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

Sales Tax Collection Obligations For SAAS Providers

5 (1)

Richard Fry

Buckingham

  • AFSP
  • CFEs
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC

Published: June, 2021

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 )

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Oregon Tax Preparers

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/Use Tax General Background
    5 mins
  • Expansion of Sales Tax Collection Obligation
    12 mins
  • Electronic Information Services
    20 mins
  • Other Approaches
    29 mins
  • State Tax Registration
    42 mins
  • Voluntary Disclosure Programs
    51 mins

Course Description

A recent Supreme Court case and related law changes in many states have resulted in significant new state sales tax obligations on many SaaS providers. It’s important to understand that these changes could result in new tax collection responsibilities on your business even in states where you have operated without them in the past. These changes mean that SaaS providers may now be required to collect and remit sales taxes in states where they have operated for years without any obligation.

If your business crosses the economic nexus threshold in a state that imposes sales tax on services, you will need to bill your clients for those amounts and remit them to the state. In fact, you’ll need to start tracking your transactions in the state from the outset in order to know when you cross a threshold that triggers a sales tax obligation. 

This online CPE course will examine the ramifications economic nexus has had on providers of Software-as-a-Service (SaaS). Service providers face significant burdens in determining which services are subject to tax due to the varying definitions of taxable services amongst states. As the number of businesses delivering their services through the Internet grows, states will continue to consider SaaS as a potential for expanding the tax base and increasing revenue.

Click to access more webinars on Latest Tax UpdatesTrust, Estate and Financial Planning

Learning Objectives

  • To identify when and where sales tax nexus exists
  • To identify which states impose sales / use tax on SaaS and other web-based services
  • To identify the Exemptions available for sales to certain customers and how to properly document exemptions
  • To recognize how voluntary disclosure agreements and amnesty programs can absolve past tax delinquencies and facilitate future compliance

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Bookkeepers & Accountants & Tax Preparers
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

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