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Sales Tax Overview: Determining The Tax Base And Common Exemptions

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Before starting this self study program, please go through the instructional document.

Overview

  • Sales & Use Tax Background
    3 mins
  • Exemption Certificate Rules to Know
    13 mins
  • SSUTA Exemption Certificate Rules
    16 mins
  • Tax Base
    22 mins
  • Manufacturing Exemption
    29 mins
  • Casual Sale Exemption
    41 mins

Course Description

The sales tax system in the U.S. is anything but simple. With 45 states (and Washington, D.C.), over 10,000 sales tax rates, and a whole lot of variability, it can be tough for retailers to make sense of U.S. sales tax.  

Sales & use tax is a quagmire for many multistate businesses, as the rules governing the tax base and exemptions vary significantly amongst states. The task of identifying states in which sales and use tax compliance is required and how to apply each state’s tax may seem daunting, but it’s not impossible. The exposure faced by those who are unable to comply can be severe.

This webinar will help businesses navigate those sales & use tax complexities, focusing on what business purchases are subject to tax and how to maximize potential exemptions. This webinars will also explain why U.S. sales tax is so complex, and helps you demystify it. Attendees will learn about common sales tax exemptions for manufacturing businesses and the resale of tangible personal property. Further, as states struggle to meet tax revenue demands, more and more services are becoming subject to tax, especially services sold to businesses.

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Learning Objectives

  • Determining when and where sales or use tax obligations exists
  • The scope of common exemptions for various businesses, including manufacturers, telecommunication providers, and public utilities
  • Sales tax applied to “business inputs” such as software-as-a-service, research / consulting services, and employment services
  • How to properly document exemptions and protect your business in the event of an audit
  • Using voluntary disclosure agreements and amnesty programs to absolve past tax delinquencies and facilitate future compliance

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA