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

Multistate Sales Tax Collection – Nexus Considerations and Exemption Certificate Compliance

Multistate Sales Tax Collection – Nexus Considerations and Exemption Certificate Compliance

1 Credit

$10

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-00158-20-S)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0170)

1 CE credit of Federal Tax Law for 2021 Annual Filing Season Certificate program( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00158-20-S)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00158-20-S)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Sales tax collection obligations following Wayfair
    6 mins
  • Registering and complying with for sales tax collection
    30 mins
  • Exemption Certificate Compliance
    36 mins
  • Challenges for service providers
    45 mins
  • Managing Exposure
    52 mins

Course Description

Following the seminal U.S. Supreme Court decision in South Dakota v. Wayfair, states are able to force remote vendors to collect sales tax. This course will examine the ramifications economic nexus has had on many large and small retailers that sell products via e-commerce. The new nexus landscape has caused businesses and their professional advisors to review and update their sales tax collection practices, including obtaining exemption certificates from many customers in states where never previously required. Additionally, it has created significant obstacles of the growing number of service providers that deliver their service through the Internet, as states differ substantially on if and how such services are taxed.

This webinar will help public accountants and those in the industry identify when nexus is created, the steps in determining the taxability of products and services, and the steps in complying with any new collection requirements.

Learning Objectives

  • Determining when and where sales tax nexus exists
  • Registering and complying with states collection laws
  • Updating and implementing an exemption certificate collection process for nontaxable sales
  • When services are subject to sales tax, especially for providers of Software-as-a-Service and web-based applications
  • How voluntary disclosure agreements and amnesty programs can absolve past tax delinquencies and facilitate future compliance

Who Should Attend?

  • Accountant
  • Accounting Practice Owners
  • Business Owner
  • CFO/Controller
  • Chief Accounting Officer
  • Compliance Managers
  • Compliance Officers
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • QB Pro Advisor
  • Risk Managers
  • Staff of Accounting Firm
  • Tax Attorney
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer

Testimonial

4.6

(74)
69%
20%
8%
3%
0%

KF

It was just enough information to explain what NEXUS is and how it works from state to state.