Sales and Use Tax Considerations for Early Stage Companies (Completed)

Early stage companies face unique sales and use tax hurdles, including economic nexus provisions; marketplace provider rules; use tax accruals; and proper product sale classifications related to automated sales tax filing software. In a straightforward and easy-to-understand manner, state tax practitioners, Craig Reilly and Ariele Doolittle will help you address sales and use tax issues and challenges specific to early sages companies. This webinar will help answer Wayfair compliance questions; analyze e-commerce issues such as marketplace provider rules; address use tax liabilities on early company purchases; and properly classify the taxability of sales of digital goods and services such SaaS, IaaS, digital products, and information services. The webinar will also address how taxing authorities identify businesses to audit, as well as tips and traps in defending a sales tax audit.

Who Should Attend
Tax and accounting staff responsible for state tax compliance and planning; business owners; entrepreneurs; CPAs, EAs, tax attorneys and other business and financial advisors working with business clients on sales and use tax compliance and planning

Topics Covered

• Wayfair analysis and fallout
• Review of recent guidance impacting sellers of digital products and services
• Proper sales and use tax product classifications and coding
• Use tax accruals
• New marketplace provider rules
• Compliance discussion and suggestions
• Tips and traps in a sales tax audit

Learning Objectives

• Recognize a practical understanding of the key unique state tax issues pursuant to Wayfair
• Recognize new marketplace provider rules
• Describe use tax compliance and apply suggestions
• Properly classify the taxability of emerging sales categories
• Identify tips and traps in a sales tax audit

Level
Overview

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None