I run my business as a D/B/A (I’m not incorporated or an LLC) I am licensed and insured and I run my books on the up and up. I just finished repair/renovation work on the exterior tinwork of a commercial storefront building (not my typical project). I tallied the bill when finished right in front of the bldg. owner. When I had the total I proceeded to calculate the tax. The bldg. owner said he didn’t think tax would be a part of this bill because it was a bldg. renovation. He said he would check with his bookkeeper and I said I woukld look into it as well. Anyone real good at running there own books who could give me some tax insight here as to whats correct?? Thanks in advance.
Added;
By the way, besides being a state of confusion, I’m also in the state of New York.
Edited 4/23/2003 8:35:25 AM ET by taylorsdad
Replies
probably depends where ya are.
I don't have to charge tax.
my mechanic does.
somehow there's a difference.
I don't even need a seperate tax ID number.
Jeff
Buck Construction Pittsburgh,PA
Fine Carpentery.....While U Waite
Down here, new commercial work is not taxed, repair/renovation is. No tax on the labor portion for residential renovation & repair, but the material is taxed.
Do it right, or do it twice.