State and Local Tax Nexus 101

General Description:

This seminar presents a high-level, wholistic view of business tax obligations that include income, sales and use, and other indirect taxes, and why addressing them in total, rather than in silos, creates the strongest tax compliance programs. When accountants/tax return preparers provide their clients support in only a single type of tax – e.g., payroll or sales and use tax – the clients may be unaware or choose not to address other taxes they should be filing, creating risk. By considering the full picture of how tax types impact each other, accountants and tax return preparers can provide more value to their clients while helping them cover all the bases and avoid surprises.

Learning Objective:

After completing this course the participant will be able to:

• Summarize the implications of nexus on income tax and other indirect taxes.
• List a business's possible federal, state, and local tax obligations, both direct and indirect.
• Recognize sourcing requirements for income and indirect taxes.
• Identify and explain to clients which tax obligations apply to their business.
• Differentiate between a sales tax and a use tax.
• Distinguish between taxable and non-taxable transactions.
• Identify transactions that may be exempt from sales and use tax and the role of exemptions certificates.
• Assess reporting obligations and income tax filing methods.
• Explain how an integrated approach to tax compliance helps a client mitigate risk.

Instructors:

Stacey Roberts, CPA, is a partner in the SALTovation team at TaxOps in Denver. She works closely with business clients managing all compliance issues related to state income/franchise and sales and use tax for flow through entities and C corporations across various industries; identifying planning opportunities and state and local credits and incentives; and mitigating state and local tax controversy issues with auditors and taxing jurisdictions. Her 25 years of experience in state and local tax also includes three of the Big Four accounting firms and a Fortune 500 company. She is a member of the Colorado Legislative Tax Policy Task Force through 2026 and frequently presents and writes on SALT issues.

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