SlideShare a Scribd company logo
1 of 12
Sales and Use Tax Basic Information to Protect Your Company     Presented by Michael A. Kochis Presented November 9, 2006
  Disclaimer   This program presents introductory information about general sales and use tax requirements.  It is not a substitute for competent tax and/or legal advice when dealing with the complexities of complying with the various state sales and use tax statues for your individual business.
Definitions ,[object Object],[object Object],[object Object],[object Object]
Definitions  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Requirements of a Business ,[object Object],[object Object],[object Object],[object Object]
Applying Sales Tax   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Applying Sales Tax ,[object Object],[object Object],[object Object],[object Object]
Use tax requirements ,[object Object],[object Object],[object Object],[object Object],[object Object]
Using Resale Certificates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Reporting Taxes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Credits for Sales Tax ,[object Object],[object Object],[object Object],[object Object]
The Audit ,[object Object],[object Object],[object Object],[object Object],[object Object]

More Related Content

What's hot (9)

Maximize Profits: Tax Planning for Companies Operating Outside the U.S.
Maximize Profits: Tax Planning for Companies Operating Outside the U.S.Maximize Profits: Tax Planning for Companies Operating Outside the U.S.
Maximize Profits: Tax Planning for Companies Operating Outside the U.S.
 
No take backs
No take backsNo take backs
No take backs
 
Ormita Introduction and Workflow (ENG)
Ormita Introduction and Workflow (ENG)Ormita Introduction and Workflow (ENG)
Ormita Introduction and Workflow (ENG)
 
IAS 18 Revenue
IAS 18 RevenueIAS 18 Revenue
IAS 18 Revenue
 
IAS 18
IAS 18IAS 18
IAS 18
 
Scaling Operations in the Subscription Economy (Subscribed13)
Scaling Operations in the Subscription Economy (Subscribed13)Scaling Operations in the Subscription Economy (Subscribed13)
Scaling Operations in the Subscription Economy (Subscribed13)
 
BAS training Australia
BAS training AustraliaBAS training Australia
BAS training Australia
 
Dvat compliances
Dvat compliancesDvat compliances
Dvat compliances
 
Ias18 full
Ias18 fullIas18 full
Ias18 full
 

Similar to Sales Tax and Use Tax Administration

is Dropshipping legal
is Dropshipping legalis Dropshipping legal
is Dropshipping legal
ASG VIENTIANE BIGBUY Jason
 
Accounting for Merchandising Operation
Accounting for Merchandising OperationAccounting for Merchandising Operation
Accounting for Merchandising Operation
cjkayes
 
Client Connect 2013 - Future of Online Sales Tax
Client Connect 2013 - Future of Online Sales TaxClient Connect 2013 - Future of Online Sales Tax
Client Connect 2013 - Future of Online Sales Tax
ShopVisible
 
Revised Franchise Tax Presentation
Revised Franchise Tax PresentationRevised Franchise Tax Presentation
Revised Franchise Tax Presentation
guest46d032
 

Similar to Sales Tax and Use Tax Administration (20)

PRAUDIT SUTAL
PRAUDIT SUTALPRAUDIT SUTAL
PRAUDIT SUTAL
 
Value Added Tax
Value Added TaxValue Added Tax
Value Added Tax
 
Simplifying Sales and Use Taxes
Simplifying Sales and Use TaxesSimplifying Sales and Use Taxes
Simplifying Sales and Use Taxes
 
pub422ppth.pdf
pub422ppth.pdfpub422ppth.pdf
pub422ppth.pdf
 
is Dropshipping legal
is Dropshipping legalis Dropshipping legal
is Dropshipping legal
 
Sales and Use Tax Information from BOE
Sales and Use Tax Information from BOESales and Use Tax Information from BOE
Sales and Use Tax Information from BOE
 
Impact of Stock Market Transactions in Our Income Tax Return
Impact of Stock Market Transactions in Our Income Tax ReturnImpact of Stock Market Transactions in Our Income Tax Return
Impact of Stock Market Transactions in Our Income Tax Return
 
Puerto Rico: Value Added Tax - Impact on Wholesale and Retail Industries
Puerto Rico: Value Added Tax - Impact on Wholesale and Retail IndustriesPuerto Rico: Value Added Tax - Impact on Wholesale and Retail Industries
Puerto Rico: Value Added Tax - Impact on Wholesale and Retail Industries
 
Sales Tax Compliance and Automation with Vertex SMB
Sales Tax Compliance and Automation with Vertex SMBSales Tax Compliance and Automation with Vertex SMB
Sales Tax Compliance and Automation with Vertex SMB
 
Vat introduction By Nuummite Consulting
Vat introduction By Nuummite ConsultingVat introduction By Nuummite Consulting
Vat introduction By Nuummite Consulting
 
Accounting for Merchandising Operation
Accounting for Merchandising OperationAccounting for Merchandising Operation
Accounting for Merchandising Operation
 
