Michigan Sales & Use Tax

Date: 
Thursday, November 17, 2011
Time: 
9:00 a.m. - 3:30 p.m.
Location: 
Walsh College, Novi

Attend this popular seminar and learn everything you need to know about the basic operation of the Michigan Sales and Use Tax and its application to specific industries including service, retail, manufacturing, construction, and leasing.

Learn about exemptions available to both taxes. Learn how the Use Tax compliments the Sales Tax and how the Use Tax imposes a tax on specified services. This review of the key provisions of the Michigan Sales Tax Act and the Michigan Use Tax Act features a comprehensive overview of how the two statutes work together including amendments to conform to the Streamline Sales Tax Project.

You Will Learn About:

  • Basic operation of the Sales Tax.
  • How the Use Tax complements the Sales Tax.
  • How the Use Tax imposes a tax on specific services.
  • Application to specific industries.
  • Exemptions available to both taxes.
  • New legislative developments.

AGENDA

MICHIGAN SALES TAX

  • Exemptions from the Michigan Sales Tax
  • Sourcing of Sales
  • Records and Record Keeping Requirements
  • Direct Pay Authorization
  • Compliance Agreements

MICHIGAN USE TAX

  • Sales & Use Tax Exemptions and Requirements
  • Construction Contractors
  • Contractor vs. Retailer
  • Service vs. Tangible Personal Property
  • Industrial Processing
  • Extractive Operations
  • Containers, Cartons & Wrapping Materials
  • Health Care
  • Computer Software
  • Rentals
  • Taxability of Interstate Carrier Property
  • Discounts, Rebates and Coupons
  • Drop Shipments
  • Delivery Services
  • Food for Human Consumption
  • Interstate Commerce
  • Isolated Sales

EXPERT PRESENTER: Edward S. Kisscorni, CPA, MBA, is the owner of a web-based, paperless, green firm specializing in Michigan State and Local Tax consulting with a special emphasis on state tax audits and appeals. Ed has extensive experience in Michigan state and local taxation first as an auditor with the Michigan Department of Treasury, in the tax department of an international accounting firm, as a sole practitioner, and leading the state and local tax groups of a large local accounting firm and a national accounting firm. Currently he is completing his sixth year on the Board of Directors of the MACPA. Ed served three different governors in his eighteen years on the Administrative Committee on Public Accountancy and the Michigan State Board of Accountancy, the last four as Chair. Ed is a member of the Michigan Chamber’s Tax Committee.