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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

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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What exactly is indirect tax?

ThomsonReuters

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.

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What’s new in sales tax?

TaxConnex

Louisiana has increased its sales tax, making its combined rate among the highest in the U.S. The new rate is 5%, up from 4.45%, creating a combined state and local sales tax rate of some 12%. Kansas sales tax on some groceries has now dropped to zero. Up, up and down. The bill has advanced to the state senate.

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Sales Tax Highlights of October 2024 | TaxConnex

TaxConnex

Policymakers should explore sales tax base broadening to certain excluded goods and services (including newly arising digital products), particularly as an offset for other tax relief, the report says. Also, California has enacted S.B.

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