TaxConnex
JUNE 17, 2021
billion in tax revenue from legal, adult-use marijuana sales, according to one pro-legalization group. Among the first states to legalize marijuana some seven years ago, Washington collected $614 million in marijuana tax revenue last year. And Colorado raked in $362 million in marijuana taxes in 2020, a 30% jump from 2019.
MyIRSRelief
OCTOBER 11, 2024
If you’re searching for an “Enrolled Agent near me,” you’re likely looking for someone who can provide a wide range of tax services. Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Business Tax Preparation Business tax preparation is another critical service offered by Enrolled Agents.
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TaxConnex
JULY 15, 2021
There’s always something changing in the world of tax, especially sales tax. Colorado lawmakers have adopted SB21-282 , which extends the exception to destination sourcing requirements; the exception applies only to businesses with less than $100,000 in retail sales.
CPA Practice
OCTOBER 18, 2023
One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.
CPA Practice
AUGUST 21, 2023
They’re bucking the federal laws and decoupling from federal tax code Section 280E, meaning that legal marijuana firms located in these states can deduct expenses for state tax purposes, even if they can’t do so on their federal income tax returns. Look for more states to follow suit. _
CPA Practice
FEBRUARY 6, 2024
Maine and Massachusetts both enacted income tax nexus standards with $500,000 sales thresholds after Wayfair was decided. Most recently, New Jersey enacted a bright-line economic nexus standard for purposes of the Corporation Business Tax (CBT) for taxable years ending on and after July 31, 2023.
ThomsonReuters
JANUARY 30, 2023
Colorado began collecting premiums for its PFMLI program, beginning January 1, 2023, with benefits being paid out beginning in 2024. Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees. As a result, several states began offering a state-run program.
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