Description

Tax compliance is a complex and ever-changing landscape driven by governmental policy changes. One of the most widely recognized taxes, value-added tax or VAT, is a consumption tax levied on goods and services at each stage of the supply chain where value is added. Over the past few years, e-invoicing has helped to both simplify and increase the efficiency of the VAT process. Scott Peterson, Vice President of U.S. Tax Policy and Government Relations for Avalara, Inc., joins this segment to discuss both VAT and e-invoicing. Scott also discusses the new Form 1099-K requirements, the Multistate Tax Commission, and tax nexus considerations.

Target Audience

CPAs and other financial professionals seeking education on the topic.

Course Objectives

• Distinguish benefits of e-invoicing over traditional invoicing

• Recognize the goals and objectives of the Multistate Tax Commission

• Recognize how Value Added Tax (VAT) is applied to goods and services

Subjects

• Identify the latest reporting obligations for Form 1099-K