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Why a Wealth Tax Would Be Horrible for American Taxpayers

CPA Practice

Massachusetts introduced a state-level wealth tax last year, and the legislatures in California , Connecticut , Hawaii , Illinois , Maryland , New York , Oregon and Washington have all seen wealth tax bills introduced this year. Wealthy in rural Oklahoma might be just getting by in Miami. Who decides who’s wealthy and who isn’t?

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ARPA Close-up: COBRA Premium Subsidy

ThomsonReuters

The federal government will be funding continuing coverage with employers claiming the reimbursement as a payroll tax credit, much like under ARRA, through Form 941. The length of state mini-COBRA eligibility varies from as little as 63 days in Oklahoma or up to 36 months in New York. in February. in South Dakota to a high of 9.2%

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Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years

ThomsonReuters

In his 2022 State of the Union Address on March 1, 2022, Biden again called for the federal government to act on increasing the minimum wage rate to $15.00 Recently, Hawaii lawmakers elected to raise their state’s minimum wage to $18 by 2028. Using ARPA funds for workforce programs.

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How Small Retailers Can Handle Sales Tax on Shipping: State-by-State Guide

CPA Practice

Hawaii : Hawaii’s general excise tax (GET) is a privilege tax imposed on business activity in Hawaii. Oklahoma : Separately stated shipping and handling charges are exempt in Oklahoma, whether the contents of the package are taxable or exempt. Should you charge sales tax on items shipped out of state?

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Employer Vaccine Mandates, Worker Refusals, and Unemployment Benefits

ThomsonReuters

The question arises whether a worker who refuses an employer’s vaccine mandate is eligible to collect unemployment benefits, and if so, are employer unemployment accounts impacted by those claims. Meanwhile, employers across the nation, who are not prohibited by a state law, may impose their own vaccination policy. California.