Sales Tax in the Post Wayfair Environment

Course Details

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Course Description

States have long tried to force out-of-state businesses to collect sales tax but were stymied by Supreme Court rulings that required businesses to have some type of physical presence in a state before being required to collect the tax. States actively stretched the definition of physical presence to create a workaround. This has led to a confusing web of nexus rules that continues to become more complex. 

In June of 2018, the Supreme Court of the US ruled in favor of the state in South Dakota v. Wayfair. In this ruling, the SCOTUS removed the long-standing physical presence requirement and allowed South Dakota to impose nexus if a business’s sales exceeded a dollar amount or a certain number of transactions. Since this ruling, all but a few sales tax states have put similar requirements in place. These so-called, economic nexus thresholds do not replace traditional nexus but add another layer of complexity.
Because of economic nexus, many businesses have to determine if they have nexus in states they never thought much about. If they have nexus, they need to determine if their product is taxable and set up systems to collect and remit the tax. Businesses that have traditionally only filed sales tax returns in 1 or 2 states may suddenly need to collect in dozens of states.

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

  • To recognize the traditional physical presence of the nexus
  • To identify the states expansion of physical presence
  • To recall South Dakota v. Wayfair
  • To identify product or service taxability issues
  • To recognize the complexities of multi-state tax collection and remittance.

About Presenter

Jack Schmoll, CPA

Managing Director, Schmoll CPA PLLC

jschmoll@schmollcpa.com

Jack provides only on state and local tax services. He uses his deep knowledge and broad experience to help taxpayers and other CPA firms.
I have worked exclusively in state and local taxation for 27 years, 18 in public accounting and nine with the Washington State Department of Revenue. I have very deep state tax knowledge and have assisted clients with issues in all 50 states and the District of Columbia. ​
Over my career I have had the opportunity to work with a wide variety of industries including:
  • Manufacturers
  • Software
  • High technology
  • Online retailers
  • Wholesalers/distributors
  • Healthcare
  • Professional services; and
  • Nonprofits
I have been able to consistently provide my clients with high quality, high value services by developing a deep understanding of their businesses.
Educating my clients is a key focus. My goal is to give clients the tools to identify state and local tax issues and opportunities as their business evolves.
Educating fellow accountants is also a passion. I am regularly asked to be a speaker at various tax seminars by the NCACPA, Lorman Education Services, and by other CPA firms.
​​I am an avid runner and I am actively involved with the North Carolina Association of CPAs.

Schmoll CPA PLLC provides a full range of state and local tax services to businesses, individuals, and other CPA firms. Since we do not perform any federal tax work or perform any attest functions, we are laser focused on state and local tax issues. This focus has allowed us to gain a deep understanding of the nuances that make state and local taxation so difficult.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.6
(245)
67%
27%
6%
0%
0%
  • AB
    Alex Barber , EA
    Feb 19th 2020
    This was a great presentation and covered all the aspects of sales taxes. Great presenter.
ES
Eric Schwartzman , Attorney
More state and local tax focused programming.
MB
Melvin Bernard
Na
MB
Michael Bonaventure , ACCT./BK, CPA
Great
AD
Ann Dominick , CPA
Great Presenter. Really Filled In The Basics On Why Sales Tax Has Changed. Great Material And Take Away Presentation.
LK
Leanna Krause , CPA
Interesting court case examples.

NASBA Approved

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

IRS Approved

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MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

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MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

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  • Cost FREE
  • CPE Credits 1.5
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00118-20-O
  • CTEC Course ID 6273-CE-0131
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Enrolled Agent Tax Practitioners Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm Tax Pros Tax Firm Young CPA CPA in Business Entrepreneurial CPA Tax Accountant (Industry) Accounting Practice Owners Chief Accounting Officer Tax Managers Tax Preparer Staff of Accounting Firm
  • Handout Material Download

upcoming Live CPE Webinars

QBO Running reports - Information, Analysis & Better Decision
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
Understanding Fraud, The Basics
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
Payroll Fraud Information and Discussion
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, October 26, 2020 | 10:00 AM EDT View Details/Register
Corporate External Financial Reporting Decisions
Monday, October 26, 2020 | 10:00 AM EDT View Details/Register
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Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
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Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
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Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
Mastering QBO For Accountants - Techniques,Tips & Tricks, Advance Learning
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
Advance IRS Learning: Multiyear Non-Filing, Criminal Investigation, Voluntary Disclosure, Whistleblower Claims etc.
Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
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Monday, October 26, 2020 | 01:00 PM EDT View Details/Register
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