Sales Tax Jumpstart. October 4, CPE Credits
|
|
- Bennett Ellis
- 5 years ago
- Views:
Transcription
1 Sales Tax Jumpstart October 4, CPE Credits Presented by the Sales Tax Institute Speaker: Diane L. Yetter, Sales Tax Institute
2 Sales Tax Jumpstart September 13 to November 8, 2018 Before the Class: Please join the webinar 7 minutes before the scheduled time of the call for a prompt start. If you have never used Go To Webinar before please take time today to test your connection before your session here: If you have trouble logging on to GoToWebinar, please view the System Requirements: We are aware that some past users have had issues logging in using Internet Explorer or if they have an older version of Go To Webinar installed on their machine. If this is the case you can try uninstalling GoToWebinar and reinstalling or you might want to try an alternative browser. If you continue to have trouble logging on, please call in on the phone using the number and passcode provide in your log-in from GoToWebinar. You can follow the PDF materials which can be accessed at Day of Class: You will have received a personalized link for each class session to use to log into the webinar. Use this link and do not share the link with anyone else. It helps us monitor attendance and gives us the ability to assist you if there are technical issues. You will be able to listen to the webinar either through your computer or via a telephone connection. This information will also be in your personalized . If you have not received the dial in information, please contact us immediately at info@salestaxinstitute.com for assistance. If you have technical difficulties during the webinar, you will be able to chat online with our technical support through the Go to Webinar application. If you cannot log into Go To Webinar, please call our office at x3 for immediate assistance or info@salestaxinstitute.com. Please be aware that it is a violation of our copyright to record the class sessions. CPE Information: Webinar attendees can earn 2.4 hours of CPE credit in the Taxes field of study for today s session. During the webinar, we will use polling questions throughout the scheduled presentation time. In order to receive CPE credit, you will need to participate in the polling questions. After the webinar, you will receive an from newsletter@salestaxinstitute.com containing a link to complete a webinar evaluation form. To receive CPE credit, you will need to complete the evaluation form online and have participated in the polling questions.
3 The Sales Tax Institute 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: Other Sales Tax Institute Courses and Webinars Please visit for more information on the Sales Tax Institute s live and online course offerings and webinars. The following webinars and live courses are currently scheduled. Visit for additional details and registration and additional offerings. Live Webinars: October 22, 2018 Sales Tax Issues for Retailers After Wayfair November 28, 2018 Manufacturing Sales Tax Exemptions That'll Save December 20, Construction & Real Property Sales Tax Deep-Dive Webinars On-Demand - available anytime: Sales Tax 101 Basic Concepts of Drop Shipments Sales Tax for E-Commerce Effective Audit Defense Techniques Sales Tax Challenges with Services Save Time & Eliminate Guesswork with Effective Tax Research
4 Diane L. Yetter, CPA, MST Diane L. Yetter is a strategist, advisor, speaker and author in the field of sales and use tax. She is president and founder of YETTER TAX, a sales tax consulting and tax technology firm in business since She is also the founder of The Sales Tax Institute, a premier think tank that offers live and online courses to educate business professionals about sales and use tax. Diane works with an extensive network of capable partners to deliver a variety of sales tax services ranging from tax technology to tax policy and planning and training. She works with clients of all sizes from Fortune 10 to small, family-owned companies in a variety of industries. She is a Certified Implementation Partner and Trainer with Thomson Reuters ONESOURCE Indirect Tax, a Certified Training and TDM Specialist for Vertex, Inc. and a Business Partner of Avalara and VertexCloud. As a speaker, Diane is frequently asked to present to industry groups concerning sales and use tax issues including the Council on State Taxation (COST), Chicago Tax Club, Diversified Communications (IOFM and Accountex), the Institute of Professionals in Taxation (IPT), National Association of Credit Managers (NACM), National Association for Retail Marketing Services (NARMS), Vertex User Conference, Thomson Reuters User Conference, and Avalara. As an author, Diane has written articles concerning sales and use tax issues; was editor for the edition of the Information Technology Association of America Software & Services State Tax Report and authored Drop Shipments: Taxation, Compliance and Planning and Multistate Guide to Sales and Use Tax: Manufacturing, both published by CCH. She also is the author of the US Sales Tax Chapter for the IBFD VAT Worldwide Research Database. Diane provides answers to sales tax questions on the website She has also appeared as an expert witness. Diane is a member of the AICPA, Illinois CPA Society, Chicago Tax Club, Chicagoland Chamber of Commerce Taxation Committee, Taxpayers Federation of Illinois and the Institute of Professionals in Taxation. She is a member of the Practitioner Connection with the Council on State Taxation, and represents client concerns on a number of task forces. Diane was named in Accounting Today s 100 Most Influential People in Accounting for 2011, 2012, 2017 and Diane serves on the KU Endowment Association s Board of Trustees and is a Past Chair of the Dean s Board of Advisors, University of Kansas School of Business where she is also an adjunct professor, teaching topics on state and local taxation and entrepreneurship. Diane earned a BS in accounting and business administration from the University of Kansas in 1985 and an MS in taxation from DePaul University in Prior to founding the company, Diane was a state and local tax manager in the Chicago office of Arthur Andersen LLP, the sales and use tax director for the Quaker Oats Company, and a sales and use tax auditor for the Kansas Department of Revenue.
