Sales Tax Liabilities Of Manufacturers | CE Credit Online

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Course Description
Course Qualification
Presenter
Faq

Course Description

Overview

Sales Tax vs. Use Tax

2 mins
Manufacturers

11 mins
Compliance

38 mins
Exemption Certificates

46 mins
Refunds

47 mins

Course Description

The manufacturing industry is an enormous sector in the United States as it provides jobs and boosts the economy, but are you aware of the varying Sales Tax Laws that come along with being a manufacturer?

Most states provide some kind of sales tax exemptions to manufacturers. Raw materials, machinery and equipment, and wrapping and packaging are common sales tax exemptions for manufacturers. In many states, raw materials are exempt to manufacturers when they are used and consumed in the manufacturing process and the product is later sold to a customer. Additionally, the machinery and equipment that are used to manufacture the raw materials from start to finish tend to be either taxed at a reduced rate or not taxed at all.

This Online CPE Webinar covers following Key Topics:

What is a manufacturer?
What special exemptions apply to a manufacturer?
What is a research and development company?
What special exemptions apply to research and development?
What sales tax rules apply to printing companies?
Do guard services have to charge sales tax?
Can guard services accept exemption certificates?
How is software taxed?
Do caterers need to charge sales tax?
Do medical practices need to worry about sales tax?

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Learning Objectives

To explain who the government defines as a contractor
To identify the sales tax responsibilities of a manufacturer
To discuss various types of service businesses and how various exemptions apply to each of them

Recommended For

This online CE IRS approved webinar is recommended for CPAs, EAs, AFSPs, and Other Tax Professionals engaged in advising clients about sales tax issues

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
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

Course Qualification

Webinar Qualifies For

1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00409-21-S)
1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00409-21-S)
1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
1 CPE Credit for Certified Fraud Examiner (CFE)
1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
1 CE Credit of Taxes for Annual Filing Season Program (AFSP)

Presenter

About Presenter

Mark Stone

Managing Partner 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.

About Company

Sales Tax Defense LLC

www.salestaxdefense.com/

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.

Faq

FAQs content

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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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