North Carolina Tax Update: Contractors and Sales Tax

Posted on 03.21.17

North Carolina Tax Update: Contractors and Sales Tax

By Terry Barrett, CPA, Tax Senior Manager | State & Local Tax Team

In January, we posted a blog explaining key sales tax changes in North Carolina affecting contractors.

The North Carolina Department of Revenue just released additional guidance on the issue which includes an easy reference chart that may assist contractors in determining whether they are required to collect the sales tax from their customers on their charges or must pay sales/use tax on their purchases.

Please note the disclaimer in the North Carolina Department of Revenue's notice that the list is not specific tax advice and the application of the sales and use tax may differ based on the facts and circumstances of a particular transaction. 

If you have questions about Contractors and Sales Tax, please reach out to your Keiter advisor or Email | 804.747.0000.

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

Posted by: Terry Barrett, CPA

Terry Barrett specializes in state and local tax concerns for her clients. She has over 30 years of experience working in the public and private accounting sector. She is a graduate of Virginia Commonwealth University. You can read more of Terry’s state and local tax insights here.