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Course Level :Basic
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Credits :4
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
Taxes are widening their scope continuously. Especially with nexus barriers continuing to get knocked down, businesses are continued to be subject to more taxes in a number of states. For instance, the sales tax system in the U.S. is complex. With numerous states, numerous sales tax rates, and a whole lot of variability, it is tough for retailers to make an efficient application of the U.S. Sales Tax. Especially the pass-through entities and their owners face difficulties - to identify where businesses and owners are required to pay and file state and local taxes - in the ever-changing morass of state tax laws and administrative policies governing nexus. This webinar attempts to demystify the sales tax system. It also avails much-needed practical advice for tax practitioners serving small & mid-size business clients.]
Tax professionals must recognize how states expand, demand, and open new and broader tax pipelines to avoid any unintended tax implications for noncompliance. This online CPE course examines where businesses are subject to state taxes and how to minimize compliance burdens. It will also help the attendees explore which states conform to federal income tax provisions and where decoupling exists.
The sales tax system in the US is complex. Therefore, identifying states in which the sales and use tax compliance are required, and how to apply state-wise tax is daunting. Inability to comply with the requirements attracts severe exposure to penalties. This course helps navigate the complexities, focusing on identifying the business purchases subject to tax and maximizing the potential of getting exemptions. This course will explore business exemptions for the manufacturing and resale of tangible personal property.
This course will examine where businesses are subject to business activity tax and how to minimize compliance burdens. The attendees will learn which states conform with federal income tax provisions and where decoupling exists.
The U.S. Supreme Court has decided several state & local tax cases recently which will shape the SALT landscape for decades to come. Apart from the Court’s holding regarding state sales & use tax collection for retailers, this decision has also changed the nexus landscape for other types of direct state taxes - at least in conjunction with state threshold legislation - including net income taxes, for service providers, manufacturers, wholesalers, and retailers. These rulings cover expanding sales tax collection for e-commerce businesses, restricting state income taxes imposed without a sufficient connection with the state, and protecting taxpayers against discriminatory taxes.
Richard Fry and Steven Dimengo, partners at Buckingham, delve deep into the subject in this CPE course on State and Local Taxes. It Covers the following Key topics:
This Business Entity Tax webinar will focus on providing practical advice for tax practitioners serving small & mid-size business clients.
If you are looking for a certified course on sales and use tax then click here: Sales and Use Tax Fundamentals.
This IRS-Approved CE course for CPAs is recommended for EAs, AFSP, Tax Prepaspers, and other Tax Professionals desiring to learn everything about state and local tax.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Partner, Buckingham
I am a business tax attorney who provides clients with trusted advice concerning significant transactions, tax planning, and difficult challenges encountered in their daily operations. My practice is focused on state and local tax compliance and controversies, including Ohio and multistate sales/use tax, commercial activity tax, and personal income tax issues. Additionally, I represent client in negotiating and drafting agreements for commercial and real estate transactions, and in federal income tax controversies with the Internal Revenue Service.
Because of my tax background, I often advise clients on the business and tax implications related to their corporate structure and significant transactions. I take pride in understanding my clients' business needs and objectives so I can help them achieve their goals in the most beneficial, yet practical, manner.
Also, as former Chair of the Ohio State Bar Association Taxation Committee, I have been asked to present my opinion concerning tax laws and policy to Ohio legislatures on behalf of the Bar Association. These opportunities have given me invaluable insight into the legislative process and the practical considerations that mold tax policy.
Buckingham,
Doolittle & Burroughs, LLC is a corporate law firm that counsels
middle-market executives and business leaders all over Ohio and beyond. With
offices in Cleveland, Akron and Canton, Ohio, Buckingham offers clients
sophisticated and practical legal services. Serving the region for more than
100 years, Buckingham’s mission is to deliver meaningful experiences through
the practice of law, exceed expectations in terms of service, counsel and
business sense, and to offer continuous value to the industries, communities
and clients they serve.
22 Ratings
RC
Jul 1st, 2022
Great content. Very clear communication and explanation.
CS
Jun 30th, 2021
Lots of repetition among 4 sessions. Good information overall . More examples from different states, too many Ohio examples.
PR
Jun 30th, 2022
In this four hour seminar the same material that was presented in the first hour or so was repeated over the last couple hours & the survey questions were also repeated.
4 Credits
Subject Area
Aug 22, 2022 | 09:00 AM EDT
Aug 22, 2022 | 10:00 AM EDT
Aug 22, 2022 | 10:00 AM EDT
Aug 22, 2022 | 10:00 AM EDT
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