City Use Tax Webinar
A walkthrough of recording the extra tax
By Tim O’Toole
The Mason Contractors Association of America (MCAA) will present “City Use Tax” on Wednesday, March 22, 2017, at 10:00 AM CDT.
Over the past few months, I’ve heard from several companies about a recent letter from the City of Chicago auditing their material purchases back to 2009 – yes, seven (7) years! If you purchased materials from suburban material suppliers for a city job, you will want to be part of this webinar!
Using Chicago Use Tax as an example, we’ll walk through entering Accounts Payable records to record the extra tax, set it aside for future payment, use part numbers to capture info needed for reporting to the city, and more accurately reflect your job costs.
This webinar is presented by Catherine Wendt of Syscon who has 30 years of experience working with Contractors.
Mason contractors registered for Masonry Certification will receive 1.00 credits in the Ethics & Business Practices discipline upon completion of this course.
This webinar is free to all attendees. Register for “City Use Tax” at www.masoncontractors.org/live.
Visit www.masoncontractors.org/live for more information and to view a full schedule of MCAA’s Live Webinar Series.
About the Author
Tim O’Toole is the Director of Marketing for the Mason Contractors Association of America (MCAA). He has a Masters in Business Administration from Webster University and has worked in the masonry industry since 2003.