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

TaxConnex

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.

Sales 192
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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? However, the income tax exemption was struck.

Hawaii 116
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Property tax 101

ThomsonReuters

property taxes, which help fund roads, schools, emergency medical services, and other services, are a vital source of revenue for state and local governments. Property tax rates vary greatly among states and localities and can have a major impact  on business investments and where people decide to live.

Tax 52
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Last Week in Payroll: Federal Employment Taxes

ThomsonReuters

Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. Constitution in 1913 that permanently legalized a federal income tax. Next, in 1939, the Federal Unemployment Tax Act (FUTA) was passed, which resulted in an employer tax (typically, 0.6%

payroll 59
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All About the SSBCI for Skagit County Business Owners

SkagitCountyTaxServices

We’re here to help you steer your business into good financial standing and profitability… and keep you tax compliant. Earlier this year, Hawaii, Kansas, Maryland, Michigan, and West Virginia got almost six hundred and forty million combined. Ready for some help? I’m right here: app.acuityscheduling.com/schedule.php?owner=19530343.

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ESG Payroll Spotlight: Just Transition for the Workforce Toward a Net-Zero World

ThomsonReuters

The Act established an Energy Transition Economic Development Assistance Fund that helps employers to qualify for tax relief for hiring displaced workers. Climate resilient sectors include transportation, energy, industry, commercial and residential buildings, and agriculture. The state has a? proposed bill ?would West Virginia.

payroll 95
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Last Week in Payroll: Choose to Challenge

ThomsonReuters

The Senate version continues to include the extension of the paid sick and family leave and employee retention tax credit extensions. Citizenship and Immigration Services (USCIS) announced that it has reached the Congressionally-mandated cap on H-2B visas for temporary non-agricultural workers for the second half of the 2021 fiscal year.

payroll 52