Sales and Use Tax Accounting

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: AASALESB

sales and use tax -accounting cpe

Description:
The Sales and Use Tax Accounting course discusses when sales and use taxes should be applied to a transaction. The course addresses the calculation of these taxes, when exemptions may apply, how to remit tax receipts to the government, and how to present the related tax liability in the financial statements. The course also covers many special situations, such as dealing with over- or under-collections of sales taxes, private letter rulings, sales tax holidays, and how to deal with a sales tax audit. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: April 2017

Format: PDF
Pages: 47

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the methods used to remit sales taxes to a government.
  • Note the different requirements for obtaining a sales tax license.
  • Recognize the rules for how and when to charge sales tax.
  • Recall the proper accounting to be used for all types of sales tax transactions.
  • Note the proper presentation of sales tax liabilities in the financial statements.
  • Identify the correct treatment of over- and under-collections of sales taxes.
  • Recall the excuses that may be accepted for not submitting a sales tax return.
  • Note the key characteristics of a private letter ruling.
  • Recall how a multiple points of use certificate is to be used.
  • Identify the situations in which use tax is to be paid.

Description:
The Sales and Use Tax Accounting course discusses when sales and use taxes should be applied to a transaction. The course addresses the calculation of these taxes, when exemptions may apply, how to remit tax receipts to the government, and how to present the related tax liability in the financial statements. The course also covers many special situations, such as dealing with over- or under-collections of sales taxes, private letter rulings, sales tax holidays, and how to deal with a sales tax audit. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: April 2017

Format: PDF
Pages: 47

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the methods used to remit sales taxes to a government.
  • Note the different requirements for obtaining a sales tax license.
  • Recognize the rules for how and when to charge sales tax.
  • Recall the proper accounting to be used for all types of sales tax transactions.
  • Note the proper presentation of sales tax liabilities in the financial statements.
  • Identify the correct treatment of over- and under-collections of sales taxes.
  • Recall the excuses that may be accepted for not submitting a sales tax return.
  • Note the key characteristics of a private letter ruling.
  • Recall how a multiple points of use certificate is to be used.
  • Identify the situations in which use tax is to be paid.
  • ” I was able to get a head start on my credit losses research through your CPE self study this past weekend.  Excellent quality format – so much better than some of the other resources I’ve been using lately.”  Dec 12, 2018

    - Andrea Ll.

  • “The course on ethics was one of the best correspondence courses I ever used.  It was well organized and the examples used were extremely helpful.”

    - Tommy R.

  • I loved the course as it had current cases which I am familiar with. Best ethics course I have taken in recent memory. Thanks!”

    - Kathy