Show navigation

Live Webinar

100-minute live streaming program
  • January 24
  • 1:00 - 2:40 pm EST

Also available as:

Online Manual
OnDemand Webinar
Audio & Reference Manual

Sales and Use Tax for Manufacturers in Michigan

January 24

Make sure you are in full compliance when reporting sales and use tax for manufacturers in Michigan.

If you work in the manufacturing industry, sales and use taxes can have a substantial impact on your bottom line. This topic will talk about the common exemptions available to manufacturers in Michigan, potentially opening your business up to tremendous cost savings. Learn which steps of the process are included in the industrial processing exemption, when a partial exemption could be claimed for property you thought was 100% taxable, and whether sourcing software in the cloud can save you tax dollars. Additionally, you will learn about the documentation requirements for the successful defense of a sales/use audit, and the benefits and pitfalls of using a direct pay permit to manage your use tax compliance in Michigan.

Learning Objectives

- You will be able to describe how the treatment of hosted software for Michigan sales and use tax purposes is evolving and impacts manufacturers.

- You will be able to identify the major sales/use tax problem areas faced by manufacturers in Michigan.

- You will be able to discuss the benefits and risks of entering into a direct pay permit arrangement in Michigan.

- You will be able to explain the application of the industrial processing exemption to manufacturers in Michigan.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Industrial Processing Exemption
  • Scope of Exemption
  • Excluded Activities
  • Issues With Computer Equipment and Software
  • R&D, Engineering and Prototypes
  • Apportionment of Exempt Use
  • Grey Areas and Common Audit Issues
  • Recent Controversies
Other Problem Areas for Manufacturers
  • Cloud Computing
  • Services vs. Tangible Property
  • Construction Contracts
  • Leasing
  • Samples and Promotional Items
  • Intercompany Transactions
  • Other Exemptions Resale, Pollution Control, Nonprofits
Tax Compliance Issues
  • Recordkeeping Requirements
  • Direct Pay Permits
Audits, Refunds, and Appeals
  • Audit Best Practices
  • Participatory Audits
  • Limitations on Refunds and Assessments
  • Informal Conference
  • Proposed Treasury Settlement Authority
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Online Manual

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Audio & Reference Manual

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, CPAs, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers, operations and inventory managers, and tax preparers.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Gregory A. Nowak

Gregory A. Nowak

Miller, Canfield, Paddock and Stone, P.L.C.

  • Principal and Certified Public Accountant in the Detroit office of Miller, Canfield, Paddock and Stone, PLC
  • Practice emphasizes all aspects of state and local tax controversy issues. Throughout his 20 plus year career, he has represented many major companies on multistate tax matters including clients in the manufacturing, retail, and transportation industries
  • Conducts regular seminars and workshops on numerous state and local tax controversy issues
  • Author of several publications related to the areas of state and local tax
  • J.D. degree, Wayne State University Law School; B.A. degree, Michigan State University
  • Member of numerous professional and civic organizations
  • Can be contacted at nowak@millercanfield.com or 313-496-7963
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 401478
Published 2013, 2016, 2018
Purchase Options

Register today before this event fills.