CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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business tax Tax Alaska South Dakota 59

ThomsonReuters

JANUARY 30, 2023

Some states are looking to change only certain elements of their minimum wage laws: Connecticut. Connecticut already requires certain employers to provide paid sick leave. Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees.

payroll 105

payroll Hawaii West Virginia Oklahoma 105

ThomsonReuters

JUNE 10, 2021

Connecticut Governor Ned Lamont has announced the Back to Work CT Program. The program provides an incentive for long-term unemployed people in Connecticut to return to the workforce. The program is administered by the Connecticut Department of Revenue Services (DRS) with the Connecticut Department of Labor (DOL).

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payroll Vermont Tax Connecticut 98

CPA Practice

APRIL 10, 2023

States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,

Tax 85

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ThomsonReuters

OCTOBER 6, 2021

It sounds straightforward, but this is a complex topic: States have various ways of calculating how much of your corporation’s business income is attributable to its presence and activity there. Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them.

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income tax Tax payroll Massachusetts 52