Sales & Use Tax Workshop

If you have questions about sales and use tax laws, you're not alone. There are 7,500 different taxing jurisdictions in the United States alone, and they routinely tax the same products differently. It's easy to understand why our sales and use tax laws are considered among the most complicated in the world.

To add to your challenge, state governments are aggressively pursuing new avenues of taxation. Faced with a slumping economy, they want a bigger piece of the revenue pie. Clearly, your job has never been more difficult — or important — to your organization.

Get the information you need — not generalities.

Some sales and use tax seminars offered by other companies give you a cursory overview of sales and use tax with little of the practical, real-world information you need to correctly handle day-to-day tax questions. This seminar is different. At the end of the day, you'll leave with essential information you can put to use right away. You'll understand sales and use tax and be able to apply it correctly for your organization. That's a lot of value for the investment of only one day.

Sales & Use Tax Workshop — Seminar Overview

Understand the law and what it means for your company
Master the mysteries of multi-state transactions
Understand taxation for the most common transactions in your industry
Maintain records that stand up under fire in an audit

Understand the law and what it means for your company

The difference between a sales tax and a use tax
The key factors that determine which tax applies in each situation
4 types of tax states and how each affects your legal obligations
Ways to steer clear of the most common — and costly — use tax pitfall
How to identify where your company has nexus for sales and use tax purposes
What constitues an out-of-state connection strong enough to incur tax collection responsibilities there

Master the mysteries of multi-state transactions

How to know which tax rate applies when multiple jurisdictions have competing claims
Internet sales — what the Internet Tax Freedom Act is and how it affects your company
The possible use of the mail-order use tax on your customers
How to avoid triggering tax liabilities in other states
How to know if a vendor is illegally charging you tax

Back to Seminar Overview

Understand taxation for the most common transactions in your industry

The correct way to value self-constructed assets for use tax purposes
Common inventory withdrawals that are subject to use taxes
The most prevalent filing mistakes and how to prevent them
bWhat tax breaks your industry is entitled to
Providing services — how to know when you're supposed to pay sales tax
The often misunderstood general rule on taxation of computer software
The correct way to treat taxation of transportation and shipping charges

Maintain records that stand up under fire in an audit

The best answer to the question: Why are you doing it that way?
2 statements you must never make to an auditor
Recordkeeping essentials — including exemption documentation
Best practices to ensure you have the right support in an audit
Where to look for exemptions and exceptions
When you are personally liable for tax mistakes and how to make sure this never happens
What to do immediately if taxes have been overpaid
The consequences of underpayment — important information about what to expect