-
Recent Posts
Recent Comments
Archives
Categories
Blogroll
Tags
25 attorney Barbara Hickman biggest loser bonus depreciation cash-flow child chill in the hills construction contractor contractor's tax deadline deduction dependent estimate extension GAP growth and prosperity H.R. 5297 holiday interest itemize Lindsay Jones manufacturing Mississippi Nancy Wansley office hours Patrick House penalties refund relative section 179 self-employment small business Small Business Bill student tax taxes tax organizer tax planning tax relief tax season tuition United Way volunteer
Tag Archives: contractor’s tax
Contractor’s Tax
The state of Mississippi has special sales and use tax rules for construction contractors. Some contractors pay a special contractor’s tax equal to 3.5% of gross revenues in lieu of a 7% sales tax. However, this contractor’s tax is only … Continue reading
Relax! There is more to the Contractor’s Tax…
Nathan Cummins, CPA The Mississippi Sales Tax Law levies a 3 ½ percent tax on all non-residential construction contracts in excess of $10,000. This tax, known as the Contractor’s Tax, has no exceptions. But don’t panic yet! There is a … Continue reading