In this course, we discuss how to prepare for your next sales tax exemption certificate audit. The primary building block is to understand the most commonly used sales tax definitions. We start by exploring the legal definitions of common sales tax terminology, which leads us to identifying the proper use and collection of exemption certificates.
This course prepares you to understand when an auditor is going to ask you questions and enables you to overcome the possible challenges you may encounter in a sales tax exemption certificate audit. It gives you the tools you need to understand how many certificates you have, if you have expired or invalid certificates, or if you are missing information that will leave you exposed in a sales tax audit.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- Explore the legal definitions of common sales tax terminology you will encounter
- Identify the proper use and collection of exemption certificates
- Discover how to prepare for the most common questions the auditor will ask
- Identify possible challenges you may face under the audit
Last updated/reviewed: March 15, 2024
(40) Reviews
(28 rating)
Instructor clearly explained rules and gave good examples.
this could have been good except the very distracting background music at the beginning of the process
Good course explaining how account takeovers can occur and ways individuals and businesses can protect themselves.
Good discussion but I don't think the answer for the first review question is correct.
Of the many, many courses I have taken on the Illumeo platform, this was definitely one of the best and most insightful. I have always found elements of "behavioral finance" to be fascinating and powerful in planning, strategy, and business performance. Mr. Stephens has bundled the leading theories and presented them as a unified new "dimension" for planners and leaders to factor in. He has done so in a manner that CFO's and other business leaders will undoubtedly find easy to digest, replete with useful examples. The consideration of these concepts will undoubtedly add value via improvement decision-making and more enlightened risk assessments. Thank you for such a quality contribution to the Illumeo portfolio!!
Materials were well put together and comprehensive coverage of each topic was provided.
This course provides good information on how to construct a well rounded board and how an individual as a board candidate can find their place in an existing board.
Helpful explanations and definitions of sales tax terminology.
Litecoin is pronounced as "Lightcoin" for future reference. Agree with others I would have liked to have some accounting information related on treatment of crypto on financial statements.
This was a great course to introduce me to features of excel that I have never used to give me a great understanding of how they might be used in practical everyday applications of Excel.
Materials need some improvement. They are just bullet points without any context. That's good for normal presentations, but won't be useful if trying to use as a guide later on when the information is not fresh in our minds.
Very concise and to the point. I like the instructor's ideas to improve the book's closing timing. It was well-presented and organized.
While the module content is good, as others have stated, the exam is absurdly long relative to the module contents, includes questions on topics that are not covered by this module, and also contains a handful of errors. The exam is in serious need of tailoring for this module.
The class was presented in a perfect pace for my learning style. The slides are easy to follow and great for future reference.
Good course. Supporting materials were relevant and the course met the intended learning objectives.
Well worth your time. Very practical use of Outlook to become more efficient managing information at work. Keep the imprortant things the important things.
Patricia's course on Ethics for CPAs in Business was well prepared and very relevant
Information was presented in a clear, concise and organized manner. The text based class was very convenient since I could stop and then come back to it easily. I also like that it provides a great resource for future reference.
Great course, thank you. Enjoyed the content and presenation.
course needs to be updated for current moving expense rules.
Very informative. Instructor does a great job in recapping the important accounting events that took place during the quarter.
Liked how the instructor presented the information. She gave a lot of good websites to visit for more information.
the course is a good review of basic accounting theory. author explained in quite detail
Great course on Corporate tax filings for schedule M-3 Part III.
This course was really interesting because I learned about some of the new things I can do with 365. Definitely recommended. However, digging into the differences between various versions of Excel is not too interesting.
This course is extremely outdated and make no mention of economic nexus.
One word- Interesting? This course is general motivational info, not necessarily related to COVID. There were a couple of good stories:)
Excellent class with important information on knowing your audience. Class includes helpful tips when working with those in higher positions.
There were a few sections that seemed to end with the presenter not finishing the sentence.
Course needs to be updated. I was very disappointed in the course.
Nice looking/professional presentation and materials.
Excellent course lead by an effective instructor. Great content.
A right to the point course with good examples and explanations. Everything is explained in the pdf material also. He talks fast but clear.
Liked to keep up to date with new changes.
Great course for a detailed but high level introduction to basic accounting principles.
Very basic if you're a CPA.
Excellent course
Test questions were not captured in the presentation materials.
The last question did not seem to be worded as well as it could have been.
Helpful information to efficiently manage emails.
Lesson Questions and Answers0 Questions
INTRODUCTION AND OVERVIEW
SALES TAX EXEMPTION CERTIFICATE AUDIT
- Drop Shipments 9:01
- Exempt or Not Exempt 11:18
- Audit Challenges 8:08
CONCLUSION
- Audit Preparation 12:47
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: How to Prepare for your Next Sales Tax Exemption Certificate Audit PDF
- How to Prepare for your Next Sales Tax Exemption Certificate Audit Glossary/Index PDF
REVIEW and TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
Ask the instructor a question about this lesson