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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

Typically, states also have a special SUI rate for construction companies. They need EINs to set up an account with the unemployment office to file and remit SUI taxes. Each state determines the wage base, or threshold, for when SUI kicks in, and each state also offers a lower rate for new employers. What is SIT Tax?

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Nexus FAQs

Withum

Supreme Court interpreted sales tax nexus under the Commerce Clause as a minimal physical connection with a state; however, in South Dakota v. What is nexus? Prior to June 2018, the U.S. Wayfair, 138 S. Our team is staffed with dedicated professionals with many years of state and local tax experience.

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What is sales tax?

ThomsonReuters

Examples of items and goods that are commonly subject to sales tax include, but are not limited to: Furniture Restaurant food and drink Cosmetics and toiletries Computers Giftware Toys Antiques Clothing Construction services Metered parking Hair cuts Dry cleaning How do you calculate sales tax? The   South Dakota v.

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What Every Advisor Should Know About the Cannabis Industry

Anders CPA

In this podcast episode from the Summit Virtual CFO by Anders Modern CPA Success Show , Tom Wadelton is joined by colleagues, Christy Buchanan and Guillermo Rodriguez , as they discuss the cannabis industry as a niche for accounting firms. Join us as we change the way people think about accounting. And so that is the main challenge.

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

As has been well-reported in this space, the regulatory landscape is changing for companies in the wake of the 2018 Supreme Court decision captioned South Dakota v. Maryland, said Peterson, has constructed a database that lists all the items that are taxable in the state.

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State Attorneys General Seek Clarification on ARPA Provision

ThomsonReuters

The letter, citing South Dakota v. The post State Attorneys General Seek Clarification on ARPA Provision appeared first on Tax & Accounting Blog Posts by Thomson Reuters. It is this limitation which has raised concerns of constitutionality and state sovereignty and has caused the Attorneys General to request clarification.