TaxConnex

DECEMBER 1, 2022

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee.

Sales 130

Sales Tax Alaska Louisiana 130

Withum

APRIL 4, 2022

Because the District Court that decided the case resides in the Sixth Circuit, the decision applies only to taxpayers in Kentucky, Michigan, Ohio, and Tennessee. Micro-captive insurance transactions are, after all, included in the IRS’s dirty dozen list of tax scams. Business Tax Services. Contact Us. Contact Us.

Tennessee 64

Tennessee Kentucky Michigan Ohio 64

Snyder

JUNE 9, 2022

Note: The important thing is that the United States income tax rates are marginal , which just means that each tax rate applies to only one part of your income. . Income tax calculations are reflected in the business tax return. In the USA, the IRS or local tax agencies play the role of such authority.

income tax 52

income tax tax return Tax E-commerce 52

ThomsonReuters

JANUARY 30, 2023

Kentucky ( House Bill 69 ), Hawaii ( House Bill 235 ), Minnesota ( Senate Bill 34 ), and Texas ( House Bill 404 ) are proposing employer-provided paid sick leave requirements. Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees.

payroll 105

payroll Hawaii West Virginia Oklahoma 105

ThomsonReuters

OCTOBER 19, 2022

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans. Not yet a subscriber?

income tax 64

income tax Kansas Kentucky Tax 64

CPA Practice

APRIL 10, 2023

States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,

Tax 86

Tax West Virginia Wisconsin Virginia 86

CPA Practice

APRIL 5, 2024

By Erik Wasson and Samantha Handler, Bloomberg News (TNS) Senate Republicans are poised to sink a $78 billion tax-cut package, gambling that they’ll win the majority in November and can push then for bigger breaks for business. At least nine Republicans would have to support the bill to overcome an expected filibuster.

Tax 106

Tax Idaho Kentucky Gambling 106