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January 29, 2019
11:00AM - 12:00PM
Ohio Commercial Activity Tax (CAT): Current CAT Audit Issues and Best Practices for CAT Compliance
OADA Webinar
The number of Ohio auto dealers targeted under Ohio's commercial activity tax (CAT) audit program is increasing. This audit program aggressively pursues additional tax, penalties and interest on unreported CAT gross receipts. The CAP program has been in existence for several years, but in the past year there has been a spike in the number of auto dealers targeted for audit. Do you need a refresher course?
Ohio instituted the CAT on July 1, 2005 replacing the outgoing Corporate Franchise and Tangible Personal Property taxes. The CAT is an annual tax imposed on the privilege of doing business in Ohio, measured by gross receipts from business activities in Ohio. If you are a dealer with Ohio gross receipts in excess of $150,000 annually, you should be currently filing a CAT return.
OADA is pleased to welcome Zack Davis from Schneider Downs to present this topic to you. Whether you need a refresher course, or want to make sure you have "best practices" in place, we urge you to sign up for this program! Specifically, this webinar will include a discussion on the following topics:
- Overview of various CAT audit issues specific to auto dealers, including:
- How to treat various manufacturer payments, incentives and credits
- Gross receipts sourcing
- Combines versus consolidated reporting requirements
- What to do if you find yourself the target of an audit
- Preparing for the audit and responding to audit inquiries
- Closing the audit
- Final review of CAT compliance best practices to follow
Please join us for this webinar and learn about current CAT audit issues and best practices for CAT compliance. There is a $20 connection fee for OADA member dealers. Non-members will be charged a $50 connection fee. Register Today!
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01/29/2019 11:00 AM
01/29/2019 12:00 PM
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Ohio Commercial Activity Tax (CAT): Current CAT Audit Issues and Best Practices for CAT Compliance
Register Here!
The number of Ohio auto dealers targeted under Ohio's commercial activity tax (CAT) audit program is increasing. This audit program aggressively pursues additional tax, penalties and interest on unreported CAT gross receipts. The CAP program has been in existence for several years, but in the past year there has been a spike in the number of auto dealers targeted for audit. Do you need a refresher course?
Ohio instituted the CAT on July 1, 2005 replacing the outgoing Corporate Franchise and Tangible Personal Property taxes. The CAT is an annual tax imposed on the privilege of doing business in Ohio, measured by gross receipts from business activities in Ohio. If you are a dealer with Ohio gross receipts in excess of $150,000 annually, you should be currently filing a CAT return.
OADA is pleased to welcome Zack Davis from Schneider Downs to present this topic to you. Whether you need a refresher course, or want to make sure you have "best practices" in place, we urge you to sign up for this program! Specifically, this webinar will include a discussion on the following topics:
Overview of various CAT audit issues specific to auto dealers, including:
How to treat various manufacturer payments, incentives and credits
Gross receipts sourcing
Combines versus consolidated reporting requirements
What to do if you find yourself the target of an audit
Preparing for the audit and responding to audit inquiries
Closing the audit
Final review of CAT compliance best practices to follow
Please join us for this webinar and learn about current CAT audit issues and best practices for CAT compliance. There is a $20 connection fee for OADA member dealers. Non-members will be charged a $50 connection fee. Register Today!
OADA Webinar
