Tuesday, September 25, 2007

ACCOUNTING ADVICE: Are service sales taxes the answer?

Years ago a presidential candidate proposed a national sales tax and the elimination of the income tax. He was practically laughed out of the running and eventually withdrew from the campaign. Today, however, sales taxes are being brought up again on more of a state by state issue.

I have read much about and was reminded of in a recent professional issue update conducted by the INCPAS is the possibility of a sales tax placed on services.

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