Texas Taxes for the Construction Industry- Repair, Remodeling & Restoration

Description

Texas Taxes for the Construction Industry- Repair, Remodeling & Restoration

This guidebook was designed for contractors with repair, remodeling and restoration projects in Texas.  

Topics include:

• the definition of repair, remodeling and restoration
• lump sum contracts versus separated contracts
• when the contractor should charge sales tax and when the contractor should pay sales tax on purchases
• repair, remodeling and restoration projects with tax exempt entities
• subcontractor responsibilities
• maintenance projects and related exemptions

Added bonuses include cheat sheets for both the billing (AR) and purchasing departments (AP), plus checklists for invoicing customers, determining the taxability of construction related purchases and calculating use tax.