Program Description:

Now you can gain the sales and use tax knowledge base it takes to avoid costly accounting mistakes —­ without consulting a tax attorney. This one-day session is designed to help you master the ins and outs of meeting your tax obligations.

What You'll Learn:

• Expert insight into what the sales and use taxes are ... and how they're changing business today
• Definitions you must be aware of if you ever want to gain a better understanding of this complicated legislation
• What's legally considered to be a transaction ... and which ones are taxable
• How to take advantage of tax breaks — you may not realize how much you're entitled to
• What penalties you could face if state authorities don't feel you've paid enough
• What third-party delivery charges are ... and if you need to pay taxes on them
• How to determine when a buyer becomes an owner ... the answer may surprise you
• Services vs. tangible property: How your responsibilities change according to each
• How the mail-order use tax could end up affecting every single one of your customers
• How to determine just who has to pay the taxes on returns and trades
• What circumstances could increase your tax liability — and decrease your company's bottom line
• How to keep up with your changing legal obligations according to whether you are buying or selling
• A valuable warehouse strategy that could make your tax liability disappear
• Tips that will help take the confusion out of applying for exemption certificates
• How you should deal with tax credits ... refund opportunities ... and overpayments
• When you must register as an out-of-state vendor or risk being in violation of the law
• Tax procedures for handling — and filing — bad debts
• The only situations where you will not have to pay a local sales tax
• The trickiest areas of use tax returns ... and how to sidestep the common pitfalls
• How the multistate compact affects your company — and your job responsibilities
• How to avoid getting bogged down with invoices and steamroll through use tax collections
• Is the time you spend on the phone inflating your taxes? Find out here
• When a company's advertising expenses become taxable
• What changes you should make now to prevent costly legal mistakes later
• Valuable techniques you can use to get — and keep — your company audit-ready
• What type of unintentional blunders you could be held personally accountable for
• Straight talk about preparing for a judicial review so you won't do more harm than good
• How sales and use taxes impact your company

Who Should Attend?

Accounting and purchasing professionals who want to gain a comprehensive understanding of sales and use taxes — and avoid costly legal problems.