Hi All, New to this community & wanted to take a moment to introduce myself. I am a tax professional who has been working with contractors to resolve tax/workmen's comp issues for 20+ years. I'm here to help, post tax tips that may be useful to contractors, and answer any tax questions you may...

Effective ust two days ago, I heard that Connecticut sales tax has been raised from 6% to 6.35%. State link. If you do work in CT, you will want to make sure you have yourself covered in collecting, as CT only requires you PAY the tax, not that you collect it.

We have a new electrical contracting business. Some confusion on what we pay tax on and what customers pay tax on. Have gotten different answers from different sources. Am I correct that we pay sales tax on everything we buy but we do not list sales tax on the customer's bill? We just raise...