Michael J. Wenig & H. Vaughn Ramsey will present a Federal and State Tax Update at a seminar sponsored by the North Carolina Association of Certified Public Accountants in Fayetteville, NC on the morning of December 4, 2014.The course will highlight areas of new legislation and provide clarification of existing laws. The course will also include a discussion of important cases, rulings and other pronouncements issued by the IRS and the NC Department of Revenue over the last 18 months.
Mike and Vaughn will speak at the Sales and Use Tax – New Issues and Old Problems seminar in Fayetteville, NC in the afternoon of December 4, 2014. This session will provide a general overview of the sales and use tax system in NC, focusing briefly on such issues as required licenses, exemptions, and taxation of services and digital products. They will also discuss recent collection efforts and enforcement policies and provide an update on legislative changes, new NCDOR directives and regulations, and cases and rulings affecting sales and use tax in North Carolina. Finally, they will discuss the general principles of multistate sales tax and a number of multistate sales tax issues including drop shipments, fulfillment houses, and collections efforts on a state and national level.
Mike, a director of Tuggle Duggins P.A., has over twenty-five years of experience counseling closely held business clients on a variety of issues. He is also a certified public accountant and has extensive experience representing individual and corporate taxpayers before the Internal Revenue Service, state revenue departments, and in various courts.
Vaughn, a director of Tuggle Duggins P.A., has over twenty-five years experience in general business representation, with a focus on mergers and acquisitions and taxation. He advises clients on a broad spectrum of business transactions, including taxable and non-taxable business sales and acquisitions, entity formation, private placements, joint ventures, general contract matters, and related transactions.
In addition to counseling clients, both Mike and Vaughn are award-winning speakers.