SALES TAX LIABILITIES OF MANUFACTURERS AND OTHER SERVICE PROVIDERS

Mark Stone

Sales Tax Defense LLC

Thursday, April 15, 2021 | 11:00 AM EST

  • AFSP
  • CRTP
  • CPA
  • EA
  • ORTP
  • CFE

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

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

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

The manufacturing industry is an enormous sector in the United States as it provides jobs and boosts the economy, but are you aware of the varying sales tax laws that come along with being a manufacturer? 

Most states provide some kind of sales tax exemptions to manufacturers. Raw materials, machinery and equipment, and wrapping and packaging are common sales tax exemptions for manufacturers. In many states, raw materials are exempt to manufacturers when they are used and consumed in the manufacturing process and the product is later sold to a customer. Additionally, the machinery and equipment that are used to manufacture the raw materials from start to finish tend to be either taxed at a reduced rate or not taxed at all. 

Key topics included in the webinar: 

  • What is a manufacturer? 
  • What special exemptions apply to a manufacturer? 
  • What is a research and development company? 
  • What special exemptions apply to research and development? 
  • What sales tax rules apply to printing companies? 
  • Do guard services have to charge sales tax? 
  • Can guard services accept exemption certificates? 
  • How is software taxed? 
  • Do caterers need to charge sales tax? 
  • Do medical practices need to worry about sales tax? 

Learning Objectives

  • To explain who the government defines as a contractor
  • To identify the sales tax responsibilities of a manufacturer
  • To discuss various types of service businesses and how various exemptions apply to each of them

Who Should Attend?

  • Enrolled Agent
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Young CPA
  • Senior Accountant
  • Accounting Managers
  • Staff of Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers