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Construction contractors and sales tax

TaxConnex

Construction contractors have a tough job these days, given labor shortages, supply-chain headaches and mushrooming regulation. Generally, a business in the construction industry is performing a service, and most services are excluded from sales and use tax. Lump-sum and separated (itemized) contracts. Tax-exempt entities.

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Case Study: Optimizing Tax Incentives for Real Estate & Construction Firms

Cherry Bekaert

Company Background The Company is a prominent player in commercial and residential real estate construction, operating across the southeast of the U.S. With more than five million square feet of space developed or redeveloped, the Company focuses on retail, multi-family, hospitality, office, industrial and residential properties.

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Complexities of Sales Tax: Construction

TaxConnex

If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. That might be true in some states but different states have different rules when it comes to construction services.

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Retail and Hospitality: LA’s vibrant culture attracts tourists and locals alike, fueling the retail and hospitality sectors. Inglewood: With the recent construction of SoFi Stadium, Inglewood is experiencing a boom in the sports and entertainment industry.

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Top Remote Accountants of the Week | May 16, 2024

Going Concern

FTE Senior Accounting and Tax | Candidate ID #5311425 Certifications: CPA, QB ProAdvisor Education: BA Accounting, MS Accountancy Experience (years): 10+ years public accounting Work experience (detail): 2+ with national firm 10 years working with large C-Corp clients 5+ years with SMB and HNWIs tax prep and advisory 4 years with own practice with (..)

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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

Supporters, including brick-and-mortar retailers, reportedly said that the 8% rate for internet sales put them at a disadvantage as many of them operate in communities with higher combined sales taxes. The rate would be recalculated every five years. Voters throw a huge block.

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Government Says US Job Openings Rose In July

PYMNTS

Job openings rose in a number of industries, with the largest increases in retail trade (+172,000), health care and social assistance (+146,000), and construction (+90,000),” the agency wrote in the narrative accompanying the announcement. percent in July, the government reported. employers were trying to hire for 6.6