SUTS in Flux, Part 2
In this episode, Judy Vorndran, Tram Le and Connie Zoerink from TaxOps’ SALTovation Team, continue their conversation about the impact of Colorado’s Sales and Use Tax System (SUTS) and some of the issues for taxpayers to consider.
What You Will Discover:
- [00:14] Accommodating and managing the risk
- [03:18] How to navigate licenses
- [07:24] Things to consider
Quotables:
- “On audit, just remember that while SUTS is the new system, most of these cities have had auditors in place for many, many years, and they have a robust audit system. They can assess penalties and interest and they can go back as far back 10 years, I’ve seen 10+ years of information being audited.” -Connie Zoerink [02:32]
- “They certainly have a right to enforce as far back as they want, so that is always a concern that taxpayers have.” -Judy Vorndran [03:13]
- “You don’t want to get caught not collecting the right rate.” -Tram Le [08:39]
Relevant Links:
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Production Support
This episode was produced with support from Truth Work Media. www.truthworkmedia.com
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