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Vitamins, supplements and sales tax – the latest

TaxConnex

The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.

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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

The platform currently calculates, collects and remits state sales tax on shipments to (in the order in which they began): Washington, Pennsylvania, Oklahoma, Minnesota, Iowa, Connecticut, South Carolina, South Dakota, New Jersey, the District of Columbia, New York, Idaho, Nebraska, Alabama, Arkansas, Kentucky, California, Maine, Massachusetts, North (..)

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Loopholes and other odd sales tax rules, part 2

TaxConnex

Diapers and groceries are taxed in Hawaii, Idaho, Utah, Kansas, Missouri, Oklahoma, Arkansas, Tennessee and Alabama, Mississippi and South Dakota. Connecticut, South Carolina, Ohio and Virginia exempt some protective clothing. Playing dress-up Clothing is taxable in most states and the District of Columbia.

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How the 50 States Rank By Lifetime Taxes

CPA Practice

Connecticut $1,731,261 $855,307 49.4% Hawaii $1,581,119 $521,966 33.0% Connecticut $1,731,261 $855,307 49.4% Hawaii $1,581,119 $521,966 33.0% Vermont $1,442,094 $651,434 45.2% New York $1,658,872 $748,199 45.1% Massachusetts $1,857,438 $816,700 44.0% New Hampshire $1,674,402 $722,610 43.2% Illinois $1,580,130 $665,286 42.1%

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

Some states are looking to change only certain elements of their minimum wage laws: Connecticut. 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.

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IRS Says State Issued Stimulus Payments are Not Taxable

CPA Practice

This means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island.

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Sales tax and accounting services

TaxConnex

Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico. 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.