TaxConnex

JUNE 17, 2021

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. Other states doing well with tax on marijuana include Oregon, Nevada, Massachusetts, Illinois, and Michigan.

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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.

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TaxConnex

DECEMBER 1, 2022

The Tax Foundation released its State Business Tax Climate Index “designed to show how well states structure their tax systems” – including that of sales tax. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee.

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inDinero Tax Tips

APRIL 20, 2021

From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax , physical and economic nexus tax, franchise tax, and gross income tax. Delaware does tax companies. Step 2: Find a name for your business.

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ThomsonReuters

JANUARY 30, 2023

Both New Jersey ( Assembly Bill 5084 ) and Oregon ( Senate Bill 481 ) are looking to add bereavement as a qualifying reason for their PFMLI programs. Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees. New Mexico.

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CPA Practice

JUNE 13, 2023

While it was billed as a lifeline for some companies, the reality is that businesses are waiting months for these credits because of the excessive backlogs pummeling the IRS. Take the case of Alicia Chapman, CEO of the Portland, Oregon-based metal manufacturer Willamette Technical Fabricators.

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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