Most tax departments accrue use tax on purchases, but few regularly check whether that tax was actually accurate. That gap can mean overpaid tax sitting on the books, or exposure that goes unnoticed until an audit.
A purchase review closes that gap, and as states like California continue to expand what they tax (including software and SaaS), a recurring review is becoming less of a one-time project and more of a standard part of managing tax risk.
In this webinar, Erica Stefanik and Jim Ford will break down what a purchase review actually involves, when your organization needs one, and how to build a recurring process that doesn’t rely on manual effort.
Key topics include:
- What a purchase review is and what it can uncover in your purchase data
- The key signals that tell you it’s time for one
- Building an automated, recurring review process instead of a one-time project
- Lessons from recent legislative changes affecting the taxability of software and SaaS purchases
- Practical tips for getting a purchase review program off the ground
