article thumbnail

5 States with the Lowest Combined Business Taxes

CPA Practice

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.

article thumbnail

Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

West Virginia. West Virginia. Vermont ( House Bill 66 ) Virginia ( House Bill 2035 ) West Virginia ( Senate Bill 197 ) – pilot program for Parental Paid leave States that already have PFMLI programs on the books are eyeing some changes. per hour to $15 per hour by 2025. per hour since 2016.

payroll 105
article thumbnail

Lodging Tax Insanity — So Many Ways to Tax Accommodations

CPA Practice

For example: Kansas requires marketplace facilitators to collect the tax due on rooms , lodgings, and sleeping accommodations booked through the platform, except “if such rooms, lodgings or sleeping accommodations are provided by a hotel.” It’s hard to get an exact count of taxing jurisdictions from states that don’t administer the taxes.

Tax 85