Webinars

  July 30, 2009 at 02:00PM ET

Did you know? In over 75 percent of companies, the responsibility for managing sales tax exemption certificates falls on the credit department.

Did you know? Sales tax compliance audits are on the rise—up an estimated 300% since 2003!

Are you in compliance with the 7,600 possible jurisdictions collecting taxes in the United States today, and an average of 600 changes each year in tax rates and rules?

While credit managers may moan that exemption certificate management is a burdensome and time-consuming process, compliance is critical to your organization’s bottom line. Failing to do this job properly can prove expensive in an audit, since a missing certificate means large assessments, penalties and interest.

How expensive? California business tax payers were recently assessed $340 million in additional sales and use tax during audits, $59 million of which was avoidable!

Make sure you're ready with all the certificate data you need to avoid (or get through) that audit. Join IOMA and our expert faculty on July 30th at 2PM ET for this intensive 90-minute program and discover:

• How bad is it? What is the latest on the State government budget squeeze and what can you expect to see (If you haven’t already) ?
• How to determine whether your company is exposed including a discussion of nexus and the potential scope of your exposure.
• What are the regulations? What is expected for regulatory compliance?
• How to handle local tax jurisdictions that do not operate under state authorities (i.e. home rule cities in Colorado and parishes in Louisiana)
• Tips for storage and management of large volumes of exemption certificates
• Examples of Audits, techniques, data requested, and more.
• Managing Audits – make it easy on yourself.

FEATURED FACULTY

Silvia Aguirre
President and Principal, Tax Technology Services, LLC

Silvia Aguirre has over 15 years of experience in Sales and Use Tax Regulatory Compliance. Since 2002, she has built TTS into a leading provider of Exemption Certificate Management software and services for Companies like IBM, Big Lots!, and Tempur-Pedic. The certificate management solution her company offers was a finalist in the Software CEO Magazine Award for Most innovative software model in 2008. She is recognized as a leading authority in this area and is regularly referenced by industry groups and leading consultants. She was recently published in booklet called “Managing the Sales Tax Exemption Process” and provides educational seminars and free website with forms and Certificate Information. (www.certcapture.com) She is a member of Institute of Professionals in Taxation (IPT), the Streamlined Sales Tax Project’s Business Advisory Council and other industry groups.

Prior to TTS, she held ascending positions in large corporate Tax Departments, learning the tax-payers biggest challenges and risks. Prior to her corporate work, Silvia was a Sales and Use Tax Auditor for the State of Texas.

In addition to her Sales Tax-specific Training at the University of Wisconsin – Milwaukee, Silvia earned her MBA at Tulane University in New Orleans.