Service Providers
Accounting for service providers based on the services & goods your business provide to your customers.
SUCCESS, TOGETHER
Efficient Accounting Solutions for Service
When it comes to service providers, we need to consider your employees or sub-contractors, inventory, and daily operations costs such as fuel and depreciation of fixed assets.
MISSION-DRIVEN
Our staff provides financial updates to ensure that you’re in the loop.
When it comes to sales tax, service providers must have a very different mindset than merchants in most states. Businesses that only provide strictly non-taxable services are exempt from collecting and remitting sales tax.
Even though non-taxable services account for most of your sales, if you sell anything else alongside the services, such as a tangible object, you must be prepared to conduct sales tax due diligence. You don’t want to make a simple but costly error that could result in a sales tax bill for your company.
Take a closer look at how services are taxed.
Small modifications to your business operations, such as invoice and contract setup, and a deeper dive into state rules, can pay off big time for your organization. You don’t want to collect and pay superfluous sales tax on exempt services, and you don’t want to discover later that you should have paid tax on one of your services and incur back taxes plus interest and penalty.
Regardless of the services you provide, you must pay attention to details such as how you create invoices and list the commodities sold, as well as how each state’s sourcing standards and definitions are written.
Here are a few typical mistakes to avoid when it comes to sales tax on services so you don’t end up with an unpaid sales tax bill.
Values we live by
1
THRIVE
We take into account more then just bookkeeping to keep your business thriving throughout the year.
2
STABILITY
anticipate financial trends and find inventive solutions to stabilize cash flow and stay on budget.
3
DELIVER
We deliver meaningful weekly reports that allow you to track where your money is going and plan ahead.
PATH TO SUCCCESS
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