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Sales and Use Tax Updates from March

TaxConnex

Tennessee finance leaders might have overpredicted COVID’s impact on the state’s revenue: February tax collections were 11% higher than the same month in 2020, just before the pandemic disrupted the economy. Revenues from online sales taxes boosted monthly growth rate with approximately $44.5

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What’s new in sales tax?

TaxConnex

Ohio’s sales tax exemptions set to take effect from Oct. Texas will no longer collect sales tax on essential baby products like diapers and wipes, as well as menstrual products, starting Sept. New Jersey signed budget legislation that changes the state’s corporate tax regulations. Texas sales tax revenue hit $3.99

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7 steps for an accurate and successful corporate tax return filing

ThomsonReuters

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. is a C corporation.

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Tax Partner Matters More Than Firm on Business Taxes

CPA Practice

Wilde’s study, “Who really matters in corporate tax?” was co-authored by Andrew Belnap of the University of Texas and Jeffrey Hoopes of the University of North Carolina and was published in the Journal of Accounting and Economics.

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What was new in October for state sales and use taxes

TaxConnex

For tax years beginning on or after Jan. 1, 2022, businesses have nexus with New York City and are subject to the City’s business corporation tax if they have at least $1 million in New York City receipts. Texas Comptroller Glenn Hegar reported that state sales tax revenue totaled $3.69 billion in September, 17.2%

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5 States with the Lowest Combined Business Taxes

CPA Practice

5 states with the lowest total tax burden for businesses While each state has its own tax structure, several states stand out for their favorable business tax environment. Here are five states renowned for their low taxes for businesses: 1. Florida also provides tax breaks and incentives for startups.

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2022 Year-End Tax Planning Checklist

Withum

For example, common states where people move to reduce state taxes are Florida, Texas, Wyoming, and Nevada. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. Energy credits.