Registration and Continental Breakfast (provided)
Introductions/What Do You Want to Know?
• What burning question must you have the answer to before leaving today?
• What is nexus?
• History of national nexus developments
• Kentucky specific nexus guidance
• What is economic nexus?
Understanding Sales and Use Taxes
Learn the basics of sales and use tax, including its history and recent developments.
• Key statutes and definitions
• Treatment of common transactions
Exemptions, Exclusions and Incentives
We will cover common Kentucky exemptions and exclusions for Kentucky sales and use tax, focusing on published guidance, including court decisions, as well as practical application of this guidance. You’ll also learn about available incentives related to sales and use tax.
Exemptions, Exclusions and Incentives (cont.)
Transferring a Business or Assets
Learn about sales and use tax issues to consider when selling or transferring assets, a division or an entire company. The discussion will focus on the occasional or casual sale exemption which is available in most states.
Sales and Use Tax Compliance and Controversy
In this section, we will cover common tax return filing issues and required documentation to support the filings, including obtaining and retaining exemption certificates. We will also cover audit procedures and how to prepare for and survive a sales and use tax audit.
Construction Contractors and Nonprofit Organizations
We will examine sales and use tax as applied to contractors and nonprofit organizations.
Recent Developments – What Are They and What Do They Mean?
In 2018 and 2019, the Kentucky General Assembly made numerous changes to Kentucky’s sales tax statutes. The Department of Revenue has been busy updating regulations and forms. We will cover the changes and their impact.
5th Annual Navigating Sales and Use Tax in Kentucky seminar adjourns