Use tax is one of the most under-managed compliance areas in manufacturing, and one of the most costly. From raw materials, manufacturing equipment, and supplies, the complexity of self-assessing use tax across multiple jurisdictions creates significant audit exposure. In an audit, use tax liability stemming from purchases is often the largest amount owed. Yet most AP teams are still relying on vendors to get the tax right, a risk they can't afford.
In this session, we'll break down the most common use tax mistakes manufacturers make, show you how to identify vendor undercharges and overcharges, and demonstrate how automation powered by AI can help your team move from reactive to proactive compliance.
Whether you're a tax executive preparing for your next audit, a controller looking to protect margins, or an AP leader managing high-volume procurement, this session will give you practical strategies to manage risks.
Key Takeaways:
- Understand the most common use tax errors manufacturers make
- Learn how to identify vendor overcharges and undercharges on raw materials, supplies, and capital equipment purchases
- Explore the unique use tax triggers in manufacturing: where the process begins and ends, the scope of the manufacturing exemption
- Discover how AI-powered automation can detect invoice anomalies, accrue use tax accurately, and continuously improve accuracy as purchase patterns change
- Walk away with practical steps to reduce audit exposure, stop cash leakage, and build a more defensible use tax compliance process
