Overview:
A guide to the most common California sales and use tax exemptions available and how to qualify.
Key Topics:
-An overview of the Principal Use Test, Interstate Commerce, and Common Carrier
(difference between sales and use tax, eligibility requirements for exemptions, and qualifications, timing considerations and the need for proactive tax planning.)
-Exemption planning and compliance
(Importance of pre purchase planning with legal and tax professionals and strategies to ensure compliance with exemption criteria)
-Avoiding common mistakes
(Misinterpretation of exemption rules, improper documentation and costly mistakes)
-State of the Industry
(Recent updates and trends impacting exemptions)
-Working with tax professionals
(The benefits of consulting with sales and use tax experts and key questions to ask yourself when planning for exemptions)