Sales and Use Tax for Manufacturers in New York

SIGNUP HERE - Tuition: $349

Benefits for You- Determine what is taxable and what is not

- Discover how to maintain documentation to facilitate audit preparedness

- Understand where exemption of production process begins and ends

- Stay up-to-date with recent judicial, legislative and administrative changes

Learning Objectives- You will be able to identify purchases used by manufacturers.

- You will be able to review additional sales and use tax issues for manufacturers.

- You will be able to explain sales and use tax audits.

- You will be able to discuss legislative update/incentive programs. 

Agenda 8:00 AM - 8:30 AM Registration

8:30 AM - 10:10 AM Overview - The Production Exemption
— David A. Schlein, CPA
What Is Considered Production? Where Does Production Begin and End? Purchases that Qualify/Do Not Qualify for the Production Exemption Examples of Purchases by Manufactures Differences between State/Local Production Exemptions

10:10 AM - 10:20 AM Break

10:20 AM - 12:00 PM Additional Sales and Use Tax Issues for Manufacturers
— Andrew J. Toth, CPA
Utilities Used in Manufacturing Research and Development Pollution Control Services Other Issues

12:00 PM - 1:00 PM Lunch (On Your Own)

1:00 PM - 2:40 PM Sales and Use Tax Audits
— Thomas E. Mazurek, Jr., CPA
How to Prepare for a Sales and Use Tax Audit Managing the Audit Process Post-Audit Considerations and Corrections Other Audit-Related Issues

2:40 PM - 2:50 PM Break

2:50 PM - 4:30 PM Legislative Update/Incentive Programs
— Pietra G. Lettieri, Esq.
Investment Tax Credit and Qualified New York Manufacturers' Credit START-UP NY IDA Sales Tax Exemptions – Clawbacks and Reporting Requirements New York State Tax Department Sales Tax Advisory Opinions