The Wayfair Decision and How it Impacts Oregon Businesses and CPA Firms (1.5 hours - morning) – NEW!

Add to Calendar

Oct 23, 2018

Registration: 7:30 AM / Program: 8:00 AM - 9:20 AM

Fees

Member Fee: $59.00
Nonmember Fee: $79.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: -39.00

Description

The Wayfair decision impacts businesses in all sectors. Nexus can now be established without physical presence. Learn the ins and outs of the decision and how to best implement strategies to protect the business in all states. Does this impact income tax? We will discuss that also!

Designed For

CPAs in practice and professionals in industry at all levels.

Objectives

You will learn about the basics of sales and use tax and how the Wayfair decision has changes the landscape for all businesses. Businesses can no longer count on the physical presence rule to shield them from sales tax collection responsibilities in other states. This is a whole new challenge for all businesses but a bigger challenge for small to medium businesses. You will leave this class with a the knowledge and tools to help you evaluate exposures and plan to comply with the new sales tax world!

Major Subjects

Understanding the Wayfair decision * How the decision impacts businesses small and large * How to apply the separate state rules * Ideas to make compliance easier * Risks of not complying *

Leaders

Harriet Strothers

Harriet A. Strothers, CPA, DeLap LLP, Lake Oswego, OR, has nearly 30 years of experience in providing state and local tax advisory and compliance services to large multi-state and multinational companies. Prior to joining Delap, Harriet spent 15 years with The Ryland Group – a Fortune 500 Homebuilder and Mortgage Lender that operates in 28 different states. Upon leaving The Ryland Group, and after a 2 year stint at Schnitzer Steel, Harriet worked with Moss Adams for 6 years before joining the team at Delap in 2014. With extensive experience managing tax compliance and audits for all areas of state taxation as well as IRS LMSB “Large Case” audits, Harriet also performs state and local due diligence related to Mergers and Acquisitions.

Although Harriet enjoys the complexity of tax work, her primary passion is bringing financial clarity to each client relationship. Over the course of her vocational journey, she has learned to become a financial coach and mentor to each client, a role Harriet greatly enjoys.

Upon her return to public accounting in 2007, Harriet observed that there was a need for business leaders to better understand how State and Local Taxes affected their financial decision making. However rather than developing an industry specific concentration, Harriet focused on state tax minimization through planning and remediation strategies for taxpayers who operate in multiple states. These strategies include multistate income/franchise tax refund engagements and reverse sales/use tax audits, as well as state voluntary disclosures to mitigate past tax liability.

Recently, state tax credits and incentives have become increasingly available to taxpayers. One of the more cutting edge tax opportunities to navigate, Harriet has helped numerous taxpayers in securing these tax credits. Also a frequent presenter on multistate tax and incentive issues, Harriet has managed many large multistate income/ franchise tax refund engagements, and reverse sales/use tax audits. She has also managed and delivered numerous voluntary disclosure services and audit defense services in almost every state. Additionally, Harriet has substantial experience advising clients on product sales/use taxability for different types of transactions and on nexus related issues in 50 states.

Harriet is a member of the Oregon Society of Certified Public Accountants and the American Institute of Certified Public Accountants.

Rev. 1/2018