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Sales Tax vs. Use Tax1 mins
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Contractors12 mins
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Compliance29 mins
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Exemption Certificates42 mins
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Refunds43 mins
Published: June, 2021
Generally speaking, contractors owe sales tax when buying materials to be incorporated into real property. Sales tax is generally imposed on the “ultimate consumer.” The ultimate consumer is usually the last person to purchase and use the item. In the construction or improvement of real property, the contractor usually is considered the ultimate consumer of the tangible personal property incorporated into the reality. Contractors are generally not resellers of materials incorporated into the real property; they are considered users and consumers of materials purchased for a job. However, the type of contract can change the tax implications.
This online CPE webinar the speaker Mark Stone, CPA covers the following major topics:
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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.
Accounting Manager, Sales Tax Defense LLC
Mark L. Stone is the Managing Partner of Sales Tax Defense LLC. He founded the firm in 2008. The firm specializes in Sales, Use and Transaction Taxes. Services include sales and use tax consulting, audit defense, settlement negotiation, and preparing and filing sales tax returns in multiple states. He represents companies and individuals before state taxing authorities and through the appeals process. Mark has testified as an expert witness in sales and use tax court cases as well as assisted attorneys and other accountants in their representation of clients in criminal investigations.
Mark began his career as a sales tax auditor for the New York State Department of Taxation and Finance. After gaining experience working for the State, he moved on to work at several prominent accounting firms such as Raich Ende Malter LLP and The Marcum Group LLP. In 2008, he decided to open his own firm solely focusing on sales and use tax. During this time, he was also an adjunct graduate school professor at Long Island University C.W. Post Campus.
Mark has written articles in several publications such as Long Island Business News, New York State Society of CPAs Nassau Chapter Newsletter, Daily News, and Long Island Pulse Magazine.
He is a frequent speaker for different organizations and has spoken for the New York State Society of CPAs, the Nassau County Bar Association, the Suffolk County Bar Association, as well as for various accounting firms and businesses.
Sales Tax Defense LLC is a boutique tax-consulting firm that only provides sales, use, and transaction tax advice. We are a dedicated team committed to helping accountants, attorneys, fellow professionals, businesses, and their clients understand and comply with the sales and use tax laws. When there is a sales tax problem, we work to quickly and cost effectively resolve the sales and use tax issue, and then provide guidance to help avoid similar problems in the future. When we are engaged or referred by a fellow professional, we respect the relationship that they have with their client. We work only to resolve the sales tax issue and return the client to that professional with an enhanced sense of confidence in them.
22 Ratings
DT
Jan 22nd, 2022
Great CPE
TT
Apr 29th, 2022
This webinar had some useful information in it regarding contractors.
WS
Jan 6th, 2022
Information was very useful.
JB
Dec 31st, 2021
The content was fine...once the website started working. I ended-up having to watch the full video TWICE because it kept crashing, and wouldn't let me answer the first review question and advance to the next two. Then, once I got through the video the first time, it wouldn't let me take the final quiz. At that point, I decided to try to log out and log back in, and I couldn't even do that! It's like all the links (except the MARKETING links, of course) were dead. 503 errors...563 errors...404 errors. And it would have been nice to know up-front, like every other cloud provider tells me, that it's basically unusable on (my company's forced default) Microsoft Internet Explorer...which I tried to use after I couldn't initially get Chrome working. I ended-up going back to Chrome, and ultimately succeeded. VERY FRUSTRATING! So far, I'm not at all pleased. I'm going to try one more self-study webinar. If I have the same type of problems, I'll be contacting you to cancel my subscription and demand a full refund.
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