Introduction to Sales and Use Tax Law

Duration: 90 Minutes
Sales tax? Use tax? What's the difference? Must I charge tax on my internet sales? Will I owe taxes in more than one state for the same sale? Why is my drop shipper charging me tax? Why did I receive a NEXUS Questionnaire and what if I don't respond to it? I just got a notice that I have to conduct a self-audit and report my findings to the state – is this for real? I need help!
Sales and Use Tax Law
Instructor: Miles Hutchinson
Product ID: 504267
Over 40% of the annual state budgets are funded by sales tax. They know they are not receiving all the tax dollars they are owed. Yet many companies fail to comply with multi-state registration and collection. Untaxed internet sales have frustrated the states and they are actively lobbying Congress to change the rules. Are you in full compliance?

Objectives of the Presentation
  • Differentiate between a sales tax and a use tax
  • Identify taxable sales and non-taxable sales
  • Recognize how to determine whether the tax basis is equal to the sale of property or sale of services or both (the states are inconsistent)
  • Identify how to determine whether you will owe tax on your internet sales
  • Discover what the major internet retailers are doing to avoid charging sales tax on their sales and how/why bricks and mortar retailers oppose them
  • Describe the latest information about the Main Street Fairness Act
  • Identify the three key factors that could ensure exemption of freight charges from tax
  • Recognize the limited protection provided by exemption certificates (they do not indemnify you from liability)
  • Identify the nexus triggers to avoid having to register and pay taxes in states other than your home state
  • Discover best practices for dealing with nexus in states other than your home stated when you haven't registered as required
  • Identify the key policies and procedures your company should have in place to help with compliance and tax audits
  • Examine the pros and cons of obtaining amnesty through the streamlined sales tax project
  • Receive a list of valuable resources to help you learn the different requirements of individual states for exemption specific transactions from tax
Why Should you Attend
Join us and 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 brief you on legal developments in the area of taxation of internet sales. You will receive practical guidance to avoid audit assessments and penalties.

Who will Benefit
  • CFOs
  • Controllers
  • Tax Mangers
  • Accounts Payable Managers
  • Purchasing Managers
  • Compliance Managers of all companies and institutions who make sales of taxable goods and services
$300
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $450.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $550.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Miles Hutchinson is a CGMA (Chartered Global Management Accountant) and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a professional speaker and consultant who has presented over 2,000 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 has over 35 years of practical experience in strategic planning, analysis and reporting. He is the author of several useful reporting 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 web sites to see how you can further benefit from his expertise.
View More