Are you forgetting something? For many contractors, sales and use taxes are too easily ignored
Abstract: With year end fast approaching, many contractors may be thinking about income tax planning. But there’s another tax issue that also warrants their attention: sales and use taxes. This article explains the distinction between the two, and how to avoid double taxation. It also shows how contract structure plays a big role in how sales and use taxes affect construction companies, while a sidebar looks at two valuable tax breaks for hiring certain unemployed workers.