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

Introduction To Sales Tax

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CTEC
Introduction To Sales Tax

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-00415-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0416)

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

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00415-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00415-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

Sales tax is a type of gross receipts tax imposed by most states on the sale of “tangible personal property” (such as computers, chairs, car parts, furniture, etc.) and certain services (such as information services, software services, etc.). Every state has a different set of rules that controls what types of items and services are taxed. Also, every state has different types of exemptions and exclusions from sales tax that favor some businesses and can be costly to others. 

Most business owners are unaware that even if you believe you are not required to collect sales tax, proper exemption paperwork from their customers should still be obtained. Also, most business owners are completely unaware of USE TAX being due on their nontaxable sales. 

To prevent out-of-state sellers from having a competitive advantage over in-state sellers, all states (that have a sales tax) impose a “use tax” on in-state purchasers. This use tax requires all purchasers (individuals and businesses) to pay use tax on any item normally subject to sales tax unless the applicable sales tax has already been paid. 

This online CPE webinar for CPAs covered key topics: 

  • What is use tax? 
  • What happens when an in-state vendor does not charge me sales tax? 
  • What happens when an out-of-state vendor does not charge me sales tax? 
  • What is my responsibility with use tax? 
  • How do I pay use tax? 
  • Are there penalties for not paying use tax? 
  • Am I personally liable for use tax? 
  • Is there a statute of limitations for the payment of use tax? 
  • What tax rate do I apply to use tax? 
  • What if I have never paid use tax before? 

Who Should Attend:

Professional or Staff Member Involved in preparation or review of Sales Tax & Use Tax

Business Owner 

Learning Objectives

  • To provide basic understanding about Use Tax
  • To discuss who is responsible for paying Use Tax
  • To explain how to compute and pay Use Tax

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

4.6

(389)
66%
29%
5%
0%
0%

KS

Excellent session and found Mark Stone to be very experienced and was very effective in his presentation.

LB

This was one of the more relevant trainings I have listened to. It was informational and not a sales pitch to use their services or software.

AG

Excellent presentation and platform!

DA

I was happy with the program

MS

Great experience. Very knowledgeable instructor.

GMJ

thanks!