ThomsonReuters

JULY 10, 2023

Sales tax vs. use tax Summary Calculating, collecting, and reporting sales tax and use tax can get complicated as a business grows, and it can be easy to confuse these two types of indirect taxes. Sales tax and use tax are both a form of indirect tax, meaning they are a tax that can be shifted to others. What is use tax?

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Sales Tax Arizona Georgia 97

ThomsonReuters

JULY 10, 2023

Sales tax vs. use tax Summary Sales tax and use tax are important sources of revenue for the government but properly calculating, collecting, and reporting these taxes can quickly get complicated. People are probably most familiar with sales tax but an important indirect tax that is not to be overlooked is use tax. What is nexus?

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Tax Massachusetts Washington South Dakota 98

ThomsonReuters

MARCH 1, 2024

S corp can lower their tax burden in a number of different ways, some of which are relatively easy, and some of which may require the help of a qualified tax professional. PTET rules are different in each state, however, and not all states have them, so consultation with a tax professional is advisable. How are S corporations taxed?

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corporation tax Tax tax return income tax 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. You’ve likely heard these terms but understanding what they are and how they differ is important in helping companies better understand the costs they may face and how much they may owe going forward. But it doesn’t end there.

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