5 Exemptions & Drop Shipments October 4, 2018 Copyright Sales Tax Institute 2018 Registration Homework Debrief 2 Copyright Sales Tax Institute
6 Exemptions 3 Introduction Collection required except when a jurisdiction s rules allow for sale to be made tax exempt Exemptions are based on: What is being sold Nature of the transaction How it is being used Who is the customer Careful examination of state laws must be made 4 Copyright Sales Tax Institute
7 Introduction (cont.) Keep in mind the seller s responsibility Seller responsible for proper classification of products Seller responsible for obtaining and maintaining documentation of nature of transaction Customer must document usage of items in exempt manner Customer must declare exempt status and provide documentation If documentation isn t captured, tax liability can become seller s responsibility at time of audit 5 Introduction (cont.) Multi Jurisdictional Certificates Multistate Tax Commission Certificate onew version as of 1/22/18 ohttp:// Sales Use Tax Exemption Certificate Streamlined Sales Tax Certificate orevised 5/10/17 for use 1/1/18 ohttps:// certificate 6 Copyright Sales Tax Institute
8 Introduction (cont.) Certificate issues Blanket vs. single use o Single applies only to the specific identification (PO, Project, Transaction) Purchase order in lieu of exemption certificate o States that are flexible in format of the certificate as long as all required language and a signature is included Good faith o To what extent is the seller required to make inquiry as to the validity of the exemption Paper vs. imaged o Imaged acceptable as long as image can not be modified and is readable 7 Introduction (cont.) Electronic certificate o Data may be acceptable in some states on transactions where certificate is not practical (e commerce, POS, EDI) Registration / exemption number o Most certificates require a number of some sort; some such as manufacturing may not o Validation of the number may be required o Always confirm the correct format of the number Renewal period o Renewals may be based on date issued to seller but exempt orgs may be based on date exemption was granted o Retain prior certificates until audit period closed o CCH Charts (Tools) 8 Copyright Sales Tax Institute
9 Introduction (cont.) Certificate Required Elements Name and address of purchaser (much match name on invoice) Name and address of seller Registration number of purchaser Description of property purchased Reason for exemption Statement that if the property is put to use in a taxable manner that the purchaser will remit the consumer s use tax Date and Signature of authorized individual at the purchaser Copy of license is generally not a valid certificate but could be exceptions (MS) 9 Type of Transaction Resale Wholesale, Distributor, or Retailer purchases Items used in production of other goods Packaging Resale certificates Interstate Commerce Origin state offers exemption Destination state Use tax Exemption documentation 10 Copyright Sales Tax Institute
10 Type of Transaction (cont.) Exports Sales tax imposed at point of transfer of title or possession Sales tax due if non resident takes possession of goods from retailer If retailer ships goods outside of U.S., sales tax generally not due If retailer delivers to a freight forwarder, documentation required to claim exemption Exemption documentation proof of export 11 Type of Transaction (cont.) Services Usually an exclusion rather than exemption Service provider is often considered the consumer of items used in providing the service Property and services may qualify for the resale exemption if service is taxable Purchases from subcontractors 12 Copyright Sales Tax Institute
11 Type of Transaction (cont.) Real Property Generally excluded from definition of retail sale Personal property attached to real property Structure of the contract Generally, contractors are considered the ultimate consumer of tangible personal property 13 Type of Transaction (cont.) Occasional / Casual / Bulk Sale Occasional Sale Sale of TPP not held or used by a seller in the course of an activity for which he is required to hold a certificate of registration Limits on number of sales (charity events) Corporate reorganizations 14 Copyright Sales Tax Institute
12 Type of Transaction (cont.) Occasional/Casual/Bulk Sale Not engaged in selling TPP Outside normal course of business Sale of business or identifiable segment One bulk sale to one customer Taxable sale exclusions (inventory, titled vehicles) Bulk Sales Notifications 15 Type of Purchaser Government Federal oconstitutionally protected from taxation oexemption documentation State and Local ovaries by state oreciprocal treatment oother branches possibly exempt under other provisions oexemption documentation 16 Copyright Sales Tax Institute
13 Type of Purchaser (cont.) Government Contractor Sales taxation of Federal government constitutionally prohibited Key concept with states various court cases: oresale exemption? otitle passes to the Federal Government? Real property vs Supply Contractor Exemption Documentation 17 Type of Purchaser (cont.) Exempt Organizations States free to tax non profit Schools, Churches, PTA Federal provision 501 of IRC Require exemption application Purchases vs sales Donations Flow through exemptions for construction Exempt organization certificates 18 Copyright Sales Tax Institute
14 Type of Use Specific Industry Exemptions Manufacturing Research & Development Data Centers Call Centers Agriculture Space activities Cross State purchases Exemption documentation More details in Industry Week 19 Type of Use (cont.) Temporary Storage Some states exclude, from their definition of use, property which is stored in the jurisdiction temporarily before shipment outside the jurisdiction. othis exclusion is usually embedded in their definition and is not listed separately as an exemption. Duration of Storage (KS 60 days; IN 180 days) Usually there can be no use of the property prior to its shipment outside the state osome states allow repackaging, testing or other incidental use. Use tax due in ultimate state of use 20 Copyright Sales Tax Institute
15 Type of Use (cont.) Partial Exemptions/Reduced Rates Base Reductions opercentage of use exemptions are exemptions that are based upon the nature of the use of the property in question. Texas taxes 80% of data processing Rate Reductions omany states that do not exempt food and groceries from sales tax offer reduced rates for these products. Connecticut taxes computer services at 1% 21 Type of Use (cont.) Exempt use certificates Examples: Manufacturing, Pollution control, Farming, Common carrier In order for an exempt use certificate to be valid, a description of the use of the property is required. Many states have special forms for the different types of exempt use. oexemptions claimed on incorrect forms may be considered invalid. 22 Copyright Sales Tax Institute
