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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). Voters will likely be asked this fall if they’re willing to increase the city’s 5% sales tax to 6% during the summer in exchange for exempting food from sales tax year-round. Then the $6.2 25 this year.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Likewise, employers pay State Unemployment Tax Act (SUTA) taxes to fund state unemployment benefits. Quarterly Taxes (Estimated Taxes) Most sole proprietorships, partnerships, and S corps owners pay estimated taxes to the government on a quarterly basis. Here are the due dates for 2022 and 2023.