Sales Tax Risk Mitigation

09/13/23 • 44 min

It Depends: A Sales Tax Podcast by TaxConnex

Failure to comply with the applicable sales tax rules can have a devastating effect on your business. Listen to this episode now as we discuss how to determine your level of risk and exposure, as well as tools and procedures to potentially reduce your taxes owed and penalties. We’ll cover:

Nexus and taxability
What’s at stake
Remediating past exposure
Managing audits
And more!

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/
https://www.taxconnex.com/

Nexus and taxability
What’s at stake
Remediating past exposure
Managing audits
And more!

Previous Episode

5 Sales Tax Challenges Facing Growing Companies

As your business grows, so could your sales and use tax obligations. Businesses face all sorts of challenges as they grow, but one that is often overlooked is their sales tax obligations. As your business expands into new areas or new products and services, your sales tax obligation could be growing with you. If you don’t have the right steps in place to manage and track your sales tax, then you could be at risk for hefty penalties and fees. In this episode, we look at 5 challenges facing growing businesses when it relates to sales tax.

Next Episode

The Common Misconceptions of Telecom Tax

Tax and regulatory compliance can be a complex and daunting task for any business, but some of the most difficult to understand are the telecom and VoIP industries. There are various taxes and regulatory fees including communication services taxes, utility users’ tax, E911 fees, Federal Excise Tax, right of way fees, USF, and more. But often telecom and VoIP businesses fall into a trap of believing they don’t actually have an obligation. These misconceptions can cause a lot of confusion and in the end, costly errors for your business. Listen now as Jeff and Brian discuss the common misconceptions growing telecom and VoIP businesses encounter related to their tax and regulatory obligations.