Rhode Island compliance for cpa / accountants
- Sales tax: 7.00% state rate. Generally exempts services. State 7%; uniform, no local. Some services taxable.
- Late fees: Up to 1.5% per month under R.I. Gen. Laws §6-26-2. Civil usury cap 21%/yr or 9% over Treasury Bill, whichever is higher.
- Written contract: Required over $1,000.
Avg invoice
$1,850
Net terms
30 days
Deposit
50%
State
RI