Client Connect 2013 - Future of Online Sales Tax
Client Connect 2013 - Future of Online Sales TaxClient Connect 2013 - Future of Online Sales Tax
Client Connect 2013 - Future of Online Sales Tax
 
How to Manage Sales Tax Compliance in Sage 100_ Manual or Automated
How to Manage Sales Tax Compliance in Sage 100_ Manual or AutomatedHow to Manage Sales Tax Compliance in Sage 100_ Manual or Automated
How to Manage Sales Tax Compliance in Sage 100_ Manual or Automated
 
The Netherlands
The NetherlandsThe Netherlands
The Netherlands
 
Value added tax Nepal
Value added tax NepalValue added tax Nepal
Value added tax Nepal
 
Understanding VAT Liability_ A Beginner's Guide.pdf
Understanding VAT Liability_ A Beginner's Guide.pdfUnderstanding VAT Liability_ A Beginner's Guide.pdf
Understanding VAT Liability_ A Beginner's Guide.pdf
 
Presentation on Accounting Standard 9
Presentation on Accounting Standard 9Presentation on Accounting Standard 9
Presentation on Accounting Standard 9
 
Vat Registration Procedure - Guide
Vat Registration Procedure - GuideVat Registration Procedure - Guide
Vat Registration Procedure - Guide
 
UAE VAT and Its Implication - IRCOCA & ASIL VAT EVENT Presentation
UAE VAT and Its Implication - IRCOCA & ASIL VAT EVENT Presentation UAE VAT and Its Implication - IRCOCA & ASIL VAT EVENT Presentation
UAE VAT and Its Implication - IRCOCA & ASIL VAT EVENT Presentation
 
Revised Franchise Tax Presentation
Revised Franchise Tax PresentationRevised Franchise Tax Presentation
Revised Franchise Tax Presentation
 

More from Credit Management Association

More from Credit Management Association (20)

AnscersX Multibureau Business Trade Credit Report presentation
AnscersX Multibureau Business Trade Credit Report presentationAnscersX Multibureau Business Trade Credit Report presentation
AnscersX Multibureau Business Trade Credit Report presentation
 
Business credit for business owners - Credit Management Association
Business credit for business owners - Credit Management AssociationBusiness credit for business owners - Credit Management Association
Business credit for business owners - Credit Management Association
 
Sales Tax Exemption Certificates
Sales Tax Exemption CertificatesSales Tax Exemption Certificates
Sales Tax Exemption Certificates
 
Cross Cultural Communications
Cross Cultural CommunicationsCross Cultural Communications
Cross Cultural Communications
 
Manage Your Customer's Payment With Speed, Accuracy, Reliability and Savings
Manage Your Customer's Payment With Speed, Accuracy, Reliability and SavingsManage Your Customer's Payment With Speed, Accuracy, Reliability and Savings
Manage Your Customer's Payment With Speed, Accuracy, Reliability and Savings
 
Securing Your Transactions in Latin America and Mexico
Securing Your Transactions in Latin America and MexicoSecuring Your Transactions in Latin America and Mexico
Securing Your Transactions in Latin America and Mexico
 
Financial Statement Analysis - Reading the Numbers Correctly
Financial Statement Analysis - Reading the Numbers CorrectlyFinancial Statement Analysis - Reading the Numbers Correctly
Financial Statement Analysis - Reading the Numbers Correctly
 
Efficiency Models and Methods to Improve Credit Department Performance
Efficiency Models and Methods to Improve Credit Department PerformanceEfficiency Models and Methods to Improve Credit Department Performance
Efficiency Models and Methods to Improve Credit Department Performance
 
Dialing For Dollars
Dialing For DollarsDialing For Dollars
Dialing For Dollars
 
Analyzing Liquidity Using the Cash Conversion Cycle
Analyzing Liquidity Using the Cash Conversion CycleAnalyzing Liquidity Using the Cash Conversion Cycle
Analyzing Liquidity Using the Cash Conversion Cycle
 
Credit Negotiating, 2014 CreditScape, Western Region Credit Conference Semina...
Credit Negotiating, 2014 CreditScape, Western Region Credit Conference Semina...Credit Negotiating, 2014 CreditScape, Western Region Credit Conference Semina...
Credit Negotiating, 2014 CreditScape, Western Region Credit Conference Semina...
 
Saying Yes to the Sale With Limited Information
Saying Yes to the Sale With Limited InformationSaying Yes to the Sale With Limited Information
Saying Yes to the Sale With Limited Information
 
Investigating your Debtor in Mexico, 2014 CreditScape, Western Region Credit ...
Investigating your Debtor in Mexico, 2014 CreditScape, Western Region Credit ...Investigating your Debtor in Mexico, 2014 CreditScape, Western Region Credit ...
Investigating your Debtor in Mexico, 2014 CreditScape, Western Region Credit ...
 
