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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

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

Out-of-State Employees Your business clients who hire employees in other states must register with that state’s tax department to contribute payroll and unemployment taxes. Your client will be assigned an employer tax account number for the state.

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

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There are also states that don’t have personal income taxes. If you are in one of the below states, you don’t have to file and pay state income taxes on earnings. Alaska Florida Nevada South Dakota Tennessee (on wages) Texas Washington (state) Wyoming Even though some states don’t have an income tax, they may have other taxes.

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Sales Tax Highlights of October 2024 | TaxConnex

TaxConnex

Alaska’s Remote Seller Sales Tax Commission confirms that the state will join the growing number of jurisdictions to repeal the transaction count requirement for determining economic nexus, effective next year. The Commission has amended the Alaska Remote Seller Uniform Code to ax the 200-transaction threshold, and after Jan.

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