By far, the single, most-appreciated fringe benefit that I have enjoyed (even above the accumulation of frequent traveler points) thus far in my thirty-year career in sales and use tax, is the plant tour. I thoroughly enjoy donning up in a hard hat, safety goggles and steel-toe shoes to tour the factory floor. I like to see first-hand, things being made.
Nexus. It’s a word that causes anything from extreme anxiety to a disquieting unease for many tax professionals today. With many states setting increasingly aggressive sales and use tax nexus standards (sometimes of questionable constitutionality) it’s understandable why many tax professionals are so worried about their company’s potential nexus exposure. After all, the consequences of not paying taxes to a state in which you rightfully have nexus can be quite severe. What if your company is suddenly held liable for millions of dollars of sales tax for sales into a state that you always assumed your company didn’t have nexus in? It’s the kind of thing that can keep a CFO up at night.
Manufacturing Day is a celebration of modern manufacturing hoping to change the perception of manufacturing careers for future generations. The celebration occurs annually on the first Friday in October. Manufacturing Day is this Friday, October 7, 2016.