Does my law firm have to pay sales tax?

CosmoLex Team

Many states charge sales tax on tangible personal property, but increasingly, some states are also charging sales tax on professional services. And others don’t charge sales tax at all. Are there all kinds of weird rules and exceptions? You bet. Know your state laws First, you need to know your state laws. At present, Hawaii, New Mexico, and South Dakota … Read More

How much will our law firm be taxed?

CosmoLex Team

The amount that a firm is taxed varies by firm, but it’s likely a big expense for your firm. A wide number of factors play into what the total dollar amount is, but one factor you should pay particular attention to is your tax rate[1]. The Tax Cuts and Jobs Act of 2017 made substantial changes in tax rates for … Read More