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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. New Hampshire. New Mexico. New Hampshire. New Mexico.

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5 States with the Lowest Combined Business Taxes

CPA Practice

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.

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. The New Mexico Taxation and Revenue Department (TRD) has issued an informational publication on the special payment methods required by the largest taxpayers. Information on special payment methods.

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Ecommerce Accounting 101

xendoo

Integration: It’s easy to link directly with bank and credit card accounts, inventory, and payroll systems. Keep in mind that an online business has all the accounting obligations of a brick-and-mortar store, plus additional factors. If you set up an LLC or corporation , the IRS requires you to keep a dedicated business bank account.

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What is state tax apportionment and how do you calculate it?

ThomsonReuters

It sounds straightforward, but this is a complex topic: States have various ways of calculating how much of your corporation’s business income is attributable to its presence and activity there. Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them.