Managing Exemptions and Resale Certificates

$199.00

SKU: 409319

Description

Learn best practices for more efficient handling of exemption certificates at every step of sales tax compliance.
Many businesses dont understand how sales tax compliance laws apply to them, especially since economic nexus laws were passed since 2018. Businesses are also unaware of the financial risk noncompliance can create for their business and possible business owners. In addition, most businesses dont realize that the laws in most states apply to taxable and taxexempt sales, whether or not they are selling online. This presentation will help financial professionals and the businesses they support to understand how current sales tax compliance laws may impact their business. This webinar will help people understand the practices they can implement to avoid unnecessary liability.

Date: 2023-09-28 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to define areas where compliance may affect customer experience.

* You will be able to describe why you could be on the hook for noncompliance.

* You will be able to identify why your buyers are tax exempt.

* You will be able to recognize what nexus is and how the laws may apply to your business.

Nexus
• Nexus Defined
• Economic and Physical Nexus
• Effect on Tax Exempt Sales

Customer Experience
• The Challenge for Internal Customer (Validating/Maintaining)
• The Challenge for the External Customer (Knowing What to Provide)
• Avoiding Order Delays

Omni-Channel Compliance
• Ecommerce B2B
• In Store
• Traditional
• In the Field

Avoiding Liability
• Audit Red Flags
• Potential Fines and Penalties
• Drain on Resources

Best Practices
• Know Where Your Business Must Collect and Remit
• Get Registered
• Collect and Maintain Accurate Certificates
• Calculate Tax Correctly When Needed
• Report and/or Remit

AIPB ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Eric Carrasco-Avalara, Maria Tringali – Avalara