Sales and Use Tax Compliance
Product ID : MILE-0006
Level : Intermediate
Duration : 60 Minutes
Miles Hutchinson is a CGMA and experienced businessman with over 40 years in the field. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a one billion dollar real estate development company. Miles is a professional speaker and consultant who has presented over 2,500 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll and sales & uses tax as well as financial modeling & analysis, business strategy, and communications. He is the author of several useful accounting and tax tools available at www.soxpolicies.com and www.salestaxadvisors.com. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army. Please visit his websites to see how you can further benefit from his expertise.
Sales and Use Tax is among the most complicated areas of compliance there is. 45 states levy a state-wide sales tax and each state does it differently. In addition, the digital era and online purchases bring with it its own issues. This webinar will teach you the basics of the sales and uses tax environment and how best to comply. We will touch on audits, and when use tax might apply to a given situation. Finally, we will discuss the Quill decision and how states may begin to tax sales made online. You will learn techniques and strategies to minimize your burden and costs.
- Understanding the terminology behind sales and use tax
- Good and Services - how they are treated differently
- Reciprocity - how to save money on use tax
- Nexus - how to know if you should register as a vendor in a given state
- Audits and Appeals
- The Quill Decision - online sales
Who Should Attend
- Accountants and Accounting Clerks
- Tax Compliance Officers
- Small business owners