Connecticut Paid Family Leave and What to Know

Patriot Software

Connecticut joined the paid family leave states when employers began handling Connecticut paid family leave contributions in 2021. Employees in Connecticut can now apply for benefits from the state’s paid family leave program.

Connecticut Employers, How Much Do You Know About MyCTSavings?

Patriot Software

Here’s a shocking stat: More than 600,000 private-sector employees in Connecticut don’t have an employer-sponsored retirement savings plan. To encourage more employees in the state to save for retirement, Connecticut launched the MyCTSavings Retirement Program (MyCTSavings).

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SMB Profile: Looking Forward To Christmas In Connecticut

PYMNTS

Like all the towns on the Connecticut shoreline, Guilford is centered around a village green. Retail brick and mortar Connecticut COVID-19 News SMBsOn its north side stands a picture-postcard, white-steepled church.

Connecticut State Tax Updates

Withum

Blogs

Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

PYMNTS

Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. This is Connecticut’s second look into Amazon’s eBook unit.

State & Local Tax Update: Connecticut’s Response to Tax Reform

Katz,Sapper&Miller

The Connecticut General Assembly recently passed legislation which made changes to the state’s taxing system effective for tax years beginning on or after Jan. Most significant is the imposition of tax on pass-through entities that are doing business in Connecticut 1, 2018.

Connecticut Learns From NY’s Payroll Card Strifes

PYMNTS

28) said Connecticut is preparing for a new statute to legalize payroll cards. According to reports, Connecticut rules aim to address those drawbacks; the state bans employers from imposing additional costs on employees for using the cards, while any payroll card an employer decides to use must be linked with a “substantial number” of ATMs that don’t charge fees.

CT Gov: First Wave Of $600 Jobless Payments Were Sent

PYMNTS

Connecticut Gov. Connecticut’s $600 payments exceeded $89 million, according to the governor. Coronavirus benefits Connecticut COVID-19 funds jobless News payments unemployment What's Hot

Taxation of services

TaxConnex

In April 2021, the Connecticut General Assembly introduced?a to 10% of the annual gross revenues derived from digital advertising services in Connecticut, depending on the taxpayer’s global annual gross revenues.

Online Ads: Who Taxes Them and Who Doesn't?

TaxConnex

Three states – Arkansas , Connecticut and Indiana – have explored specifically taxing advertising on social media. Connecticut ’s levy of 10% tax on revenues for large platforms ($10B global) appears to have gone to a public hearing 10 months ago.

Withum Welcomes Megan Budd

Withum

Megan is an active member of her community, having served as President of the Connecticut Chapter of Healthcare Financial Management Association and currently volunteers for Junior Achievement at her local elementary school.

App purchases and sales and use tax

TaxConnex

Hawaii and Connecticut are two other states that cast the tax net wide when it comes to software and apps. Many tech companies consider themselves a service provider exempt from sales and use tax.

Sales 207

Sales Tax and Vitamins/Dietary Supplements

TaxConnex

Labels can also have “drug facts” that would likely trigger tax as a prescription or nonprescription drug (this could exempt the vitamins and supplements from state sales tax in some states like Alabama, Connecticut and Kansas and, in some cases, Oklahoma).

Sales 207

What’s new: state sales and use taxes

TaxConnex

Connecticut has ruled that online learning plans were not taxable digital goods. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates.

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What’s new in state sales and use taxes

TaxConnex

In Connecticut, Republican lawmakers have called for reducing the general sales tax from 6.35% to 5.99%. There’s always something changing in the world of tax, especially sales tax.

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Sales tax and accounting services

TaxConnex

In recent years, Connecticut, Maryland, and California toyed with levying state sales tax on accounting services but found it a tough fight in the face of intense lobbying from accountants’ groups. It’s that time of year again when everyone suddenly thinks about preparing their income taxes.

Sales 207

Tricky items for sales tax (Part 2)

TaxConnex

The price influences sales taxability in other states like Connecticut and Massachusetts while there’s motion to raise the sales tax exemption for clothing in New York. Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…. Clothes.

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Taking a Look at Sales Tax Exemptions and Why They're Important

TaxConnex

Alabama, California, Connecticut, Georgia and New York offer a half-dozen or more. Connecticut, Florida (which recently passed economic nexus that will be enacted this summer) and Louisiana accept certificates depending on where the product was packaged and shipped.

Sales 205

What's New in State Sales and Use Taxes

TaxConnex

In the trendiest sales tax news (aside, of course, from Florida finally passing economic nexus legislation), Connecticut lawmakers have proposed a digital advertising services tax similar, experts say, to one recently enacted in Maryland.

Sales 207

Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

This is the third time the state has pushed for faster tax remittance since 2015, reports added, and similar proposals have been seen in Connecticut, Nebraska, New York and Puerto Rico.

Sales 203

New York State & Local Tax Update: March 2016

Katz,Sapper&Miller

New York Denies Refund for Erroneously Paid Sales Tax - An automobile dealership was not entitled to a refund for sales tax collected on extended warranties sold in Connecticut that was erroneously remitted to New York state. The taxpayer subsequently paid sales tax to the state of Connecticut on the same sales, at a rate of approximately 6%.

The Facts About Surcharges

Lockstep

The following states prohibit surcharges or restrict the use of the surcharge: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma, and Texas. Guest Contribution from Fortis. What to know before you charge.

What you need to know: “Origin” vs. “destination” states

TaxConnex

Similarly, Connecticut has a reduced sales tax rate for SaaS when sold to businesses which is a different sales tax rate when sold to consumers. In real estate they say, “Location! Location! Location!” Same is true for sales tax – except the word can have different meanings.

