Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Current Issues in Software Taxation

Keep yourself compliant and make sure you are familiar with the complexities of software taxation.

Existing tax and legal frameworks vary tremendously among states in such areas as cloud computing, electronically delivered software, and the treatment of prewritten vs. custom software. Sellers of software and buyers alike need to understand the proper income tax and sales/use tax treatment of these areas. The speaker demonstrates the value of up front tax planning when making large software investments or for sellers, entering new markets in the U.S. Such planning is critical to avoiding surprise, material tax assessments and added state-local expense. The tools provided will assist you in taking control of your company's state and local tax environment rather than putting in the hands of tax authorities, customers and vendors.

Runtime: 113 minutes
Purchase Options

More Program Information

Why Lorman?

Over 31 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

Software and the Multistate Tax Environment

  • Software and Computer Services - What Are We Talking About?
  • The "Big Picture": Trends in the Taxation of Software
  • What's at Stake - States vs. Businesses

Sales and Use Taxes

  • Software - a Definitional Framework and Its Sales/Use Tax Significance
  • Seller vs. Buyer Considerations
  • Nexus - Does "Quill" Still Matter?
  • Streamlined Sales and Use Tax Agreement - Impact on the Software Issue
  • Mode of Software Delivery and Situs of Software Transactions
  • Cloud Computing - a Service or Licensed Software?
  • Exemptions That May Apply e.g. Resale, Manufacturing
  • Specific States and Their Treatment of Software
  • Bundled or Mixed Service Transactions - Where Does the Internet Fit In?

Income and Business Enterprise Taxes

  • Software Definitions - Income vs. Sales/Use Tax
  • Nexus - the Wild West?
  • Apportionment
  • Specific State Apportionment Rules
  • Other Business Enterprise Taxes e.g. Ohio CAT, Washinton B&O, Virginia County BPOL

Practical Issues and Planning Strategies

  • Sales Tax - Software Vendor Considerations e.g. License Agreement vs. Service Fee, Nexus Planning, Quality of Sale Data, Exemption Certificates
  • Use Tax - Buyer Considerations e.g. Documenting Software Investments, Unbundling Mixed Transactions, Proper Use of Exemption Certificates
  • Income and Franchise Taxes - Nexus Planning, Quality of Apportionment Data, Measuring Cop, Throwback - Throw out Rules and Other Issues
  • Managing Tax and Financial Risk Related to Software e.g. Asc 740 (Fin 48), Quality of Internal Controls
Purchase Options

More Program Information

Why Lorman?

Over 31 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 Webinar

This course was last revised on March 22, 2018.

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

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

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.7
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

Purchase Options

More Program Information

Why Lorman?

Over 31 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

Alyssa Geracie, CPA

Alyssa Geracie, CPA

Baker Tilly Virchow Krause, LLP

  • Senior manager with Baker Tilly Virchow Krause, LLP; joined the firm in October 2011
  • Specializes in tax consulting, planning, and compliance within Baker Tilly’s state and local tax practice
  • Experience with multistate corporation and franchise tax, sales and use tax, property tax, and business credits and incentives
  • Client base includes companies in the construction, software, and manufacturing industries
  • Develops and implements income tax saving strategies for multistate business clients; reviews and analyzes state tax implications of business purchase and sale issues; works closely with software as a service provider to minimize tax and risk exposure; provides dispute resolution services, including state tax audits, appeals, private letter ruling requests, and voluntary disclosures; offers state tax compliance solutions including return preparation and tax outsourcing
  • B.S. degree in accounting, University of Wisconsin - La Crosse
Myles Metzger, CPA

Myles Metzger, CPA

Baker Tilly Virchow Krause, LLP

  • Senior accountant with Baker Tilly Virchow Krause, LLP; joined the firm in January of 2016
  • Specializes in tax consulting, planning, and compliance within Baker Tilly’s state and local tax practice
  • Experienced in multistate corporation and franchise tax, gross receipts and business entity taxes, sales and use tax, property tax, etc.
  • Works with a diverse client base, including companies in manufacturing, construction, agriculture, software, retail and service industries
  • B.S. degree in accounting and finance, University of Wisconsin - La Crosse
Jon P. Skavlem, CPA, M.S., M.P.P.A.

Jon P. Skavlem, CPA, M.S., M.P.P.A.

Baker Tilly Virchow Krause, LLP

  • Firm director of State & Local Taxes in the Milwaukee office of Baker Tilly Virchow Krause, LLP
  • Leader in Baker Tilly’s SALT practice and consults across a wide range of industries, software and IT, manufacturing, construction/real estate, financial institutions and services
  • More than 35 years in the field of state and local taxation including national accounting firm SALT practices and state revenue agency experience
  • Frequent speaker on state and local tax topics including software, cloud-computing, nexus, and multistate tax planning; presentations and webinars include: Avalara, Chicago Tax Club, Chicago Bar, Financial Executives Institute, Lorman Education Institute, Wisconsin Bar, WICPA, Construction Financial Managers’ Association, Tax Executives Institute, WEDC and Baker Tilly International
  • Wrote articles on state and local tax considerations in due diligence investigations, state tax issues and planning opportunities in the debt buying and debt collection industry, cost of performance vs. market sourcing for state income tax purposes and SALT planning and compliance issues for real estate management businesses
  • Member of AICPA, WICPA (chairman – Wisconsin Taxation Committee), WMC Taxation Committee, Wisconsin SALT Club (Board of Directors), and Baker Tilly International SALT Committee (former chairman)
  • M.S. degree in accounting; master’s of public policy and administration degree; B.A. degree in political science and philosophy, University of Wisconsin – Madison
  • Can be contacted at 414-777-5333, [email protected] or see LinkedIn® profile for additional information
Purchase Options

More Program Information

Why Lorman?

Over 31 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.

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

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

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

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 401599
Published 2018
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!