- Service-based businesses face unique considerations in sales and use tax
- Key complexities include nexus, taxability of services, exemptions, bundled services, and sourcing rules
- Non-compliance can pose significant risks for service-based businesses
- Staying informed and seeking professional guidance can help navigate these challenges
Source: thompsontax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