16 Type of Use (cont.) Direct pay certificates A document that a purchaser provides to the seller when the use of the goods is unknown at the time of the purchase. Purchaser takes full responsibility for tax payment. May be valid only for sales tax or use tax. Most states offer direct pay but could be limited to who can qualify Application process 23 Incentives TIP: Get involved before the project starts. After it starts, you re out of luck 24 Copyright Sales Tax Institute
17 Incentives (cont.) Tax and business gifts to encourage investments in a jurisdiction Various types of incentives: tax credits, tax exemptions, financing discounts, pricing discounts, and licensing provisions In most instances, the application and certification processes must occur prior to any purchasing. Tax department needs to be aware of major investments early in the planning stage 25 Incentives (cont.) Benefits to business and taxing jurisdictions Risks Reputational Risk Claw Back provisions Require pay back of incentives if the business does not meet or exceed their promises that led to the incentive package. 26 Copyright Sales Tax Institute
18 Incentives (cont.) Examples Sales and Use Tax Incentives Enterprise Zone Programs Other Incentives Investment Tax Credit Jobs Tax Credits Research & Development Credits Property Tax Incentives Non Tax Incentives 27 Drop Shipments 28 Copyright Sales Tax Institute
19 Definition Seller/distributor accepts order from customer/end user Seller/distributor places order with shipper/wholesaler Seller/distributor directs shipper/wholesaler to ship goods direct to customer/end user Shipper/wholesaler bills the Seller/distributor at wholesale price Seller/distributor bills customer at retail price 29 Drop Shipments The Drop Shipment Model 30 Copyright Sales Tax Institute
20 Implications of Drop Shipments Transaction between Seller/distributor and customer is a taxable transaction Transaction between Shipper/wholesaler and Seller/distributor is considered a resale transaction What is the appropriate documentation to support the exempt transaction? Some jurisdictions allow alternate documentation Some states require their own registration # 31 Some states accept a pass through exemption Implications of Drop Shipments (cont.) A state cannot require out of state businesses to register to collect its tax unless nexus is established If the shipper/wholesaler requires appropriate exemption documentation, the retailer may be forced to register. Otherwise the shipper/wholesaler will be required to charge tax on the invoice to the retailer. Tax collection issues Is the in state shipper/wholesaler considered a warehouse location for determining local tax rates on intrastate transactions? 32 Copyright Sales Tax Institute
21 Sales and Use Tax Issues If the seller/distributor is not registered to collect sales tax and has no nexus with the state where the goods are shipped to the customer, will the state recognize the sale from the shipper/wholesaler to the retailer as a sale for resale? What documentation will a state accept if the seller/distributor is not registered in the state of delivery? Does the answer change if the shipper/wholesaler delivers the goods in its own vehicles, rather than by common carrier or if the goods are shipped COD? 33 Sales and Use Tax Issues (cont.) Does the answer change if the customer is reselling the goods, rather than using or consuming them? Does the answer change if the customer is an exempt entity? Do the shipping terms affect the taxability of the transaction? 34 Copyright Sales Tax Institute
22 Sales and Use Tax Issues (cont.) Is Shipper/wholesaler required to collect tax? What is tax base? oretail Price owholesale Price If the shipper/wholesaler is required to collect tax from the seller/distributor, can the seller/distributor reimburse itself by passing the tax to the customer? 35 Resources CCH Drop Shipment book IPT bi annual survey study Other state tax publications include summary level drop shipment charts that provide more general information 36 Copyright Sales Tax Institute
23 Questions? 37 Homework & Next Week 38 Copyright Sales Tax Institute
24 Homework Link to homework: course 18materials 39 Next Week Class Thursday, October 11, 11:30 1:30 EDT Review Exemption homework Tax Base Efficient Tax Research 40 Copyright Sales Tax Institute
25 Thanks to our Sponsors! 41 Get Social with Sales Tax /company/sales taxinstitute /salestaxinstitute Sales Tax Institute 910 W. Van Buren, Suite Chicago, IL (312) /user/salestaxinstitute 42 Copyright Sales Tax Institute 2018 Copyright Sales Tax Institute
Sales Tax Jumpstart. March 13, CPE Credits. Presented by the Sales Tax Institute. Speaker: Diane L. Yetter, Sales Tax Institute
Sales Tax Jumpstart March 13, 2019 2.4 CPE Credits Presented by the Sales Tax Institute Speaker: Diane L. Yetter, Sales Tax Institute Sales Tax Jumpstart February 13 to April 10, 2019 Before the Class:
More informationSales Tax Jumpstart Office Hours. October 2, CPE Credit
Sales Tax Jumpstart Office Hours October 2, 2018 1 CPE Credit Presented by the Sales Tax Institute Speaker: Diane L. Yetter, Sales Tax Institute Sales Tax Jumpstart September 13 to November 8, 2018 Before
More informationSales Tax Jumpstart. September 27, CPE Credits
Sales Tax Jumpstart September 27, 2018 2.4 CPE Credits Presented by the Sales Tax Institute Speaker: Diane L. Yetter, Sales Tax Institute Sales Tax Jumpstart September 13 to November 8, 2018 Before the
More informationSales Tax Jumpstart. October 11, CPE Credits
Sales Tax Jumpstart October 11, 2018 2.4 CPE Credits Presented by the Sales Tax Institute Speaker: Diane L. Yetter, Sales Tax Institute Sales Tax Jumpstart September 13 to November 8, 2018 Before the Class:
More informationManaging Sales Tax Exemptions
Managing Sales Tax Exemptions Diane Yetter May 11, 2017 Introduction Sales are taxable unless a specific exemption or exclusion Proceed with caution when determining which transactions qualify Careful
More informationSales Tax Jumpstart. March 27, CPE Credits. Presented by the Sales Tax Institute. Speaker: Diane L. Yetter, Sales Tax Institute
Sales Tax Jumpstart March 27, 2019 2.4 CPE Credits Presented by the Sales Tax Institute Speaker: Diane L. Yetter, Sales Tax Institute Sales Tax Jumpstart February 13 to April 10, 2019 Before the Class:
More informationState Sales Tax on Drop Shipments: Navigating Various States' Rules on Registrations and Exemptions
Navigating Various States' Rules on Registrations and Exemptions THURSDAY, JUNE 25, 2015, 1:00-2:50 pm Eastern IMPORTANT INFORMATION This program is approved for 2 CPE credit hours. To earn credit you
More informationJUMPSTART SALES TAX DIGITAL GOODIE BAG. Thanks to our Sponsors: Sales Tax Jumpstart: Exclusive Half-Off Consultation Offer... 2
SALES TAX JUMPSTART DIGITAL GOODIE BAG Sales Tax Jumpstart: Exclusive Half-Off Consultation Offer................... 2 Basics of Sales & Use Tax: Discount for Jumpstart Students................. 3 YETTER
More informationSTATE & LOCAL TAX NEXUS: WHEN HAVE YOU CROSSED THE LINE?
