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

Sales Tax Collection obligations for SaaS providers

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC
Sales Tax Collection obligations for SaaS providers

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-00175-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0187)

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-00175-20-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00175-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

A recent Supreme Court case and related law changes in many states have resulted in significant new state sales tax obligations on many SaaS providers. It’s important to understand that these changes could result in new tax collection responsibilities on your business even in states where you have operated without them in the past. These changes mean that SaaS providers may now be required to collect and remit sales taxes in states where they have operated for years without any obligation.

If your business crosses the economic nexus threshold in a state that imposes sales tax on services, you will need to bill your clients for those amounts and remit them to the state. In fact, you’ll need to start tracking your transactions in the state from the outset in order to know when you cross a threshold that triggers a sales tax obligation. 

This course will examine the ramifications economic nexus has had on providers of Software-as-a-Service (SaaS). Service providers face significant burdens in determining which services are subject to tax due to the varying definitions of taxable services amongst states. As the number of businesses delivering their services through the Internet grows, states will continue to consider SaaS as a potential for expanding the tax base and increasing revenue.

Learning Objectives

  • To identify when and where sales tax nexus exists
  • To identify which states impose sales / use tax on SaaS and other web-based services
  • To identify the Exemptions available for sales to certain customers and how to properly document exemptions
  • To recognize how voluntary disclosure agreements and amnesty programs can absolve past tax delinquencies and facilitate future compliance

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounts Director
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Young CPA

Testimonial

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MB

Very helpful information

SKEB

The presentation was great!

MG

Great content with knowledgeable speaker.

MA

love it

VS

Great webinar

RV

The horse was very good. I thought I learned a lot and he was very good at explaining the information.