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Managing Exemptions and Resale Certificates

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

Many businesses don't understand how sales tax compliance laws apply to them, especially since economic nexus laws were passed since 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.

64 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Nexus

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

Customer Experience

  • The Challenge for Internal Customer (Validating/Maintaining)
  • 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
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on September 28, 2023.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Eric Carrasco

Eric Carrasco

Avalara

  • Senior Product Marketing Manager, Customer Intelligence at Avalara
  • Specializing in win/loss analysis and competitive intelligence
  • Nearly 10 years’ experience as an indirect tax manager for Prager Metis, CPAs and PM Business Advisors (PMBA)
  • Expert in helping hundreds of businesses navigate multi-state sales and use tax obligations through audit defense and liability mitigation strategies
  • Assisted clients in various industries, including retail, luxury goods, manufacturing, real estate, construction, medical, and digital spaces
  • Led the production of an exemption certificate management platform for PMBA’s clients during his time there
  • Additional work includes due diligence for Mergers & Acquisitions (M&As), tax recovery, tax technology implementation, tax guidance memos, and petitions for state advisory opinions
  • Can be contacted at [email protected]
Maria Tringali

Maria Tringali

Avalara

  • Senior Solutions Consultant at Avalara
  • Provides training, education, and support for Avalara’s sales reps, technology and reselling partners, and prospective customers on the importance of getting compliance right, even if very little retail sales tax is charged
  • Offers support for business license management, assisting businesses with physical locations and onsite projects to improve their license application and management process
  • Expertise includes sales tax and business license compliance, application of tax laws to businesses, avoiding liability with tax authorities, and promoting technology and automation over human labor
  • Regularly conducts webinars, CPE courses, and training sessions for CPAs, financial application developers, web developers, finance professionals, and businesses of all kinds
  • B.A. degree in business administration, Cal Poly, San Luis Obispo, CA
  • Can be contacted at [email protected]
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409319
Published 2023
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