TaxConnex

AUGUST 15, 2023

The Tax Foundation released its “State and Local Sales Tax Rates, Midyear 2023” report of the 45 states (and the District of Columbia) that collect statewide sales taxes and the 38 states where local sales taxes are collected. Among highlights: In some cases, local sales taxes exceed state rates.

Sales 130

Sales Tax Alabama Texas 130

CPA Practice

JANUARY 23, 2023

At least five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to reduce, eliminate or ease the pinch—Kansas, Virginia, Illinois, Tennessee and Idaho. Grocery taxes that remain are “there for a reason. I couldn’t go to a meet-and-greet where the grocery tax didn’t come up.”

Idaho 111

Idaho South Dakota Tax Kansas 111

xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

business tax 52

business tax Tax income tax payroll tax 52