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. For tax years beginning on or after Jan.

Sales 130

Sales Tax Alaska Louisiana 130

CPA Practice

OCTOBER 18, 2023

Wyoming: A tax haven for businesses Wyoming boasts one of the lowest corporate tax rates in the country, attracting entrepreneurs from around the nation in various industries. Montana: Paving the way for economic growth Montana not only has competitive tax rates but also focuses on fostering economic growth.

business tax 59

business tax Tax Alaska South Dakota 59

inDinero Tax Tips

APRIL 20, 2021

Take note, gross receipts tax in Delaware cannot be reduced by deducting expenses related to the costs of the goods or services sold. Your very own Delaware corporate tax calendar. Delaware incorporated entities that owe $5,000 or more in franchise taxes must make estimated quarterly payments in progressively smaller amounts.

Delaware 58

Delaware Wyoming Nevada Oregon 58

inDinero Tax Tips

APRIL 11, 2023

And there’s no state corporate income tax on goods and services provided by Delaware corporations that operate outside of the state. Delaware holding companies benefit from no corporate tax on interest and other investments. The state also doesn’t impose personal property tax.

Delaware 52

Delaware Nevada Sales Oregon 52

ThomsonReuters

DECEMBER 14, 2020

Biden’s corporate tax policy agenda calls for increasing the corporate income tax rate from 21% to 28%, changing the way GILTI is calculated, creating onshoring incentives, and more. Colorado lowered its income tax rate, Arizona passed a high-income surcharge, and Illinois rejected a progressive income tax proposal.

business tax 94

business tax Montana Tax New Hampshire 94

Cherry Bekaert

OCTOBER 21, 2024

The balance of power in Congress will play a vital role in determining the direction of tax legislation, regardless of whether former President Donald Trump or Vice President Kamala Harris take office. For a comprehensive overview of each candidate’s tax policies and priorities, read our previous insights here.

Tax 52

Tax Montana Arizona Michigan 52