CPA Practice

MARCH 7, 2024

Alaska has the most polite small business owners in the country, according tot he report commissioned by FreshBooks, followed by Maine and Missouri. And although the winters can be cold, residents of the “Land of 10,000 Lakes,” are often called “Minnesota Nice.” But another state has come in first in the 2023 Politeness Index of U.S.

Alaska 111

Alaska Missouri Minnesota Maine 111

TaxConnex

MAY 19, 2022

Among states without a state-wide sales tax, Alaska is unique in that several of its communities are banding together to establish economic nexus rules, effectively creating a partial state sales tax. A glance at the details of local taxes can be intimidating if you care at all about your sales tax compliance. Local ‘nightmares’?

Alaska 189

Alaska Louisiana Colorado West Virginia 189

TaxConnex

JANUARY 17, 2023

Deliveries into the five states that don’t have sales tax –Alaska, Delaware, Montana, New Hampshire and Oregon – incur no state-mandated sales tax on the item or on shipping. In New Jersey and Ohio, if you fail to allocate portions of taxable versus exempt, the shipping on your whole shipment becomes taxable. Tax-free states.

Rhode Island 130

Rhode Island West Virginia Alaska North Dakota 130

CPA Practice

FEBRUARY 8, 2024

Alaska │7 a.m. Alaska │8 a.m. Alaska │9 a.m. Alaska │10 a.m. Alaska │10 a.m. Mountain & Arizona│9 a.m. Pacific│8 a.m. Hawaii-Aleutian. Tuesday, Feb. 13, at 1 p.m. Eastern │12 p.m. Central │11 a.m. Mountain & Arizona│10 a.m. Pacific│9 a.m. Hawaii-Aleutian. Wednesday, Feb. 14, at 2 p.m. Eastern │1 p.m.

Alaska 124

Alaska Hawaii Arizona tax 124

TaxConnex

OCTOBER 12, 2021

When it relates to sales tax, the NOMAD states refer to the five American states without a statewide sales tax: New Hampshire, Oregon, Montana, Alaska, and Delaware. Alaska: Soon the acronym might be “NOMD”: Alaska seems to be inching toward a statewide sales tax. Alaska Gov. But what does it mean? That’s not all.

Montana 170

Montana Sales Alaska Delaware 170

TaxConnex

MAY 23, 2023

Of course, there’s no statewide sales tax in the NOMAD states of New Hampshire, Oregon, Montana, Alaska and Delaware, so at least they’re simple to figure out no matter what you sell. Clothes are also included in many states’ sales tax holidays , just to keep you guessing. In the clear?

South Carolina 130

South Carolina South Dakota Montana Sales 130

Accounting Today

SEPTEMBER 29, 2022

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Alaska 98

Alaska tax 98

TaxConnex

OCTOBER 7, 2021

Alaska has long heard rumblings of a statewide sales tax. Now Alaska has a bill that would adopt a 2% state sales and use tax and enter the Streamlined Sales and Use Tax Agreement. Collection of the taxes would be centralized to the Alaska Department of Revenue, with proceeds remitted back to municipalities. Developing updates.

West Virginia 179

West Virginia Sales tax Alaska 179

TaxConnex

JANUARY 18, 2024

Some of the NOMAD states with no statewide sales tax need watching – especially Alaska , which is inching toward a statewide sales tax while an increasing number of its communities band together to enforce economic nexus. (Of Of Alaska’s 162 municipal governments, approximately 110 already levy some variety of sales tax.)

South Dakota 202

South Dakota Louisiana Colorado Alaska 202

TaxConnex

FEBRUARY 9, 2021

Alaska, Delaware, Montana, New Hampshire and Oregon do not. In Alaska , t here’s also no statewide sales tax but a growing number of municipalities are banding together to require that online companies collect and remit local sales tax es. Maybe, and maybe not. Forty-five states and the District of Columbia have a statewide sales tax.

Sales 142

Sales Montana Delaware Alaska 142

TaxConnex

DECEMBER 5, 2023

Ongoing discussions in Alaska to start a state-wide sales tax have pointed to taxing gym memberships as a service , not as goods. In South Carolina, membership fees to for-profit gyms can be exempt if the gym has aerobics/calisthenics, weightlifting or exercise, running tracks, racquetball and swimming pools.

