Sales and Use Tax – Soup to Nuts

Description

Sales and use taxes are often a company’s biggest tax problem, particularly in Colorado. In this class we will begin with the basics and build on them until we are tackling some of the most troublesome sales tax issues confronting your business or clients.

In this four-hour presentation, Bruce Nelson, M.A., CPA, will provide an introduction and deep dive into sales and use tax. Using concrete examples, Bruce will explain both the theory and practice that are driving today’s current sales/use tax controversies and developments. It is impossible to know the sales/use tax laws of 45 states and the 71 home-rule Colorado cities, so the emphasis will be on what we can know and, most importantly, the skills necessary to approach and address the sales and use tax issues with which you are confronted. An accompanying manual will include the material provided in class plus additional coverage that will serve as a springboard for your further research.

Learning Objectives
  • To understand where a business must file sales and use tax returns
  • Learn how to approach new and ambiguous tax challenges
  • Learn about tax obligations and exemptions you might have missed
  • Gain the skills necessary to identify and manage current sales tax developments
Major Topics
  • Nexus – where do I have to file?
  • The most common taxable and non-taxable transactions
  • Properly sourcing sales for Colorado, home-rule cities, and other states
  • Discussion of the most common problem areas:
    – Is it taxable? – the true-object text
    – Manufacturing
    – Contractors and construction
    – Software as a Service (SaaS) and other intangibles
  • Review of the latest developments
Provider
Colorado Society of CPAs
Course Level
Update
CPE Field of Study
Tax
4
Who Should Attend

Anyone in either public practice or industry who is responsible for sales and use tax compliance and planning.

Instructor(s)
Bruce Nelson
Prerequisites

None

Location
Webcast
Event Information
When
Oct 19, 2021
8:30 am - 12:30 pm MDT
Location
Webcast
Format
Webcast

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$185.00

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$264.00
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Sales and Use Tax – Soup to Nuts


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