PBMares Accounting Blog

State and Local Tax Compliance: What Government Contractors Need to Know

Posted by Neena Shukla, CPA, CFE, CGMA, FCPA on Sep 19, 2017 2:13:06 PM

The federal government is, by law, exempt from paying state and local taxes. However, this exemption does not apply to organizations with federal or state government contracts, which are designated as agents of the government. In fact, government contractors are subject to specific state and local taxes simply because they are government contractors.

Contractors must be aware of the tax laws specific to the states they operate in, and any localities that impose taxes as well.

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Topics: Government Contracts, SALT

Now Is the Time to Pay Back Taxes to Virginia!

Posted by Lori Roberts, CPA on Sep 6, 2017 4:47:13 PM

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Topics: Tax Planning, SALT