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.,

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Delaware Nevada Tax Sales 52

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. State and Local News. Noncharging of unemployment benefits related to COVID-19.

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LyfeAccounting

JULY 1, 2021

But in 1931, Capone was found guilty of 22 counts of federal income tax evasion and was convicted to 11 years in federal prison, in addition to $215,000 plus interest due on back taxes. You see, despite publicly displaying his wealth, Capone never filed a Federal tax return. A grave mistake. Found Property.

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CPA Practice

JANUARY 3, 2024

Taylor, Kiplinger Consumer News Service (TNS) As we venture into the new year, 2024 brings a wave of changes in state taxes across the country. From gas taxes to property tax amendments and income tax cuts, being aware of these changes is crucial since state and local taxes are among the highest taxes most people pay.

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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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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.

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Snyder

DECEMBER 6, 2022

While some states fell into a bucket of rolling conformity, meaning to adopt the most recent IRC as it became available, others – such as New Jersey, Mississippi, and Arkansas – decided to selectively pick and choose the provisions to adopt at the state level. What does it mean for you as an SMB owner?

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CPA Practice

APRIL 24, 2023

The LLC owners (called members) also report business profits and losses on their individual income taxes. For filing season 2022, the Treasury Department and the IRS updated the 1065 partnership form to simplify the computation of deductions and credits and how partners compute their federal income tax liability.

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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.

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CPA Practice

JULY 28, 2023

The ripple effects of the DAGRT case have also left states unclear on how to create, implement and manage their own digital advertising tax efforts. Currently, states with some form of digital advertising taxes include Connecticut, Massachusetts, New York and Texas.

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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.

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South Dakota Sales Tax Rhode Island 40

TaxConnex

APRIL 18, 2023

WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in each state.

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ThomsonReuters

FEBRUARY 22, 2021

House Bill 496 says to use July 1, 2019 as the computation date for the employer’s unemployment benefit ratio if using this date will result in a lower ratio and lower tax rate. Arkansas legislation amends the state’s minimum wage law regarding liability relief for motor carriers. Minimum wage law amended regarding motor carriers.

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CPA Practice

JANUARY 23, 2023

TNS) Seeming to come out of left field, President Joe Biden last week blasted Republicans for pushing legislation that would abolish federal income taxes and the IRS then replace those revenues with a 30% or so national sales tax. “It But rolling back taxes will be a prime topic as state legislatures convene around the country.

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income tax Tax Louisiana Georgia 116

CPA Practice

AUGUST 23, 2023

Former Arkansas Gov. Asa Hutchinson, former Arkansas governor Asa Hutchinson Social Security Hutchinson opposes changes to Social Security and Medicare such as raising the retirement age for all workers, noting that there are differences between white-collar workers and manual laborers. Tim Scott, former New Jersey Gov. Doug Burgum.

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