CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Contractors And Their Sales Tax Responsibilities

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC
Contractors And Their Sales Tax Responsibilities

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00413-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0414)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00413-21-O)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00413-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

How to Use Technology to Scale your CPA Firm

Sep 21, 2021 | 01:00 PM EDT View Details

QBO: Banking Feed and Reconciling - Make Rules & Automate

Sep 21, 2021 | 01:30 PM EDT View Details

Tips On Engaging Employees In The Midst Of Crisis

Sep 21, 2021 | 01:30 PM EDT View Details

Report Writing Techniques for Audit Professionals

Sep 21, 2021 | 01:30 PM EDT View Details

The Fundamentals of PEOs: Everything You Need to Know to Find, Refer and Work with a Professional Employer Organization

Sep 21, 2021 | 02:00 PM EDT View Details

Accounting & Tax Implications of Accounting Changes & Errors

Sep 21, 2021 | 02:00 PM EDT View Details

IRS Representation Series - Reducing IRS Assessments for Interest & Penalties

Sep 21, 2021 | 02:30 PM EDT View Details

How to Make it Easy for Clients to Work with Your Accounting Firm

Sep 21, 2021 | 03:00 PM EDT View Details

Demystifying the Magic of Deferred Taxes

Sep 21, 2021 | 03:00 PM EDT View Details

Products and Services Subject to Sales Tax

Sep 21, 2021 | 03:30 PM EDT View Details

Auditing for Corruption

Sep 21, 2021 | 03:30 PM EDT View Details

Excel’s Data Validation Tools - keep out bad data from the start

Sep 21, 2021 | 03:30 PM EDT View Details

SOX Internal Controls For Accounts Payable, Receivable & Inventory

Sep 22, 2021 | 09:00 AM EDT View Details

S-Corp Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis

Sep 22, 2021 | 09:00 AM EDT View Details

Updates to Significant GAAP Topics

Sep 22, 2021 | 09:30 AM EDT View Details

Course Description

Generally speaking, contractors owe sales tax when buying materials to be incorporated into real property. Sales tax is generally imposed on the “ultimate consumer.” The ultimate consumer is usually the last person to purchase and use the item. In the construction or improvement of real property, the contractor usually is considered the ultimate consumer of the tangible personal property incorporated into the reality. Contractors are generally not resellers of materials incorporated into the real property; they are considered users and consumers of materials purchased for a job. However, the type of contract can change the tax implications. 

This online CPE webinar covers major topics:

  • Who is a contractor? 
  • When does a contractor need to charge sales tax? 
  • What is a capital improvement? 
  • What are repair and maintenance? 
  • Does a contractor have to pay tax on its materials? 
  • What is a material man? 
  • Are installation, disassembly, or delivery charges taxable? 
  • Do I need to charge sales tax if I sell just materials? 
  • What exemption certificates do I need? 
  • Is carting or waste removal taxable? 

Learning Objectives

  • To explain who the government defines as a contractor
  • To discuss the sales tax responsibilities of contractors
  • To discuss the need to pay sales tax on materials
  • To examine the exemptions that apply to contractors

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

Array
(
    [average] => 4.5399
    [no_of_record] => 163
)
 

4.5

(163)
61%
33%
5%
1%
0%

MS

Great

ML

Again I Learned.

BAA

Expanding my tax knowledge through education.

MB

good

AK

Great

VK

I love these informative webinars on a variety of topics.