Contact: Karie Zellner
WISCONSIN – Schenck will be hosting a 2012 Sales & Use Tax Update for Grocery Stores, Bakeries and Convenience Stores on Thursday, April 12 at Pine Hills Country Club in Sheboygan. Accounting managers, accounting personnel, purchasing agents and small business owners affiliated with grocery stores, bakeries or convenience stores will benefit from attending.
Effective October 1, 2009, a significant law change occurred affecting the food industry. The rules are complex, and it can be difficult to know how to apply general rules to unique situations. Unfortunately, errors can increase the chance of being audited—and add to exposure.
This two-hour workshop will cover sales and use tax issues impacting the industry, including the taxability of exempt food and food ingredients, prepared food, candy and soft drinks.
Attendees will learn:
· How to limit their sales and use tax liability exposure
· When to charge their customers sales tax and when to self-assess use tax
· Best practices in structuring transactions to reduce tax obligations
· How to handle overpayments and refund opportunities
This workshop will be presented by members of Schenck’s State & Local Tax team, all former Wisconsin Department of Revenue auditors with a combined 35 years of audit experience.
The seminar will be held on Thursday, April 12 at Pine Hills Country Club, 4914 Superior Avenue, Sheboygan, from 8:00 a.m. – 10:00 a.m. (registration begins at 7:30 a.m.) There is no cost to attend. To register, visit www.schencksc.com/2012sautgrocery or call Lisa at 800-236-2246, extension 3121.
Schenck is a full-service regional accounting and consulting firm. Schenck has over 500 employees that serve businesses and individual clients through nine locations in Wisconsin. As one of the largest CPA firms in the state and the U.S., Schenck provides a full range of services including accounting and audit, tax, business consulting, information technology, merger & acquisition, retirement planning, investment, and payroll solutions for businesses, governments, non-profits, and individuals.