CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Multistate Sales Tax Collection – Nexus considerations and Exemption certificate compliance

4.5 (268)

Richard Fry

Buckingham

Thursday, July 23, 2020 | 02:00 PM EDT

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

1 Credit

FREE

Subject Area

Taxes

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 Firm
  • Accounting Practice Owners
  • Business Owner
  • CEO
  • 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
  • Outsourced CFO
  • QB Pro Advisor
  • Risk Managers
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer

Testimonial

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(
    [no_of_record] => 268
    [average] => 4.5299
)
 

4.5

(268)
60%
33%
6%
0%
0%

BK

Enjoyed the understandable and informative webinar!

MP

Highly recommend!

LD

The instructor was very easy to understand, spoke clearly and concisely, and provided excellent examples to help apply the knowledge. Also, he reminded me of comedian Jim Gaffigan in appearance.

JT

Love it

AK

good experience

CED

myCPE platform work fine by live webinar viewing.