TaxConnex

JUNE 9, 2022

States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. Alabama has enacted that some agriculture products are exempt from sales and use tax if these sales are made by the producer, immediate family or an employee.

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CPA Practice

MAY 3, 2024

Hawaii has some of the highest median home prices and rents in the country — and a persistent housing crisis. Could tax incentives geared toward turning Hawaii short-term rentals (STRs) into long-term housing increase housing stock and decrease rents for Hawaiians? By Gail Cole. Governor Josh Green thinks so.

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ThomsonReuters

JULY 7, 2021

For example, Form 941 , Employer’s Quarterly Federal Tax Return, is used by most employers (agricultural employers use Form 943 , small employers use annual Form 944 and Form 945 for annually reporting nonpayroll payments) each quarter to report employment taxes. There are several IRS forms used to report these taxes.

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ThomsonReuters

FEBRUARY 15, 2023

Accountants who help clients effectively manage property taxes can further strengthen their role as a trusted advisor. And often, agricultural machinery and equipment will be granted lower assessment ratios or millage rates compared to other forms of TPP. There’s also the taxation of machinery and equipment.

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LyfeAccounting

JUNE 1, 2021

Nav recently announced Upcycle Hawaii as the latest winner of the quarterly grant and the next round of grant application are open right now. The Department of Agriculture offers grants to small rural businesses with fewer than 50 new employees and less than $1 million in gross revenue. Nav’s “Legitify Your Small Business” Grant.

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ThomsonReuters

APRIL 26, 2022

that is tasked with accounting all workers in the fossil fuel energy sector as well as the anticipated closure dates of fossil fuel plants, nuclear power plants, and coal mines, and the impacts of closures including layoff numbers, early retirements, and salary changes. The state also has an? Energy Transition Workforce Commission ?that

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ThomsonReuters

MARCH 8, 2021

Citizenship and Immigration Services (USCIS) announced that it has reached the Congressionally-mandated cap on H-2B visas for temporary non-agricultural workers for the second half of the 2021 fiscal year. The post Last Week in Payroll: Choose to Challenge appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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