CPE Course Economic Nexus & Sourcing of Market-based Sales Receipts

November 6, 2019

12:45pm — 4:30pm

Location Manchester

Member Price $129.50Register after October 16 and pay $139.50
Non-member Price $179.50Register after October 16 and pay $189.50

Curriculum Specialized Knowledge, Taxation

Field of Interest

Level Intermediate

Designed For

This seminar is designed for tax professionals in industry or in public practice who currently have or may have clients conducting some business activities in more than a single state but may not have a physical location or merchandise located in each state. Participants will explore which jurisdictions the business may now have a duty to file income tax returns in without actually having some physical presence in the state. Participants should have a general knowledge of federal and state income tax principles.

Objective

This is 1/2 day seminar (4 credits) led by Maurice Gilbert, CPA, MST and Jon Sparkman, Esq., CPA. Approximately 45 States have moved from the physical presence standard they previously applied to determine income tax nexus creating a need to re-examine a business' filing requirements in any state where the business has some activity. These states have adopted some form of an economic presence standard in the income tax area and a number of States have been moving to an economic nexus approach for their sales & use taxes as well (Our lnstructors offer a separate 1/2 day seminar entitled "implications of the South Dakota v. Wayfair. lnc.. et al. and New Hampshire Statute on the Collection of Sales & Use Taxes by New Hampshire's Small Businesses". To add to the complexity for filing state income taxes, approximately 30 states changed their apportionment sourcing rules in the area of sales, other than the sale of tangible personal property - a trend that will likely continue. The requirements in both the nexus standard and the sourcing rules are not
consistent among the states creating planning opportunities and pitfalls for taxpayers. Our seminar will address these trends and analyze where the requirements fall within the New England States.

Highlights

Instructors

Mr Maurice P. Gilbert, CPA · Mr. Jon B. Sparkman, CPA, Esq

Maurice serves the firm’s Tax Group as its Director of State Taxation. Maurice has been actively involved in public accounting and tax administration for more than 40 years. He brings his extensive knowledge of federal and multi-state tax planning, enforcement and compliance procedures to the firm. He assists clients with federal and state tax planning opportunities, evaluates the tax implications of proposed business transactions, and provides analysis on proposed state and federal tax legislation and regulatory changes. Maurice is also available to assist clients with audit issues proposed by the various Departments of Revenue and the Internal Revenue Service (IRS).Prior to his employment with the Devine Millimet Tax Group, Maurice provided tax consulting services to tax practitioners through his CPA proprietorship. For the majority of his career, however, he was employed by the New Hampshire Department of Revenue Administration (DRA). During his 25 year career with the DRA, he was involved with all aspects of NH tax administration including working cooperatively with numerous Departments of Revenue and the IRS. While at the DRA, he served as Chief of Field Audit (1979 to 1983), as Assistant Director of Audit (1983 to 1985) and as Director of Audit (1985 to 2004). Maurice served as a member on the United States Department of the Treasury’s Unitary Tax Task Force established to study the application of combined reporting on a worldwide or water’s-edge basis. Prior to his DRA employment, Maurice worked in the public accounting field with both local and international CPA firms.Maurice has been actively involved with various organizations throughout his professional career. While working at the DRA, he chaired various committees for the Federation of Tax Administrators and the North East States’ Tax Officials Associations. He is a member of the New Hampshire Society of CPAs where he served as the Past President of its Board of Directors and chaired numerous committees including its Uniform Accountancy Act Task Force. Maurice was a co-founder of the Federal Tax Forum, a joint endeavor of the NH Society of CPAs and the NH Bar Association. He currently serves as a member of the Board of Directors and a Vice President of the NH Society of Accountants. Maurice is a member of the Massachusetts Association of Public Accountants. He also served on the Governing Council of the American Institute of CPAs. Maurice has authored numerous articles on New Hampshire taxation topics. He develops and serves as a discussion leader for seminars on New Hampshire tax topics offered through Devine Millimet & Branch Professional Association, the New Hampshire Society of Certified Public Accountants, the New Hampshire Society of Accountants and Boston Tax Institute. Maurice has received various achievement awards for his contributions to the profession. A certified public accountant, Maurice holds a Master of Science in Taxation from Bentley University and a B.S. in Accounting from New Hampshire College, now known as Southern New Hampshire University.close
Jon is a shareholder and President at Devine, Millimet & Branch, Professional Association and represents businesses of all sizes in tax planning as well as audits and administrative appeals of business profits tax, business enterprise tax, real estate transfer tax, meals and rooms tax, and interest and dividends tax matters before the State of New Hampshire's Department of Revenue Administration. The BPT's reasonable compensation deduction has been an area of ongoing interest to the Department of Revenue Administration, and Jon regularly represents clients in reasonable compensation audits. He is a frequent speaker on New Hampshire taxation topics.Counseling privately-held businesses and non-profit organizations, Jon's business law practice also involves representing small- to medium-size entities from start-up to eventual sale, providing advice with respect to formation and financing, growth and expansion, as well as mergers and acquisitions. Jon's representation of non-profit organizations focuses on formation, obtaining, maintaining tax-exempt status, governance issues, avoidance of intermediate sanctions and compensation planning. Jon's background as a certified public accountant provides him with a broad business and financial base which he utilizes in representing the firm's business clients. His work experience in the accounting field with both a small regional CPA firm and a national CPA firm has provided him with exposure to a wide variety of businesses and industries. Jon is a graduate of Suffolk University Law School where he obtained his Juris Doctor Degree in 1990. He received his Bachelor of Science Degree in Accounting from Bob Jones University in 1985. Jon has been admitted to the Bar in New Hampshire and Massachusetts.close

Prerequisites

Participants should have a general knowledge of federal and state income tax principles.

Developer

Devine, Millimet & Branch, PA

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