Contractor Newsletter July/August 2023
Summer construction projects are booming and it can be tempting to take on projects in nearby states. If you are a contractor based in the Philadelphia region, you may work on a construction project in nearby New Jersey, Delaware, Maryland or New York. The same can be said for New Jersey contractors who may work on a conveniently located construction project across state lines.
Working In Another State?
If your construction projects require you to cross state lines, it is important to understand sales and use taxes, which is one of the topics in this edition of our Contractor newsletter.
Articles in this issue include:
- Labor burden rate: Ensure bids account for this critical metric
- Crossing state lines? Brush up on sales and use taxes
- 5 tips for a smoother surety experience
- Flying high with a drone while staying grounded about the risks
As always, if you have question on any of these articles or other topics, please contact Stephen Slade, CPA, or any of our construction accountants.
To read the July/August issue of Contractor, please click HERE.
DISCLAIMER: The WM Daily Update, WM Wednesday Wisdom, Newsletters, and other related communications are intended to provide general information as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.
