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Monthly State Sales and Use Tax Update

TaxConnex

The growth rate for all Tennessee taxes in August was 22.11 Sales tax revenues and state corporate tax receipts (franchise and excise taxes) both posted substantial growth. In Georgia , tax collections were up 12.7% The gross sales tax take finished 15.9% The gross sales tax take finished 15.9%

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Why Focus on Tax Services in the Inland Empire, California? Tailored tax services in this region help businesses and individuals navigate complex tax landscapes effectively. Avenues for assistance and resolution available to taxpayers in the Inland Empire region of California. Victoria Gardens: Shopaholics rejoice!

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What was new in October for state sales and use taxes

TaxConnex

The Tax Foundation released its State Business Tax Climate Index “designed to show how well states structure their tax systems” – including that of sales tax. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee. State updates. Effective Jan.

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Specialized tax and accounting firms cater to the specific needs of these individual cities, understanding the local tax landscape and the challenges faced by businesses in that region.

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5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season

CTP

The lowest level of credentials is a licensed tax preparer. For example, in California, this means a California Tax Education Council CTEC registered tax preparer (CRTP). CTEC certified preparers take a course in tax preparation, and go through an application process with the state.

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Indirect tax professionals foresee challenges in digitized tax filing and real-time remittance, survey finds

ThomsonReuters

Indirect tax specialists in North America and Europe expect to see more digitized tax filing and real-time remittance requirements in the next two years — and they lack the technology and operational processes to meet these demands. That’s a key finding from the 2021 State of the Corporate Tax Department report from Thomson Reuters.

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What’s new in sales tax?

TaxConnex

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%. The lowest non-zero state-level sales tax is in Colorado, which has a rate of 2.9%.

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