On Demand Webinar

Sales and Use Tax

Webinar Details $219

  • Rated:
  • Webinar Length: 100 Minutes
  • Guest Speaker:   Steven Mercatante
  • Topic:   Taxation and Accounting
  • Credit:   IRS 2.0, CPE 2.0
All Access Membership

Sales and use tax laws are complex. In addition to the thousands of taxing jurisdictions across the country, tax laws change and create additional confusion. In addition, the same products are routinely taxed differently, resulting in more challenges. You need to stay fully compliant with all tax laws, including those affecting sales and use tax. Learn how to stay fully compliant while saving your company or organization money. Join us for this highly-informative, 100 minute program to discover: 

Agenda:

•    Learn whether merely having customers in a state or generating income from a state is enough to create tax obligations
•    Explore recent judicial and legislative developments in State Sales and Use Law 
•    Get strategies to remain IRS compliant when doing business and generating revenue in different states
•    Discover how to avoid fines 
•    Get the latest Sales and Use updates
•    Discover how to spot in which states you may be most at risk
•    Learn about aggressive new nexus standards for multistate sellers 
•    Become familiar with sales and use tax rules for electronic commerce
•    Live Q&A Session - Have your questions answered! 

Learning Objectives:

•    Learn whether merely having customers in a state or generating income from a state is enough to create tax obligations
•    Get the latest Sales and Use updates
•    Discover how to spot in which states you may be most at risk
•    Learn about aggressive new nexus standards for multistate sellers 

  1. Introduction
  2. What’s New: Wayfair Decision Still Causing Ripple 00:01:11
  3. Your Approach 00:08:03
  4. Your Approach (cont’d) 00:23:54
  5. Your Approach - Nexus 00:35:14
  6. Your Approach - Nexus (cont’d) 00:43:34
  7. California Example 00:43:33
  8. New Jersey Example 00:48:03
  9. Massachusetts and Hawaii 00:50:42
  10. More Laws on the Books 00:57:55
  11. Puerto Rico, Louisiana, Mississippi, Michigan, Minnesota, and Texas 01:18:36
  12. Connecticut 01:29:05
  13. Indiana Court Ruling and Oklahoma Changes 01:
  14. Pennsylvania, Alabama, and Georgia 01:33:19
  15. Colorado and New Mexico 01:35:34
  16. Vermont & South Dakota 01:
  17. Ohio 01:36:06
  18. Protect Yourself 01:38:51
  19. Attendee Questions 01:39:22
  20. Presentation Closing 01:40:31

  • Backup Withholding 00:24:07
  • Click-Through Nexus  00:28:32
  • Economic Presence Nexus 00:05:49, 00:25:30
  • Form 1099 MISC 00:18:20
  • Intangible Personal Property 00:35:14
  • Limited Liability Company (LLC) 00:57:26
  • Marketplace Facilitators 00:42:33
  • Nexus 00:01:40, 00:35:20
  • Physical Presence Nexus  00:23:54
  • Real Property 00:35:14
  • Tangible Personal Property 00:41:54

Limited liability company (LLC): An LLC is a corporate structure where members cannot be held accountable for the company’s debts or liabilities. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company. Can be a single member (much like a sole proprietor) or a multi-member. It shares certain traits of both corporations as well as partnerships or sole proprietorships. It is not a corporation.

Backup Withholding: Backup withholding is the tax that is levied on investment income, at an established tax rate, as the investor withdraws it. Backup withholding helps to ensure that government tax-collecting agencies (such as the IRS or Canada Revenue Agency) will be able to receive income taxes owed to them from investors' earnings. (www.investopedia.com)

Form 1099 MISC: The Form 1099-MISC is an Internal Revenue Service (IRS) tax return document used to report miscellaneous payment?s made to nonemployee individuals, such as independent contractors, during the calendar year. (www.shrm.org)

Nexus: The term nexus is used in tax law to describe a situation in which a business has a "nexus" or tax presence in a particular state or states. A nexus is basically a connection between a taxing jurisdiction, like a state, and an entity like a business that must collect or pay the tax.

Economic Presence Nexus: Economic Presence Nexus is a legal term that refers to the requirement for entities conducting business in a state, including professional service firms, to collect and pay tax on income derived in that state even though the business may lack a physical presence.

Physical Presence Nexus: States have looked for ways to establish nexus with companies so that they can collect sales tax. The easiest way to establish nexus is through physical presence. Physical presence includes but is not limited to: Owning or renting an office, having a mailing address, having a warehouse, having employees, maintaining inventory stores, and having an affiliate

Click-Through Nexus : Click-through nexus laws generally provide that an out-of-state retailer with no physical presence in the state will be deemed to have sales/use tax nexus if the retailer has an in-state affiliate and certain other requirements are met.

Marketplace Facilitators: Marketplace facilitators and sellers with at least $250,000 in total annual sales are required to collect and remit Connecticut sales tax starting December 1, 2018. Marketplace facilitators are businesses that facilitate retail sales for other sellers through a physical or online forum or platform.

Real Property: Real property is land and any property attached directly to it, including any subset of land that has been improved through legal human actions. Examples of real properties can include buildings, ponds, canals, roads, and machinery, among other things

Tangible Personal Property: Tangible Personal Property Tax is an ad valorem tax assessed against the furniture, fixtures and equipment located in businesses and rental property. Ad valorem is a Latin phrase meaning “according to worth”. This tax is in addition to your annual Real Estate or Property Tax.

Intangible Personal Property: Intangible personal property is an item of individual value that cannot be touched or held. Intangible personal property can include any item of worth that is not physical in nature but instead represents something else of value. Examples of intangible personal property include patents, copyrights, life insurance contracts, securities investments, and partnership interests.


Guest Speaker

  • Steven Mercatante

IRS Credit

Preparer Tax Identification Number


CPE Credit

Continuing Professional Education

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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You must answer all questions during the webinar, view the recording completely and pass the test at the end with 70% correct answers to receive CPE credit.