Every contractor has sales and use tax obligations - find out how to reduce your liability.Contractors may have varying tax responsibilities depending upon the work performed and what contract provisions apply. Failure to meet all of the documentation requirements may result in the assessment of tax, penalties and interest. This course will cover the sales and use tax requirements contractors doing business in Washington along with many of the common opportunities and pitfalls that frequently surprise businesses operating in the construction industry. Attend this informative seminar and sharpen your skills to learn ways to operate within the rules to reduce sales and use tax liabilities. Develop better, more accurate reporting skills - keep your business audit-ready and in compliance. Benefits for You Contract language is important - learn what you need to look for to determine how a job should be taxed Learn the exemption and taxability requirements for purchases Know your sales tax obligations and keep your organization audit-ready Survive DOR audits and appeals with up-to-date documentation strategies Learning Objectives You will be able to describe excise tax for joint ventures, speculative builders, prime contractors and subcontractors. You will be able to discuss construction services performed in Indian country. You will be able to explain DOR audits of contractors and the documents needed. You will be able to review the consequences for out of state contractors.
Who Should Attend?
This seminar is designed for industrial and business controllers, CFOs, tax managers and officers, bookkeepers, accountants and attorneys.
Continuing Education Units
CAC 1.0 ISM 6.5 CPE 8.0 including Taxes 8 WA CLE 6.5
- Detailed Credit Information
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