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Colorado Sales Tax 201
Business Workshop: Colorado Sales Tax 201
Date: Thursday, November 6
Time: 4:00 PM – 5:00 PM
Location: In-Person or Zoom
Alliance Business Assistance Center
550 E Thornton Pkwy #170, Thornton CO 80229
Presented by SCORE
As a small business owner, are you frustrated and confused by Colorado’s sales tax code? Thornton’s Alliance Business Assistance Center, in partnership with SCORE, is offering a class to help business owners navigate the complex and often confusing sales tax system.
Our speaker, Teresa Schiel, is an expert in the state’s sales tax code and a skilled teacher and technologist. You’ll learn how the tax code is structured, gain insights into best practices, and discover how to untangle a difficult process for all the products and services you sell.
“Just a few short years ago, Colorado received a ‘D’ rating from the Council on State Taxation, ranking Colorado’s sales tax system as one of the worst in the country. The abysmal rankings are a result of a confusing and cumbersome patchwork of 756 geographic areas with different sales tax rates and bases, and 72 home rule cities that require businesses to individually register and remit sales tax. This complicated and challenging sales tax system puts a significant burden on businesses around the state,” Paul Archer, President of the Simplify Colorado Sales Tax Coalition and Founder/CEO of Automated Business Technologies | cobizmag.com, May 24, 2023
In this intermediate workshop, attendees will learn:
- What a Jurisdiction Code is and why it is important
- Best practices for managing collection and remittance records
- How to create a workflow to better manage collection and remittance processes and records
- How to manage jurisdiction registration and remittance frequency