STATE & LOCAL TAX NEXUS: WHEN HAVE YOU CROSSED THE LINE? Mary Reiser, CPA SALT Services Senior Managing Consultant mreiser@bkd.com Jana Gradeva, CMI SALT Services Senior Managing Consultant jgradeva@bkd.com
More informationExemption Certificate Management in Sales Tax Compliance Sharpening Your Company's Approach to Verifying, Storing and Retrieving Certificates
Presenting a live 110 minute teleconference with interactive Q&A Exemption Certificate Management in Sales Tax Compliance Sharpening Your Company's Approach to Verifying, Storing and Retrieving Certificates
More informationDrop Shipments and Sales Tax Navigating Varying State Policies on Registrations and Exemptions
Presenting a live 110 minute teleconference with interactive Q&A Drop Shipments and Sales Tax Navigating Varying State Policies on Registrations and Exemptions THURSDAY, JUNE 9, 2011 1pm Eastern 12pm Central
More information2/25/2015 RESEARCH TAX CREDIT. R&D Credits for Software Development. R. Ashley Thompson Director
RESEARCH TAX CREDIT R&D Credits for Software Development February 26, 2015 R. Ashley Thompson Director athompson@bkd.com 1 TO RECEIVE CPE CREDIT Participate in entire webinar Answer polls when they are
More informationStates rights are a major foundation upon
FOCUS on self-study CPE Oklahoma s Unique Sales Tax Issues & How to Handle Them By Brent Watson, CPA Brent Watson, CPA, is a state and local tax manager for Grant Thornton LLP in Tulsa, Okla. An OSCPA
More informationMAINE REVENUE SERVICES SALES, FUEL & SPECIAL TAX DIVISION SALES TAX INSTRUCTIONAL BULLETIN 54
MAINE REVENUE SERVICES SALES, FUEL & SPECIAL TAX DIVISION SALES TAX INSTRUCTIONAL BULLETIN 54 RESALE CERTIFICATES This Bulletin is intended solely as advice to assist persons in determining, exercising
More informationSales Tax Audit Survival Guide
Sales Tax Audit Survival Guide Agenda Webinar will last one hour One CPE credit available Ask a question any time Who Are We? Founded in 1992 Registered CPA firm State & local taxes only Former state auditors
More informationSales and Use Tax Introduction
Sales and Use Tax Introduction Carlos Hernandez Ernst & Young LLP Chicago, IL Lauren Tallman KPMG LLP Seattle, WA Presenters Carlos Hernandez Ernst & Young LLP Indirect Tax Services 115 N Wacker Drive
More informationSALES TAX IMPLICATIONS OF DROP SHIPPING
SALES TAX IMPLICATIONS OF DROP SHIPPING Brought to you by Avalara Thought Leadership Webinars Sales Tax Implications of Drop Shipping For drop shippers and the companies that use them, sales tax rules
More informationTITLE DEPARTMENT OF REVENUE CHAPTER 20 - DIVISION OF TAXATION Purpose Authority Application. 25.
280-RICR-20-70-25 TITLE 280 - DEPARTMENT OF REVENUE CHAPTER 20 - DIVISION OF TAXATION SUBCHAPTER 70 - SALES AND USE TAX Part 25 - Use Tax Generally 25.1 Purpose This regulation implements R.I. Gen. Laws
More informationReseller Application
Reseller Application Legal Name: Trade Name: State of Incorporation: (if applicable) Federal Employer I.D.#: (if applicable) Address: City: State: County: Zip Code: Phone No.: Fax No.: Company Email Address:
More informationResearch & Development Tax Credit and State and Local Tax Issues September 5, 2018
WEALTH ADVISORY OUTSOURCING AUDIT, TAX, AND CONSULTING Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor Research & Development
More informationTax Implications and Best Practices for Conducting Business in the Cloud. Subrina L. Wood, CPA Senior Director
Tax Implications and Best Practices for Conducting Business in the Cloud Subrina L. Wood, CPA Senior Director Welcome! SUBRINA L. WOOD, CPA Senior Director Subrina has been in public accounting for over
More informationSales and Use Tax Reserves: Reconciling ASC 450/FAS 5 Reserve Requirements With IAS 37 Standard for Foreign Activities
Sales and Use Tax Reserves: Reconciling ASC 450/FAS 5 Reserve Requirements With IAS 37 Standard for Foreign Activities THURSDAY, APRIL 6, 2017, 1:00-2:50 pm Eastern IMPORTANT INFORMATION FOR THE LIVE PROGRAM
More information2017 Year-End State and Local Tax Update Jason Sneeringer, CPA Tax Manager
2017 Year-End State and Local Tax Update Jason Sneeringer, CPA Tax Manager Agenda Current state and local tax (SALT) atmosphere Nexus Sales & use tax Unclaimed property Property tax Income & Franchise
More informationIPT 2015 Sales Tax Symposium Indian Wells, California. State Tax Restructuring
IPT 2015 Sales Tax Symposium Indian Wells, California State Tax Restructuring Presenters Scott Norton Executive Director, NTD Indirect Tax Ernst &Young Scott.norton@ey.com John Schneider Director of Tax
More informationAvoiding Audit Nightmares: Sales Shipped Out of State
Avoiding Audit Nightmares: Sales Shipped Out of State Wade M. Downey, CPA, MBT Downey, Smith & Fier Introduction Wade s Background 15 years of State & Local Taxation experience Started Downey, Smith &
More informationThe Comptroller of Public Accounts proposes amendments to 3.285, concerning resale
Page 1 The Comptroller of Public Accounts proposes amendments to 3.285, concerning resale certificate; sales for resale. The section is being amended to reflect the changes made to Tax Code, 151.006 ("Sale
More informationPart I Handset Protection Programs Overview of Insurance and Service Contract Regulation
Part I Handset Protection Programs Overview of Insurance and Service Contract Regulation Gerald Gary Mize Chair, Handset Protection and Insurance Practice Gerald.Mize@alston.com Direct: (404) 881-7579
More informationHow to Avoid E-Commerce Tax Pitfalls
How to Avoid E-Commerce Tax Pitfalls Featuring: Shane Ratigan, Avalara Inc. Eric Smith, Modern Distribution Management Sponsored by: July 27, 2017 Avalara helps make sales tax compliance simple and automatic
More informationTECHNOLOGY & SOFTWARE TAX BENEFITS & BURDENS
TECHNOLOGY & SOFTWARE TAX BENEFITS & BURDENS R&D Tax Credit & State & Local Tax Issues September 20, 2016 Ashley Thompson Director athompson@bkd.com JoAnna Simek, CPA Director jsimek@bkd.com 1 TO RECEIVE
More informationIPT 2017 Sales Tax Symposium San Antonio, Texas. I Scream, You Scream, We All Scream For Resale?
