White Paper: Pitfalls and Best Practices for Construction Sales and Use Taxes 

What You Need to Know for Sales Tax Compliance and Audit Preparation

Everyone understands that sales tax is applied to retail purchases, but it often comes as a shock to many that sales and use tax is applied to construction expenditures. Why is sales tax collected? How is it calculated and how should records be kept to prepare for an audit?

As a CEO or CFO for a construction business, it is important to understand the tax consequences relating to construction transactions in order to be in compliance with tax requirements and to avoid penalties, interest and assessments in the future.

In this paper, we will examine why construction is taxed, the factors that need to be considered when calculating tax consequences, effective audit defense tips and solutions for reducing tax risk.

  • Taxability of Construction
  • Tax Consequences of Transactions
  • Business Structure
  • Construction Contracts
  • Prime and Subcontractors
  • Calculation of Taxes
  • Customer Issues
  • Certificate Management
  • Special Circumstances 

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