2008 Tax and Finance Virtual Seminar


July – August 2008

Direct selling tax issues are different from other channels of distribution and understanding them is critical to the way your company does business. Use this opportunity during the “down season” this July to catch up on details that have changed since 2007 and make sure your company is prepared for any challenge that comes its way!
  

If you are registered to participate in the 2008 Tax Virtual Seminar, please click here to view the presentations.

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What the Tax Gap Means for Independent Contractors
Congress continues to look at the tax gap (the difference between taxes owed and taxes paid to the government voluntarily and on time), and focus on independent contractors as targets of proposals to reduce that gap. What does this mean for our industry and the 15.2 million independent contractors that comprise our salesforce? DSA staff will provide participants with an update about "tax gap" reduction initiatives underway at the IRS and federal legislation that will impact your field salesforce.
  • Dean Heyl, Attorney and Director, Government Relations, Direct Selling Association

Best Practices for Working with State Revenue & Tax Officials
When state tax collection departments come to call, you should provide them with what they need, right? Maybe not. Our expert will provide you with the dos and don'ts for dealing with state tax collectors and guidelines for industry precedents for these interactions.
  • James Richmond, President, Professional Tax Services

News From the IRS
Relationships can drive success, and DSA is hoping that the relationship we foster with the Small Business/Self-Employed division of the IRS will bring greater success to your company. Hear from the commissioner during this presentation about current IRS initiatives, upcoming challenges for our industry and much more!
  • Phyllis Grimes, Chief, Industry Liaison, Small Business/Self-Employed Division, Internal Revenue Service

Lessons from a Direct Selling CFO
Think back to the lessons you learned as you started your first position within the ranks of a direct selling company. Learning curves are expected at new jobs, but not when money's on the line! Hear from The Pampered Chef's new CFO about what he's learned since he joined the company, including key differences between a direct selling company and other corporate organizations.
  • Bernard Peters, CFO, The Pampered Chef

State Sales & Use Tax Issues Affecting Direct Sellers
Sales and use tax, nexus, corporate income or franchise tax, independent contractor law and more vary from jurisdiction to jurisdiction. The way in which sellers collect and remit taxes can affect the way companies collect and remit taxes. An especially useful session for small to midsize companies, this session will provide practical guidance from one of direct selling’s most experienced experts.
  • James Richmond, President, Professional Tax Services

Strategies for First-Time Schedule C Filers
The IRS is launching a major outreach strategy to educate first-time Schedule C filers, in the hopes that they will be more likely to pay their taxes appropriately. The effort's focus will be to integrate key tax-related information including office-in-the-home deductions, depreciation expenses, recordkeeping, business deductions and retirement incentives. Listen to this presentation as the IRS provides a detailed explanation on how you can educate your salesforce and make certain they get on the right track when they start their businesses.
  • Phyllis Grimes, Chief, Industry Liaison, Small Business/Self-Employed Division, Internal Revenue Service

Tax Issues Related to the Organization & Operation of Direct Selling Businesses
This overview will focus on tax issues that you may face in connection with the formation and operation of your direct selling business. It will also provide you with important information that you may need to keep in the loop about important tax law changes that could impact your direct selling business. Think your direct selling business is structured and operating in a tax efficient manner? Only one way to make sure - listen to what our expert has to say.
  • Jeff Fugal, Attorney, Quarles & Brady, LLP

Online Assistance for your Company from the IRS
Twenty-one federal agencies, led by the SBA, have designed a “one-stop-shop” to help small businesses stay compliant within federal tax regulations. Serving as an incubator for technologies designed to improve the delivery of services and information to the small business community, this Web site provides a single access point to government services and information to help small businesses with their operations. Join our federal tax expert as we walk through the multitude of resources available through this "Business Gateway" and help your company and distributors remain tax compliant.
  • Nancy Sternberg, Business Gateway Program Manager, U.S. Small Business Administration

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