IPT 2017 Sales Tax Symposium San Antonio, Texas I Scream, You Scream, We All Scream For Resale? Presenters Jennifer White Attorney Reed Smith LLP 212.521.5406 jwhite@reedsmith.com Pamela Wegner Sales &
More informationWhat Now? The Wayfair Decision and Its Effect on Your Sales Tax Exposure
What Now? The Wayfair Decision and Its Effect on Your Sales Tax Exposure July 24, 2018 WEALTH ADVISORY OUTSOURCING AUDIT, TAX, AND CONSULTING Investment advisory services are offered through CliftonLarsonAllen
More informationSales and Use Tax Fundamentals: Mastering Tax Base, Compliance, Nexus, and Other Essential Multistate Concepts
Sales and Use Tax Fundamentals: Mastering Tax Base, FOR LIVE PROGRAM ONLY Compliance, Nexus, and Other Essential Multistate Concepts TUESDAY, JANUARY 29, 2019, 1:00-2:50 pm Eastern IMPORTANT INFORMATION
More informationTo Receive CPE Credit
Cross-Border Tax Issues Involving Foreign Construction Projects June 13, 2013 Tom Miller Partner tjmiller@bkd.com 317.383.3751 Greg Cislak Director gcislak@bkd.com 317.383.3778 Chris Clifton Senior Managing
More informationGLOSSARY. IPT Sales and Use Tax Symposium Beginner Basics
GLOSSARY IPT Sales and Use Tax Symposium Beginner Basics GLOSSARY The following definitions have been developed to facilitate an understanding of the course material. They tend to be generic in nature,
More informationSTATE & LOCAL TAX SOLUTIONS: Understanding Sales & Use Taxes for Construction, Real Estate & Manufacturing Industries
STATE & LOCAL TAX SOLUTIONS: Understanding Sales & Use Taxes for Construction, Real Estate & Manufacturing Industries November 8, 2017 PRESENTED BY: KENNETH TAYLOR, SENIOR MANAGING CONSULTANT, STATE &
More informationPresenting a live 110-minute teleconference with interactive Q&A. Today s faculty features:
Presenting a live 110-minute teleconference with interactive Q&A State Corporate Income Apportionment Key Fundamentals Understanding Trends and State Approaches to Factor Weighting, Service Revenue, Joyce
More informationTA 352.C1: Taxation of Electronic Information Commerce and Remote Sellers
Course Syllabus General Course TA 352.C1: Taxation of Electronic Information Commerce and Remote Sellers Instructor David Hardesty Information E-mail: david@davidhardesty.com Telephone: 415-925-1120 ext
More informationSales and Use Tax Compliance: Manage the Process; Don t Let the Process Manage You
Sales and Use Tax Compliance: Manage the Process; Don t Let the Process Manage You Rance Morton, CPA Steve Jensen, CMI Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors,
More informationPresenting a 90-minute encore presentation featuring live Q&A. Today s faculty features:
Presenting a 90-minute encore presentation featuring live Q&A New Section 199A: Deductions, Limitations, Complexities and Opportunities for Pass-Through Entities Determining Qualified Business Income,
More informationSales Tax 101 For The Small Business Owner
Sales Tax 101 For The Small Business Owner Presented by Brian Mackin Sales Manager Avalara About the Presenter Brian Mackin Small business owner for over 30 years Joined Avalara 5 years ago as a project
More informationSTREAMLINED SALES TAX GOVERNING BOARD, INC.
