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Course/Product Description
Title:

Managing Exemptions and Resale Certificates

SKU:WC-1018028
Date / Time: Recorded
Format: Webinar
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Description:

Managing Exemptions and Resale Certificates

The policies and procedures that corporate tax staff implements for requiring, verifying, storing, and retrieving exemption and resale certificates are critical in preventing mistakes or oversights that cost dearly during a sales tax audit, particularly when multiplied through an audit sample.

Unless the company has outsourced or invested in sophisticated certificate-management technology, human processes are essential. But how reliable is your staff in asking for and verifying exemption certificates? How dependably are certificates scanned or otherwise stored?

Retrieving a certificate demanded by an auditor on short notice may require both sound cataloging and thorough knowledge of the storage system. Insights from advisors who work with sales tax clients in a range of industries can help you tighten your own certificate management. Learn best practices for more efficient handling of exemption certificates at every step of sales tax compliance.

Agenda

Trends in State and Local Sales Tax Audits

  • Increasing Numbers, and Greater Frequency, of Audits
  • Types of Exemption Certificates and Requirements
  • Implications for an Audit Sample
Procedures for Gathering and Validating Certificates at the Purchase Location
  • Exemption Certificate Policy
  • Staff Training and Involvement With Various Departments
  • How Your Corporate Tax Department Can Lead and Improve the Process
Audit-Related Issues
  • Sales and Purchase Audit
  • Drop Shipments
  • Nature of Documentation
Alternatives for Storing Certificates
  • Evaluating Traditional Manual Approaches vs. Automation
  • Cost vs. Benefit
  • Need for Formal Company Policy on How Long Can Certificates Be Kept on Record
About The Presenters

David McIntyre, CMI
  • Senior tax manager in BDO USA LLP Southwest Region Sales and Use Tax Practice
  • More than 11 years of experience in state and local sales and use taxation
  • Worked in the Sales and Use Tax Practice of a Big 4 Accounting Firm for 5 years
  • Managed sales and use tax audit defense, managed audit, and overpayment review engagements for companies in the manufacturing (equipment and chemical), oilfield services, exploration and production, and grocery retail industries
  • Worked entire career in Sales and Use Tax Practices of a public accounting or consulting firm
Steve Oldroyd, CPA
  • Leads the BDO USA LLP Western Region’s Sales and Use Tax, and Property Tax Consulting Practices
  • More than 25 years of experience in state and local taxation
  • Worked for the California State Board of Equalization for 10 years as a senior tax auditor in Silicon Valley
  • Instructor for the board’s audit staff sales tax continuing education training and update classes
  • Worked several years in industry and public accounting, holding positions equivalent to director of state and local taxes
  • Management experience includes a large specialty retailer, a Fortune 100 computer manufacturer and a Big Four accounting firm


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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