Understand SALT Compliance, Economic Nexus, Wayfair Case in the New ERA of E-Commerce

4.2 (13)

Nicholas Preusch, CPA

YHB | CPAs & Consultants

Thursday, March 18, 2021 | 03:00 PM EDT

  • AFSP
  • CPA
  • CVA
  • EA
  • Tax Preparer
  • CTEC
  • CFE
  • CMA

1 Credit

$10

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 Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers

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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Additional Dates

May 19, 2021 | 09:30 AM EDT Register

Course Description

The US economy is changing quickly and as it changes, we see businesses grow and expand their markets into other states.

On June 21, 2018, in a 5-4 decision, the U.S. Supreme Court decided South Dakota v. Wayfair, Inc., a landmark case concerning sales and use tax nexus standards.

Last year, the South Dakota Supreme Court held that a law requiring certain remote sellers to collect sales tax on sales made in the state was unconstitutional because it violated the physical presence requirement for sales and use taxes under Quill Corp. v. North Dakota and its application of the Dormant Commerce Clause. The decision effectively prevented states from collecting any sales tax from retail purchases made over the Internet or other e-Commerce route unless the seller had a physical presence in the state

The Court’s decision will have a significant impact on businesses across many industries that sell products or services in multiple states. Although e-commerce is first-of-mind with this ruling, its decision will affect many more industries, businesses and customers

As companies grow, practitioners and professionals need to be aware of SALT issues and how they impact their clients. This CPE webinar will focus on the major SALT issues that a client will look at. We will also look at the Wayfair case and how that has changed the sales tax world across the US.

Learning Objectives

  • To identify static vs rolling conformity
  • Be able to guide clients through complex SALT issues
  • To recognize the impact of Wayfair on businesses
  • Identify nexus issues
  • To identify the importance of factor presence issues

Who Should Attend?

  • Bookkeeper
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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    [average] => 4.2308
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4.2

(13)
46%
31%
23%
0%
0%

SR

This class provided a comprehensive overview of the sales tax compliance structure in the US along with the Wayfair case in the current era. I would recommend this class as a refresher and to all who are new to sales tax issues.

AG

The information provided by Nicholas was very insightful. The examples which he discussed in this webinar helped me better understand the topic.

MM

Excellent presentation on a difficult area to control dealing with nexus regulations. Tracking sales tax from various states without proper tech programs is a very risky & difficult task.

MB

This was not a great webinar. It was very flat and the slides were boring and flat as was the instructor