Lunch & Learn: State TAX opportunities AND BEST practices
DATE: MAY 14TH, 2024
TIME: 11:30 AM - 1:00 PM
WHERE: CLA Tampa office(201 n. franklin st. tampa, fl 33602(suite 2500-25th floor impact center room)
COST:
BAMA MEMBER: $10.00
NON-MEMBER: $30.00
About the Presentation:
CliftonLarsonAllen LLP (CLA) will be hosting a presentation to discuss common state income tax considerations and sales tax opportunities for manufacturers located in Florida. This session will cover
- State tax nexus requirements.
- The protections and limitations of Public Law 86-272 as it pertains to state income tax.
- Documenting exempt sales transactions.
- Sales tax exemptions for Florida manufacturers.
Attendance at this seminar will provide business owners and participants with the general state tax knowledge to avoid common state tax oversights that could lead to extremely costly penalties and interest related to noncompliance and discuss opportunities to improve cash flow by identifying sales tax exemptions for manufacturers in the state, and general sales tax compliance considerations.
What knowledge will participants gain out of attending?
Participants will learn about state-specific developments for income and sales tax purposes, allowing participants to align their businesses with industry best practices and potentially reduce their tax obligations.
Who should attend?
CFOs, Controllers, Business Owners, and any other professionals responsible for state tax compliance.
Presenter:
Brian Zingaretti, Senior Associate - State and Local Tax
Brian is a senior associate within CLA’s state and local tax practice, where he provides guidance related to complex technical issues encountered by businesses and individuals. Brian’s understanding in matters of state tax controversy allows him to assist clients with their state tax planning processes and successfully resolve penalties imposed at the state or local level.
Prior to joining CLA in 2023, Brian published numerous law journal articles relating to tax matters, negotiated a commercial real estate lease for the Empire State Building, and served a pivotal role in the growth of the federal transaction cost analysis practice at another public accounting firm.
Technical experience
- Sales and income tax consulting
- State tax controversy and penalty abatement
- State taxes arising from acquisitions and dispositions of business entities
- Federal and state income taxation of transaction and debt costs
Education and professional involvement
- Juris Doctorate, cum laude, from Ave Maria School of Law in Naples, Florida.
- Bachelor’s degree in accounting, valedictorian, from King’s College in Wilkes-Barre, Pennsylvania
- Licensed attorney in the state of Florida
Civic organizations
- Ave Maria School of Law, Business Law Institute – Board Member
- Tax Section of the Florida Bar – Member
- Florida Young Lawyers’ Division – Member
- Collier County Bar Association – Member
Thomas Santomaggio CPA/JD, Signing Director, State and Local Tax
Thomas is a Signing Director and the Sunbelt Region Lead in the State and Local Tax (“SALT”) practice, responsible for advising clients on a variety of SALT matters. He has spent significant time working with companies to assist them in understanding how their business is affected by the various state and local taxes, with an emphasis on indirect taxes. His client base includes the following industries: manufacturing, distribution, technology, retail, healthcare, and hospitality.
Thomas joined CliftonLarsonAllen in 2018. He has 15 years of public accounting
SALT consulting experience.
Technical experience
- Sales and income tax consulting
- State sales tax compliance and refund review
- State tax controversy
- Project management for transaction support
- State tax implications of international transactions
- ASC 740 (FAS 109) and ASC 740-10 (FIN 48)
Education/professional involvement
- Florida Institute of Certified Public Accountants
- American Institute of Certified Public Accountants
- The Florida Bar
- Hillsborough County Bar Association
Key Takeaway:
- At the end of the seminar, participants will have a better understanding of their state tax obligations and understand how to identify potential state tax savings opportunities for their companies, improving cash flow.
