Use Tax Accrual: Manual and Automated Options to Keep You Compliant

Decisions your suppliers make as they react to changes in where they are required to collect sales tax can greatly impact your relationship with them as a customer. Will all your suppliers start collecting tax? Are they doing it correctly? Can you trust what they are doing? Accounts payable departments are the first line of defense in ensuring supplier tax responsibilities are being properly managed. If the AP department isn’t evaluating the taxes suppliers are charging, costs could increase, and sales tax overpayments are likely to occur.

This session will cover strategies to keep tabs on what your suppliers are doing when it comes to taxing your purchases. We’ll also discuss options such as direct pay authority and purchasing companies as possibilities to keep control. There are a variety of options available from manual review processes to managed compliance agreements to interactive sophisticated solutions. Knowing the solutions available as well as what the right tool is for your needs is key to paying just the right amount of sales and use tax.

Diane L. Yetter
CPA, MST, President, YETTER TAX

Diane L. Yetter is the “Sales Tax Nerd ®” as well as a strategist, advisor, speaker and author in the field of sales and use tax. She is president and founder of YETTER TAX, a sales tax consulting and tax technology firm. She is also the founder of The Sales Tax Institute, which offers live and online courses to educate business professionals about sales and use tax.

Diane works with clients of all sizes and in myriad industries to deliver sales tax services ranging from tax technology to tax policy and planning and training.  She also regularly partners with other advisors to help them serve their clients.

As a speaker, Diane is frequently asked to present to industry groups concerning sales and use tax issues. As an author, Diane regularly contributes to various publications, has published three books and numerous articles concerning sales and use tax issues. She also is the author of the US Sales Tax Chapter for the IBFD VAT Worldwide Research Database.  She has also appeared as an expert witness.

Diane is a member of many tax organizations and is frequently asked to present to industry groups concerning sales and use tax issues on a local, state and national level. As an author, Diane has published three books and numerous articles concerning sales and use tax issues. She also is the author of the US Sales Tax Chapter for the IBFD VAT Worldwide Research Database.  Diane was named in Accounting Today’s 100 Most Influential People in Accounting seven times between 2011 and 2021. As an entrepreneur, she was honored as Woman Business Owner of the Year 2020 by the National Association of Women Business Owners (NAWBO) Chicago Chapter. Her twitter handle, @SalesTaxInst has been one of Forbes Top 100 Tax Twitter Handles and @YetterTax is in the Accounting social media leaders.  She also sits on the Avalara Accounting Meta Influencers Roundtable.

Diane earned a BS in accounting and business administration from the University of Kansas in 1985 and an MS in taxation from DePaul University in 1994. Prior to founding the company, Diane was a state and local tax manager in the Chicago office of Arthur Andersen LLP, the sales and use tax director for the Quaker Oats Company and a sales and use tax auditor for the Kansas Department of Revenue.

Josh Barrett
Director, IOFM

Josh Barrett joined the Institute of Finance & Management (IOFM) in 2017 has served as the organization’s executive director since 2020. His is responsible for management of IOFM’s Membership and Certification, its virtual and in-person events, and its demand generation offerings.

Josh is committed to ensuring that IOFM is the premier provider of training and education for financial operations professionals, working closely with a team of content developers, industry leaders and subject matter experts.

Prior to joining IOFM, Josh spent 20 years working in marketing and advertising with companies including L.L.Bean, Globe Manufacturing, the Maine Office of Tourism and Bentley University.