Course Description
Get crucial tax strategies you need to lessen sales and use tax liabilities for Pennsylvania manufacturers.
Manufacturers may qualify for numerous exemptions and exclusions from sales and use tax, which may greatly reduce overall costs. Increased interest in sales and use tax collections make it more important than ever for Pennsylvania manufacturers to ensure compliance in order to avoid substantial liabilities. Failure to meet all of the documentation requirements may result in the assessment of tax, penalties and interest.
This seminar will contain an in-depth review of sales and use taxes as they apply to manufacturers doing business in Pennsylvania, along with many of the common opportunities and pitfalls that frequently surprise businesses operating in the manufacturing industry. Register today to sharpen your skills and learn ways to operate within the rules to reduce sales and use tax liabilities.
Who should attend?
This seminar is designed for controllers, CFOs, tax managers
and officers, enrolled agents, purchasing agents and buyers, inventory
managers, bookkeepers, accountants and attorneys.
Benefits for You
- Discover how to maintain documentation to facilitate audit preparedness
- Determine what is taxable and what is not
- Understand where exemption of production process begins and ends
- Learn when nexus rules apply to manufacturers
Learning Objectives
- You will be able to review sales and use tax issues.
- You will be able to identify exclusions and exemptions for manufacturers.
- You will be able to discuss compliance.
- You will be able to describe recent and pending developments.
Agenda
8:00 AM - 8:30 AM |
Registration |
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8:30 AM - 10:00 AM |
Sales and Use Tax Overview |
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— Sharon R. Paxton |
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- Introduction
- Essential Concepts and Terminology
- Nexus for Taxation
- Overview of Exclusions and Exemptions
- Realty vs. Personalty: Taxation of Construction Contracts
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10:00 AM - 10:10 AM |
Break |
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10:10 AM - 12:15 PM |
Exclusions and Exemptions for Manufacturers |
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— Keith A. Hunter |
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- The Manufacturing (Producer) Exclusion
- The Resale Exclusion
- Other Applicable Exemptions for Manufacturers
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12:15 PM - 1:15 PM |
Lunch (On Your Own) |
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1:15 PM - 2:00 PM |
Taxation of Services Used by Manufacturers |
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— Sharon R. Paxton |
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- Introduction
- Services to Tangible Personal Property
- Help Supply Services
- Employment Agency Services
- Secretarial and Editing Services
- Credit Reporting Services
- Adjustment and Collection Services
- Building Maintenance and Cleaning Services
- Self-Storage Services
- Disinfecting and Pest Control Services
- Lawn Care Services
- Lobbying Services
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2:00 PM - 2:30 PM |
Compliance |
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— Keith A. Hunter |
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- Responsibilities for Sales and Use Taxes
- Exemption Certificates
- Direct Pay Permits
- Licensing
- Keeping Records
- Tax Returns
- Interest
- Penalties, Crimes and Offenses
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2:30 PM - 3:10 PM |
Audit, Collection and Appeals |
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— Keith A. Hunter |
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- Audit and Assessments
- Administrative and Judicial Appeal
- Liens for Taxes
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3:10 PM - 3:20 PM |
Break |
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3:20 PM - 4:05 PM |
Special Topics |
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— Sharon R. Paxton |
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- Bad Debts
- Computer Software and Services
- Taxes Paid, Purchases Resold (TPPR)
- Property Held for Use Outside Pennsylvania
- Isolated Transactions
- Bulk Sales and Transferee Liability
- Personal Liability of Corporate Officers
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4:05 PM - 4:30 PM |
Recent/Pending Developments |
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— Sharon R. Paxton |
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- Recent Legislative Developments
- Recent Cases
- Administrative Guidance
- Audit Issues
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