TaxConnex

JUNE 21, 2022

On the flip side, sales tax breaks are appearing, most notably in such areas as groceries as inflation continues to rise, and sales tax holidays are growing in popularity. They’re still looking. Sellers have also begun pushing back.

South Dakota 246

South Dakota E-commerce Alaska Missouri 246

CPA Practice

MARCH 13, 2024

A Louisiana physician has been sentenced to 52 months in prison for tax evasion. million in income taxes, excluding interest and penalties. for the Middle District of Louisiana made the announcement. Trial Attorney Wilson Stamm of the Tax Division and Deputy Criminal Chief Edward Warner and Assistant U.S.

Louisiana 52

Louisiana Tax Real Estate income tax 52

Accounting Today

OCTOBER 9, 2024

Bill Cassidy, R-Louisiana, and Mark Warner, D-Virginia, introduced legislation supported by the AICPA that would create a dashboard to inform taxpayers of backlogs and wait times for their tax refunds. A bipartisan pair of lawmakers, Sen.

Louisiana 122

Louisiana Virginia Tax income tax 122

TaxConnex

AUGUST 15, 2023

Among highlights: In some cases, local sales taxes exceed state rates. The five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). California has the highest statewide sales tax rate, at 7.25%.

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Sales Tax Alabama Texas 130

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. To help you meet the income tax filing season fully armed and prepared, we have compiled a step-by-step guide.

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income tax tax return E-commerce Tax 52

CPA Practice

APRIL 3, 2024

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

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Rhode Island Alaska New Hampshire Tax 111

TaxConnex

DECEMBER 29, 2022

But others clung to hiking sale taxes: Kentucky considered gradually replacing its individual income tax with a broader sales tax. South Dakota rejected a proposal to cut the state sales tax. Florida seemed to be leading the way with proposed relief on a range of products from power tools to concert tickets.

Sales 130

Sales Tax Maryland Louisiana 130

CPA Practice

APRIL 12, 2023

By missing out on filing a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2019. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds in 2019.

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

APRIL 9, 2024

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

Rhode Island 105

Rhode Island Alaska New Hampshire Tax 105

Cherry Bekaert

AUGUST 10, 2023

Louisiana Louisiana House Bill No. The Louisiana PTET election is effective for the tax year made, and succeeding tax years until terminated. 428 was recently signed into law, providing two technical modifications to the state’s PTET election applicable to taxable years beginning on or after January 1, 2023.

Alabama 98

Alabama Ohio Iowa Louisiana 98

Cherry Bekaert

AUGUST 9, 2024

In addition to the typical credits related to investment and job creation, below are five valuable tax credits available to businesses operating within the manufacturing industry. The carryforward period is extended to ten years for a credit against the personal income tax. Excess credits may be carried forward five years.

Manufacturing 64

Manufacturing West Virginia Mississippi Louisiana 64

TaxConnex

APRIL 18, 2023

“The local taxes are becoming an increasingly popular way for cities and counties to share the costs of capital projects and infrastructure improvements with out-of-town visitors,” news outlets said. Most of the proposals generally amount to a half-cent on top of the 6.875% sales tax that the state already collects.

Sales 130

Sales North Carolina Alaska Tax 130

TaxConnex

OCTOBER 8, 2024

Kentucky Department of Revenue: Only the “Web” option seems to produce any hits, which include a number of state sales tax fact sheets. Louisiana Department of Revenue: Direct to fact sheets, forms (including direct marketers’), FAQs and more. There’s also a localities’ rate guide for 2016.

Sales 113

Sales Tax Rhode Island West Virginia 113

CPA Practice

OCTOBER 16, 2023

Taylor, Kiplinger Consumer News Service (TNS) Many Californians thought their taxes were due today (Oct. 16), but the IRS has further postponed tax deadlines for people in 58 counties impacted by natural disasters last winter. 16, 2023, to file their 2022 federal income tax returns and pay any tax due.

California 64

California Tax tax return income tax 64

CPA Practice

OCTOBER 22, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

payroll 52

payroll Rhode Island West Virginia South Dakota 52

ThomsonReuters

APRIL 25, 2024

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

CPA Practice

MARCH 7, 2023

Other jurisdictions, such as the District of Columbia, Louisiana, New Hampshire, New York City, Tennessee, and Texas, don’t recognize the federal S Corp election and tax S Corps as a corporation. 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

PYMNTS

NOVEMBER 22, 2019

Governments and businesses have recently been fighting in court over disputes regarding remote seller tax policies. The latest spate of lawsuits has seen a small Louisiana parish going head to head with Walmart, and even an Alabama county fighting itself over how to properly disburse revenue from its online sales tax.

