in a Rapidly Evolving Environment
CD of Teleconference with Q&A
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and Sales & Use Tax Monitor
The U.S. is often described as having a service economy for a good reason—even the most traditional of companies typically have diversified into new service offerings. And, for companies that sell services, the state income tax landscape has never seemed more impenetrable.
Numerous states have altered their income apportionment formulas to emphasize sales more heavily, which gives them the ability to tax more of service companies' income. Other states do the same thing every year. Meanwhile, states have switched from market to income-based sourcing or vice versa.
Cost of performance apportionment is out. Gross margin taxes are hot. Multi-state service companies' tax professionals must adapt their state tax compliance and planning to the new laws, regs and apportionment standards even as they keep tabs on emerging proposals before legislatures.
Listen as our panel of veteran tax advisors suggests strategies for fine-tuning your company's tax compliance and planning in response to the rapidly changing treatment of service revenue, and briefs you on potential new state regulations.
Our panel included:
Scott Salmon, Partner, KPMG, Washington, D.C. He has worked for KPMG since 1991 and acts as a national technical resource on state and local tax engagements. He also chairs the AICPA's State and Local Taxation Technical Resource Panel.
Mark Siegel, Senior Manager, State and Local Tax, BDO Seidman, Atlanta. He has more than 10 years of state and local tax experience, with a particular emphasis on income and franchise taxes, for industries including financial services, manufacturing and entertainment.
Mary Bernard, Tax Principal and Director of State and Local Tax Services, Kahn Litwin Renza & Co., Providence, RI. She has worked with the firm since 1994 on tax planning and compliance engagements. She has worked for public accounting firms for 25 years, with a particular focus on corporate multi-state tax issues.
The panel brings you up to speed in these and other critical areas:
- The implications of states such as Texas and Ohio converting to gross receipts-type taxes.
- How to react when a state changes its approach to sourcing sales.
- Different tax-planning structures and alternative apportionment proposals that you should consider now.
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TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
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Self-study CPE is not offered on CD purchases.
CONTINUING LEGAL EDUCATION
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CLE credit is available for an additional $65 each for attorneys seeking CLE credits for NY or CT. Other states may grant CLE credits for listening to this CD - check with your state about applying for self-study credit on CD-listening.