You've seen our urgent alert about Maryland's proposed 2.5% sales tax on business-to-business services, introduced in the House and the Senate on Monday.
This is literally a tax on filing your taxes. But this isn't just about accounting – it affects virtually every service your business relies on to operate.
Maybe even the services you sell.
Which Services Could Cost You More?
- IT support and cybersecurity
- Marketing and advertising
- Professional cleaning, landscaping, and building maintenance service
- Insurance and financial advisors
- Accounting, payroll, and tax services
- Business consulting
- Security services
- Auto repairs and Transportation services
The Compliance Nightmare
Will this sales tax apply to Virginia residents using a Maryland service provider?
Will this sales tax be avoided by Maryland residents using a Virginia service provider?
If I provide services for a business with 3 locations, will the sales tax only apply to services provided remotely to the Maryland location?
The Real Impact:
Think of that complexity in your own business - both the service providers you use, and the customers you serve. Then add another 2.5% sales tax on the additional fee you pay us to help track that complexity. That's money that could be used to grow your company or hire crucial team members (Maryland jobs!).
Annapolis Already Tried This In 2024. This Tax Could Pass This Session Unless You Act:
2. Call or email them today. Every voice matters!
3. Tell them how this tax will hurt your business
4. Share this post with other business owners
Make sure your voice is heard. Maryland's small businesses can't afford to shoulder the burden of our state's deficit spending.
More Info from our state advocacy group: Maryland Association of CPAs