New! Sales Tax – Admission Charges

New!  Sales Tax – Admission Charges 

Begins 1/1/2014

Admission fees will be subject to the tax beginning the New Year.  See NC DOR Directive on Admission Charges.  Live performances, motion pictures, museums and the like will now need to add sales tax to the admission charges.  Re-sellers of tickets on which sales tax was collected will need only charge sales tax on the amount over the original price, including fees and service charges.  

Offering any of the entertainment activities listed above is a service.  An admission charge includes a charge for a single ticket, a multioccasion ticket, a seasonal pass, an annual pass, and a cover charge.

Written by

Steve Moss, CPA is a partner at Holden Moss CPAs and loves helping businesses and their owners grow to be the very best they can be. Our other offices include Raleigh, Oxford and Warrenton.

We are a little different at Holden Moss CPAs. While we still provide traditional tax and accounting services, years ago we realized many clients wanted help in running their businesses and were hungry for ideas, solutions, strategy, and execution. In response, we expanded our skill set and joined Ran One, a global network of business consulting firms. Our membership with Ran One gives us access to proprietary resources and analytical software to help our clients grow, become more profitable and valuable, and have the lifestyle they desire.

Now, blended into the fabric of our normal tax and accounting needs, we are focused on our clients’ businesses in a very different way. While our approach is not right for everyone, for those whom it is, incredible results may be obtained. Whether you have a new, or established, business, or for those in transition of selling or retiring, or for those who simply need to develop an exit strategy or succession plan, our unique approach to client service may be the edge you need.

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