AP Now Episode 95: Avoiding Costly Sales and Use Tax Overcharges [Lower Taxes]

Far too many organizations pay far too much sales and use tax – and many don’t even realize they are doing it. Avoiding Costly Sales and Use Tax Overcharges is one quick way to improve your bottom line. That’s why we invited, Greg Anderson of P-Card Tax and Lynn Larson of Recharged Education to join us to discuss this issue. #SalesTax and #UseTax together are sometimes referred to as #Salesand#UseTax or simply #SUT.

By avoiding costly sales and use tax overcharges, the team responsible can also avoid unpleasant confrontations with management overpaying too much. Sales and Use Tax issues are complicated given that every state does things differently, taxes different items differently, and regularly change rates. Keeping up with the 7,000 taxing entities can be a nightmare without proper procedures and documentation.

The speakers identify some of the reasons for those Costly Sales and Use Tax Overcharges. By understanding how these sales and use tax overcharges happen, companies are in the best place to create practices and procedures to help them avoid those Costly Sales and Use Tax Overcharges in the future.

Sometimes companies who do a good job with their management of their sales and use tax obligations, forget about their employees’ credit card charges. Overpayments slip in here as well, sometimes even resulting in the organization double-paying their sales and use tax.

Host: Mary Schaeffer (https://www.ap-now.com/)

Guest: Lynn Larson (https://www.recharged-education.com/)

Guest: Greg Anderson (https://www.linkedin.com/company/application-design-resource-llp)

Credit: Music: https://www.purple-planet.com