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What's new in May for state sales and use taxes

TaxConnex

Among other findings: Sales tax bases range from 19.32% of personal income in Massachusetts to 93.89% in Hawaii; the Massachusetts base is extremely narrow, while the Hawaii base features significant tax pyramiding. Sales taxes have become less neutral, less equitable, and less economically efficient over time,” the Foundation said.

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Intuit QuickBooks Unveils Latest Data for the Intuit QuickBooks Small Business Index

SchoolofBookkeeping

The Far West (Alaska, California, Hawaii, Nevada, Oregon, Washington) had the largest decrease in small business employment, with a drop of -0.65% to 2,159,300 jobs. The Plains (Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota) had the smallest decrease, with employment down by -0.14% to 873,800 jobs.

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Hawaii to Offer Tax Amnesty to Switch Short Term Rentals to Long Term

CPA Practice

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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Travel Industry Makes Early Attempts To Get On The Road (And In The Air) Again

PYMNTS

The coronavirus has certainly slammed Hawaii’s tourism industry. However, Hawaii has since extended its two-week quarantine through July 31. Conde Nast said that when the state put a quarantine in place in March, arrivals dropped nearly overnight from 30,000 a day to fewer than 500. It reminds me of the ’70s.”.

Hawaii 75
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COVID-19 Sees More Online Grocers Accept EBT SNAP Payments For Food

PYMNTS

Department of Agriculture) doesn’t cover the purchase of things such as paper products, toiletries or alcohol, customers will have the ability to choose from EBT SNAP-qualified items and also decide the amount of EBT benefits they want to apply toward items in their cart. But because the EBT program (funded by the U.S.

Montana 78
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All About the SSBCI for Skagit County Business Owners

SkagitCountyTaxServices

Earlier this year, Hawaii, Kansas, Maryland, Michigan, and West Virginia got almost six hundred and forty million combined. Maine will use part of its funds on sectors important to the state itself, such as forestry and agriculture, sustainable use of ocean resources, and tourism.

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Last Week in Payroll: Federal Employment Taxes

ThomsonReuters

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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