South Dakota 63

South Dakota Missouri Wisconsin Louisiana 63

ThomsonReuters

JUNE 14, 2021

The Iowa legislature passed a significant tax bill modifying the state’s income tax laws. The bill would reduce the number of tax brackets to four (currently, there are nine tax brackets) with new rates, effective beginning in 2023. Unemployment tax information for 2022 released.

payroll 98

payroll Missouri Virginia Delaware 98

CPA Practice

OCTOBER 23, 2024

Email (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More Full Name (Required) State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas (..)

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

LyfeAccounting

JULY 22, 2021

Hawaii also has the second-highest income tax in the country coming in at 11%. That’s 11 times more than other states like F lorida and Texas who virtually have no income tax at all. Louisiana has very attractive property tax rates. Nevada’s effective property tax rate is just 0.6%

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

LyfeAccounting

JULY 22, 2021

Hawaii also has the second-highest income tax in the country coming in at 11%. That’s 11 times more than other states like F lorida and Texas who virtually have no income tax at all. Louisiana has very attractive property tax rates. Nevada’s effective property tax rate is just 0.6%

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

CPA Practice

AUGUST 26, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve? million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

SEPTEMBER 20, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

Anders CPA

MAY 15, 2023

Below we dive into the state and unemployment tax responsibilities employers need to know. It’s important to remember an out-of-state employee will be considered an employee in the state in which they work , not the state in which the business is based or in which the employee lives.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

CPA Practice

JULY 19, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system? million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

Delaware 52

Delaware Nevada Sales Oregon 52

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so.

Delaware 58

Delaware Wyoming Nevada Oregon 58

SkagitCountyTaxServices

MAY 26, 2021

With May 17th behind us (though for those in Texas, Louisiana and Oklahama — this was just another day. But before we leave taxes in the rearview, let’s address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a regular person has.

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business tax Tax tax return income tax 41

ThomsonReuters

FEBRUARY 6, 2024

for example, does not have a federal sales tax, but taxes may be applied at the state and regional levels. States with the highest average local sales tax rates include Alabama, Louisiana, Colorado, New York, and Oklahoma.

Tax 52

Tax income tax Manufacturing corporation tax 52

ThomsonReuters

OCTOBER 20, 2020

The results of the Checkpoint Catalyst Survey of States’ Approach to Temporary Telecommuting survey show that the business tax consequences of COVID-19 telecommuting for companies large and small are unclear in most states. At issue in these circumstances is the concept of a tax nexus , or connection, with the state.

South Dakota 40

South Dakota Sales Tax Rhode Island 40

ThomsonReuters

JULY 10, 2023

At the state level, it is not uncommon to have more than one sales tax rate. Items deemed necessities like groceries may have a lower tax rate (or even be exempt) in an effort to provide some low-income tax relief. As noted above, many states also have local sales taxes.

Sales 97

Sales Tax Arizona Georgia 97

Withum

FEBRUARY 1, 2023

Set in New Orleans, Louisiana this year, there was plenty of fun (Phillies Astros World Series Game 1) and information to go around. Important Tax Considerations With 2022 coming to an end, there are several important tax topics and considerations a dealer should be aware of over the next few years.

accounting and finance 52

accounting and finance income tax Tax CPA 52

PYMNTS

JULY 19, 2018

And while sales tax holidays are always politically popular, and favored by consumers, there remain two large question marks around their usefulness, as showcased in two Federal Reserve studies: whether they actually encourage new spending, and whether they encourage spending among the right consumers. How Tax Holidays Work.

Sales 40

Sales Tax Massachusetts Louisiana 40

ThomsonReuters

MARCH 22, 2021

To illustrate the point that there are a lot of taxes to keep up with, even back in Colonial times. For payroll, in particular, there are a number of taxes. Then, there’s how to pay and file these taxes. The aim of this legislation would be to help avoid increases in unemployment tax rates for employers.

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payroll Tax Texas Arkansas 52

PYMNTS

JANUARY 8, 2018

The wait can be even longer for lower-income consumers who file for the earned income tax credit or the additional child credit. Consumers who file electronically wait, on average, three to four weeks to clear their refund.

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