Put simply, use tax is owed on a purchase when the seller does not collect sales tax, or when the use of the product/service (or the location of consumption) results in more tax being owed. Sound complicated? It is, and that’s what makes use tax one of the most mismanaged compliance issues for businesses. This session will cover:
- The events that can trigger consumer use tax requirements
- The most common consumer use tax management challenges
- The impact of economic nexus laws on consumer use tax
- How your business can step up compliance to avoid being audited
