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Sales Tax Collection obligations for SaaS providers

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CRTP

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

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

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 online CPE 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

Recommended For

  • This Online Continuing Professional Education webinar is recommended for any Tax Professionals and their Staff Members who want to service the needs of Software-as-a-Service providers.
  • This Online CPE/CE IRS-approved Taxes webinar is recommended for the CPAs, EAs, CVAs, CFEs, Tax preparers, and any staff member who wants to specialize in servicing the needs of Software-as-a-Service providers.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounts Director
  • California Registered Tax Professional
  • Cloud Accountants
  • Cloud Firms
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00175-20-O)
  • 1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00175-20-O)
  • 1 CPE Credit for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0187)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-00175-20-O)

Presenter

About Presenter

Richard Fry

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.

About Company

Buckingham

www.bdblaw.com/

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.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.6

430 Ratings

Excellent

274

Very Good

134

Average

20

Poor

1

Terrible

1

CF

Chrishanthi Fernandopulle, EA

Jan 10th, 2022

this course met my expectation, thanks

JS

Julie Sholler, EA

Nov 10th, 2021

I wish the abbreviation SaaS was explained sooner.

DS

Donna Sherritt, Tax Pros

Nov 10th, 2021

Very informative. Instructor was knowledgeable and easy to understand.

MB

Marsy Bassari, CPA (US)

Aug 10th, 2021

Very helpful information

SKEB

Sydney Klyde Edgar Banares

Aug 9th, 2021

The presentation was great!

Sales Tax Collection obligations for SaaS providers

FREE

1 Credit

Subject Area

Taxes

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