TaxConnex

MARCH 25, 2021

From a sales and use tax perspective, there isn’t much of a difference between a subcontractor and a prime or general contractor. At first glance, the sales and use tax requirements for a contractor seem quite simple. As such, all purchases by a contractor are usually subject to sales and use tax.

Construction 169

Construction Tax Sales 169

ThomsonReuters

JULY 10, 2023

Jump to: What is sales tax? Sales tax varies by state What is nexus? What is excise tax? What is VAT tax? Sales tax vs. use tax Summary Sales tax, which is a consumption tax levied on the sale of goods and services, is an important source of revenue for governments at the state and local levels.

Sales 98

Sales Tax Michigan Washington 98

ThomsonReuters

JULY 6, 2023

Business advisory services capitalize on the unique insight of accounting firms to make a profitable shift from serving clients as a once-a-year tax compliance processor to a year-round strategic business advisor. Today, technology can automate the entire tax compliance workflow. What are business advisory services?

accounting firms 98

accounting firms Account accountant accounted 98

Anders CPA

JULY 25, 2023

This consideration impacts the tax treatment of any rental income or losses and, consequently, may result in significant tax savings. Thus, in a given tax year, you may have income from non-passive sources, like a W-2, 1099, or Schedule C earnings, but the rental loss can’t be used to reduce the resulting taxes.

Real Estate 52

Real Estate Tax Non-Profits income tax 52

ThomsonReuters

JULY 6, 2023

This includes understanding the financials of each party involved, including debt levels, interest rate considerations, tax implications, and more. How does M&A advisory compare with tax advisory , business advisory , or accounting advisory services ? Why should accountants get into M&A advisory?

Legal 52

Legal Tax Start-ups Construction 52

ThomsonReuters

MARCH 16, 2021

Cross-border trade comprises nearly half of the global GDP and undergirds mission-critical corporate functions including product development, procurement, manufacturing, sales, and distribution. “In The past few years have been extraordinarily challenging for the professionals who oversee supply chains at multinational corporations.

Technology 81

Technology Construction Manufacturing Sales 81