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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, July 18, 2024

  • 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 walk state and local tax professionals through the sales tax registration process. Our panel of seasoned SALT veterans will identify initial caveats that come with registering a business for sales tax, explain the registration process in particular states, and offer suggestions for maintaining a sales tax compliant business.

Faculty

Ilya A. Lipin
Tax Principal, Mid-Atlantic Region State and Local Tax Practice Leader
BDO USA

Mr. Lipin provides clients with state tax advice in the area of multistate income taxes, sales and use taxes, tax controversy, compliance, and various SALT aspects that arise from M&A transactions.

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Melissa Myers
Managing Director, SALT, Sales & Use Tax
BDO USA

Ms. Myers has more than 17 years experience in the sales and use tax field. As a Sales & Use Tax Managing Director at BDO, her responsibility is to manage client projects covering Sales and Use Tax Refund Reviews, Audit Defense, Multi-State Voluntary Disclosure Agreements, Multi-State Transactional Analysis Report preparation, Nexus Surveys, State Letter Rulings, Sales and Use Tax Registrations, Sales and Use Tax Trainings, and Multi-State Compliance. 

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Jordan B. Mottram
State & Local Tax Manager
BDO USA

Mr. Mottram provides clients with state and local tax advice in the area of multistate income taxes, sales and use taxes, tax controversy, compliance, and various tax aspects that arise from mergers and acquisition transactions.

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Description

The initial step in sales tax compliance is registering for sales tax. Although the process itself may appear simple, there are preliminary considerations that should not be ignored. Registration can lead to exposure for prior unreported and unremitted sales, use, local, and income taxes. Additionally, once registered, a business must be ready to comply with the state's reporting and remittance process or suffer the consequences.

The nexus requirements and registration requirements vary by state. Registration in some states is not required if sales occur exclusively through marketplace platforms. Many states allow electronic registration, while others require paper registration. Separate registration for local taxes might be needed in home rule states. Once registered, sales tax status should be monitored and reviewed for compliance dates, nexus, and responsible party changes. SALT professionals working with state and local taxes need to recognize the ramifications of the sales tax registration process.

Listen as our panel of SALT leaders explains the preliminary and ongoing considerations of sales tax registration.

Outline

  1. Registration requirements
  2. Types of registration
  3. Registration process
  4. Addressing prior sales tax exposure
  5. Compliance readiness
  6. Home rule state considerations
  7. Specific scenarios
  8. Best practices

Benefits

The panel will review these and other critical issues:

  • Avoiding hidden hazards of sales tax registration
  • Monitoring ongoing sales tax compliance after registration
  • The importance of compliance readiness before sales tax registration
  • Weighing exposure to prior SALT obligations before registration

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Determine how potential exposure to prior SALT obligations is impacted by sales tax registration
  • Identify specific state requirements for sales tax registration
  • Decide how to best monitor sales tax compliance once registered
  • Ascertain whether a business is compliance-ready before registering for sales tax

  • 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.