Sales and Use Tax - Best Practices-Online Webinar

Friday, May 05, 2017 at 10:00AM - 1:00PM
Fremont, CA

Event Details

Most companies do not have a good handle on the sales and use tax compliance requirements in the states where they do business. States are becoming increasingly complex as to what constitutes a "substantial business presence" and therefore, the need to register and remit sales tax. Use tax is an even more complex area, and compliance is around 20%. The ultimate weapon states have at their disposal is the sales and use tax audit, which consumes staff time and resources. State auditors can sometimes be aggressive, even when no liability is ultimately proven.

Objectives Of The Presentation
  • Essentials you need to know as an accounts payable professional responsible for collecting and remitting sales and use tax
  • Lesser-known scenarios that cause many states to determine that you need to register and remit sales tax
  • How best to measure cost basis for the use tax so that your company does not overpay
  • How best to handle a sales and use tax audit so that you're fully prepared, and able to minimize staff time and resources
  • Concept of reciprocity and how you can use it to minimize (or even eliminate) use tax liability
Why Should you Attend
This training program will explore the origins of the sales and use tax, explore how and when it applies, and discuss ways to legally minimize (or even eliminate) liability. Sales and use tax is among the most complex areas of compliance for accounting professionals. Given that each state regulates the tax in its own way, companies that operate in multiple states have a detailed (and sometimes costly) compliance burden. Additionally, the use tax is often misunderstood, misapplied and overpaid. Best practices for dealing with a sales tax audit will also be explored in the webinar.

Areas Covered
  • The origin of the Sales and Use Tax
  • Nexus - determining whether you should register in a given state for Sales Tax purposes
  • The Use Tax - cost basis and ensuring you don't overpay
  • Reciprocity Agreements - How states give you credit for taxes paid to another state
  • The Sales and Use Tax Audit - Don't panic…..be prepared!
  • The "Absorption" Concept - How to use the Sales Tax as a competitive pricing tool (where legal)
  • How your advertising expenses can inadvertently cause you to owe Sales Tax!
  • Sales and Use Tax best practices
Who will Benefit
  • Tax Managers
  • CFOs
  • Controllers
  • Accounting Managers
  • Auditors
  • Compliance Managers & Risk Managers.

For Registration


Note: Use Promo code WE3PL and get 10% off on registration (Valid till MAY 31st 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. OCP believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

The content in various categories such as medical devices, pharmaceuticals and biotechnology will raise the bar in terms of quality already on offer .We hope to contribute to the creation of responsible organizations creating benchmarks in quality, integrity and transparency.

Online Event
38780 Tyson Lane, Apt 210
Fremont, CA 94536

Starts May 05, 2017 at 10:00AM - 1:00PM

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Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896