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Taxops

Sponsored by
Avalaralogo
Whosonthehook avalara

WHO’S ON THE HOOK: MANAGING RISK FROM SALES TAX REGISTRATION

Cost Free
CPE Credits 1.0 hour
Subject Area Taxes (Sales Tax)
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Series: Sales Tax
Course Description

Registering a business for sales tax sounds simple.  But it can be fraught with contention and bring up concerns as requirements become known.  All those who are identified as  “responsible parties” – the business owners, officers, directors, shareholders, and employees - can be personally liable for sales tax obligations. This begs the question, what exactly is a responsible party and why is the ask so invasive?
 
The short answer is because, due to per federal and other laws, these executives, owners and employees are required to relinquish their personal information before the business can be entrusted with state and local tax funds. Although legal and binding, this requirement doesn’t always go over well, particularly when these individuals realize that by signing on as responsible parties, they become personally liable for sales taxes of the business.
 
Join Judy Vorndran as she discusses the “why” behind the sales tax registration requirement and how can you best protect your business, people and clients from personal liability.

Learning Objectives

  • Why there’s risk in complying with requirement to hand over personal information in the sales tax registration process.

  • Assuming trustee status.

  • Declaring who you say you are.

  • Who is responsible

  • Best ways to protect your business and people from personal liability.

Linkedin

Judy Vorndran, Esq, CPA

Tax Ops, LLC
State and Local Tax Partner
jvorndran@taxops.com
(720) 227-0070

Taxops

Judy Vorndran leads the state and local tax (SALT) practice at TaxOps, helping clients navigate the morass of SALT issues with the goal of making it less “Taxing!”. She is a recognized thought leader and award-winning instructor to clients and tax professionals alike with a steady focus on finding ways to simplify complex SALT issues and areas of state tax controversy. Judy monitors the legislative, judicial, and regulatory tax landscape to assess the tax impact on businesses, and has helped successfully change the laws in a number of states and jurisdictions. Previously, Judy was the first National Tax Resource at a Top 100 CPA Firm, where she launched the firm’s SALT practice. She also spent 14 years exclusively focusing on SALT at PwC and Deloitte, extensively traveling the U.S. helping clients implement best practices and reduce SALT risks.

Handout Materials
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Additional Materials
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Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Sponsor

Avalaralogo
Avalara helps businesses of all sizes achieve compliance with transactional taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers comprehensive, automated, cloud-based solutions that are designed to be fast, accurate, and easy to use. We automate and simplify governmental compliance processes, including tax determination, exemption certificate management, and tax return preparation, filing, and remittance. Avalara’s Compliance Cloud™ platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world. Avalara offers more than 500 hundred pre-built connectors into leading accounting, ERP, ecommerce and other business applications making the integration of tax and compliance solutions easy for customers. Each year, the company processes billions of indirect tax transactions for customers and users, files more than a million tax returns and other compliance documents.