Overview
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Sales/Use Tax General Background
5 mins
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Expansion of Sales Tax Collection Obligation
12 mins
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Electronic Information Services
20 mins
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State Tax Registration
42 mins
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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.
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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
Recommended For
- This Online Continuing Professional Education webinar is recommended for any Tax Professionals, and their Staff Members who wants to service the needs of Software-as-a-Service providers
- This Online CPE/CE IRS approved Taxes webinar is recommended for the CPAs, EAs, CVAs, CFEs, Tax preparers, and any staff member who wants to specialize in servicing the needs of Software-as-a-Service providers
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