Procurement Cards and Sales Tax Compliance: Mastering Multi-State Complexities
Processes for Tracking Exempt Purchases and Maintaining Audit Documentation
A live 110-minute CPE webinar with interactive Q&A
Thursday, May 18, 2017
1:00pm-2:50pm EDT, 10:00am-11:50am PDT
This webinar will prepare corporate tax executives with the tools and practical perspectives needed to sharpen their procurement card sales tax compliance. The panel will review the most recent state developments on taxation of P-card purchases.
The use of procurement cards (P-cards, or company credit cards used for small-dollar purchases of supplies and materials) continues to grow in corporate America and among government agencies and nonprofits. P-cards continue to create oversight anxiety for corporate tax professionals.
Maintaining accurate and complete support documentation for procurement card transactions and negotiating up-front sales and use tax compliance agreements with states on P-card use are critical steps to avoiding sales tax issues that arise in relation to P-cards. State sales tax auditors commonly investigate these issues in examinations of companies issuing or accepting procurement cards.
Will employees using procurement cards mistakenly pay sales tax on exempt purchases? Do they know to include a valid, completed exemption certificate with their purchases? If your organization is making the sale, are your personnel trained on taxability and exemption certificates?
As a corporate tax professional, it falls on you to ensure your company’s processes are sound and your employees are thoroughly trained when it comes to both using and accepting procurement cards to prevent any sales tax compliance hassles that you will have to clean up later.
Listen as our panel of experts on procurement cards and sales tax helps you get a handle on this challenging area.
- Examples of how specific states handle P-card transactions
- Compliance issues and options
- Working with issuers of P-cards
- Record-keeping priorities
- Best practices for companies using P-cards
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
- Improving your compliance efficiency with adjustments to your own sales tax-compliance processes, both as a purchaser and seller
Upon completing this seminar, you will be able to:
- Identify methods for maintaining accurate and complete support documentation for procurement card transactions
- Recognize negotiation techniques for making up-front sales and use tax compliance agreements with states on P-card use
- Discern key issues state sales tax auditors commonly investigate in relation to P-cards
Joseph F. Geiger, Jr., Esq., CPA, Consulting Tax Manager
Mr. Geiger works with the company's Tax Process Consulting Group and has more than 25 years of experience with income, sales and use and other taxes, with particular expertise in tax appeals, audit controversies and reverse audits. He also has experience with taxation of P-card purchases. In addition he has worked in tax compliance for corporations and for public accounting firms.
Frank J. Tobias, CGFM, Principal, Tax Services Group
Mr. Tobias is a CGFM (Certified Government Financial Manager) and specializes in multi-state tax planning and compliance. He has over 20 years of tax experience, most recently as a Partner at a regional accounting firm. He was also a Senior Manager at an international accounting firm’s State and Local Tax Group and served as that firm’s Mid-Atlantic Area Leader of state and local tax practice and procedures and the Area Leader of Sales and Use Tax Services. Prior to his public accounting experience, he was the Director for the Pennsylvania Department of Revenue’s Bureau of Corporation Taxes where he was responsible for the administration of all PA Corporation taxes.
Kevin Watson, CMI, Manager, State & Local Tax
Mr. Watson is a CMI (Certified Member of the Institute, IPT Sales Tax) with over 10 years of SALT experience. He specializes in audit defense and reverse audits and has extensive experience in dealing with P-Cards within audits and refund claims.
Registration per Person for Live Event
Live Webinar $247.00
Live Webinar & CPE Processing $282.00
CPE per Person on Live Event
Continuing Professional Education credit processing is available for an additional fee. CPE processing must be ordered prior to the event. To qualify for CPE you may not listen via the telephone.
This program is eligible for 2.0 CPE credits.
- Field of Study: Taxes.
- Level of Knowledge: Intermediate.
- Advance Preparation: None.
- Teaching Method: Seminar/Lecture.
- Delivery Method: Group-Internet (via computer).
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of verification codes announced throughout the presentation.
- Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing complex tax forms and schedules; supervisory authority over other preparers/accountants. Specific knowledge and understanding of procurement cards and sales tax compliance matters.
NOTE: CPE credit processing for all attendees must be ordered by 2pm Eastern the day of the program to receive a Certificate of Attendance within 24 hours.
Includes full event recording plus handouts (available after live webinar).
Note: Self-study CPE and EA credits are not offered on recorded events.
Recorded Webinar Download $247.00
Available 48 hours after the live event
Recorded Audio Download (MP3) $247.00
Available 24 hours after the live event
DVD (Slide Presentation with Audio) $247.00
plus $9.45 S&H
Available ten business days after the live event
Registration Plus Recorded Event
Live Webinar & Webinar Download $344.00
Recorded Webinar Download Only $97.00 with Registration/Webinar Combo
Live Webinar & Audio Download $344.00
Recorded Audio Download (MP3) Only $97.00 with Registration/MP3 Combo
Live Webinar & DVD $344.00 plus $9.45 S&H
DVD (Slide Presentation with Audio) Only $97.00 with Registration/DVD Combo
NASBA CPE Sponsor
Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
IRS Approved Provider
Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
Strafford is a NASBA CPE sponsor and our live webinars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.
I thought that the speakers were very knowledgeable and their presentation materials will be good reference guides.
Claudia Del Castillo, CPA
Sol Schwartz & Associates
The webinar was fast paced and comprehensive.
I especially liked the examples illustrating the topics concepts.
It was an excellent program!!
Coverage was practical and straightforward. Well done.
Stuart J. Frentz
Bradley Arant Boult Cummings
Sales and Use Tax Advisory Board
Manager of Domestic Taxes
Joseph Geiger, Esq., CPA
Senior Manager, Local Taxes
Advanced Micro Devices
VP of Indirect Taxes and Tax Reporting
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