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2024 State-by-State List of Sales Tax Holidays

CPA Practice

Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday?

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Staying on top of GST due dates in 2024

Xero

It can be tricky to keep tabs on the taxes and deductions you owe throughout the year as a small business. If your business is registered for GST, you’ll have a number of deadlines to meet during the new year to file and pay GST. New Zealand’s Inland Revenue sets a GST due date for each month.

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A (not so) mini budget…?

Inform Accounting

The Government has set an ambitious target to achieve a trend rate of growth of 2.5%, achieved by tax incentives to encourage investment in the UK. The Government has set an ambitious target to achieve a trend rate of growth of 2.5%, achieved by tax incentives to encourage investment in the UK. Cost of Energy.

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How does the US’s new Superfund Excise tax impact European businesses?

ThomsonReuters

Unbeknown to many companies outside of the United States, the US has reinstated a long-dormant environmental tax known as the Superfund Excise Tax , which impacts certain companies in the EU and UK — especially those involved in the chemical, gas, and petroleum industries. What chemicals and substances are included? .

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Intrastat Guide: Reporting, Numbers, Thresholds

Accounting Insight

From reports and returns to thresholds and specific codes, knowing what applies to your business and how to comply is important. Intrastat is an obligation created in 1993 that applies to certain businesses that trade internationally in the European Union. As a result, it can be confusing when trading cross-border in the region.

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Accounting Tips for Start up Freelancers

Cheap Accounting

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. What taxes will I pay? Tax is paid on profits (income less allowable costs) from your business. Income tax is explained at [link]. It can all seem daunting and overwhelming at first.

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Tax Authorities Set an Aggressive Schedule for Global Minimum Tax

ThomsonReuters

In 2022, tax authorities around the world hope to finalize the myriad details that will shape a Global Minimum Tax on multinational corporations — if they can reach consensus and make it happen. Reuters noted that this is “an extremely tight timeframe given that previous international tax deals took years to implement.”.

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