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As an accrual-basis contractor, must I wait until payment is received before sales tax is remitted on my contractor labor charges?

April 26, 2017accrual-basis Charges contractor labor payment received remitted wait

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As an accrual-basis contractor, must I wait until payment is received before sales tax is remitted on my contractor labor charges?

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No. Accrual-basis contractors must remit sales tax on their contractor labor charges when the customers are billed. Note, however, that beginning October 1, 2007, contractor labor charges are not taxable.