60 Minutes

Title: Physical Presence - Does It Matter For Sales Tax Nexus Anymore?

Program Level: Basic

Field Of Study: Specialized Knowledge

Prerequisites: None

Instructional Method: Group Internet-Based

Who should attend? Everyone

Advanced Preparation: None

Economic Nexus is new and everybody is trying to stay up to speed, but what about physical presence? Does it even matter anymore? In this webinar, state tax expert Michael Fleming addresses this topic head-o and discusses why understanding physical presence nexus is more important than ever. For many companies, the greatest risk is not with economic nexus but with undiagnosed physical presence. In addition to discussing many of the most common nexus creating activities, Mike will provide case studies illustrating many of these risks and how the companies in these studies were actually found. Some activities are common across many states while other activities vary widely among the states. We will discuss both types of activities and provide examples of how different states approach these activities. In addition we will address these key topics.

Key Topics:

Doesn't economic nexus replace or override physical presence?

Why is undiagnosed or untreated physical presence more dangerous than ever?

What exactly constitutes physical presence nexus?

How do states find companies?

Why is it so important to be proactive?

Does materiality play a role?

How do I determine if I have physical presence?

We speak to many companies and their advisors every da who are ignoring the risks of physical presence nexus. For some the exposure may be small and the correct action is to do nothing. For others the exposure could potentially business ending. The first step is identifying if you have this type of nexus and if so for how long. Mike Fleming will not only help identify some of these activities but provide guidance on how to reduce exposure using a common-sense approach.

https://us02web.zoom.us/webinar/register/WN_4h1ROyyLTAmjFizq5eFH4Q#/registration