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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

Typically, states also have a special SUI rate for construction companies. In Alaska, New Jersey, and Pennsylvania, both employers and employees contribute to the fund, with the employee’s portion of SUI deducted from their paychecks. In Kentucky, employers are required to withhold an Occupational Tax from employees’ wages.

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IRS Issues Form 8915-F for Reporting Qualified Disaster Distributions and Repayments, Provides 2021 Forms for Earlier Disasters

ThomsonReuters

Part IV determines the tax consequences of distributions taken for the purchase or construction of a main home that was not purchased or constructed due to the disaster, adjusted for repayments. The IRS may have intended to refer to the late-2020 Alaska (4585-DR-AK) disaster discussed later in the instructions.)

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

TaxConnex

Early discussions bandied property taxes and temporary hikes in sales tax (Alaska doesn’t have a state-wide one). Then the $6.2 million shortfall landed. Assembly members agreed to replace at least half of that – with what?

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Five At Five: Google’s P2P Move; Whole Foods Does Robotic Farming

PYMNTS

First-Class Perks Include VR Tech o n Alaska Air. The program makes Alaska Air the first airline in North America to trial the technology as an in-flight entertainment device. The first phase of construction will bring grow centers that can make products such as kale, culinary herbs and microgreens.

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What is sales tax?

ThomsonReuters

In fact, there are five states — Delaware, Montana, New Hampshire, Alaska, and Oregon — that do not levy a general state sales tax. Sales tax varies by state As noted earlier, sales tax can be an important source of revenue for governments at the state and local levels.

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What’s new in sales tax?

TaxConnex

The five states with the lowest average combined rates are (the still technically NOMAD state of) Alaska (1.82%) as well as Hawaii (4.5%), Wyoming (5.44%), Maine (5.5%) and Wisconsin (5.7%). BOI oh boy. The much talked-about new Beneficial Ownership Information (BOI) requirement for millions of small companies under the U.S.

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Restaurant Revitalization Fund – Details

KROST

Construction of outdoor seating. Individuals who are members of the following groups are presumed to be socially disadvantaged: Black Americans; Hispanic Americans; Native Americans (including Alaska Natives and Native Hawaiians); Asian Pacific Americans; or Subcontinent Asian Americans.