STREAMLINED SALES TAX GOVERNING BOARD, INC. RULES AND PROCEDURES Approved October 1, 2005 (Amended January 13, 2006, April 18, 2006, August 30, 2006, December 14, 2006, March 17, 2007, June 23, 2007, and
More informationWebinar: 2018 Year-End Tax Planning for Privately-Held Companies (Part 2)
Webinar: 2018 Year-End Tax Planning for Privately-Held Companies (Part 2) Speakers for this session include: 2 1-CPE Credit Available AAFCPAs issues CPE in accordance with NASBA regulations To be eligible
More informationUNDERSTANDING CALIFORNIA S SALES AND USE TAX LAWS (or one Senior Auditor s Interpretation to one alpaca owner) By Joyce Judy Alpacas del Oeste
CA SALES AND USE TAX - INTRODUCTION Bonnie Potter Fair Winds Alpacas A Senior Tax Auditor from the California Board of Equalization presented an overview on California Sales and Use Tax at the California
More informationAs Introduced. Regular Session H. B. No
131st General Assembly Regular Session H. B. No. 232 2015-2016 Representatives Grossman, Scherer Cosponsors: Representatives Ryan, Burkley, Reineke, Hackett, Sheehy A B I L L To amend sections 5741.01
More informationSmall Business Taxation. Course #5475G/QAS5475G Exam Packet
Small Business Taxation Course #5475G/QAS5475G Exam Packet SMALL BUSINESS TAXATION (COURSE #5475G/QAS5475G) COURSE DESCRIPTION This course gives the practitioner a detailed look at tax issues that affect
More informationPresenting a live 90-minute webinar with interactive Q&A. Today s faculty features:
Presenting a live 90-minute webinar with interactive Q&A Goodwill in Corporate Asset Sales: Tax Planning Opportunities Distinguishing Between Personal and Corporate Goodwill, Navigating Allocation and
More information10 Sales Tax Rules to Live By
10 Sales Tax Rules to Live By Chuck Marcouiller, Tax Technology Expert Avalara Avalara Chuck Marcouiller Tax Technology Expert, Avalara 20 Years in tax technology and education Held operational and training
More informationALLOY COMPUTER PRODUCTS LLC TERMS AND CONDITIONS OF TRADE V1-1404
We, and similar expressions, refer to. You, and similar expressions, refer to you, our customer or proposed customer. These conditions supersede any prior version. A PDF version of these terms and conditions
More informationCURTIS L. DEAN, CPA, CFP, MST, CGMA Wichita, Kansas
SUMMARY OF QUALIFICATIONS; CURTIS L. DEAN, CPA, CFP, MST, CGMA OBJECTIVE: ASSISTANT PROFESSOR OF TAXATION A drive to learn, a passion to teach that is what the below history of my career will show. EDUCATIONAL
More informationConnecticut. Connecticut Will Implement App and Cookie Nexus. November 2017
November 2017 Connecticut Connecticut Will Implement App and Cookie Nexus Commissioner Kevin B. Sullivan stated that the Connecticut Department of Revenue Services will issue revised guidance early in
More informationSales and Use Tax Audits Uncovered
Sales and Use Tax Audits Uncovered Agenda About Andy Johnson and Peisner Johnson & Co. Overview of audit research and analysis Common compliance errors Most common industries targeted Best practices for
More informationTHE ESOP ADVANTAGE. ESOP Midwest Conference September 11-12, 2014 Chicago Oak Brook Hills Resort Oak Brook, IL
THE ESOP ADVANTAGE ESOP Midwest Conference September 11-12, 2014 Chicago Oak Brook Hills Resort Oak Brook, IL Brian Hector, Partner Morgan, Lewis & Bockius LLP 77 West Wacker Drive Chicago, IL 60601 312.324.1160
More informationUnrelated Business Income
Unrelated Business Income Tax Exempt Update October 17, 2013 cliftonlarsonallen.com Circular 230 To ensure compliance imposed by IRS Circular 230, any U. S. federal tax advice contained in this presentation
More informationANNUAL TAX UPDATE & 2014 FORM 990 CHANGES
THURSDAY MARCH 5, 2015 10 11 AM CENTRAL TIME ANNUAL TAX UPDATE & 2014 FORM 990 CHANGES Jessica Freeman Manager BKD, LLP jfreeman@bkd.com Wendy Budde Manager BKD, LLP wbudde@bkd.com TO RECEIVE CPE CREDIT
More informationWayfair The Impact on Manufacturers November 7, 2018
Wayfair The Impact on Manufacturers November 7, 2018 1 Welcome Georgia Association of Manufacturers! 2 Presenters Peter Giroux, SALT Partner Dixon Hughes Goodman LLP Atlanta peter.giroux@dhg.com 404.575.8924
More informationAccounting for Income Taxes: FAS 109 / FIN 48 - Workshop CPE 8 Credit Hours
Accounting for Income Taxes: CPE 8 Credit Hours *** IN-FIRM TRAINING *** Course Outline below Provider of Continuing Professional Education (CPE) to CERTIFIED PUBLIC ACCOUNTANTS WEST Las Vegas Los Angeles
More informationTRANSACTION TAX CONTROVERSY OCTOBER 22, 2018
TRANSACTION TAX CONTROVERSY OCTOBER 22, 2018 AUDRA MITCHELL, TAX MANAGING DIRECTOR KPMG LLP (913) 269-8874 Audra is a Tax Managing Director in KPMG s Washington National Tax practice. Currently based in
More informationEstate Planning With Grantor Trusts: Leveraging GRATs and IDGTs to Minimize Taxes, Preserve and Transfer Assets
Presenting a live 90-minute webinar with interactive Q&A Estate Planning With Grantor Trusts: Leveraging GRATs and IDGTs to Minimize Taxes, Preserve and Transfer Assets THURSDAY, OCTOBER 15, 2015 1pm Eastern
More informationTREASURER/SECRETARY S DUTIES
Updated: October, 2009 TREASURER/SECRETARY S DUTIES Ref: DEYC By-Laws Article IV, Section 1 and Article V, Section 6 The Treasurer/Secretary is elected at the Annual Meeting of the Club. As an officer
More informationCMI Sales Tax Candidate Orientation and Examination Overview & Guidelines
Institute for Professionals in Taxation CMI Sales Tax Candidate Orientation and Examination Overview & Guidelines Prepared by: Professional Designation Committee, Sales Tax (4.18) CMI Orientation This
More informationAre You Ready? Navigating the New IRS Process and Competency Exams
Presenting a live 110 minute webinar with interactive Q&A New Federal Tax Return Preparer Registration: Are You Ready? Navigating the New IRS Process and Competency Exams THURSDAY, OCTOBER 28, 2010 1pm
More informationSales and Use Tax For Quickbooks Users
Matt Hammond is Avalara s SMB Sales Manager, specializing the small business marketing. Matt joined Avalara in 2014. His background gives him a unique understanding of the needs of the small business owner.
