Virtual
Infinite Barcodes—Are Your Products Mapped Correctly? 2023
Date: June 2, 2023
Time: 8 – 10 a.m. PT
Overview
If you need to know how to classify your products and services correctly, then you are in the right place! This presentation will explore the basics of reviewing and updating your product taxability matrices, the concepts of bundled transactions and digital property, and how to apply taxability rules to your accounting system. We will also discuss identifying proper invoicing and reporting for audit examinations and the importance of Private Letter Rulings (PLRs) as an audit defense.
Product Code
1000002031-118943
Credit Type
CPE: 2CPE-Technical: 2Intended Audience
CPAs, attorneys, bankers, Enrolled Agents, financial professionals and professional staff.
NASBA Field of Study
Taxes
Level of Difficulty
Intermediate
Prerequisites
Familiarity with Sales and Use Tax (SALT) tax returns.
Advance Preparation
Some knowledge of Sales and Use Tax preferred.
Learning Objectives
Major Subjects
- Have you seen your company's invoices, contracts and P.O.s?
- Reviewing and updating product taxability matrixes
- Applying taxability rule to accounting systems
- Understanding bundled transactions and digital property
- Audit defense - importance of Private Letter Rulings (PLRs)
Faculty
Additional Details
This course was recorded on 5/15/2023. The instructor will be available via the chat feature to answer questions during the presentation.