Course Description
Arizona and Nevada multistate sales and use tax made simple: find out what you need to know to survive.
You can avoid crippling fines and make tax audits manageable with an updated knowledge of multistate sales and use tax rules and regulations. Attend this seminar and get that knowledge from local speakers who make tax compliance their business.
Register today and understand the multistate sales and use tax complexities that confound many business owners. You will find out what's taxable, the best way to handle nexus issues and how to survive audits. Don't end up with the penalties and interest that are so dangerous for your budget in this volatile economy - register today.
Who should attend?
This seminar is designed for accountants, controllers, accounts
payable professionals, CFOs, tax managers, preparers and officers, and
attorneys.
Benefits for You
- Get ahead in your field - properly handle industry-specific issues
- Stay off the revenue department's radar with compliant tax practices
- Know your sales tax obligations and keep your organization audit-ready
- Learn easy ways for determining what's taxable and what's exempt
Learning Objectives
- You will be able to review special Nevada sales and use tax issues.
- You will be able to discuss Arizona's transaction privilege tax.
- You will be able to describe Arizona's unique structure for taxing construction.
- You will be able to identify city tax on new residential and commercial construction.
Agenda
8:00 AM - 8:30 AM |
Registration |
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8:30 AM - 9:15 AM |
Overview of Nevada Tax |
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— James Barash, CPA and Brooke Wilson |
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- Basic Principles of:
- Sales and Use Tax
- Tax Base
- Gross Receipts
- Exclusions
- Exemptions and Deductions
- Tax Credits
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9:15 AM - 10:15 AM |
Special Nevada Sales and Use Tax Issues |
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— James Barash, CPA and Brooke Wilson |
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- Construction Contracting
- Leasing
- Sourcing
- Software, Licensing, Hosting and Downloading
- Complimentary Items
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10:15 AM - 10:25 AM |
Break |
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10:25 AM - 11:45 AM |
Exemptions |
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— James Barash, CPA and Brooke Wilson |
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- Transactions With and by Native Americans, Government and Nonprofits
- Out-of-State Sales
- Resale
- Casual/Occasional Sales, Including Sale of a Business
- Other Exemptions
- Certificate and Other Documentation Requirements
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11:45 AM - 12:45 PM |
Lunch (On Your Own) |
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12:45 PM - 2:30 PM |
Overview of Arizona's Transaction Privilege Tax |
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— Pat Derdenger and Benjamin F. Gardner |
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- Tax Base for the Transaction Privilege Tax (TPT)
- Key Differences From a Traditional Sales Tax
- Who Imposes a TPT? State, Counties and Cities
- Overview of the State and County Taxable Classifications (Retail, Rental, Amusements, Prime Contracting, Utilities, etc.)
- Significant Deductions Under the Retail Classification, Including the Machinery and Equipment Deduction
- City Sales Tax and the Model City Tax Code - Different From the State/County Sales Tax Statute
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2:30 PM - 3:15 PM |
Arizona's Unique Structure for Taxing Construction |
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— Pat Derdenger and Benjamin F. Gardner |
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- The Prime Contractor Is Taxable
- Subcontractors Are Exempt
- Sales of Building Materials to Contractors Are Exempt
- Design/Build Contracts and Preconstruction Services
- Contracting With Governments and Native Americans
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3:15 PM - 3:25 PM |
Break |
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3:25 PM - 3:45 PM |
The City Speculative Builder Tax – Arizona's Hidden Land Transfer Tax |
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— Pat Derdenger and Benjamin F. Gardner |
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- City Tax on New Residential and Commercial Construction
- Speculative Builder Defined
- Speculative Builder Tax Base
- Significant Exemptions and Credits
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3:45 PM - 4:30 PM |
House Bill 2111: Sales Tax Simplification Coming in 2015 |
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— Pat Derdenger and Benjamin F. Gardner |
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- Background on HB 2111
- Tax Reporting Simplifications
- Audit Procedure Changes
- Changes to Arizona's Construction Tax Regime
- Arizona Sales Tax Simplification and Compliance With the Marketplace Fairness Act
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