More informationNorth Carolina Sales and Use Tax Essentials
North Carolina Sales and Use Tax Essentials The most powerful and informative one-day NC Sales and Use Tax seminar you may ever attend Get the specific answers you need in everyday language to make North
More informationWorkshop. Cut time, save money and avoid legal hassles while keeping your bottom line accurate
Sales & One-day Cut time, save money and avoid legal hassles while keeping your bottom line accurate Spend just one day and you ll: Gain new insights into the most commonly misunderstood aspects of sales
More informationPresenting a live 90-minute webinar with interactive Q&A. Today s faculty features:
Presenting a live 90-minute webinar with interactive Q&A Grantor Trusts After Divorce: Tax Reform, Fiduciary Challenges, and Minimizing Tax for Trust Transfers to Former Spouse Gift Tax Exemption on Divorce
More informationNot-for-Profit Audit Guide Update
2013 CliftonLarsonAllen LLP Not-for-Profit Audit Guide Update What Nonprofits Should Know cliftonlarsonallen.com Housekeeping If you are experiencing technical difficulties, please dial: 800-263-6317.
More informationCHARITABLE GIFTS - IMPROVING FINANCIAL & TAX REPORTING
CHARITABLE GIFTS - IMPROVING FINANCIAL & TAX REPORTING Joyce A. Dulworth, CPA Partner jdulworth@bkd.com Daniel J. Waninger, CPA Director dwaninger@bkd.com 1 TO RECEIVE CPE CREDIT Participate in entire
More informationMICHIGAN CORPORATE INCOME TAX ACT Act XX of The People of the State of Michigan enact: CHAPTER 1
MICHIGAN CORPORATE INCOME TAX ACT Act XX of 2011 AN ACT to meet deficiencies in state funds by providing for the imposition, levy, computation, collection, assessment, reporting, payment, and enforcement
More informationImportant Concepts in Sales Tax Adminstration
Important Concepts in Sales Tax Adminstration A YETTER Tax and Sales Tax Institute White Paper READ THIS PAPER TO UNDERSTAND When and how to register for sales tax How sales tax amnesty programs work How
More informationARIZONA TRANSACTION PRIVILEGE AND USE TAX
ARIZONA TRANSACTION PRIVILEGE AND USE TAX DEFINITION TRANSACTION PRIVILEGE TAX (TPT) Commonly referred to as sales tax, TPT is tax on the retail sale of tangible personal property AND services. Retail
More informationDrop Shipments and Sales Tax
Presenting a live 110-minute teleconference with interactive Q&A Drop Shipments and Sales Tax Navigating Varying State Policies on Registrations and Exemptions WEDNESDAY, MAY 29, 2013 1pm Eastern 12pm
More informationIBM Agreement for Services Excluding Maintenance
IBM Agreement for Services Excluding Maintenance This IBM Agreement for Services Excluding Maintenance (called the Agreement ) governs transactions by which Customer acquires Services (including, without
More informationGENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1999 SESSION LAW HOUSE BILL 1624
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1999 SESSION LAW 2000-120 HOUSE BILL 1624 AN ACT TO IMPLEMENT THE RECOMMENDATION OF THE NATIONAL GOVERNORS' ASSOCIATION FOR A STREAMLINED SALES TAX COLLECTION
More informationBEWARE OF THE LOOSE CANNON
BEWARE OF THE LOOSE CANNON Experts Need to Prudently Apply Professional Standards October 26, 2016 Bryan Callahan, CPA, CFF, CFE, CVA Director Forensics & Valuation Services bcallahan@bkd.com 1 TO RECEIVE
More informationSTATE APPORTIONMENT UPDATE
STATE APPORTIONMENT UPDATE Sourcing of Services and Market-based Souring Laura Holmes Senior Director BDO USA February 16, 2016 TEI Houston Chapter Tax School Laura Holmes, CPA State and Local Tax Senior
More informationST-3 Form for all in state resellers
ST-3 Form for all in state resellers ST-3 (4-08, R-11) The seller must collect the tax on a sale of taxable property or services unless the purchaser gives him a properly completed New Jersey exemption
More informationGENERAL SERVICES ADMINISTRATION FEDERAL SUPPLY SERVICE AUTHORIZED FEDERAL SUPPLY SCHEDULE PRICE LIST
GENERAL SERVICES ADMINISTRATION FEDERAL SUPPLY SERVICE AUTHORIZED FEDERAL SUPPLY SCHEDULE PRICE LIST On-line access to contract ordering information, terms and conditions, up-to-date pricing, and the option
More informationSALT Whitepapers. Public Law , provides:
Business Strategists Certified Public Accountants Echelbarger, Himebaugh, Tamm & Co., P.C. SALT Whitepapers In 1959, the U. S. Supreme Court, for the first time, held that a state could tax exclusively
More informationOPIC. Making Mail-Order and Internet Sales
New Jersey Division of Taxation TAX OPIC Making Mail-Order and Internet Sales Making Mail-Order and Internet Sales Bulletin S&U-5 Introduction If you operate a business in New Jersey that sells products
More informationFrequently Asked Questions (FAQ s) Use Tax Collection Requirements Due to Wayfair Decision
Frequently Asked Questions (FAQ s) Use Tax Collection Requirements Due to Wayfair Decision IMPORTANT NOTE The requirements to register and collect the California use tax prior to the Wayfair decision remain
More informationARIZONA TRANSACTION PRIVILEGE AND USE TAX
ARIZONA TRANSACTION PRIVILEGE AND USE TAX DEFINITION TRANSACTION PRIVILEGE TAX (TPT) Commonly referred to as sales tax, TPT is tax on the retail sale of tangible personal property AND services. Retail
More informationSection 1202 Qualified Small Business Stock: Maximizing Tax Advantages of Gain Exclusion and Deferral
