Introduction to Sales and Use Taxation

Miles Hutchinson
Instructor:
Miles Hutchinson
Duration:
90 Minutes
Product Id:
500414
Access:
6 months

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Price Details
$145 Recorded
Price Detail Options
Overview:

This webinar will discuss legal developments in the area of taxation of internet sales

Why should you Attend: 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!

Areas Covered in the Session:

  • Learn the difference between a sales tax and a use tax
  • Identify taxable sales and non-taxable sales
  • Learn the how to determine whether the tax basis is equal to the sale of property or sale of services or both (the states are inconsistent)
  • 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
  • Learn the latest information about the Main Street Fairness Act
  • Identify the three key factors that could ensure exemption of freight charges from tax
  • Learn about 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

Who Will Benefit:
  • Controllers
  • CFOs
  • Tax Managers
  • Accounts Payable Managers
  • Purchasing Managers
  • Compliance Managers


Speaker Profile
Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. He is a highly sought after professional speaker and consultant who has presented over 1000 seminars and training sessions on a myriad of business and financial topics, such as financial analysis and modeling, accounting matters, strategic planning, and compliance with the Sarbanes-Oxley Act. His clients include, Abbott Labs, Citicorp, the FBI, GE, Pfizer, and the US Marine Corps.




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