Webinar: Best Practices for Performing Use Tax Reviews

Webinar: Best Practices for Performing Use Tax Reviews

Webinar Date:

The complexities and the costs associated with executing the use tax review process have skyrocketed over the past few years.  The challenges companies face includes ineffective processes, limited expertise, and a short window of time available to complete the monthly process. As a result, companies commonly both underpay and overpay use tax.

The completion of monthly use tax reviews is an effective way to maximize cash savings and manage audit risk under these conditions. The appropriate use of technology and improvement of the overall use tax process can result in significant savings and reduced risk, without increasing the overall cost of compliance.

In this live, one-hour webinar, leaders from GTM’s Indirect Tax Services team will share best practices on how to design and improve an effective and repeatable monthly use tax review. Specifically, the webinar will cover:

  • Defining the scope of the monthly review and consideration to expanding beyond use tax accrued to include sales tax paid to vendors and non-taxed purchases
  • Preparing for the use tax review, including determining available data/reports, enhancement of reports, and access to supporting invoices
  • Executing the use tax review, including tips on improving efficiency, effectiveness, and timeliness
  • Recommendations for a commitment to continuous improvement, including feedback to purchasing, exemption certificates issuance, maintenance of automated systems, and more

Earn one CPE for attending the live event.

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