Properly Managing Customer-Provided Exempt Certificates

Qty: On-Demand ($219.00)

Course Summary:

Learn best practices for more efficient handling of exemption certificates at every step of sales tax compliance.

Course Details:

Many businesses don't understand how sales tax compliance laws apply to them, especially since economic nexus laws were passed in 2018. Businesses are also unaware of the financial risk noncompliance can create for their business and possible business owners. In addition, most businesses don't realize that the laws in most states apply to taxable and tax-exempt 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.What You'll Learn:Nexus

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

Customer Experience

• 
  The Challenge for Internal Customer (Validating/Maintaining)
• Bullet
  
• 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