business tax, Florida and income tax

Wayfair: Sales Tax and State Income Tax Implications

TaxConnex

MARCH 18, 2021

Wayfair created enormous changes for businesses making remote sales into the states related to sales tax. Could Wayfair have also impacted the way you manage your state income tax obligations? Sales Tax Perspective. Yet, “substantial nexus” has never been strictly defined for sales tax or state income taxes.

income tax

income tax South Dakota Tax Sales

5 States with the Lowest Combined Business Taxes

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

business tax Tax Alaska South Dakota

Sunshine Tax: Taxes for Small Business in Florida

xendoo

MAY 30, 2021

Florida is among the most tax-friendly states in America. If you have a small or midsize business in the state of Florida, you may be shielded from many typical forms of small business taxes. But how can you know which tax laws apply to your business? income tax. corporate tax.

Florida

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. What is income tax? How does income tax work? Who has to file income tax?

income tax

income tax tax return Tax E-commerce

Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

OCTOBER 2, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly.

South Carolina

South Carolina Tax Georgia income tax

Federal Government Extends Deadlines for Hurricane Ian Victims, States Extensions Are Unclear

Withum

OCTOBER 6, 2022

Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. The lack of state income tax extensions for victims of Hurricane Ian may require additional compliance procedures to avoid penalties. affected taxpayer)?

Government

Government income tax tax return Florida

Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

OCTOBER 16, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly.

South Carolina

South Carolina Georgia income tax Vermont

IRS Gives Tax Filing Delay to Hurricane Idalia Victims

CPA Practice

SEPTEMBER 1, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. Quarterly estimated income tax payments normally due on Sept.

Tax

Tax income tax tax return payroll

IRS Provides Idalia Tax Relief

Withum

SEPTEMBER 1, 2023

On August 30, 2023, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in parts of Florida that were affected by Hurricane Idalia. 46 of Florida’s 67 counties were mentioned in the News Release, but others have been added since then. 15, 2023, and Jan. 31, 2023, and Jan.

Tax

Tax tax return Florida payroll

Georgia Taxpayers in 28 Counties Get Extension Due to Hurricane Idalia

CPA Practice

SEPTEMBER 13, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. 15, 2024, to file various federal individual and business tax returns and make tax payments. Quarterly estimated income tax payments normally due on Sept.

Georgia

Georgia South Carolina income tax tax return

How to Convert LLC to S Corp or C Corp

inDinero Tax Tips

MARCH 13, 2023

If you receive $200,000 as an S corp employee, you’ll only pay payroll taxes on what you decide is a reasonable salary, say $120,000. The remaining $80,000 will be subject to income tax but not Social Security. For instance, in states like Florida, you will not pay state income tax on profits earned through an S corp.

income tax

income tax Non-Profits payroll tax Tax

How to Convert LLC to S Corp or C Corp

inDinero Tax Tips

MARCH 13, 2023

If you receive $200,000 as an S corp employee, you’ll only pay payroll taxes on what you decide is a reasonable salary, say $120,000. The remaining $80,000 will be subject to income tax but not Social Security. For instance, in states like Florida, you will not pay state income tax on profits earned through an S corp.

income tax

income tax Non-Profits payroll tax Tax

Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax

business tax Tax income tax payroll tax

Are Interstate Telecommuters During COVID-19 a Sales Tax Liability for Your Company?

ThomsonReuters

OCTOBER 20, 2020

The results of the Checkpoint Catalyst Survey of States’ Approach to Temporary Telecommuting survey show that the business tax consequences of COVID-19 telecommuting for companies large and small are unclear in most states. Differing considerations from COVID-19 uncertainty around sales and use tax nexus and income tax nexus.

South Dakota

South Dakota Sales Tax Rhode Island

Accountant Advocate

Wayfair: Sales Tax and State Income Tax Implications

5 States with the Lowest Combined Business Taxes

Webinars

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Sunshine Tax: Taxes for Small Business in Florida

Webinars

How to File Income Tax Return: Tax Filing Preparation Guide 2022

Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

Federal Government Extends Deadlines for Hurricane Ian Victims, States Extensions Are Unclear

Oct. 16, 2023, is Deadline for Taxpayers with an Extension

IRS Gives Tax Filing Delay to Hurricane Idalia Victims

IRS Provides Idalia Tax Relief

Georgia Taxpayers in 28 Counties Get Extension Due to Hurricane Idalia

How to Convert LLC to S Corp or C Corp

How to Convert LLC to S Corp or C Corp

Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

Are Interstate Telecommuters During COVID-19 a Sales Tax Liability for Your Company?

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