Section 1202 Qualified Small Business Stock: Maximizing Tax Advantages of Gain Exclusion and Deferral THURSDAY, AUGUST 27, 2015, 1:00-2:50 pm Eastern IMPORTANT INFORMATION This program is approved for
More informationTo Receive CPE Credit
May 14, 2014 I Purchased a Company... But What Did I Buy??? Rand Gambrell, CPA, ABV, CFE, CFF, CVA Director Forensics & Valuation Services rgambrell@bkd.com experience expertise // Elevate your understanding
More informationDrop Shipments and Sales Tax Navigating Varying State t Policies i on Registrations ti and Exemptions
presents Drop Shipments and Sales Tax Navigating Varying State t Policies i on Registrations ti and Exemptions A Live 110-Minute Teleconference/Webinar with Interactive Q&A Today's panel features: David
More informationSales and Use Tax. Introduction. Sales and Use Tax. Overview. Tax Rate. Reminder
Sales and Use Tax Introduction Overview These guidelines outline current California law on sales tax applying to sales by the University and sales and use tax applying to purchases by the University. The
More informationSales and Use Tax for Manufacturers. Connecticut Business & Industry Association
www.pwc.com Sales and Use Tax for Manufacturers Connecticut Business & Industry Association Robert L. Day III Jennifer Whalley June 29, 2015 Agenda The Basics and 2015 budget Full Exemptions Manufacturing
More informationIPT 2017 Sales Tax Symposium San Antonio, Texas September Drop Shipments
IPT 2017 Sales Tax Symposium San Antonio, Texas September 17-20 Drop Shipments Presenters Robert T. Andre International Paper Company, Memphis 901-419-7362; robert.andre@ipaper.com Andrew W. Yates Alston
More informationJohn Sallese Sales and Use Tax Compliance Expert
John Sallese Sales and Use Tax Compliance Expert Avalara Avalara Avalara streamlines the sales tax lifecycle Tax rates SaaS $ Remittances Customer invoice systems ERP, Ecommerce, POS / MPOS, Payments,
More informationProcurement Cards and Sales Tax Compliance: Mastering Multi-State Complexities
Procurement Cards and Sales Tax Compliance: Mastering Multi-State Complexities Processes for Tracking Exempt Purchases and Maintaining Audit Documentation FOR LIVE PROGRAM ONLY THURSDAY, MAY 18, 2017,
More informationFIRST REGULAR SESSION SENATE BILL NO TH GENERAL ASSEMBLY INTRODUCED BY SENATOR SCHMITT. AN ACT
FIRST REGULAR SESSION SENATE BILL NO. 279 96TH GENERAL ASSEMBLY INTRODUCED BY SENATOR SCHMITT. Read 1st time February 15, 2011, and ordered printed. 1406S.02I TERRY L. SPIELER, Secretary. AN ACT To repeal
More informationUpdated 199A and Qualified Business Income (QBI) Insight for the Construction Industry September 20, 2018
Updated 199A and Qualified Business Income (QBI) Insight for the Construction Industry September 20, 2018 WEALTH ADVISORY OUTSOURCING AUDIT, TAX, AND CONSULTING Investment advisory services are offered
More informationMajor: Political Science Phi Beta Kappa. Dean s List (all semesters) McGill Award highest achievement in Political Science
MARTHA L. SALZMAN, ESQ. State University of New York at Buffalo School of Management 364 Jacobs Management Center Buffalo, New York 14260 msalzman@buffalo.edu As of February 3, 2015 PROFESSIONAL EDUCATION
More informationIMPORTANT INFORMATION FOR THE LIVE PROGRAM
Mastering U.S. Permanent Establishment Tax Under New OECD Guidance vs. General Tax Treaty Approach Navigating Income Attribution Rules in the U.S. Model Income Tax Convention and Recently Signed Tax Treaties
More informationAvalara Tax Connect version 2017
version 2017 Disclaimer This document is for informational purposes only and is subject to change without notice. This document and its contents, including the viewpoints, dates and functional content
More informationBETTER BUDGETING 3RD ANNUAL WEB-STREAM SERIES. NEW! Three-Part Series
Government Finance Officers Association 3RD ANNUAL BETTER BUDGETING WEB-STREAM SERIES NEW! Three-Part Series Each course is a separate topic and stand-alone training session. Attend 1, 2, or all 3 courses!
More informationIBM Agreement for Services Acquired from an IBM Business Partner
IBM Agreement for Services Acquired from an IBM Business Partner This IBM Agreement for Services Acquired from an IBM Business Partner ( Agreement ) governs IBM s delivery of certain IBM Services and Product
More informationSunGard iworks Investments 2012 Education Catalog
SunGard iworks Investments 2012 Education Catalog For Training Inquiries Call: Your National Account Manager SunGard iworks (303) 689-1705 5619 DTC Parkway, Suite 600 (303) 689-1750/fax Greenwood Village,
More informationKPMG TaxWatch Webcast:
KPMG TaxWatch Webcast: VAT Implications of Cloud September 19, 2012 ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN BY KPMG TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER PERSON
More informationTHE STATE TAXES MINEFIELD
THE STATE TAXES MINEFIELD State Tax Planning for the Small Flight Department by Joanne Barbera and Heidi Albers You men and women who operate this nation s small flight departments are among the busiest
More informationOhio Tax. Workshop U. Advanced: The Taxation of Technology. Tuesday, January 23, :15 p.m. to 5:15 p.m.
27th Annual Tuesday & Wednesday, January 23 24, 2018 Hya Regency Columbus, Columbus, Ohio Ohio Tax Workshop U Advanced: The Taxation Tuesday, January 23, 2018 4:15 p.m. to 5:15 p.m. Biographical Information
More information