About

CoSALT Consulting Ltd. specializes in providing tax compliance consulting services to municipal and county governments, aiding in enhancing tax compliance and managing projects related to tax changes, taxability, and code updates. These services are particularly crucial for coordinating efforts between home-rule authorities and statutory collected jurisdictions.

Founded by Sophia Hassman, the Principal Owner, CoSALT takes pride in its diverse skill set and capabilities, designed to simplify the complexities of the tax compliance landscape, both in the short and long term.

About Sophia

Sophia possesses a profound commitment to service and places great value on sharing her wealth of experience in financial management and expertise in state and local excise tax compliance.

As a seasoned professional in accounting and State and Local (SALT) tax compliance, Sophia’s background encompasses over 15 years of hands-on experience in collaborating with home-rule municipalities in Colorado. Her expertise extends to leading, establishing, maintaining, and executing ethical auditing practices within the realm of home-rule municipal government.

Having worked with a range of cities and towns in Colorado, Sophia is well-versed in various tax collection platforms and the intricacies of the Colorado Sales and Use Tax System (SUTS). This experience proves invaluable in navigating compliance challenges, particularly when organizational turnover has resulted in the loss of specialized knowledge.

Sophia understands the intricacies of sales tax compliance and the diversity of tax payment and reporting systems across the United States. Her expertise goes beyond accounting for taxes; she also delves into the nuances of remittance processes and distinguishing between taxable and exempt transactions. Furthermore, she acknowledges the significance of economic nexus and the impact of physical presence laws, factors that can significantly complicate business operations and tax compliance.

Sophia’s approach centers on optimizing financial and tax-related compliance through meticulous attention, education, and unwavering determination to identify potential deficiencies accurately. She regularly employs data analytics and statistical sampling techniques to assess risk and identify anomalies. For more information about her background and services, please feel free to inquire further.