Call us at 510-868-1040/ Login/ Register /

This training program will explore the origins of the sales and use tax, explore how and when it applies, and discuss ways to legally minimize (or even eliminate) liability. Sales and use tax is among the most complex areas of compliance for accounting professionals. Given that each state regulates the tax in its own way, companies that operate in multiple states have a detailed (and sometimes costly) compliance burden. Additionally, the use tax is often misunderstood, misapplied, and overpaid. Best practices for dealing with a sales tax audit will also be explored in the webinar.


Most companies do not have a good handle on the sales and use tax compliance requirements in the states where they do business. States are becoming increasingly complex as to what constitutes a “substantial business presence” and therefore, the need to register and remit sales tax. Use tax is an even more complex area, and compliance is around 20%. The ultimate weapon states have at their disposal is the sales and use tax audit, which consumes staff time and resources. State auditors can sometimes be aggressive, even when no liability is ultimately proven.


    This webinar will:

    • Cover the essentials you need to know as an accounts payable professional responsible for collecting and remitting sales and use tax.
    • Detail the lesser-known scenarios that cause many states to determine that you need to register and remit sales tax.
    • Describe how best to measure cost basis for the use tax so that your company does not overpay.
    • Discuss how best to handle a sales and use tax audit so that you’re fully prepared, and able to minimize staff time and resources.
    • Discuss the concept of reciprocity and how you can use it to minimize (or even eliminate) use tax liability.


    • The Origin of the Sales and Use Tax
    • Nexus - Determining Whether You Should Register in a Given State for Sales Tax Purposes
    • The Use Tax - Cost Basis and Ensuring You Don’t Overpay
    • Reciprocity Agreements - How States Give You Credit for Taxes Paid to Another State
    • The Sales and Use Tax Audit - Don’t Panic…..Be Prepared!
    • The “Absorption” Concept - How to Use the Sales Tax as a Competitive Pricing Tool (Where Legal)
    • How Your Advertising Expenses Can Inadvertently Cause You to Owe Sales Tax!
    • Sales and Use Tax Best Practices


    • Tax Managers
    • CFOs
    • Controllers
    • Accounting Managers
    • Auditors
    • Compliance Managers
    • Risk Managers


    Scott Transue is an enrolled agent based out of Albany, New York. He owns his own tax preparation and representation firm, and has personally completed over 500 individual tax returns. He has unlimited representation rights for taxpayers and companies experiencing issues with the IRS.

    He received a Master of Public Administration degree from the State University of New York at Albany. His professional career has included time as commissioner of finance for the city of Gloversville, New York and as a senior accountant with the New York State Department of Environmental Conservatio

    View all trainings by this speaker
    Live Webinar

    Live session for single participant

    Live session for single participant.

    $199

    Live + Recorded Session

    Get unlimited access to the link for one participant, from the date of webinar completion.

    $249

    Transcript

    PDF Transcript of the Training which are available once the webinar is completed.(Transcript for single user only)

    $179

    Live + Training CD

    Free shipment within 72 hours from the date of webinar completion.

    $450

    On Demand

    Downloadable recorded session

    Get unlimited access to the link for six months.

    $225

    Training CD

    Free shipment within 72 Hours, from the date of webinar completion

    $350

    Group Session

    Group Session – 10 participants

    Live session for 10 participants.

    $550

    Group Session – ∞ participants

    Live session for unlimited participants

    $650

      
    Read Our Refund Policy

    Approved Enablers of your
    Continuing Education Credits


      

    By Peter Goldmann
    Date: 2018-11-06

    By Paul J. Sanchez
    Date: 2018-11-01

    By Scott Transue
    Date: 2018-10-26

    By Patrick Haggerty
    Date: 2018-10-24

    By Kenneth Barden
    Date: 2018-10-24

    By Dr. Robert E. Davis
    Date: 2018-10-22

    By Dev Strischek
    Date: 2018-10-17

    By Jane Hennessy
    Date: 2018-10-17

    By Thomas Nollner
    Recorded Session

    By Gina J. Lowdermilk
    Recorded Session

    By Donna K Olheiser
    Recorded Session

    By Candace Curry Leuck
    Recorded Session

    By Thomas Nollner
    Recorded Session

    By Jonnie Keith
    Recorded Session

    By David Sanders PhD.
    Recorded Session

    By Lynn Fountain
    Recorded Session

    By Peter Goldmann
    Recorded Session

    By Jim George
    Recorded Session

    By Ronald Sereika
    Recorded Session

    By Paul J. Sanchez
    Recorded Session

    By Tom Fragale
    Recorded Session

    By Thomas Nollner
    Recorded Session

    By Paul J. Sanchez
    Recorded Session

    By Ronald Sereika
    Recorded Session