Join Sarah Hopkins, senior manager with the Minneapolis manufacturing and distribution team, for a webinar hosted by Lorman Education Services. The webinar will give a detailed overview of available tax exemptions for manufacturers, how to properly take advantage of them and how to get a refund if they were underutilized. Sales tax which may apply on transactions involving the sale of products will be covered. Items also covered include when a manufacturer is required to collect sales tax on a transaction, what other charges are subject to the sales tax, and at which rate is the sale taxed.
As a manufacturer, most purchases made are not subject to sales tax. However, most businesses do have a use tax filing compliance. This material will cover common areas of exposure for use tax for manufacturing businesses. Lastly, Sarah will touch on helpful guidance for recordkeeping and how to prepare for an audit.
For more information, please visit: www.lorman.com/ID399458