Sales tax and use tax are complementary. If you make a purchase of taxable property and the seller doesn’t collect sales tax on the transaction, you are required to pay consumer’s use tax.
The challenge is determining the correct amount of consumer’s use tax to pay. It’s important to do it and to make sure that you’re doing it correctly. Since many companies aren’t aware that they have a use tax obligation, states are frequently on the lookout for use tax audits.
On the other side of the coin, since the Wayfair decision was handed down, many businesses are reacting by collecting sales tax, and this can have a major impact on purchasers. Post-Wayfair, have all your suppliers been collecting tax? If so, can you trust that they are doing it correctly? If someone in your company isn’t monitoring this, your costs could increase and there is a very good chance that you may be overpaying sales and use tax.
In both situations, you need to be sure that you are monitoring and paying the correct amount of sales tax and consumer’s use tax.
Diane L. Yetter, President & Founder, YETTER and Sales Tax Institute
Diane L. Yetter is the “Sales Tax Nerd TM” as well as a strategist, advisor, speaker and author in the field of sales and use tax. She is president and founder of YETTER Tax, a sales tax consulting and tax technology firm in business since 1996. She is also the founder of The Sales Tax Institute, which offers live and online courses to educate business professionals about sales and use tax.
More About Diane L. YetterUse Tax Accrual for Automated and Manual Processes On-Demand Webinar is a 30-day online rental through the popular streaming service, Vimeo.
Click play on the video player to the left to watch a trailer for the course.
To register, click Start this Course below, and you will be taken to a simple web form to complete. From there, you’ll be sent to Vimeo to complete your purchase and gain access to the course.
Relying on the state to determine your use tax liability is not a good position to take. This webinar will offer ideas from simple stand-alone solutions to integrated third party tax engine solutions that can help reduce the time involved from the accounts payable department on this critical task.
When use tax is properly tracked and reported….
In addition, you’ll learn how to keep track of what your suppliers are doing when it comes to charging sales tax on your purchases. You’ll learn about options such as direct pay authority and purchasing companies as ways to take control. Knowing your options and finding the right tool to fit your needs is key to paying the right amount of sales and use tax, every time.
Your Teaching Staff
In this 90-minute on-demand webinar, sales tax expert Diane Yetter of the Sales Tax Institute will help you to eliminate any uncertainty you have about use tax. Don’t get caught with a potentially costly use tax liability. Rent this webinar to learn how to minimize risk, stay compliant in a cost-effective manner, and protect your company in case of a use tax audit.
The All-Access Webinar Pass grants you the ability to attend an entire year’s worth of Sales Tax Institute live webinars and access all existing on-demand webinars!
As a busy tax pro, it can be hard to find quality professional development throughout the year. The All-Access Webinar Pass takes care of all your required sales tax training in one easy step. Learn from the experts about the sales and use tax issues that matter with access to the Sales Tax Institute’s monthly live webinars and full, unlimited access to the Sales Tax Institute’s on-demand webinars.
Custom sales and use tax trainings are available for those needing a specialized program.