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THE MARKETPLACE FAIRNESS ACT: THE RULES FOR COLLECTING SALES TAX

CostFree Presentation Length1.5 hours 

Recorded DateApril 21, 2014  CPE:Not available (archived webinars do not offer CPE credits)  Subject AreaTaxes (Sales Tax)  Course LevelBasic  Who should attend?CFO / Controller
CPA - small firm
CPA - medium firm
CPA - large firm
Other
Small Business Owner 
Course Description

As the Marketplace Fairness Act (MFA) picks up momentum in Congress, it’s no surprise that businesses across the country are trying to figure out what it means to them. If passed, this legislation grants states the authority to require certain non-exempt remote sellers to collect sales tax.

The MFA would not override current state and local statutes surrounding product and service taxability, tax holidays, exemptions, or related rates, boundaries and rules. Existing nexus laws would not change due to this legislation. The stated purpose of the MFA is to “restore the States’ sovereign rights to enforce State and local sales and use tax laws….” The bill, as currently written, would authorize states to require remote sellers to collect and remit sales tax in accordance with state and local laws, as long as those states are in full compliance with the Streamlined Sales Tax Agreement, a member of the SST, or implement a minimum set of simplification measures.

Learning Objectives

  • The current state of MFA legislation

  • How it may impact your business

  • The potential schedule to comply. It could be sooner than you think.

  • Ways to be ready prior to enactment

Testimonials

"This was probably the best webinar, from my perspective, that I have taken from CPAacademy.org. Very knowledgeable, current and pertinent."

"This was a very important and timely subject. It was very informative and presented effectively. The speaker's voice was just right to listen to plus he was very willing to hold over and answer the multitude of questions given to him. I was very glad that you gave us this opportunity to learn more about what is going on in this field. Thanks so much."

"The instructor, Scott Peterson, was very knowledgeable and presented the information in an engaging manner. I enjoyed this webinar."

"The course brought awareness of the importance of the subject I had not previously given attention; from now on I will."

"More than anything, it raised awareness about what's to come in sales tax."

"Excellent information and presentation. Well worth the time."

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Scott Peterson

Avalara
Vice President of U.S. Tax Policy and Government Relations
scott.peterson@avalara.com
(615) 598-4337

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Scott Peterson is Avalara’s Vice President of U.S. Tax Policy and Government Relations. Prior to Avalara, he was the first Executive Director of the Streamlined Sales Tax Governing Board - an organization devoted to making sales tax simpler and more uniform for the benefit of business. Scott also spent 10 years as the Director of the South Dakota Sales Tax Division and 12 years providing research and legal writing for the South Dakota legislature.