Sales Tax Has a Major Impact on Many Businesses

Brent Watson, CPA, leads the transaction tax practice for Merit Advisors in Tulsa, Okla. An OSCPA member for five years, he has served on the Taxation Committee and is currently serving on the Continuing Professional Education Committee. His 23 years of practice in state and local taxes (SALT) has included sales & use tax, property tax, and state incentives programs. His expertise is concentrated in the manufacturing and oil and gas industries.
Twenty-three years ago, my supervisor at a Fortune 500 manufacturer asked me what I knew about sales tax, and I replied, “It’s at the bottom of my Walmart receipts.”

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