Understand the issues involved in complying with the sales tax registration and reporting requirements in multiple states.
Many companies that do business in several states do not fully understand the sales and use tax requirements for multistate businesses. The Streamlined Sales Tax Project and recent Wayfair decision provide guidance to businesses through the complexity in state sales tax systems.
This presentation is critical for company representatives responsible for sales and use tax billing and tax compliance to understand the issues involved in complying with the sales tax registration and reporting requirements in multiple states, familiarize themselves with the Streamlined Sales Tax Project and Wayfair decision, and identify the states where tax registrations are required. Failing to properly fulfill these requirements can result in sales and use tax exposure and potential penalties and interest.
Learning Objectives
- You will be able to describe the history of sales and use tax nexus, the implication of the Wayfair decision and its complexities.
- You will be able to discuss the types of varying sales and use tax laws the states impose and the resulting need for simplification that is included with the Streamlined Sales and Use Tax Project.
- You will be able to identify how the Streamlined Sales Tax Project has provided simplification in the imposition and administration of state sales and use tax.
- You will be able to recognize how the impact of the Streamlined Sales Tax Project can benefit taxpayers and ease the sales and use tax compliance process.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
| Introductions | |
| Sales Tax Basics | |
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| Sales Tax Nexus | |
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| Purpose of Streamlined Sales Tax Project | |
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| Accomplishments and Benefits of Streamlined Sales Tax Project | |
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| Questions and Comments | |
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
Live Webinar Registration
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
Enrolled Agents 1.0
- In accordance with the standards set forth in Circular 230 section 10.6, CE credits have been granted based on a 50-minute hour. This program qualifies for 1.0 Continuing Education Credit(s) for enrolled agents.
CPE 1.2 including Taxes 1.2
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub 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 web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 1.2 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
OnDemand Course
This course was last revised on May 7, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Who should attend?
This live webinar is designed for accountants, CPAs, presidents, vice presidents, CFOs, accounting managers, tax managers, controllers, bookkeepers, and enrolled agents.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Martin Joseph – Moderator
Crowe LLP
- Managing Director, State and Local Tax at Crowe LLP
- Many years of sales and use tax experience and knowledge with clients around the country
- Focuses on a variety of sales and use tax issues with clients in a variety of industries including manufacturing, software, health care, and non-construction and construction services
- Tax experience includes over 20 years with Crowe
- Past tax experience with Ernst & Young, Price Waterhouse, Comdisco, and the Illinois Department of Revenue
- M.S. Degree in accounting, Dominican University; B.S. Degree in finance, Eastern Illinois University
- Can be contacted at [email protected]
Jose Dominguez
Crowe LLP
- Manager, State and Local Tax at Crowe LLP
- Primarily specializing in sales and use tax
- Member of the American Institute of Certified Public Accountants (AICPA) and Certified Member of the Illinois CPA Society (ICPAS)
- B.S. Degree in accounting, Loyola University, IL
- Can be contacted at [email protected] or (312) 857-7411
Mary Jo B. Zuelsdorf, CMI
Crowe LLP
- Senior Manager, State and Local Tax at Crowe LLP
- Primarily specializing in sales and use tax, and state and local tax M&A
- Certified Member (Sales Tax) of the Institute for Professionals In Taxation (IPT), Associate member of Colorado Society of CPAs, and Associate member of Colorado Government Finance Officers Association
- B.A. Degree in accounting, Fort Lewis College, Durango, CO
- Can be contacted at [email protected] or (303) 831-5053
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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