TaxConnex

NOVEMBER 17, 2022

But retailers looking forward to perhaps record online sales have to remember how to comply with widely divergent sales tax regulations. With this continued expansion of online sales, keep an eye on a few details related to your sale tax compliance: Nexus. This is the connection between your online business and a tax jurisdiction.

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Sales Tax Maryland Colorado 130

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is indirect tax? Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax.

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Tax income tax Manufacturing corporation tax 52

Shay CPA

JUNE 7, 2023

As we reviewed in a recent blog, having an employee in another state establishes a tax nexus for your company there. Dissolving your business in that state means you don’t have ongoing tax liability or entity fees in that locale. Things may have changed since the writing of this blog.

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ThomsonReuters

FEBRUARY 9, 2022

Typically, when an employer needs to terminate an employment relationship with workers, the employer’s unemployment tax rate for the following year may increase. If a state does not repay these loans within around two years, the Federal Unemployment Tax Act (FUTA) tax credit for employers in those states is reduced.

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payroll California Connecticut Tax 98

ThomsonReuters

FEBRUARY 10, 2022

Department of Labor explains that unemployment insurance is a federal-state program financed through federal and state employer payroll taxes. Federal Unemployment Tax Act (FUTA) taxes are paid and reported by employers. Generally, most employers receive a FUTA credit and only pay a net tax rate of 0.6%

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TaxConnex

JANUARY 24, 2023

Shipping is indispensable to eCommerce yet sales tax on it remains a mishmash of regulations across the states. In our previous blog, we looked at how exemptions, the taxability of the item being shipped and selling into tax-free states affect sales tax on shipping.

Sales 26

Sales Tax South Carolina Massachusetts 26

ThomsonReuters

JANUARY 30, 2023

Table of contents: Minimum wage Paid leave Tax credits Unemployment Earned wage access Pay transparency Tipped workers Worker classification State-run retirement plans Work scheduling 1. Colorado began collecting premiums for its PFMLI program, beginning January 1, 2023, with benefits being paid out beginning in 2024. New Hampshire.

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