2014 Virginia BPOL Tax Update Seminar- Are Statutory Business Deductions Caught Between a Rock and a Hard Place?
SKU:
$295.00
$295.00
per item
Month, day, year , 8:30am - 12:30pm
8407 Pennell St., Fairfax, VA 22031
(see map below)
Who should attend:
8407 Pennell St., Fairfax, VA 22031
(see map below)
Who should attend:
- In-house tax professionals of government contractors, management consulting, professional services, advertising and marketing firms.
- Technology firms engaged in information technology, cloud based services, and software development.
- Wholesalers
generally and firms engaged in government procurement,
- .Any finance
executive or CFO wishing to reduce his or her company’s BPOL tax burden by
fifty percent or more.
Discussion Topics
- Status of out-of-state deduction for services performed by Virginia taxpayers for customers located outside the Commonwealth.
- In depth discussion regarding pertinent court cases including Arlington v. Nielsen (2013), Ford Motor Credit v. Chesterfield (2011), and English Construction v. City of Lynchburg (2009) plus other relevant court cases that preceded the 1996 model ordinance.
- Evolving interpretation of the out-of-state deduction based on multiple Tax Commissioner rulings spanning from 1997 through 2014.
- Presentation of various deduction strategies and how to implement them.
- How to take Fairfax software development exemptions even though your company’s software development activities are performed outside the county.
- Sourcing by specific performance, direct labor allocation or payroll apportionment. Which should you choose?
- Could my procurement activities be classified more advantageously as a wholesaling function?
- Beneficial sourcing rules applicable to wholesalers.
- Common audit strategies utilized by the localities and how to effectively rebut them and win.
- Overview of the administrative appeal process. How to navigate the pitfalls, bulwarks, and thickets that trip up the most seasoned professionals.
James L. May, C.P.A. is an accomplished state and local tax consultant with numerous Virginia public documents to his credit.
He was an expert witness in the Virginia BPOL decision Ford Motor Credit v. Chesterfield County, S.Ct. of VA, 281 Va. 321; 707 S.E.2d 311; (2011). Jim also played a pivotal role in a manufacturing decision that created a bright line test for distinguishing M&T from intangible capital, Daily Press v. Newport News, S.Ct. of VA, 265 Va. 304; 576 S.E.2d 430; (2003).
He was an expert witness in the Virginia BPOL decision Ford Motor Credit v. Chesterfield County, S.Ct. of VA, 281 Va. 321; 707 S.E.2d 311; (2011). Jim also played a pivotal role in a manufacturing decision that created a bright line test for distinguishing M&T from intangible capital, Daily Press v. Newport News, S.Ct. of VA, 265 Va. 304; 576 S.E.2d 430; (2003).