Episode 33

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Published on:

26th Aug 2021

SUTS in Flux, Part 1

In this episode, Judy Vorndran, Tram Le and Connie Zoerink from TaxOps’ SALTovation Team, talk about Colorado’s Sales and Use Tax System (SUTS) and some of the challenges and risks they are seeing with this system.

 


What You Will Discover:


  • [00:27] What is SUTS


  • [01:26] What is a home rule


  • [03:47] How it logically works


  • [04:40] Challenges and risks


  • [07:33] Risks with historic nexus

 


Quotables:


 


  • “We truly don’t know how it’s going to roll out, because not all cities are on SUTS. I think we have 17 out of the 71 cities that haven’t signed on or haven’t finalized their agreement to participate. So I think that can get pretty complicated at this point if there are taxpayers who are interested and ready to sign on and make it less complicated.” -Tram Le [04:40]


  • “It’s important to talk to an expert before you go out and register all these cities through SUTS and make you sure understand who the cities are and references.” -Judy Vorndran [06:38]


  • “If you register on SUTS using your perspective registration date going forward from today say, there could be a historic nexus issue, and so we’re just concerned that taxpayers may be audited or there may be some issues raised with that where there could be some big money involved with that.” -Connie Zoerink [08:03]

 


Relevant Links:



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Talk To A Tax Advocate Today

TaxOps Website: https://taxops.com/contact/


Production Support

This episode was produced with support from Truth Work Media. www.truthworkmedia.com

Mentioned in this episode:

Advanced Sales and Use Tax Workshop

Take your sales tax to the next level at Advanced Sales and Use Tax Workshop, February 19-21 in Nashville. Diane Yetter and the Sales Tax Institute’s industry-leading faculty provide individualized training, valuable resources, and practical solutions. Expand your network and earn 23 CPE credits. Visit the link in the show notes and use the code SALTOV10 for 10% off. Save your spot now!" https://keap.page/xp141/saltovation-podcast.htm

Use Tax Workshop

SALT Contact

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About the Podcast

SALTovation: Making Sense of State and Local Tax
Welcome to SALTovation. The SALTovation show is a podcast series featuring the leading voices in state and local tax (SALT). Here we talk about issues, strategies, and planning tools to help you make sense of SALT. Because, in SALT, there is no “one and done.” SALT is a puzzle of ever-changing pieces. Solving that puzzle is our business at SALTovation. Tens of thousands of listeners know they won't get tax talk as usual with the SALTovation team. Our team is known for straight-talk with a flair for fun, providing clarity and opinions that move businesses forward with confidence.

Attorney, CPA, speaker, and writer Judy Vorndran leads the SALTovation team as they go inside business to help deal with the daily operations and long-term strategies of making SALT less “taxing.” Judy has spent more than 25 years advocating for businesses with innovative strategies, renowned knowledge and experience. She has helped guide thousands of taxpayers across the nation and globally through the morass of SALT, freeing them to concentrate on growth. Joining Judy are the wickedly smart members of the SALTovation team, who have seen, worked with and tamed some of the most prickly issues in SALT. They enjoy sharing their stories and knowledge with listeners.

Solving the SALT puzzle doesn’t happen in a vacuum; it takes a community. So, we invite leaders in business and state and local tax to share their stories, challenges and successes on this show. Drop us a line at SALTovation.com if you'd like to join the conversation and tune into our regular series at TaxOps.com.