How Finance Leaders Can Navigate the Latest Challenges of Sales and Use Tax Audits

Date: Tuesday, June 6, 2017
Time: 2:00 P.M. Eastern Time
Duration: 1 hour 

Sponsored by Vertex

Webcast Summary

Benjamin Franklin's adage that "an ounce of prevention is worth a pound of cure" is particularly apt for finance leaders who aim to mitigate risks of audits and penalties resulting from insufficient attention to sales and use tax rules. But for many finance leaders, the greatest difficulties with complying with these rules arise not only from the number of states and jurisdictions in which their companies conduct business, but also whether their companies establish a "sufficient physical presence," or nexus, among these locations.

As states and jurisdictions expand their definitions of nexus, finance teams may not necessarily possess the knowledge or resources they need to accurately calculate their companies' sales and use tax obligations. At the same time, finance teams cannot afford to allow audits to emerge as the cost of doing business, especially if they can prevent these audits in the first place, as well as prepare their companies in case of audits.

During this Webcast, we will discuss:

  • Why finance teams are likely to experience greater challenges than ever with complying with sales and use tax rules;
  • How finance teams can apply automation to improve compliance and reduce risks of audits when determining sales and use tax obligations; and
  • Best practices for responding quickly, accurately, and cost-effectively if your company has to undergo an audit.

About the Panelists

Craig CookleCraig Cookle, CPA, Partner, Wipfli LLP

Craig Cookle is part of Wipfli LLP's state and local tax group and is the leader of the firm's sales and use tax practice. His knowledge and more than 28 years of state and local tax experience enable him to consistently provide value to clients in terms of state and local tax savings and efficient resolution of state audits.

Mike CassidyMike Cassidy, Director of Sales, Vertex, Inc.

Mike Cassidy is a Director of Sales with Vertex, Inc. He has more than 15 years of experience leading sales organizations in both the sales tax technology and payroll tax industries. Mike's current responsibilities encompass Vertex's customer relationship strategy, field sales leadership across multiple segments, and Vertex's managed services business.

Cosimo ZavagliaCosimo Zavaglia, Associate, Morgan, Lewis & Bockius LLP

Cosimo focuses his practice on state and local tax issues involving corporations, partnerships, and individuals. He advises clients on a range of multistate tax issues, including controversy, planning, and compliance. Cosimo regularly handles matters related to state and local income and franchise taxes, gross receipts taxes, entity-level taxes, sales and use taxes, telecommunications taxes, and real estate transfer taxes. He develops state tax planning strategies for corporate restructurings, mergers, acquisitions, and dispositions. In addition, he represents clients at the audit and administrative levels in state and local tax jurisdictions, and advises clients seeking advisory rulings, voluntary disclosure agreements, penalty abatements, and tax amnesties.

About the Moderator

Joe FleischerJoe Fleischer, Editorial Director, Custom Content and Research,
CFO Publishing

In his role as editorial director of CFO Publishing's custom content team, Joe Fleischer focuses on developing eBooks, research reports, and virtual events on topics that reflect the primary concerns and priorities of senior finance executives. He is based in New York.

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