Here’s a glimpse of what you’ll learn:
What is an economic nexus?
The impact of the South Dakota case on other states
The cost of compliance vs the cost of being pursued by the state
What's included in taxable state thresholds?
Here’s a glimpse of what you’ll learn:
When does a company have to worry about collecting sales tax?
The two types of nexus: a physical nexus and an economic nexus
What is a physical nexus?
What is an economic nexus?
Determining the taxability of your product
Determining the materiality of your product including profit margins
The importance of having capital reserves
Tax collection considerations when selling in online marketplaces like Amazon
Here’s a glimpse of what you’ll learn:
Tax auditing by a “bully” auditor
Michael shares a client experience with a “bully” auditor
How Michael helped resolve the case
The advantages of bringing in an expert to work with a bully auditor
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The number one cause for large audit assessments
Why companies could be missing certificates
How a missing certificate can greatly impact a company
How to prevent large audit assessments
Do exemption certificates expire?
Should companies include exemption certificates in their procedures?
Here’s a glimpse of what you’ll learn:
The sales tax case without a happy ending
Getting refunds on voluntary disclosure agreements
How to tell if a sales tax firm is experienced
Bringing in a subject matter expert
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The case of a pipe selling company with independent contractors
How Michael helped the company solve their problem
Registering a company in all the right States
How a State can find you through Form 1099
Here’s a glimpse of what you’ll learn:
A software seller's tax problems
How Michael assisted the software seller
Working with independent contractors
Sales tax for software companies
Getting professional tax services
Here’s a glimpse of what you’ll learn:
Why Mike Fleming started this podcast
Mike’s background
Mike's first career in Wall Street and his mentorship experience
Working in commercial real estate
Mike's experience from working in the financial sector
How Mike got into sales tax
Mike's decision to start his own firm
How the South Dakota vs. Wayfair decision impacted Mike's business
Other stories Mike will share on this podcast