CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Multistate Tax Update: Nationwide nexus expansion & significant compliant developments for vendors

4.4 (125)

Richard Fry

Buckingham

Thursday, August 05, 2021 | 03:00 PM EDT

  • AFSP
  • CMA
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC
  • CFE

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00563-21-O)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0541)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00563-21-O)

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit for Certified Fraud Examiners (CFEs)

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

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00563-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00563-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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This Course is Also Available in Self Study (On-Demand)

Click Here

Course Description

The U.S. Supreme Court's decision in South Dakota v. Wayfair drastically changed the rules governing when a state could require an out-of-state business to comply with its sales tax laws. In response, nearly every state that imposes a general sales tax has enacted new rules to adopt and impose an “economic nexus” standard for sales tax compliance purposes. And while the concept of “economic nexus” has been around for several years in the corporate income tax world, this concept now permeates and has broadened nearly all aspects of tax compliance. During this online continuing education course, we’ll discuss the significant overlap, as well as the stubborn distinctions, between nexus rules for income tax and sales tax purposes. And we will review key recent developments in multistate income and sales tax compliance.

Beyond sales tax collection, states are facing revenue shortfalls from the pandemic and becoming more aggressive in enforcement of other taxes as well. Multistate businesses face substantial complexities with understanding where and which states taxes they must comply with. 

This online CPE/CE Course will examine these complexities to help you identify where state tax obligations exist and potential avenues for minimizing compliance burdens.  

Key topics covered in this online CPE/CE webinar:

  • Sales Tax: Wayfair, a Practical Approach
  • Sales Tax: Marketplace Providers and Multistate Sourcing Rules
  • Corporate Income Tax & Telecommuting in this Changed Landscape
  • Nexus, UDITPA, MTC
  • Calculation of state taxable income
  • Filing methods for multistate taxpayers
  • Apportionment and allocation
  • Multistate income tax planning

The online CPE webinar will be very helpful for CPAs, EAs, and other tax professionals as they will gain invaluable guidance on advising clients.


You may be interested in the following related webinars:
  1. Business tax webinars
  2. Individual tax update webinars

Learning Objectives

  • To determine where sales tax nexus exists and how to comply with multistate sales tax collection obligations
  • To evaluate when other state businesses are subject to taxes outside their home state
  • To discuss when services are subject to sales tax, especially for providers of Software-as-a-Service and web-based services
  • To discuss various cutting edge planning opportunities to avoid or minimize state tax obligations
  • To elaborate how voluntary disclosure agreements and amnesty programs can absolve past tax delinquencies and facilitate future compliance

Who Should Attend?

  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Fraud Examiner
  • Certified Management Accountant
  • Certified Valuation Analysts
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Professionals

Testimonial

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(
    [no_of_record] => 125
    [average] => 4.4320
)
 

4.4

(125)
53%
38%
10%
0%
0%

BK

Great sales tax update!

KG

Fantastic webinar! Both instructors were knowledgeable, clear and concise. Volumes of information provided.

TB

I appreciate the presenters taking time to share their expert knowledge on taxes.

AH

It was flawless. The presenters were engaging and responsive to questions.

RL

good details on a complicated topic

JK

I was logged in 15 minutes prior and suddenly at 2:30 EST speaker was talking caught me off guard. I felt session had already started prior to 2:30. not sure if I missed anything. Speaker was not effective.