Managing indirect tax compliance is a complicated exercise. As procurement activities and indirect tax processes intersect, the risks of getting tax calculations wrong can be high and the consequences costly.
At the time an invoice reaches accounts payable, if the vendor’s tax amount is not validated, then there can be an over or underpayment of tax. When companies pay potentially thousands of invoices in a year, these errors can have a significant impact on their bottom line. Improper calculation of indirect tax means the tax department is usually called upon to solve the problem, spending valuable time correcting the error or dealing with audit penalties.
In this webinar, we’ll discuss the importance of efficient and accurate indirect tax management in the procure-to-pay (P2P) process and examine how tax automation technology can be integrated into procurement systems to more effectively manage compliance, mitigate risk, and reduce manual effort.
Field of Study:Taxes
Advance Preparation:None required
Delivery Method:Group Internet-based
Recommended CPE Credit(s):1
Event Inquiries: For inquiries as well as complaints concerning this event, you are welcome to send an email message to [email protected].
Please note that only those who attend the live event will have the opportunity to earn continuing professional education (CPE) credit in connection with this event. Because there is no charge to register for this event, there are no refunds following registration for this event.
To be eligible to earn one CPE credit during each session that offers attendees the opportunity to earn CPE credit, you must answer at least three polling questions while attending the session for a minimum of 50 minutes.
Argyle Executive Forum is registered with the National Association of State Boards of Accounting (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org