Kansas Account Stated for Construction Work
Description
How to fill out Account Stated For Construction Work?
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FAQ
Services performed to install or apply tangible personal property are exempt from sales tax when the services involve the original construction, reconstruction, restoration, remodeling, renovation, repair or replacement of a residence.
Nontaxable types of labor repairReplacing a broken water pump on a customer's used car. Replacing a hard drive in a used computer. Restoring a damaged painting. Altering a customer's used suit to fit better.
A contractor must file a lien statement within four months of the last day that labor and/or material was provided. A subcontractor must also file a lien statement, but must serve a copy of the statement on the owner within three months of the last date of furnishing of labor and/or materials.
GENERAL RULE: MATERIALS ARE TAXABLE All contractors (whether contractors or contractor-retailers) are considered to be the final user or consumer of the materials they install for others, and must pay Kansas sales or use tax on them.
Kansas imposes a 6.5 percent (effective July 1, 2015) percent state retailers' sales tax, plus applicable local taxes on the: Retail sale, rental or lease of tangible personal property; Labor services to install, apply, repair, service, alter, or maintain tangible personal property, and.
GENERAL RULE: MATERIALS ARE TAXABLE All contractors (whether contractors or contractor-retailers) are considered to be the final user or consumer of the materials they install for others, and must pay Kansas sales or use tax on them.
Record the Kansas mechanics lienRecording a mechanics lien is done in the office of the district court in the county where the property is located. You may mail your mechanics lien documents to the district court or visit the court and file the Kansas mechanics lien in person.
The deadline to file a Kansas mechanics lien is generally 34 months. A general contractor has 4 months from the date in which services or materials were last provided on a project.
Does Kansas limit the amount of retainage that can be withheld from a contractor? Retainage is generally limited to no more than 5%, unless the owner or contractor determines a higher rate is required to ensure performance. The higher rate may not exceed 10%.
WHAT PURCHASES ARE EXEMPT? Only goods or merchandise intended for resale (inventory) are exempt. Tools, equipment, fixtures, supplies, and other items purchased for business or personal use are TAXABLE since the buyer is the final consumer of the property.