Sales & Use Tax Survival Guide: What Every Multi-State Business Must Know
Tuesday, February 11, 2025 | 10:00 AM PST
As multi-state businesses continue to expand, the complexities of reporting Sales & Use Tax and remaining compliant is an ongoing challenge. From understanding physical and economic nexus (sufficient connection between a business and a state that creates a tax obligation) to navigating exemptions and voluntary disclosure agreements, ensuring compliance has never been more critical – or more complicated – for your business.
Join LSL’s Consulting & Advisory Partner, Kelly Telford, CPA, and Source Advisors’ Kamal Shah as they break down the fundamentals, latest updates, and actionable steps for compliance.
They’ll cover:
- Economic Nexus & Taxability Trends: What’s new for 2025 and how states are enforcing compliance
- Business Impacts: explaining trustee tax and its implications, potential liabilities for business owners and responsible persons, and impact on liquidity events & financing
- Historical Liabilities: How to reduce risk with Voluntary Disclosure Agreements (VDAs)
- Audit and Compliance Risks: How states identify non-compliant businesses, the role of third-party consultants, and penalties and interest for non-compliance
- Nexus Studies: Why conducting one can uncover tax filing obligations
They’ll also take questions during our live Q & A chat.