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5 States with the Lowest Combined Business Taxes

CPA Practice

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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Maryland Digital Ad Tax Case Leaves States in Limbo, But Digital Taxes Aren’t Going Away

CPA Practice

The digital economy has caused an incredible shift in how jurisdictions create, administer, remit and audit indirect taxes. Over the last decade, businesses, governments, regulators and policy makers have all been trying to make sense of this new retail landscape. By Michael Bernard and George Salis.

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What is state tax apportionment and how do you calculate it?

ThomsonReuters

If a company is in New York or Connecticut , for example, the state can tax 20% of the company’s profits if 20% of its sales are made in the state. To streamline your entire state tax apportionment process, consider a comprehensive tool such as the Thomson Reuters ONESOURCE State Apportionment module.