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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Corporate Tax

Date & Time
  • event Date

    Thursday, September 14, 2023

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

$247.00
CPE
ALL

This webinar will review the effect of Wayfair on state requirements for registering, reporting, and remitting sales tax. Our panel of sales and use tax experts will point out ways to reduce the number of filing jurisdictions and provide cost-effective strategies to mitigate taxes paid.

Faculty

Chris Pounds
Principal
DSTax, LLC

Mr. Pounds began his career preparing sales and use tax returns for clients at a compliance boutique firm before joining the outsourcing practice of a Big 4 accounting firm where he first worked with Scott. He transferred to the firm’s SALT group a couple of years later to provide more value-added services to his clients. Mr. Pounds left public accounting to become the sales tax manager at a large construction contracting firm, but quickly returned to consulting to provide sales and use tax services with a heavy focus on sales tax automation.

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Scott Billadeau
President
DSTax, LLC

Mr. Billadeau is the President of DSTax, LLC and its sister companies, DSTax Technology, LLC and DSTax Compliance, LLC. He founded DSTax in 2011 to focus on delivering sales and use tax automation as well as more traditional sales and use tax consulting services such as refund analysis and audit defense. Mr. Billadeau's primary responsibilities at DSTax include strategic direction, partner alliances and quality management.  Despite the many hats he wears, Scott still likes to be hands on and close to each project. 

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Description

The landscape of sales tax has changed dramatically after South Dakota v. Wayfair. The Wayfair decision abolished the precedent that required a physical presence in a state before sales tax could assess tax. Every state that imposes a sales tax has modified its rules as a result of Wayfair, and every state has different sales tax requirements. This compliance burden can be overwhelming for companies operating in multiple states.

Determining whether a business has nexus in a particular state is complex. In Texas, for example, the reporting threshold is $500,000 and 100 transactions, while Oregon has no state sales tax. Many businesses are unaware that they have a filing or reporting obligation. To combat these oversights, states offer amnesty programs and voluntary disclosure agreements to facilitate compliance. However, determining when to come forward can be challenging.

Tax practitioners working with multistate businesses must understand how to mitigate jurisdictional taxes paid and reduce the compliance burden for companies struggling to comply.

Listen as our panel of sales and use tax experts discusses planning for sales tax compliance after Wayfair.

Outline

  1. Mitigating the compliance burden of Wayfair
  2. Planning for state registrations
  3. Methods to reduce jurisdictional filing obligations
  4. Evaluating amnesty and voluntary disclosure agreements
  5. Remote seller rules
  6. Cost-effective sales tax strategies
  7. Outsourcing the sales and use tax compliance function

Benefits

The panel will review these and other complex issues:

  • Special remote seller rules that simplify sales tax compliance in certain jurisdictions
  • Evaluating whether to file a voluntary disclosure agreement in particular states
  • Cost-effective strategies to lower a company's overall sales tax burden
  • Planning strategies for sales tax registration
  • The effect of Wayfair on sales tax compliance

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify specific states' nexus requirements for sales tax
  • Determine how the Wayfair decision has affected sales tax compliance
  • Decide when filing a voluntary disclosure agreement could be beneficial
  • Ascertain specific strategies to employ to mitigate a business' sales tax burden

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing complex state income tax forms and schedules; supervisory authority over other preparers/accountants. Knowledge and understanding of state taxation of warranties, including mandatory, option and extended warranties; familiarity with sales tax nexus issues.

Strafford Publications, Inc. 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.