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Properly Managing Customer-Provided Exempt Certificates

Webinar: ID# 1021667
Recorded CD
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About This Course:
The policies and procedures your corporate tax staff implement for requiring, verifying, storing and retrieving exemption and resale certificates are critical in preventing mistakes or oversights that cost dearly during a sales tax audit, particularly when multiplied through an audit sample.

Unless your company has outsourced or invested in sophisticated certificate management technology, human processes are essential. How reliable is your staff in asking for and verifying exemption certificates? How dependable are the exemption certificates that are scanned and stored? Retrieving a certificate demanded by an auditor on short notice may require both sound cataloging and thorough knowledge of the storage system.

This webinar provides insights that will improve your certificate management from advisors who work with sales tax clients in a range of industries.

AGENDA

Trends in State and Local Sales Tax Audits
  • Increasing Numbers and Greater Frequency of Audits
  • Types of Exemption Certificates and Requirements
  • Implications for an Audit Sample
Procedures for Gathering and Validating Certificates at the Purchase Location
  • Exemption Certificate Policy
  • Staff Training and Involvement With Various Departments
  • How Your Corporate Tax Department Can Lead and Improve the Process
Alternatives for Storing Certificates
  • Evaluating Traditional Manual Approaches vs. Automation
  • Cost vs. Benefit
  • Need for Formal Company Policy on How Long Can Certificates Be Kept on Record
About The Presenters

Emily Irish
  • Senior tax director specializing in state and local taxes in the Grand Rapids office of BDO USA LLP
  • Practice emphasizes all aspects of sales and use taxes and income, franchise and other non-income based taxes such as gross receipts
  • Conducts regular seminars and workshops on numerous state and local tax issues
  • Member of the American Institute of Certified Public Accountants, Michigan Association of Certified Public Accountants, State and Local Task Force, Grand Rapids Chapter of American Society of Women Accountants, past president
  • M.S. and B.S. degrees, University of Florida
David McIntyre, CMI
  • Senior tax manager in BDO USA LLP’s Southwest region sales and use tax practice
  • Over 11 years of experience in state and local sales and use taxation
  • Presents trainings and webinars on state and local sales and use tax topics
  • Worked in sales and use tax practice for DuCharme, McMillen & Associates, Inc. and Pricewater-houseCoopers LLP for a combined 8 years
  • Certified Member of the Institute (CMI) for Professionals in Taxation
  • Practice focuses on providing sales and use tax audit defense, managed audit, and overpayment review services to clients in the manufacturing (equipment, chemical, etc.) exploration and production, oil field service, oil and gas midstream, construction, and grocery retail industries
  • Assisted equipment manufacturing company with Texas sales and use tax audit that resulted in a reduction of $50M to their initial sales tax assessment
  • Assisted equipment manufacturing and services company with Texas sales and use tax audit that resulted in a reduction of $13.5M to their initial sales tax assessment and successfully recovered $2.5M in overpayments in the audit period
  • Assisted equipment manufacturing and services company with Louisiana Parish sales and use tax audit that resulted in a reduction of $790k to their initial sales tax assessment
  • B.B.A., Texas State University – San Marcos
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Properly Managing Customer-Provided Exempt Certificates
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