General Contractors, Subcontractors, and Sales Tax
Who pays the sales tax in a construction setting? Normally, the sales tax is paid on the materials when it is purchased. If not, you need to make sure it is correctly listed on the invoice as a separate line item. Subcontractors are simply not off the hook. They need to show that they have […]
Mark-Ups And Spoilage In A Sales Tax Audit
Documenting spoilage in a sales tax audit – If you purchased items that cannot be sold due to spoilage or damage, you need to document it as such. Otherwise, you might be liable for the sales tax. Transcript Markups, spoilage and sales tax audits. I’m Mansoor Ansari with Nexus Tax Defense. The reason why we’re […]
Sampling In A Sales Tax Audit
Sales Tax Sampling in a sales tax audit – sales tax audits are not always a precise science of calculating the true number that a business might owe. A lot of times it’s almost guessing at the most reasonable number. Transcript What’s the big deal about sampling and error rates in the sales tax audit? […]
Sales Tax Voluntary Disclosure
What is a sale tax disclosure? You might want to file for a voluntary sales tax disclosure if you want to avoid penalties. However, you have to meet the test. Transcript Why would you want to file a voluntary disclosure for unpaid sales tax? The answer is quite simple: penalties. You want to be able […]
Is Labor Taxable In Georgia?
Depending on the type of labor that you are providing, you might need to tax the transaction, or maybe a part of it. Make sure to break down the invoice and describe the labor. Transcript Is there sales tax on labor in Georgia? The basis for a taxable sales price for an item sold in […]