CPA Practice

MARCH 4, 2024

While it’s unclear if Biden will mention it in the speech, Republicans have been on the defensive over a recent Alabama Supreme Court ruling that frozen human embryos can be considered people under state law. Republicans, who abhor any tax increase, narrowly control the House and Democrats have a slender hold over the Senate.

Tax 119

Tax Alabama corporation tax Government 119

TaxConnex

AUGUST 15, 2023

The five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). California has the highest statewide sales tax rate, at 7.25%. The lowest non-zero state-level sales tax is in Colorado, which has a rate of 2.9%.

Sales 130

Sales Tax Alabama Texas 130

Going Concern

JANUARY 2, 2023

In “Meet the accountants who may become the new power brokers of taxes,” NYT profiles the benevolent overlords of GAAP who, thanks to the Inflation Reduction Act, could wield massive power as they tackle a tweak of corporate taxes. What’s more, Mr. Jones does not appear to be fan of the minimum corporate tax.

accounting standards 88

accounting standards corporation tax accounting and finance Alabama 88

TaxConnex

DECEMBER 1, 2022

The Tax Foundation released its State Business Tax Climate Index “designed to show how well states structure their tax systems” – including that of sales tax. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee.

Sales 130

Sales Tax Alaska Louisiana 130

ThomsonReuters

FEBRUARY 6, 2024

for example, does not have a federal sales tax, but taxes may be applied at the state and regional levels. States with the highest average local sales tax rates include Alabama, Louisiana, Colorado, New York, and Oklahoma.

Tax 52

Tax income tax Manufacturing corporation tax 52

Cherry Bekaert

OCTOBER 9, 2023

Tax Advantages – REITs do not have to pay a corporate tax, so there is a higher available payout for investors. Pass-Through Deduction – 2017 tax reforms allow REIT investors to deduct up to 20% of combined qualified income, including qualified REIT dividends from income tax.

Real Estate 110

Real Estate Non-Profits income tax Mississippi 110

CPA Practice

JANUARY 23, 2023

Almost all states have seen their budget surpluses grow in the past two years, thanks to federal COVID-19 relief funds and increasing corporate tax revenues as the economy recovers from the pandemic. 3 he would be open to a cut in the state’s 7% grocery tax. Efforts failed in several other states.

Idaho 111

Idaho South Dakota Tax Kansas 111