Introduction to Sales and Use Taxation 2015

Topics

• Taxable and non-taxable sales of both goods and services
• Difference between sales and use taxes
• When you must tax your internet sales
• Minimize the tax basis of your sales activities (the states are inconsistent)
• Minimize tax on freight charges
• Procedures to properly account for, accrue and report tax on untaxed purchases
• Nexus triggers that could require you to register and pay taxes in states other than your home state
• Limited protection provided by exemption certificates (they do not indemnify you from liability)
• Take advantage of best practices in managing sales and use tax compliance
• Be proactive when you haven`t registered as required and avoid the penalties
• Amnesty programs and how to take advantage of them
• Key policies and procedures your company should have in place to help with tax audits
• List of valuable resources to help you learn the different requirements of individual states for exemption specific transactions

Who should Attend

• Controllers
• CFOs
• Accounts Payable Managers
• Tax Mangers
• Compliance Managers
• Purchasing Managers