Coloring your collections, 2014 CreditScape, Western Region Credit Conference...
Coloring your collections, 2014 CreditScape, Western Region Credit Conference...Coloring your collections, 2014 CreditScape, Western Region Credit Conference...
Coloring your collections, 2014 CreditScape, Western Region Credit Conference...
 
Collections Best Practices seminar, 2014 CreditScape, Western Region Credit C...
Collections Best Practices seminar, 2014 CreditScape, Western Region Credit C...Collections Best Practices seminar, 2014 CreditScape, Western Region Credit C...
Collections Best Practices seminar, 2014 CreditScape, Western Region Credit C...
 
Antitrust: 2014 CreditScape, Western Region Credit Conference Seminar Slide Deck
Antitrust: 2014 CreditScape, Western Region Credit Conference Seminar Slide DeckAntitrust: 2014 CreditScape, Western Region Credit Conference Seminar Slide Deck
Antitrust: 2014 CreditScape, Western Region Credit Conference Seminar Slide Deck
 
Reliance Credit Network
Reliance Credit NetworkReliance Credit Network
Reliance Credit Network
 
Internet Credit (skip tracing) Tools
Internet Credit (skip tracing) ToolsInternet Credit (skip tracing) Tools
Internet Credit (skip tracing) Tools
 
Social%20 media wrcc
Social%20 media wrccSocial%20 media wrcc
Social%20 media wrcc
 
Mak to sue or not to sue - nacm presentation-2
Mak   to sue or not to sue - nacm presentation-2Mak   to sue or not to sue - nacm presentation-2
Mak to sue or not to sue - nacm presentation-2
 

Recently uploaded

PEMATANG SIANTAR 0851/8063/4797 JUAL OBAT ABORSI CYTOTEC PEMATANG SIANTAR
PEMATANG SIANTAR 0851/8063/4797 JUAL OBAT ABORSI CYTOTEC PEMATANG SIANTARPEMATANG SIANTAR 0851/8063/4797 JUAL OBAT ABORSI CYTOTEC PEMATANG SIANTAR
PEMATANG SIANTAR 0851/8063/4797 JUAL OBAT ABORSI CYTOTEC PEMATANG SIANTAR
doktercalysta
 
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
daisycvs
 
Constitution of Company Article of Association
Constitution of Company Article of AssociationConstitution of Company Article of Association
Constitution of Company Article of Association
seri bangash
 
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
Khaled Al Awadi
 
Powerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metricsPowerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metrics
CaitlinCummins3
 
Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelled
CaitlinCummins3
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Dubai Multi Commodity Centre
 
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
nafizanafzal
 

Recently uploaded (20)

PEMATANG SIANTAR 0851/8063/4797 JUAL OBAT ABORSI CYTOTEC PEMATANG SIANTAR
PEMATANG SIANTAR 0851/8063/4797 JUAL OBAT ABORSI CYTOTEC PEMATANG SIANTARPEMATANG SIANTAR 0851/8063/4797 JUAL OBAT ABORSI CYTOTEC PEMATANG SIANTAR
PEMATANG SIANTAR 0851/8063/4797 JUAL OBAT ABORSI CYTOTEC PEMATANG SIANTAR
 
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
 
Constitution of Company Article of Association
Constitution of Company Article of AssociationConstitution of Company Article of Association
Constitution of Company Article of Association
 
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
 
Beyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic AccountingBeyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic Accounting
 
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementshyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statements
 
Powerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metricsPowerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metrics
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)
 
Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelled
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
 
1Q24_EN hyundai capital 1q performance
1Q24_EN   hyundai capital 1q performance1Q24_EN   hyundai capital 1q performance
1Q24_EN hyundai capital 1q performance
 
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
 
How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...
How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...
How Bookkeeping helps you in Cost Saving, Tax Saving and Smooth Business Runn...
 
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
 
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptxGoal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
 
Stages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerStages of Startup Funding - An Explainer
Stages of Startup Funding - An Explainer
 
HAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future ProspectsHAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future Prospects
 
Global Internal Audit Standards 2024.pdf
Global Internal Audit Standards 2024.pdfGlobal Internal Audit Standards 2024.pdf
Global Internal Audit Standards 2024.pdf
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE Ventures
 
Moradia Isolada com Logradouro; Detached house with patio in Penacova
Moradia Isolada com Logradouro; Detached house with patio in PenacovaMoradia Isolada com Logradouro; Detached house with patio in Penacova
Moradia Isolada com Logradouro; Detached house with patio in Penacova
 

Sales Tax and Use Tax Administration

  • 1. Sales and Use Tax Basic Information to Protect Your Company Presented by Michael A. Kochis Presented November 9, 2006
  • 2. Disclaimer This program presents introductory information about general sales and use tax requirements. It is not a substitute for competent tax and/or legal advice when dealing with the complexities of complying with the various state sales and use tax statues for your individual business.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.