The Oil & Gas Accounting Podcast

How Sales and Use Tax Can Improve Profitability in Your Business

July 05, 2023 SherWare, Inc. & COPAS Season 3 Episode 51
The Oil & Gas Accounting Podcast
How Sales and Use Tax Can Improve Profitability in Your Business
Show Notes

On the today's episode we welcome back Brent Watson, a guest on Season 1, to discuss how focusing on Sales & Use Tax can help save your business money and increase profitability. 

In this episode you'll hear: 

  • Why Operators should even care about Sales & Use Tax (3:26) 
  • The 3 Factors that Contribute to Overpayment of Sales Tax (4:22)
  • How Exempt Certificates Work (8:24) 
  • What Tax Issues Texas Operators Face (10:06)
  • What Tax Issues New Mexico Operators Face (13:46)
  • What Tax Issues Pennsylvania Operators Face (15:41)
  • What Tax Issues North Dakota Operators Face (17:27)
  • What Tax Issues Oklahoma Operators Face (19:58)
  • What Tax Issues Louisiana Operators Face (25:32)
  • What Tax Issues Colorado Operators Face (29:27)
  • What Tax Issues West Virginia & Ohio Operators Face (30:49)
  • What Tax Issues Wyoming Operators Face (33:44)
  • How Use Tax Effects Operators (35:57)