If you need to know how to properly classify your products and services, then you are in the right place! During this presentation, we will explore the basics of how to review and update your product taxability matrices, explore the concepts of bundled transactions and digital property, and how to apply taxability rules to your accounting system. We will also discuss how to identify proper invoicing and reporting for audit examinations and the importance of Private Letter Rulings (PLRs) as an audit defense.
Determine correct reporting of taxable products and services. Recognize bundled transactions. Identify proper invoicing and reporting for audit examination.
Determine correct reporting of taxable products and services. Recognize bundled transactions. Identify proper invoicing and reporting for audit examination.
CPAs, attorneys, bankers, Enrolled Agents, financial professionals, professional staff.
Familiarity with Sales and Use Tax (SALT) tax returns.
Some knowledge of Sales and Use Tax preferred.