Larry, Not sure if you can help me out with this? I have an equipment lease and they seem to be changing the terms on it. When we signed it was at 6% for the tax rate and now it seems the tax rate has changed and they are billing us for it. Is that appropriate or would it be at the rate we signed at? Alice
Alice, Depends on the contract. In most cases the sales tax is not a fixed amount but rather varies with the state/city rate. If I had to guess, I would say you are a stuckee. You need to read your contract to be sure.
Larry Kopsa CPA
Larry Kopsa CPA