South Carolina 204

South Carolina Sales tax West Virginia 204

CPA Practice

APRIL 5, 2024

Alaska $1,632,895 $400,742 24.5% The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

TaxConnex

JUNE 6, 2023

States where you don’t have to worry about collecting sales tax are NOMAD : New Hampshire, Oregon, Montana, Alaska and Delaware (but Alaska has several local jurisdictions that are banding together to charge sales tax; the state itself may soon institute its own). Know your nexus status Many U.S.

Sales 130

Sales tax South Dakota Alaska 130

TaxConnex

SEPTEMBER 14, 2021

Alaska Gov. Mike Dunleavy said he’d support the first statewide sales tax if it’s approved by Juneau lawmakers as part of a plan to pay larger Alaska Permanent Funds dividends to residents. He is also no longer demanding that such a tax be first approved by voters, reports said.

Sales 172

Sales Alabama tax Alaska 172

Withum

SEPTEMBER 23, 2021

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Alaska 52

Alaska tax 52

TaxConnex

JUNE 20, 2023

Thresholds were established, filing forms and deadlines fixed and one by one states waited for the money to roll in (with Florida and Missouri among the latest of the 45, with Alaska perhaps soon to join them). And the money did roll in for a while, especially during the pandemic when eCommerce exploded.

South Dakota 185

South Dakota North Dakota Wisconsin Iowa 185

TaxConnex

AUGUST 31, 2023

Since, every state with a statewide sales tax (and countless localities, especially in places like California and Alaska ) has enacted economic nexus laws, meaning e-commerce vendors of products and, increasingly, services must collect and remit sales tax and file sales tax returns with individual states.

Sales 228

Sales E-commerce tax Alaska 228

TaxConnex

AUGUST 29, 2023

Since, every state with a statewide sales tax (and countless localities, especially in places like California and Alaska ) has enacted economic nexus laws, meaning e-commerce vendors of products and, increasingly, services must collect and remit sales tax and file sales tax returns with individual states.

Sales 130

Sales E-commerce tax Manufacturing 130

TaxConnex

DECEMBER 1, 2022

The five best are New Hampshire, Delaware, Montana, Oregon and Alaska – none of which have a state level sales tax. Alaska voters in Nome have repealed that city’s summer seasonal sales tax. State updates.

Sales 130

Sales tax Alaska Louisiana 130

TaxConnex

JUNE 21, 2022

Among states without a sales tax, Alaska municipalities were banding together to administer local sales taxes on remote commerce. Alaska seems likely to continue to combine communities’ individual efforts to enforce economic nexus, though the state itself (so far) has no sales tax. Wayfair tax obligations here to stay.

South Dakota 184

South Dakota E-commerce Alaska Missouri 184

MyIRSRelief

MAY 24, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

North Carolina 147

North Carolina Oklahoma Ohio tax 147

TaxConnex

OCTOBER 31, 2023

Even a “NOMAD” state like Alaska continues its ever-evolving march toward a statewide sales tax. Extra fees for retail delivery – they amount to an extra sales tax, say merchants – are already in Colorado and might soon crop up in other states.

Sales 147

Sales tax Alaska Colorado 147

CPA Practice

FEBRUARY 11, 2023

Alaska is in this group as well, but please see below for more nuanced information. Alaska [1] California Colorado Connecticut Delaware Florida Hawaii Idaho Illinois [2] Indiana Maine New Jersey New Mexico New York2 Oregon Pennsylvania Rhode Island For a list of the specific payments to which this applies, please see this chart.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

TaxConnex

SEPTEMBER 26, 2023

Examples of states with home rule are Alabama, Louisiana, Illinois, Colorado and Alaska. This applies in states where local jurisdictions have the authority to establish their own sales tax rules. Yet again, this can vary.

