TaxConnex

JUNE 17, 2021

And Colorado raked in $362 million in marijuana taxes in 2020, a 30% jump from 2019. Other states doing well with tax on marijuana include Oregon, Nevada, Massachusetts, Illinois, and Michigan. California: For adult use retail sales there is a statewide 15% excise tax as well as a statewide sales tax rate of 7.25%.

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CPA Practice

FEBRUARY 16, 2024

Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. 24, 2023, through June 17, 2024 (postponement period).

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Michigan Tax tax return income tax 59

CPA Practice

NOVEMBER 6, 2023

Best Business Tax Update 2023 , which takes place December 15 from 8:00 AM – 3:45 PM. Michigan Institute of CPAs Welcomes New Board Members The Michigan Institute of CPAs (MICPA ) recently welcomed three new board members. Fees are $310 for ISCPA members and $410 for non-members. Those interested can register here.

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CPA cpas Idaho Michigan 113

CPA Practice

AUGUST 15, 2023

where inflation is causing property tax rates to increase to the maximum amount allowed by law. Higher property taxes in Michigan Michigan homeowners are facing the highest property tax increase in 28 years, at 5%. The inflation rate in 2022 could have caused tax rates to jump by nearly 8% in 2023.

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South Carolina Michigan Tax Washington 94

MyIRSRelief

MAY 22, 2023

Professional (EA, CPA, Lawyer) tax help can assist businesses in resolving 941 payroll tax problems by identifying the cause of the issue, gathering documentation, and communicating with the IRS on behalf of the business. Navy Pier: Navy Pier is a 3,300-foot-long pier that extends into Lake Michigan.

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payroll tax payroll audit Tax 147

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. _

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income tax Tax tax return Oregon 98

CPA Practice

JULY 26, 2023

And sometimes tax requirements differ under different circumstances. In Michigan , for example, an online travel agency generally isn’t required to collect and remit applicable accommodations taxes on the net rate so long as the accommodations provider itself is registered for Michigan sales tax.

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