Sales and use taxes can often be confusing when you are initially given the responsibility of handling them – especially if you have little or no experience in dealing with recordkeeping and reporting issues.
This seminar is designed to give you a comprehensive line by line overview of the sales and use tax system in California so that you will have a solid understanding of the basic concepts of taxability.
Topics to be discussed include:
- Nature Of Sales And Use Taxes
- Important Terms And Definitions
- Nontaxable Sales
- Sales In Interstate Or Foreign Interstate Commerce
- County And District Taxes
8:30 a.m. - 8:55 a.m.
I. Introductions And Overview Of Day's Activities
8:55 a.m. - 9:15 a.m.
II. Nature Of Sales And Use Taxes
9:15 a.m. - 9:45 a.m.
III. Important Terms And Definitions
9:45 a.m. - 10:20 a.m.
IV. Overview Of The California Sales And Use Tax Return
10:20 a.m. - 10:30 a.m.
10:30 a.m. - 11:00 a.m.
V. Line 1: Gross Receipts
11:00 a.m. - 11:20 a.m.
VI. Line 2: Purchases Subject To Use Tax
11:20 a.m. - 12:00 p.m.
VII. Line 4: Sales To Other Retailers For Resale
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 1:20 p.m.
VIII. Line 5: Nontaxable Sales Of Food Products
1:20 p.m. - 1:50 p.m.
IX. Line 6: Nontaxable Labor
1:50 p.m. - 2:10 p.m.
X. Line 7: Sales To The United States Government
2:10 p.m. - 2:30 p.m.
XI. Line 8: Sales In Interstate Or Foreign Interstate Commerce
2:30 p.m. - 2:40 p.m.
2:40 p.m. - 2:50 p.m.
XII. Line 9: Sales Tax Included On Line 1
2:50 p.m. - 3:15 p.m.
XIII. Line 10: Adjustments
3:15 p.m. - 3:45 p.m.
XIV. Line 10: Partial State Tax Exemptions
3:45 p.m. - 4:15 p.m.
XV. County And District Taxes
4:15 p.m. - 4:30 p.m.
XVI. Questions And Answers