TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries. Food for thought.

Sales 192

Sales Tax Colorado Massachusetts 192

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.

Hawaii 116

Hawaii Tax income tax Agriculture 116

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.

payroll 59

payroll Tax income tax payroll tax 59

ThomsonReuters

FEBRUARY 15, 2023

These states are: Delaware Hawaii Illinois Iowa New York Ohio Pennsylvania Another five states exempt most TPP from taxation except for select industries that are centrally assessed, such as oil and natural gas refineries or public. Transfer taxes and similar taxes and charges on the sale of a personal home.

Tax 52

Tax Real Estate Kansas South Dakota 52

CPA Practice

JANUARY 23, 2023

By Marsha Mercer, Stateline.org (TNS) As inflation soared in the past year, families in some states suffered a double whammy—paying food sales taxes on top of higher-priced groceries. Tennessee, which dropped its grocery sales tax from 5% to 4% in 2017, lifted the tax for a month last August. In 2021, about 13.5

Idaho 111

Idaho South Dakota Tax Kansas 111