Four years have passed since the monumental Wayfair v. South Dakota Supreme Court decision. Every state with a sales tax has adopted some form of nexus threshold requiring businesses to collect and remit sales tax. With numerous updates and guidance on the taxability of various products and services, businesses are re-evaluating their compliance strategies to reduce liability and protect their bottom lines from costly errors.

While many tax professionals prioritize building strong compliance practices on their sales, monitoring the accuracy of sales and use tax on company purchases can easily slip through the cracks. One of the best proactive tactics to mitigate over- and underpaying sales and use tax is to conduct an internal analysis.

Learning Objectives:

• Evaluate your company’s existing sales and use tax strategies on purchases


• Determine how to detect and mitigate vendor errors and use tax exposure


• Recognize how to leverage technology stacks to minimize risks and improve processes for your tax department