Procurement Cards and Sales Tax Compliance: Mastering the Complexities
Avoiding State Sales Tax Traps and Compliance Challenges, Navigating Audit Issues
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will prepare tax professionals with the tools and practical perspectives needed to sharpen their compliance practices for procurement card sales tax. The panel will review recent state developments on taxation of P-card purchases; state tax traps to avoid; and methods in managing and preventing audits.
Outline
- Examples of how specific states handle P-card transactions
- Compliance issues and options
- Working with issuers of P-cards
- Recordkeeping priorities
- Best practices for companies using P-cards
Benefits
The panel will provide guidance and thoroughly brief tax executives on:
- Knowing which states charge sales tax on nearly all items commonly purchased with procurement cards and which states tax only certain purchases such as meals and hotel rooms
- Taking an assertive role in preparing procurement and sales staffs to use procurement cards without making sales tax mistakes
- Principal methods in managing and preventing state sales tax audits
- Improving your compliance efficiency with adjustments to your own sales tax-compliance processes, both as a purchaser and seller
Faculty
Thomas J. Fleming, CPA, MST
Principal
Withum Smith+Brown
Mr. Fleming is a Principal with more than 17 years of tax and accounting experience concentrating in providing tax,... | Read More
Mr. Fleming is a Principal with more than 17 years of tax and accounting experience concentrating in providing tax, accounting and advisory services to middle-market businesses, their shareholders and high net worth individuals. He has extensive knowledge and experience with tax issues affecting high net worth individuals as well as investor-owned and privately-held businesses with multi-state and international operations. Mr. Fleming assists many companies and individuals with identifying tax planning opportunities and developing tax saving strategies. He provides proactive advice to help comply with the complex array of tax rules and regulations. Mr. Fleming has successfully assisted clients with Federal, State, and Local tax audits.
Close
Jennifer Weidler Karpchuk
S.A.L.T. Practice Co-Chair
Chamberlain Hrdlicka White Williams & Aughtry
Ms. Karpchuk represents clients in various matters related to state and local taxation, with an emphasis on the... | Read More
Ms. Karpchuk represents clients in various matters related to state and local taxation, with an emphasis on the minimization of state and local tax obligations. She advises clients in all aspects of state and local tax compliance and litigation.
Close