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 am extremely impressed with the courses and the reasonable price.” -Janet A. May 2017

    - Janet

  • I wanted to compliment you on the Accounting Fraud – Recent Case Studies (AUCASEMC) course I just took. The ebook was fantastic! Concise, easy to understand, very well structured, and very interesting. Exactly the way I like it. Thank you for putting it together. I feel it took me enough time to be worth 2 CPEs, but it was fantastic nonetheless. Thank you.

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  • “The author did a good job of setting forth the ethical standards contained in the California State Board of Public Accountancy Rules and the AICPA Code of Conduct.”

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