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Taxation of services

TaxConnex

Services continue to pop up among states’ lawmakers as a potential new source of sales tax revenue. Consumption of many personal services, such as cosmetic and beauty services, fitness, pet grooming, veterinary services and landscaping, among others, skews towards the higher end of the income scale.

Indiana 187
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Spotlighting Women in Advisory Practice: “We needed to focus on what people wanted,” says Erin Heath, CPA

ThomsonReuters

Upon graduation, Heath worked for one of Nebraska’s largest sole CPA tax practitioners, who not only taught her the accounting business but became a true mentor to her. It was working there that she realized there was a great need and lots of opportunity for tax services professionals in her existing community.

CPA 98
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What's new in May for state sales and use taxes

TaxConnex

For gross receipts from the sale of newly taxed services prior to Jan. 1, 2023, if the gross receipts were less than $6,000 during calendar year 2021, the services are exempt. Louisiana’s senate has rejected a plan passed earlier by the state’s house to phase out a temporary sales tax over the next three years.

Sales 192