Understanding Sales Tax in a Post-Wayfair World Webinar (2 Hours)
Overview
Sales tax is complex, misunderstood and often underappreciated. States and local jurisdictions have their own rules for what's taxable and exempt, as well as documentation and exemption certificates, and tax rates--all of which are subject to change, obligating taxpayers to comply with new collection and remittance requirements. Furthermore, following South Dakota v. Wayfair, out-of-state sellers must now collect sales tax on goods and services delivered to other states. In this webinar, we will review:
- Multistate sales tax
- Sales tax nexus and compliance
- Responding to sales tax audit results
- Business sale due dilligence processes
Objective
To show tax professionals the importance of evaluating nexus and the taxability of transactions, as well as developing compliance processes, documentation and tax automation.
Emphasis
-
Sales Tax
- South Dakota v. Wayfair
- General nexus concepts
- General application
- Exceptions by industry, trans-
action and customer
- Multistate
- Responding to an audit - Situsing & Sourcing Sales
- Cloud Computing, Digital Goods & Services
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