Sales 201

Sales tax South Dakota Colorado 201

MyIRSRelief

MAY 24, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

North Carolina 130

North Carolina Oklahoma Ohio tax 130

CPA Practice

OCTOBER 18, 2023

Alaska: Fostering small business development Alaska is known for its support of small businesses. The state of Alaska offers various tax incentives and credits specifically designed for startups and small enterprises. In total, 39 states allow local governments to impose sales taxes, some of which can be quite substantial.

business tax 59

business tax tax Alaska South Dakota 59

TaxConnex

JANUARY 7, 2021

Some states like Alaska don’t have a general sales tax at all, but in that state localities are banding together to impose sales tax on products sold over the internet. Nebraska taxes sales of “content cards” or “digital release cards” that allow purchasers to download specific digital goods if the product is taxable in other circumstances.

North Carolina 239

North Carolina Technology Nebraska Alaska 239

TaxConnex

FEBRUARY 23, 2023

In Alaska , which has no statewide sales tax, local communities are banding together to charge sales tax. The average tax rate among states that levy a retail sales tax has nearly doubled since 1970. Lawmakers in many states are quick to cut sales tax on certain items such as food and diapers and trumpet the benefit to constituents.

West Virginia 130

West Virginia Sales Rhode Island tax 130

TaxConnex

AUGUST 30, 2022

In some states, such as Colorado and even Alaska , home rule statutes might also apply.). For example, Alabama and Arizona consider digital apps TPP, and so clearly taxable. Most states and the District of Columbia tax sales of digital products, usually including apps. (In Apps are specifically mentioned in the sales tax regs of D.C.,

Sales 188

Sales tax Wisconsin Massachusetts 188

CPA Practice

JULY 12, 2023

In Alaska, New Jersey, and Pennsylvania, both employers and employees contribute to the fund, with the employee’s portion of SUI deducted from their paychecks. In Kentucky, employers are required to withhold an Occupational Tax from employees’ wages. In all but three states, only employers contribute to SUI.

income tax 98

income tax tax South Dakota Alaska 98

CPA Practice

FEBRUARY 9, 2024

Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah. Now, the District of Columbia and most states allow some form of online sports betting, while another nine states only allow retail sports betting.

Gambling 122

Gambling tax Sports South Carolina 122

Going Concern

SEPTEMBER 27, 2023

Run, don’t walk to NASBA’s site now. pic.twitter.com/Zn8LrdEVxr — Jack Castonguay, PhD, CPA (@profjackc) September 25, 2023 If you are sitting for the exam in Arizona or Texas, sorry but your window to apply for BEC as a first-time taker is already closed.

cpa 112

cpa Rhode Island South Dakota West Virginia 112

TaxConnex

FEBRUARY 16, 2023

Companies struggle to keep up with the ever-changing tax rules across state, county and city jurisdictions including states like Alaska, Illinois, Colorado and others with locally administered taxes. Again, most companies (57%) use internal resources to calculate the amount of sales tax to add to their invoices.

Sales 130

Sales tax Alaska Missouri 130

Anders CPA

MAY 23, 2023

Take note that nine states do not have a state income tax, so it is unnecessary to withhold funds in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. As an employer, you are already required to withhold state income tax from employee wages, even for nonresident workers.

payroll tax 98

payroll tax payroll Rhode Island tax 98

TaxConnex

OCTOBER 18, 2022

But in Alaska – which has no state-wide sales tax – trying to exempt groceries from sales tax has hit a roadblock in that municipalities want and need the revenue. Relieving the burden of sales tax on groceries, for instance, has become a political tool during inflation. Other states only offer a discounted sales tax on groceries.

Rhode Island 130

Rhode Island Sales tax South Carolina 130

CPA Practice

OCTOBER 2, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file. They have until Oct. 31, 2023, to file. Those affected by flooding in Vermont.

South Carolina 124

South Carolina tax income tax Georgia 124

TaxConnex

SEPTEMBER 28, 2022

More than 10,000 nationwide, and still counting – even in Alaska , which has no state-wide sales tax, jurisdictions are banding together to make online businesses collect and remit local sales tax.). How is technology being taxed? How are smaller companies supposed to keep up? How many tax jurisdictions are there, anyway?

South Dakota 202

South Dakota Alaska tax Sales 202