BarbriSFCourseDetails
  1. keyboard_arrow_leftBack

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, November 4, 2021

  • 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 course will provide tax professionals a detailed briefing on the latest state developments and tax trends affecting retailers. The panel will discuss the transformation of state nexus rules, market facilitator laws, reporting, and exemptions. The panel will also offer compliance approaches and demonstrate their application to guide professionals in navigating and adjusting to multistate developments.

Faculty

Alexander Korzhen
SALT Senior Tax Manager
TaxOps

Mr. Korzhen joined TaxOps with over 15 years of state and local tax (SALT) specialization, driving positive tax outcomes for clients of all sizes across industries. He has extensive experience in all aspects of SALT consulting, planning and compliance.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Judith B. Vorndran
Partner
TaxOps

Ms. Vorndran helps clients and tax professionals navigate the morass of state and local tax issues with the goal of making it less “taxing!” She is a nationally recognized thought leader and award-winning instructor with a steady focus on finding ways to simplify complex state and local tax issues and resolve areas of state tax controversy.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio

Description

The high volume of sales by retailers increased the risks of noncompliance for collecting and remitting sales taxes. Tax professionals must identify key issues in calculating and reporting sales taxes, state nexus rules, market facilitator laws, and determining the taxability of products.

Retailers face complex tax issues when managing hundreds of products across multiple jurisdictions. Navigating rules, various rates, and other items increase the risk of errors and audit exposure. Tax professionals must avoid critical mistakes such as miscategorizing products, failing to update tax rules and rates, and other compliance issues.

Listen as our panel discusses the taxability of products, state nexus rules, and reporting. The panel will also offer compliance approaches and demonstrate their application to guide professionals in navigating and adjusting to multistate developments.

Outline

  1. Essential concepts of sales taxes for retailers
  2. Mulitple jurisdictions and sourcing transactions
  3. Sales tax exemptions
  4. Revenue agency administration of sales tax
    1. Filing frequency
    2. E-filing
    3. E-payment
    4. Vendor compensation

Benefits

The panel will drill into these and other essential aspects:

  • Understanding the sales tax compliance and reporting requirements for retailers
  • Identifying sales tax issues from contracting, invoicing, drop shipping, and more
  • Market facilitator laws and exemptions
  • Properly collecting and remitting sales tax
  • Key methods in maintaining compliance for retail businesses

NASBA Details

Learning Objectives

Upon completing this seminar, you will be able to:

  • Acquire improved fundamental grounding in sales tax concepts for more effective compliance for retailers
  • Ascertain the meaning of essential developments in sourcing and nexus
  • Recognize how states typically handle filing frequency, standard vs. e-filing, and payment options

  • 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, dealing with complex multi-state sales and use tax collecting and reporting; supervisory authority over other preparers/accountants. Knowledge of the U.S. Supreme Court's ruling in South Dakota v. Wayfair, Multi State Tax Commission model nexus standards, and the primary nexus approaches used by most states.

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.