Sales Tax & More

Here's a glimpse of what you'll learn:

• The history of use tax

• What is use tax?

• What is a vendor's use tax? Why is it relevant to use tax?

• What is a consumer's use tax?

Here's a glimpse of what you'll learn:

• Why is the most common response to taxability "it depends"?

• Why are there so many variables when it comes to taxability?

• What is Tangible Personal Property (TPP)?

• Are services taxable?

Here's a glimpse of what you'll learn:

• What rates should I use?

• Local Rates: Origin vs. Destination Based Sourcing

• How do rates and sourcing relate to each other?

• Does physical presence matter for sales tax anymore?

• Myth 1: "I don't have to worry about sales tax nexus if I am under the economic threshold"

• Myth 2: "It's never been a problem before and it won't be a problem in the future"

• Myth 3: "Registering for sales tax creates income tax nexus"

• What are the most common sales tax pitfalls?

• What should someone do if they've never paid sales tax?

• What should someone do if they're not registered in the correct number of states?

• What is the difference between physical and economic nexus?

• Economic Nexus vs. Physical Nexus Details

• The difference between online vs. paper returns

• Three of the most common methods for balancing

• Notice management

• The discrepancies between tax collected and tax remitted

• Which rate should someone use when collecting tax? And do states and local jurisdictions have the same rates?

• What the difference between origin based and destination sourcing?

• Where are tangible personal property (TPP) and digital property sourced? Are there differences between how they are sourced?

• What red flags can trigger and audit? What are some big things someone should be paying attention to?

• How can someone be proactive when it comes to preparing for a sales tax audit?

• Who would STM's audit defense service benefit? Who is not right for it? Who should be looking for this?

• When materials are moved to out-of-state job sites, do they trigger use tax obligations?

• What are the hidden nexus risks of warranties, repairs, and subcontractor work?

• How can someone understand when registration is required and when it's not required?

• What can an exemption be applied to?

• How do you obtain an exemption certificate?

• Who is and isn't a good fit for STM's exemption certificate management service?

• What are the most aggressive states conducting audits right now?

• Why is Artificial Intelligence (AI) a bad idea for sales tax?

• What is the connection between marketplaces and economic nexus?

• What type of documentation should a vendor collect from their customers that claim they do not meet the economic nexus for a specific state?

• What is the best way to resolve sales tax collected in the wrong states?

• Is it the seller's or purchaser's responsibility to make sure use tax is paid?