CPA Practice

MARCH 7, 2023

For example, it makes sense to suggest electing S Corp status to your clients when their self-employment tax burden exceeds the tax burden if the corporation converted to an S Corp. Other factors to consider include which states do or do not recognize S Corps at the state level.

New Hampshire 114

New Hampshire tax return Tax income tax 114

Snyder

JUNE 9, 2022

Note: The important thing is that the United States income tax rates are marginal , which just means that each tax rate applies to only one part of your income. . Income tax calculations are reflected in the business tax return. In the USA, the IRS or local tax agencies play the role of such authority.

income tax 52

income tax tax return E-commerce Tax 52

PYMNTS

SEPTEMBER 4, 2019

States can now tax sales by companies that do not have a physical presence within the state. One state might tax a product that another excludes from levies, for example, and not all states offer the same small business tax exemptions. Will this increasingly regulated online sales tax environment affect this growth?

South Dakota 51

South Dakota Sales Tax Louisiana 51

inDinero Tax Tips

APRIL 11, 2023

County-level real estate property tax can exist, but it’s typically very low in comparison to property taxes in other states. In addition, the state has no value-added taxes (VATs), use taxes, or an inheritance tax. The amount of franchise tax and how each state calculates the tax varies.

Delaware 52

Delaware Nevada Sales Tax 52

inDinero Tax Tips

APRIL 20, 2021

The Delaware Division of Corporations offers electronic (in-person is suspended during the COVID-19 emergency) submission of business entity documents between the hours of 7:45 a.m. Delaware does tax companies. The Delaware franchise tax. A franchise tax is a charge by states on corporations to conduct business in their state.

Delaware 64

Delaware Wyoming Nevada Oregon 64

ThomsonReuters

OCTOBER 20, 2020

In response to the fluid and uncertain situation that many businesses are facing, Checkpoint Catalyst conducted a comprehensive survey of state tax agencies to find out how individual states are managing tax issues related to COVID-19 worker displacement.

South Dakota 40

South Dakota Sales Tax Rhode Island 40

CPA Practice

MAY 19, 2023

Sherrod Brown wants to tweak a controversial upcoming tax rule that would require third-party payment platforms to issue 1099-K forms to small business owners and entrepreneurs who have at least $600 in sales. Bill Cassidy, a Louisiana Republican, that would raise to $10,000 the sales threshold that would trigger the forms.

Tax 98

Tax Louisiana Missouri Ohio 98