Sales and Use Tax - The Basics
Duration: 90 minutes
Speaker: Miles Hutchinson
Sales tax? Use tax? What’s the difference? Do you owe tax on your internet sales? Will you owe taxes in more than one state for the same sale?
Join us and in just 90 minutes, you can begin to develop a solid plan to move your company toward sales and use tax compliance. Experienced CPA and businessman Miles Hutchinson will review the basics of sales and use taxation with you and answer your questions. He will provide practical guidance in an area that has become the cause of ever increasing instances of audits by state taxing authorities.
Agenda
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Learn the difference between a sales tax and a use tax
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Identify taxable sales and non-taxable sales
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Learn the difference in tax basis between sales of property and sales of services
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Determine whether you will owe taxes on your internet sales
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Identify the 3 key factors that could ensure exemption of freight charges from tax
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Learn about the limited protection provided by exemption certificates
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Identify the nexus triggers to avoid having to register and pay taxes in states other than your home state
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Discover best practices for dealing with nexus in states other than your home state when you haven’t registered as required
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Identify the key policies and procedures your company should have in place to help with compliance and tax audits
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Examine the pros and cons of obtaining amnesty through the streamlined sales tax project
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Receive a list of valuable resources to help you learn the different requirements of individual states for exempting specific transactions from tax
Logistics
- 90-minute webinar (Travel-Free) delivered over the phone and Internet.
- Unlimited listeners per connection - bring the entire department.
- Q&A session with the expert.
This event will be presented live by phone together with a PowerPoint presentation to be viewed on your computer. Internet access is not required for phone-only participants. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.