Oklahoma businesses can expect sales tax audit activity to be multiplied in the near future. Until recently, compliance enforcement by the Oklahoma Tax Commission (OTC) was limited due to a small staff of auditors — at one point less than 30 auditors for the state. In contrast, Arkansas, which has about 25 percent less population than Oklahoma, had nearly 140 auditors!
Because of this deficiency, the City of Tulsa and other cities believed they were not receiving their share of local sales taxes and began pursuing the usage of contract auditors to conduct city sales tax audits. In order to regulate this activity, to maintain uniformity of state administration of sales taxes and to maintain Oklahoma’s participation in the Streamlined Sales Tax (“SST”) initiative, the 2010 legislature passed HB 2359. A portion of which states:
… upon the request of the municipality, …, the Commission shall enter into contractual agreements with the municipality or group of municipalities whereby are authorized to … augment the Commission’s enforcement through a contract with a private auditor(s) … . The auditor(s) or audit firm(s) shall first be approved by the Commission and once approved shall be appointed as an agent of the Oklahoma Tax Commission for purposes of the audit.
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Agenda
Faculty
Brent L. Watson, CPA
Grant Thornton LLP
- State and local tax manager with Grant Thornton’s Texoma Regional SALT practice, based in Tulsa, OK
- 26 years of practice in state and local taxes (SALT), including sales and use tax, property tax and state incentives programs, including nine years of experience as a state and local tax consultant and ten years as the manager of state and local taxes for Tyson Foods
- Expertise is concentrated in the manufacturing, oil and gas, wholesaling/retailing, and construction industries
- Frequent speaker for national training firms, state accounting societies, and groups covering sales taxes
- Well acquainted with taxing authorities in Oklahoma, Arkansas, Texas and surrounding states
- Licensed to practice in Arkansas, Oklahoma and Texas
- Member of the Institute for Professionals in Taxation, AICPA, Oklahoma Society of Certified Public Accountants, and the Tulsa Chapter of the Oklahoma Society
- Can be contacted at 918-877-0808 or [email protected]
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