TaxConnex

OCTOBER 7, 2021

Tennessee has become yet another state to beat expected tax revenues. 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. State revenue updates. August revenues were $1.4

West Virginia 179

West Virginia Sales Tax Alaska 179

TaxConnex

APRIL 6, 2021

All transactions that are exempt from sales tax are also exempt from use tax. Additional situations are exempt from use tax. Revenues from online sales taxes boosted monthly growth rate with approximately $44.5 Online sales tax revenues have accounted for about 66.4 percent of all sales tax growth to the state.

West Virginia 130

West Virginia Sales Nebraska Alaska 130

TaxConnex

AUGUST 15, 2023

The Tax Foundation released its “State and Local Sales Tax Rates, Midyear 2023” report of the 45 states (and the District of Columbia) that collect statewide sales taxes and the 38 states where local sales taxes are collected. Among highlights: In some cases, local sales taxes exceed state rates. Income we trust.

Sales 130

Sales Tax Alabama Texas 130

TaxConnex

DECEMBER 1, 2022

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.

Sales 130

Sales Tax Alaska Louisiana 130

CPA Practice

JANUARY 23, 2023

At least five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to reduce, eliminate or ease the pinch—Kansas, Virginia, Illinois, Tennessee and Idaho. They’re needed as part of the revenue system, or because [elected officials] would rather cut other taxes,” such as the income tax, Auxier said.

Idaho 111

Idaho South Dakota Tax Kansas 111

ThomsonReuters

FEBRUARY 6, 2024

Here are the main differences between direct and indirect taxes: Direct taxes Levied on people and entities Are typically proportionate to the taxpayer’s income or assets Considered a progressive tax. View corporate tax solutions Onesource resource center What is indirect tax?

Tax 52

Tax income tax Oregon Ohio 52

xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

business tax 52

business tax Tax income tax payroll tax 52