Sales tax holidays for the rest of the year

TaxConnex

14-20); Connecticut (Aug. Holiday time already? In many states, sales tax holidays have been in full swing this year and will continue for months to come. Some of the deals are long-standing; others have been trotted out by lawmakers claiming to want to help constituents weather inflation.

Sales 130

Do you really understand economic nexus for sales tax?

TaxConnex

Though some states are repealing sales taxes on a few services, other states – notably Indiana, Nebraska, Connecticut and perhaps West Virginia – look to expand sales tax by taxing what has historically been an untaxed source of income.

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Legalization and Taxation of Cannabis

TaxConnex

Connecticut: Medical marijuana is only subject to the statewide 6.35% sales tax and there is no additional excise tax. Legalization of cannabis and how it would be taxed has been a discussion for many years.

Legal 193

The Evolving Taxability of SaaS

TaxConnex

Connecticut taxes SaaS, but at a reduced rate when sold to a business. Tangible personal property has historically been subject to the collection and remittance of sales tax while many services have been non-taxable (or exempt).

Understanding the Taxability of Your Products and/or Tech Services

TaxConnex

Connecticut recently hiked its sales-tax rate from 1% to 6.35% on most digital goods sold to consumers while maintaining the reduced rate of 1% when sold to businesses.

Software, SaaS and Sales Tax

TaxConnex

For instance, Connecticut taxes SaaS, but at a reduced 1% rate when sold to a business. If your business sells software or software-as-a-service (SaaS), you deal with one of the most complex sales tax situations, potentially without even realizing it.

Sales 207

Best States to Practice Dentistry In

DentalAccounting

Connecticut. According to 24/7 Wall Street, a career in dentistry provides a median salary more than quadruple all professions. That’s right, the median salary for a dentist is $156,240. To take this a step further, the best states for dentistry might surprise some of you. When you factor in variations in dental insurance coverage, frequency of visiting a dentist, quality of life, cost of living and more factors, then the best states to practice dentistry are: 1. Massachusetts.

Hawaii 100

2021: The Year in Review – Sales Tax

TaxConnex

Other jurisdictions were pursuing similar efforts: Georgia and Connecticut seemed first in line. The whole world pinballed throughout a pandemic the last two years and continues to do so.

Sales 207

Complexities of Sales Tax: Technology

TaxConnex

A few examples are referenced below: Connecticut taxes SaaS as does Texas. However, Connecticut applies a reduced 1% tax rate on SaaS provided it is sold to a business; otherwise the standard sales tax rate applies.

Turns Out a Place Called “Accountant ‘R’ Us” Was Not a Legitimate Business at Which to Get Your Taxes Done

Going Concern

A man in Connecticut is accused of taking $373,201 in PPP loans to fund a phony accounting firm : Eric James O’Neil, 57, was arrested Aug. 9 at his Bethel home on an arrest warrant and indictment issued by federal court in Boise, Idaho, where the bank that processed the loan is based.

Idaho 56

Is Software as a Service Taxable? 

Anders CPA

Arizona Connecticut District of Columbia Hawaii Iowa Louisiana (1/1/2023) Massachusetts Maryland Minnesota Mississippi New Mexico New York Ohio Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Washington West Virginia. Is Software as a Service (SaaS) taxable?

cpa 52

All About the SSBCI for Skagit County Business Owners

SkagitCountyTaxServices

More than nine hundred and forty million is now headed to Arizona, Connecticut, Indiana, Maine, New Hampshire, Pennsylvania, South Carolina, South Dakota, and Vermont. Fill in the blank: It takes a village to.

Today In Payments: CT AG Launches Antitrust Probe Into Amazon’s eBook Business; Petco’s $864 Million IPO Beats Forecasts

PYMNTS

In today’s top news, Connecticut’s Attorney General has opened an antitrust probe into Amazon’s eBook business, and Petco beat expectations in its IPO. Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business.

Layoff Watch ’22: Stanley Black & Decker is Giving Out Pink Slips to Finance Pros, But How Many?

Going Concern

On Tuesday, Stanley Black & Decker spokesperson Debora Raymond declined comment on any possible job actions in Connecticut or globally, but said the report’s jobs figure was incorrect. The effect of any layoffs in Connecticut remains unclear.

Monday Morning Accounting News Briefing: PwC India Hiring; CFO Expectations; EY’s Sales Pitch | 8.29.22

Going Concern

One day we could be in the Stamford, Connecticut office and the next we could be in the NYC office—or even at a client’s office. “Why aren’t there resources to help those with private loans get forgiveness?”

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

Amazon Cuts Delivery Contracts; 1,200 Jobs Lost

PYMNTS

Despite a 40 percent increase in revenue in the second quarter, Amazon has cut more than 1,200 delivery contract jobs. CNBC reports the eCommerce leader has ended contracts with several small delivery firms across the U.S., spurring layoffs and causing them to pull out of Amazon facilities.

South Dakota State Tax Updates

Withum

The rejection by South Dakota comes after several states, including New York and Connecticut, decided to move forward with plans to reduce sales taxes. For the latest news and updates on South Dakota state and local tax. March 4, 2022. South Dakota May Legalize Recreational Cannabis.

Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Connecticut Governor Ned Lamont has announced the Back to Work CT Program. The program provides an incentive for long-term unemployed people in Connecticut to return to the workforce. Summertime Tax Tips.

Average Bookkeeper Salary in the United States

Snyder

As the title of the article is quite unambiguous, it might seem that mentioning a couple of numbers would suffice. But the job market today is much more complicated than stating some numbers if one wants to get some deep insight into the topic. .