BarbriSFCourseDetails
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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Corporate Tax

Date & Time
  • event Date

    Thursday, June 13, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

$247.00
CPE
ALL

This webinar will highlight businesses' most common missteps when attempting to meet multi-jurisdictional sales tax guidelines. Our panel of sales tax experts will offer recommendations to circumvent highlight strategies to prevent these errors and properly meet diverse local sales tax reporting and remittance requirements.

Faculty

Jamie E. T. Szal
Partner
Brann & Isaacson

Ms. Szal focuses her practice on assisting businesses in all aspects of state and local tax controversy, from regulatory and administrative proceedings through civil litigation. She came to Brann & Isaacson following several years at the Massachusetts Department of Revenue. As Counsel in both the Litigation Bureau and Office of Appeals, she focused on complex tax issues facing corporations and pass-through entities. She earned her LL.M. in Taxation and Certificate in State and Local Taxation, both with distinction, from Georgetown University Law Center.

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Lori Paci
Manager
Parent: Baker Newman Noyes

Ms. Paci is a manager in BNN’s tax practice, and is a member of the firm’s state and local tax (SALT) practice. She offers more than ten years of experience providing high-level tax and business services to private industry, public agencies, and nonprofit organizations. Ms. Paci has worked in both government and the private sector. She uses her varied experience to help clients navigate multi-state tax issues in multiple areas of state and local taxation, including sales and use, income/franchise taxes, and credits and incentives. Ms. Paci is skilled at distilling complex tax language into understandable and workable solutions for her clients.

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Description

Sales tax compliance errors should be anticipated. Monitoring sales tax compliance is an arduous, never-ending process a process that requires consistency and has many potential pitfalls. The voluminous abundant number of jurisdictions and varying requirements are partially to blame can make compliance complex. However, any error or oversight, inadvertent as it may be, could result in significant penalties and interest for a business.

Sales tax nexus rules and rates are constantly changing. Many states offer exemptions from sales tax but often require exemption certificates. In addition to sales tax, use tax can be assessed on purchases that were not subject to tax in the state of purchase. And if that did not make things complicated, the rules vary state-by-state. There are steps businesses--and their advisers--can take to ease the compliance burden, mitigate these common oversights, and avoid sanctions.

Listen as our panel of sales tax controversy experts provides advice on eliminating and lowering sales tax compliance errors.

Outline

  1. Common sales tax compliance errors: introduction
  2. Nexus determinations
  3. Registration
  4. Returns and filing requirements
  5. Use tax
  6. Categorizing products and services
  7. Exemptions
  8. Sales tax rates
  9. Late and non-filing
  10. Compliance monitoring
  11. Other considerations

Benefits

The panel will cover these and other critical issues:

  • Recommendations for monitoring and complying with multiple state and local nexus guidelines
  • Best practices for tracking multi-jurisdictional changes to sales tax rates
  • Utilizing automation and technology to prevent sales tax errors
  • Managing specific state exemptions and exemption certificates

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify common sales tax compliance errors and steps to avoid these
  • Determine methods to track changes to sales tax rates in multiple jurisdictions
  • Decide how computer software can aid in monitoring and complying with sales tax rules
  • Ascertain sanctions states that could impose for failure to report and remit sales tax

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing complex state income tax forms and schedules; supervisory authority over other preparers/accountants. Knowledge and understanding of state taxation of warranties, including mandatory, option and extended warranties; familiarity with sales tax nexus issues.

Strafford Publications, Inc. 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.