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Self-Study Courses

Small Business Taxes Made Easy: Special Considerations for Online Businesses (Currently Unavailable)

2 CPE Credits $31.00/credit hour
★ ★ ★ ★ ☆ 4.6 (3 ratings)
Join this class to learn how to set up or improve your business during this COVID19 time in the world.This course is based on the tips and tools discussed in TaxMama’s latest book, Small Business Taxes Made Easy. Nexus. Yes, that’s the crux of this course. I’ve been alerting business people and Internet businesses about this problem for over 2 decades. With Wayfair, most states want their cut of Internet-based sales taxes generated by sellers in other states. And do your clients really want to set their corporation or LLC in Nevada? How does this all affect your clients, in this century?

Publication Date: August 2020

Designed For
Tax practitioners at all levels regardless of tax practice and Business Owners.

Topics Covered

  • WWW — The Wild, Wild Web
  • Businesses Must Have Websites
  • Operating Online
  • Nexus
  • Why Are These Details Important?
  • Agency Relationships of Any Kind
  • Why is Nexus a Tax Issue — of Concern?
  • Affiliate Marketing Income
  • Effect of the Wayfair Decision
  • Various Types of Nexus
  • States ” by Type of Nexus
  • Sales Taxes and You!
  • Streamlined Vision and Reality
  • Other Legal Issues on the Internet

Learning Objectives

  • Identify the issues involved with the concept of "nexus" and if it's time to start setting up procedures to collect sales taxes for other states
  • Recognize where the business should set up its base; in the home state, Nevada, or elsewhere
  • Identify why Nexus is a big concern
  • Describe which types of Nexus will take care of the sales tax collection and reporting
  • Recognize online business main issues
  • Identify legal issues you're likely to face when doing business remotely on the Internet
  • Recognize Marketplace Nexus

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

Instructor

Eva Rosenberg

Eva Rosenberg, EA, Your TaxMama® has been a member of NAEA for over three decades. TaxMama® has been teaching Enrolled Agents Exam review courses off and on since developing the program for UCLA Extension over 20 years agoThese days, she’s teaching her own course online at www.irsexams.school

Eva has a B.A. in Accounting and an M.B.A. in International business. Your TaxMama® has been a TaxWatch columnist for Dow Jones' www.MarketWatch.com for nearly 15 years, and award-winning author of two best-selling books, Small Business Taxes Made Easy, (4th edition) published by McGraw-Hill and Deduct Everything! from Humanix Publishing.

As a speaker, TaxMama® is popular with both tax professionals and taxpayers. Please drop by www.TaxMama.com and get answers to tax questions we can't cover here, free, by simply clicking on this link: http://iTaxMama.com/AskQuestion
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