Sales and Use Tax Update for Minnesota-Specific Issues

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Sales and Use Tax Update for Minnesota-Specific Issues

2/15/2018 02:00 PM - 03:00 PM (CT)

Tired of going to general sales tax training where they discuss issues of manufacturers, contractors, or non-profits?  Join us for this webinar strictly for financial institutions hosted by Wipfli.

Brush up on your knowledge of sales and use taxes and how they affect financial institutions. This webinar will explain what a taxable sale is and when a financial institution should remit tax on purchases and will provide an overview of sales tax audits and what to expect during the process.  

We will cover:
• Registration for seller’s permit vs. consumer’s use tax
• Collection of sales taxes on taxable sales
o Repossessed merchandise
o Sale of business assets
o Miscellaneous service fees
• Payment of sales and use taxes on purchases
o Fixed assets
 Remodeling/expansions
 Financial institution-specific purchases (vaults, drive-through system, security systems)
o Expenses
 Software, data processing, and information services
• Audit issues
o Statute of limitations
o Penalties
o Recurring adjustments

As time permits, the speakers will answer questions.  Otherwise, they will follow up individually after the webinar.

Who should attend? CFOs, Controllers, and Accounts Payable Personnel.

Cost is per connection. You may have multiple people from your organization join if you are in the same room.