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:
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:
Scott Transue
Scott Transue is an Enrolled Agent with the IRS, licensed to represent taxpayers in all 50 states. He is an award-winning speaker and trainer on taxation and debt collection. He is also a QuickBooks ProAdvisor. He has presented seminars on accounting topics throughout the country and coached over 3,000 people in improving their entity’s performance. He is a Remote Tax Advisor for TurboTax. He holds a Masters in Accounting from Walden University and 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 …
Tips and Techniques for Conducting an Effective Fraud Risk …
Navigating the New HIPAA Security Rule Amendments for 2025
Break Free from Toxicity: Reclaim Your Power and Peace
Physician Employment Agreements: Problem Areas that can be …
Measure the Effectiveness of Compliance Programs by Engagin…
FDA Regulation of Artificial Intelligence/ Machine Learning
Computer System Validation (CSV) 3-Hour Boot Camp
Quality Management Systems and Data Integrity
Cleaning Data without Complex Functions - A Course for Data…
Implementing an Effective Human Error Reduction Program
Navigating 2025 Employment Laws: What Every Employer Needs …
Employers Should Prepare for Immigration Raids in 2025! Thi…
Succession Plan for 2025: It's Not Just for Emergencies - I…
Managing Toxic Employees: Strategies For Leaders To Effecti…
21 CFR Part 11 - Compliance for Electronic Records and Sign…
Using High-Performance Coaching for Managers to Address Per…
Negotiating Skills For Professional Results - Winning Strat…
Principles & Practices for the Cybersecurity of Legacy Medi…
6-Hour Virtual Seminar on Learning the Highlights of Excel …
Accounting For Non Accountants : Debit, Credits And Financi…
Tattoos, hijabs, piercings, and pink hair: The challenges …
ChatGPT and Project Management: Leveraging AI for Project M…
Reduce Stress in the Workplace: Effective Ways to Handle Co…
Building Thriving Teams: Proactive Strategies for Managers …
How to Lead and Manage a Narcissistic Manager
Stress, Change And Team Resilience Through Humor: An Intera…
The Importance of the first 5 seconds when presenting
GAAP—Update on new Accounting Principles and How They Impac…
Pivot tables beginner to advanced + 20 advanced Pivot table…
Proactive Retention: Harnessing the Benefits of Stay Interv…
The 6 Most Common Problems in FDA Software Validation and V…
ChatGPT and Project Management: Leveraging AI for Project M…
Creating Employee Handbooks that Protect You and Support th…
Female to Female Hostility @Workplace: All you Need to Know
Project Management for Non-Project Managers - Scheduling yo…
How to Prepare For and Host a FDA Inspection and Respond to…
Onboarding Best Practices for 2025: Proven Strategies to Po…
How to Manage the Legal Landmine of the FMLA, ADA and Worke…
FDA Technology Modernization Action Plan (TMAP) and Impact …
How to Conduct Exit Interviews - Implementing and Enhancing…