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SALES TAX ISSUES FOR RETAILERS AND REMOTE SELLERS

Please note: This class was designed for industry professionals. Please tell your colleagues who may be interested!
Cost Free
Presentation Length 1.5 hours

Recorded DateSeptember 19, 2014
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes (Sales Tax)
Course LevelBasic
Course Description

Retail industry tax professionals and staff can't just rely on an understanding of the basics of state and local sales and use tax compliance.

The trickiest compliance challenges arise from the basics, so tax staff must understand the proper treatment for coupons, rebates, incentives and the challenges associated with sales tax holidays. Tax pros then need to combine their retail-specific knowledge with a grasp of the differences between the Quill physical presence standard and other types of attribution nexus and the ability to navigate state sales tax variations for online sales for multi-state businesses.

Proficient tax professionals must also understand the impact of the Streamlined Sales and Use Tax Agreement, the potential impact of the Marketplace Fairness Act, and key variations in major states sales tax structures. Only then, armed with this broad-based background, tax staff will be prepared to efficiently and accurately comply with state sales tax requirements.

This webinar will provide suggestions for fine-tuning your company's sales and use tax compliance and planning in response to the latest developments affecting retailers with multi-state presence, physical or online.

Learning Objectives

  • Current Landscape Under Quill

  • Amazon Laws

  • The Marketplace Fairness Act - Current situation - Potential

  • Considerations in fine-tuning a retailer's tax strategy -Coupons and discounts -Practical issues faced by corporate taxpayers -Problematic products and services -Tax planning

  • Considerations in fine-tuning a retailer's tax strategy -Coupons and discounts -Practical issues faced by corporate taxpayers -Problematic products and services -Tax planning

  • Review these and other key ideas: Which administrative and court rulings, rules, SSTP matrix changes, etc. should get a multi-state company's attention? The Marketplace Fairness Act: How is it expected to impact businesses' sales tax compliance? Discounts and coupons: What are the key pitfalls in accurate compliance? Sales tax holidays: Analyzing and understanding the differences between states. Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A. Upon completing this seminar, you will be current in sales and use tax treatment affecting retailers, in states where your company has sales or use tax obligations. Tax professionals will be better positioned to refine your company's overall compliance and tax planning efforts in response to such changes.

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Miles

Monika founded Miles Consulting Group in 2002. The firm focuses on multi-state tax consulting—helping clients navigate state tax issues such as sales tax and income tax in interstate commerce, including e-commerce. For instance, Monika works with technology clients answering questions such as “What are the sales tax ramifications of selling our new widget into the following 15 states?” Prior to forming the firm, Monika worked for over 11 years in Big 4 Public Accounting and 1 year in industry. Monika has provided such services as federal and state income/franchise tax compliance and consulting, sales/use tax consulting, audit support, and credits and incentives reviews. She has served clients in a variety of industries. Monika graduated from the University of Texas at El Paso (UTEP) with a BBA in Accounting/Finance and has a Masters in Taxation from San Jose State University. Her professional affiliations include the AICPA, CalCPA, Texas Society of CPAs, NAWBO-Silicon Valley, and the Accounting & Financial Women’s Alliance, where she has served in many capacities, including National President (2011/2012). Monika has served as a speaker for various organizations such as the AFWA, Financial Women’s Association - San Francisco, San Jose State University, The University of Texas at El Paso, and Beta Alpha Psi (regional and national conferences), as well as providing customized training for CPA firms and technical webinars. Monika is honored to be recognized nationally as one of the 25 Most Powerful Women in Accounting by CPA Practice Advisor from 2012 through 2015 and as a 2014 Woman of Influence by the Silicon Valley Business Journal. Monika’s passion is participating annually in fundraising for the American Cancer Society’s “Making Strides Against Breast Cancer.” She has volunteered for the event for 17 years (since its inception in the Bay Area), raising almost $200,000 during that time. Finally, in addition to multistate work, Monika recently launched her "Jumpstart Your Rainmaking" programs. Jumpstart helps professionals who sell their services put an actionable plan around building relationships which lead to business. Her mix of webinars, group training and coaching help create a plan for professionals at all levels.

About Our Presenter

Miles
We provide a full range of services, designed for our clients. At Miles Consulting Group, you won’t find a “one-size-fits-all” approach to client service. While we have proven processes, they are customized to clients’ unique needs. We will work with your staff but we will not overburden them - we are aware of the time constraints placed upon in-house staffs and design our workplans ahead of the project. We welcome the opportunity to work in tandem with our clients’ operations personnel and internal and external accounting and legal staffs.