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Live Webcast Replay

K2's Sales Tax Compliance In A Post-Wayfair World


Total Credits: 2 including 2 Accounting - Technical

Average Rating:
   4.5
Category:
ACPEN Industry Institute |  Industry |  Accounting and Auditing
Faculty:
Tommy Stephens
Course Levels:
Intermediate
Duration:
2 Hours
License:
Access for 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

The Supreme Court’s Wayfair decision changes the game with respect to sales tax compliance. Now, many states are rushing to implement laws requiring even small businesses to charge, collect, and remit sales taxes on transactions that cross state lines. As a result, sales tax compliance just became infinitely more complex and many businesses could be looking at substantial fines and penalties for not complying. In this session, you will learn about your new compliance requirements and about tools that you can use to meet these requirements.

Basic Course Information

Learning Objectives
  • Identify key components of the Wayfair decision that impact your organization
  • List examples of tools already embedded in many accounting applications that can help you satisfy your compliance objectives and how to activate these tools
  • Name at least three tools built specifically for sales tax compliance and provide examples of how these tools can streamline compliance processes

Major Subjects
  • Reviewing the Wayfair decision and its impact on businesses
  • Understanding tools embedded in many accounting applications and services to facilitate sales tax compliance
  • Identifying third-party tools that are useful in multi-jurisdiction compliance efforts

Course Materials

Faculty

Tommy Stephens Related seminars and products: 22


Thomas G. Stephens, Jr., received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985.  Upon graduation, Mr. Stephens began working for an Atlanta-based public accounting firm.  After earning his designation as a Certified Public Accountant, Mr. Stephens worked for BellSouth Corporation in Atlanta as an Internal Auditor.  After two years as an auditor, he was promoted to Staff Manager and then Operations Manager of the Internal Audit Group.  In 1991, he transferred to the Comptrollers’ department of BellSouth and served as Manager of the Cost Accounting organization.   While working full-time at BellSouth Corporation, Mr. Stephens also attended graduate school, earning a Masters of Science (Major in Finance) from Georgia State University in 1992.

Mr. Stephens left BellSouth in 1994 and opened his public accounting practice in the metropolitan Atlanta area.  In his practice, Mr. Stephens provides accounting, tax, and consulting services to individuals and a wide variety of small and emerging businesses.  Additionally, in 1995 he began authoring and presenting continuing professional education courses to accounting and finance professionals.  In 2003, Mr. Stephens affiliated with K2 Enterprises and in 2007 he joined the firm as a partner. To date, he has lectured nationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications.  Over the past twenty-two years, Mr. Stephens has presented over 2,100 educational sessions to over 61,000 participants nationwide.

Presently, Mr. Stephens resides in Woodstock, Georgia where, in addition to his association with K2 Enterprises, he provides consulting services to small businesses and CPA firms.  In addition to an active professional career, Mr. Stephens enjoys an active personal life as well.  He and Michelle – his wife of thirty-one years – have two children.  His hobbies include snow skiing, fishing, and running.  Additionally, Mr. Stephens maintains professional memberships with the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants and is a past member of the Institute of Internal Auditors.


Dates

Tue, Feb 02, 2021 - 08:00pm to 09:53pm EST
Thu, Feb 18, 2021 - 12:00pm to 01:53pm EST
Sat, Mar 13, 2021 - 04:00pm to 05:53pm EST
Wed, Mar 31, 2021 - 11:00am to 12:53pm EDT
Thu, Apr 15, 2021 - 10:00am to 11:53am EDT
Wed, Apr 28, 2021 - 02:00pm to 03:53pm EDT
Wed, May 12, 2021 - 12:00pm to 01:53pm EDT
Wed, May 26, 2021 - 04:00pm to 05:53pm EDT
Tue, Jun 15, 2021 - 08:00pm to 09:53pm EDT
Wed, Jun 30, 2021 - 11:00am to 12:53pm EDT
Fri, Jul 16, 2021 - 02:00pm to 03:53pm EDT
Thu, Jul 29, 2021 - 08:00pm to 09:53pm EDT
Sat, Aug 14, 2021 - 11:00am to 12:53pm EDT
Thu, Aug 26, 2021 - 10:00am to 11:53am EDT
Thu, Sep 02, 2021 - 04:00pm to 05:53pm EDT
Thu, Sep 30, 2021 - 08:00pm to 09:53pm EDT
Mon, Oct 04, 2021 - 11:00am to 12:53pm EDT
Thu, Oct 21, 2021 - 10:00am to 11:53am EDT
Thu, Nov 04, 2021 - 11:00am to 12:53pm EDT
Mon, Nov 29, 2021 - 04:00pm to 05:53pm EST
Tue, Dec 14, 2021 - 11:00am to 12:53pm EST
Wed, Dec 29, 2021 - 10:00am to 11:53am EST

Additional Info

Basic Course Information

Original Recording Date 11/14/19
Date Added to Catalog 01/24/2020
Prerequisites None
Advanced Preparation None
Designed For Accounting, financial, and business professionals
Course Developer K2 Enterprises
Yellow Book No

Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement Business Professionals' Network, 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
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration

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Overall:      4.5

Total Reviews: 14

Comments

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