CPA Practice

OCTOBER 18, 2023

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.

business tax 59

business tax Tax Alaska South Dakota 59

TaxConnex

JUNE 17, 2021

Local sales tax rates apply as well. Additionally, local jurisdictions can levy an additional “business tax” or excise tax of up to 15%. Medical marijuana is sales tax exempt but the statewide excise tax and the local business tax/excise tax applies as well.

Legal 144

Legal Illinois Nevada Oregon 144

ThomsonReuters

JANUARY 30, 2023

Some states are looking to change only certain elements of their minimum wage laws: Connecticut. Connecticut already requires certain employers to provide paid sick leave. Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees.

payroll 105

payroll Hawaii West Virginia Oklahoma 105

CPA Practice

AUGUST 21, 2023

They’re bucking the federal laws and decoupling from federal tax code Section 280E, meaning that legal marijuana firms located in these states can deduct expenses for state tax purposes, even if they can’t do so on their federal income tax returns. Look for more states to follow suit. _

income tax 98

income tax Tax tax return Minnesota 98

inDinero Tax Tips

DECEMBER 13, 2022

The R&D tax credit has stringent eligibility and application requirements that can prove difficult for your organization to navigate. In most cases, working with seasoned business tax specialists is the best way to find out if and how your business can benefit.

Tax 75

Tax payroll tax income tax tax return 75

CPA Practice

FEBRUARY 6, 2024

Maine and Massachusetts both enacted income tax nexus standards with $500,000 sales thresholds after Wayfair was decided. Most recently, New Jersey enacted a bright-line economic nexus standard for purposes of the Corporation Business Tax (CBT) for taxable years ending on and after July 31, 2023.

South Dakota 124

South Dakota Tax Maryland income tax 124

CPA Practice

JULY 28, 2023

The ripple effects of the DAGRT case have also left states unclear on how to create, implement and manage their own digital advertising tax efforts. Currently, states with some form of digital advertising taxes include Connecticut, Massachusetts, New York and Texas.

Maryland 52

Maryland Tax Virginia West Virginia 52