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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

New York To Sunbelt State Tourists: Stay Home

PYMNTS

With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. Phil Murphy and Connecticut Gov.

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.

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.

tax 165

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.

Sales 157

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 185

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 181

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.

Sales 174

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 187

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%.

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.

Sales 177

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 161

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).

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 175

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.

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 155

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 182

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.

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 143

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.

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

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.

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.

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.

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.

Unemployment Filings Top 3.1M Across US

PYMNTS

The highest insured unemployment rates in the week ending April 18 were in Vermont (25.2), West Virginia (21.9), Michigan (21.7), Rhode Island (20.4), Nevada (19.9), Connecticut (18.7), Puerto Rico (17.9), Georgia (17.3), New York (17.2)

JPMC Bets On Travel Rebound With Acquisition Of cxLoyalty's Rewards Division

PYMNTS

Headquartered in Stamford, Connecticut, and privately held, cxLoyalty said it serves some 70 million people across 19 countries. With an eye on the future of travel, J.P.

Restaurants Expand Into Grocery To Mitigate Coronavirus Impact

PYMNTS

Also, Subway is providing groceries at 250 locations in Oregon, Connecticut, California, Washington and Tennessee.

Last Week in Payroll: The Ides of March

ThomsonReuters

Connecticut Governor Ned Lamont has signed legislation into law that extends the taxes paid to other states’ tax credit to workers telecommuting due to the COVID-19 pandemic for the taxable year commencing January 1, 2020. The Ides of March.

Coronavirus Refunds: Matchbox Twenty Unveils New Dates For Summer Tour

PYMNTS

However, it will now start on July 16 of next year in Connecticut at the Mohegan Sun Arena and will conclude at the Hollywood Bowl on Oct. As the pandemic continues to disrupt everyday life the world over, rock concerts are becoming postponed to next year.

A List of the 10 Worst Property Taxes By States

LyfeAccounting

Connecticut. Connecticut is widely known as one of the richest states in the nation, if not the richest. Billionaires like Ray Dalio and Steve Cohen are amongst many that call Connecticut home.

NY Requires COVID-19 Tests For Travelers, Ends Quarantine Mandate

PYMNTS

And Cuomo said the spikes had turned up even in neighboring states like Connecticut and New Jersey, which had previously gotten their rates down to manageable levels, CNBC wrote. New York Gov.

Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States

PYMNTS

Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.

Uber Connect Expands For Holiday Package Delivery

PYMNTS

locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St.