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Course Details

Overview of Topics

  • An overview of Sales Tax - Why sales tax is complicated and hard?3 mins
  • Sales Tax Nexus and the activities creating sales tax nexus8 mins
  • Key factors for determining rates you have to pay in Tax Calculations11 mins
  • Benchmark Case - South Dakota vs. Wayfair, Inc.14 mins
  • Economic Nexus – an understanding and FAQs20 mins

Course Description

Your company or client’s company is responsible for collecting and remitting sales tax on behalf of your customers for all taxable sales in the United States. This can be a daunting task with over 12,000 taxing jurisdictions. Deciding which product or service is exempt when to collect sales tax, and when to collect use tax is confusing and difficult. Processing returns to the right places at the right time is critical to be in full compliance with the state audit board.

Learning objectives

  • How nexus affects sales tax collection.

About Presenter

Matt joined Avalara in 2014 as a sales associate – he has recently joined the SMB Team as Director of Sales where he assists small business owners with their compliance needs. Matt lives in Raleigh and holds a degree in Human Relations from High Point University.

Avalara helps businesses of all sizes achieve compliance with transactional taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers comprehensive, automated, cloud-based solutions that are designed to be fast, accurate, and easy to use. We automate and simplify governmental compliance processes, including tax determination, exemption certificate management, and tax return preparation, filing, and remittance. Avalara’s Compliance Cloud™ platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world. Avalara offers more than 500 hundred pre-built connectors into leading accounting, ERP, e-Commerce and other business applications making the integration of tax and compliance solutions easy for customers. Each year, the company processes billions of indirect tax transactions for customers and users, files more than a million tax returns and other compliance documents.

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:35
  • Question 3 : 00:53
  1. Which one of the following represents the nexus creating activities?
  2. Which is the Avalara Service that ensure management of exemption or reseller certificate?
  3. Which one of the following describes the details as to how Avalara ensures you calculate correct sales tax amount?
  1. Which one of the following is the number 1 reason in the opinion of the speaker for individuals to fails the Sales Tax Audit?
  2. Conventionally _______% of times the tax is derived from the ship to address.
  3. Which rule did the South Dakota vs. Wayfair, Inc. removed from the sales tax law?
  4. Which one of the following states have the additional taxes for which the Amazon is not responsible for even in the FBA facility?
  5. Which states the speaker mentioned as concerned stated for making sure your client’s exemption certificates are not expired?

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.6
(53)
66%
28%
4%
2%
0%
  • BQ
    Brian Queen , CPA
    Mar 19th 2020
    Great webinar
JD
John Doe , ABV, AFE, CFE, CGA, , CPA, CFP
dummy text lorem ipsum
AR
Abigail Reetz , CPA
Incorrect Handout Material attached

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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  • Cost FREE
  • CPE Credits 1
  • Subject Area Computer Software and Applications
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date March 05 ,2020
  • Published Date March 05 ,2020
  • Who should attend? Enrolled Agent Finance Pros Tax Practitioners Bookkeeper Accountant CFO/Controller Xero Advisor QB Pro Advisor CPA - Small Firm CPA - Mid Size Firm Accounting Firm Tax Firm Young CPA Entrepreneurial CPA Outsourced CFO
  • Handout Material Download

On-Demand Webinars

Move up a Grade: Revision Guide
Monday, May 18, 2020 View Details/Register
Knowledge Performance Indicators (KPIs) for SMEs
Wednesday, May 13, 2020 View Details/Register
Business Performance Management
Wednesday, May 13, 2020 View Details/Register
The Theory of Constrainst and Lean Accounting
Tuesday, May 12, 2020 View Details/Register
THE MATHEMATICS OF ESTATE PLANNING FOR IRAS AFTER THE SECURE ACT
Friday, May 08, 2020 View Details/Register
The Accountant's Guide to Climate Change
Friday, May 08, 2020 View Details/Register
Professional Ethics for Accountants
Thursday, May 07, 2020 View Details/Register
Nebraska Ethics Principles and Conduct for CPAs
Friday, April 17, 2020 View Details/Register
MONTANA Ethics Principles and Conduct
Friday, April 17, 2020 View Details/Register
Massachusetts Ethics Principles and Conduct
Friday, April 17, 2020 View Details/Register
Maryland Ethics Principles and Conduct
Friday, April 17, 2020 View Details/Register
Executive Overview of Revenue Recognition (Topic 606) Exploring Both the Accounting & Tax
Wednesday, May 06, 2020 View Details/Register
Principles of Financial Statement Presentation
Wednesday, May 06, 2020 View Details/Register
Data Analysis 101 - Getting to the heart of performance data
Monday, May 04, 2020 View Details/Register
Performance Measurement
Thursday, April 30, 2020 View Details/Register