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Multiple factors can impact sales tax treatment such as: Where is the project located? Are materials purchased in one state and used in another? Are materials being affixed to a property?
There are a lot of questions that can come up when sales and use tax come up in contracts. Specifically, construction contractors work in more than one state and then have the responsibility of understanding and complying with complex sales tax laws.
Join Michael Colavito, Jr. as he provides an overview of the application of sales tax to the construction industry. Michael will review specific topics like general sales and use tax principles applicable to contractors and common variations to general rules, including interstate transaction issues. Michael will also review other taxability issues, including equipment rentals, fabrication, and landscaping.
- Recall the general sales tax rules and concepts contractors should be aware of.
- Identify common exceptions to the general rule for contractors.
- Describe differences in the sales tax rules applicable to contractors in the DMV region.
- Apply administrative, compliance, and audit preparedness to your work.
To register for this session, go to this Zoom link. In order to be awarded the full credits, you must respond to 75% of the polls asked during the webinar.
Participants will earn 1.6 CPE credits.
Field of Study: Taxes
Who Should Attend: Construction, Contractors, CFOs, Controllers
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
No Fee: For more information regarding complaints and program cancellation, please contact our offices at 301-231-6200.
Aronson LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.