DCPA2432. Ignorance is not bliss: the importance of a proactive approach to CAS and SALT (State and Local Tax) advisory

SALT compliance is a multifaceted and dynamic issue, and often clients fail to grasp the complexity of the situation. This can lead to unexpected financial outcomes resulting from audits. In this session, we will explore how CAS practices of all sizes can help clients overcome SALT challenges and optimize technology and processes as part of the solution. We will focus on creating value and sharing practical applications for a more strategic and proactive approach with clients. You will leave this session with a better understanding of the relationship between CAS and SALT and basic best practices for moving forward.

Learning Objectives:

• Determine the complex nature of State and Local Taxes (SALT) and the necessity of offering high-quality SALT advisory services to clients
• Identify strategies for CAS practices to assist clients in navigating SALT challenges, utilizing technology and optimized processes to mitigate compliance risks and improve audit outcomes.
• Apply best practices for a proactive and strategic approach to SALT compliance within CAS practices, focusing on creating client value through practical solutions and enhanced compliance management.