5 Ways to Revamp Your Sales Tax Strategy

Lizzy Connolly
February 28, 2022

Let’s face it: no one likes dealing with tax, and no one likes learning they’ve done something wrong when it comes to their organization’s compliance. Sovos launched the Sales Tax Learning Series to guide you through revamping your team’s sales tax strategy.

This learning series was designed with industry-leading partners to help you navigate the complex world of sales and use tax compliance. Whether you’re experiencing challenges with scalability, streamlining, monitoring changes in nexus or accuracy concerns, this learning series has an answer for you.

Check out details on the upcoming events below to find your most valuable sessions.

A sales tax strategy that grows with your business

Hosted by Diane Yetter, Founder of Sales Tax Institute and Chuck Maniace, VP of regulatory analysis at Sovos, this webinar will discuss building a scalable strategy that can meet current and future needs. The speakers will also cover considerations for geographic or product/service expansion and how to incorporate technology to assist with scalability, freeing up your teams to work on more priority tasks. Our hosts will explain the importance of understanding which departments have an impact on sales tax so you can ensure complete compliance across your organization.

If you’re looking for opportunities to improve internal processes and build best practices to efficiently adapt to regulatory changes, new product launches and the introduction of new sales channels, Building a Nimble Sales Tax Strategy is a must-attend event..

Learn about Sovos Filing from the experts

Join us for a live product demo of Sovos Filing, where you can learn about its basic functionality without having to undergo the standard sales pitch. Shopping for sales tax software can be daunting, and sometimes you want to understand how a solution works before you sign on the dotted line.

Sovos product experts will demonstrate options for passing your sales tax data to Sovos Filing and cover the process of reviewing and adjusting any data as needed – including what happens with negative returns. We will also discuss available reporting options for reconciliation and streamlined options for Shopify, NetSuite and Amazon users.

How do you monitor your nexus footprint?

South Dakota v. Wayfair, Inc. has been in play for several years now, but does that mean it’s easy to properly monitor your nexus footprint? As your business grows, whether that means expanding into new states or hopping on the ecommerce train, any new sales tax obligations must be part of your development strategy.

Steve Claflin, SALT manager at CliftonLarsonAllen (CLA) and Chuck Maniace, VP regulatory analysis at Sovos will lead the discussion in:

  • Reviewing how you currently monitor your sales into each state.
  • Developing the right strategy for continuous sales tax compliance, including complete product support.
  • Creating a more scalable approach for continued business growth.

Learn to improve sales tax accuracy

When your sales tax strategy includes manual work, it could be an arduous process and one that leads to human error. Constantly evolving rate changes may not always be processed in your system. Complex forms and schedules can be difficult to maintain and update. Having the necessary amount of staff on hand for thorough reviews is not always possible. But how can you improve your sales tax accuracy?

Kexin Smith, sales tax lead, LedgerGurus and Kolton Juusola, sales engineer, Sovos will discuss how you can identify your key risk areas and create scalable sales tax strategies.

In Three Ways to Improve Sales Tax Accuracy, you will see how to apply current tax rates for every customer order, understand exempt sales and how to keep sales tax data organized.

Addressing an inefficient sales tax process

Sovos’ Michele Guindon, tax technologist, and Duston Littlefield, sales engineering manager, will discuss the importance of identifying bottlenecks in your existing tax calculation, exemption certificate management and sales tax filing workflows.

Whether your business is grappling with an omnichannel expansion or experiencing the ripples of the Great Resignation, it’s critical to define inefficient processes and find the best way to overcome sales tax obstacles. This webinar will help you address risk areas and develop next steps for your team.

Take Action

Not seeing a session that meets your needs? Submit a topic request by emailing salesusetax@sovos.com or visit the webinars page to browse other sales tax events.

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Author

Lizzy Connolly

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