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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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Monday Morning Accounting News Brief: What Do Big 4 Firms Pay These Days?; EY Gets Sued | 4.8.24

Going Concern

said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month. Grappling With a Dwindling Shareholder Tax Base Foreign investors, retirement accounts, and other tax-exempt entities now dominate US stock ownership.

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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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Chief Tax Writers Working to Broaden Appeal of Tentative $70 Billion Package

CPA Practice

Senate Finance member Michael Bennet of Colorado, who with others pushed for action on the child tax credit and urged other Democrats to oppose reviving business benefits without it, praised the changes a deal would make, particularly increasing the amount available to poor families with more than one child. “My

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5 States with the Lowest Combined Business Taxes

CPA Practice

5 states with the lowest total tax burden for businesses While each state has its own tax structure, several states stand out for their favorable business tax environment. Here are five states renowned for their low taxes for businesses: 1. Florida also provides tax breaks and incentives for startups.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

Biden’s corporate tax policy agenda calls for increasing the corporate income tax rate from 21% to 28%, changing the way GILTI is calculated, creating onshoring incentives, and more. Colorado lowered its income tax rate, Arizona passed a high-income surcharge, and Illinois rejected a progressive income tax proposal.

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Save Thousands on Taxes With an S-Corp Election

SingleTrackAccounting

6- Changes to Tax Filing. 3- Separate corporate tax returns. You may be wondering if it’s too late to take advantage of the tax savings in this fiscal year. Living in the resort town of Steamboat Springs, Colorado [.]. Steps to s-corp conversion . 1- Ensure eligibility. 2- Financial & Service Ramifications.

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