TaxConnex

OCTOBER 7, 2021

The growth rate for all Tennessee taxes in August was 22.11 Sales tax revenues and state corporate tax receipts (franchise and excise taxes) both posted substantial growth. In Georgia , tax collections were up 12.7% The gross sales tax take finished 15.9% in August year over year.

West Virginia

SkagitCountyTaxServices

AUGUST 26, 2021

Per the Treasury , the bill will target tax increases on big corporations (raising the corporate income tax — i.e. C-corps — to 28%, among other moves) while protecting the majority of small businesses (around 97%). Well, no more.

business tax

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

Delaware

Menzies

AUGUST 1, 2023

Profit extraction – a waiting game The first question to consider is whether you personally need or want the cash, or whether it might be best to leave profits in the company. Dividends and salary are not the only methods of extracting cash from your company and tax benefits can arise by extracting profits through other means.

corporation tax

Menzies

AUGUST 8, 2022

NFTs take various forms such as artwork, video game items, or even concert tickets. Like a unique weapon in a popular video game. There is no precedent for what tax rates are applicable to NFTs, if feasible, getting advice from a tax professional who is knowledgeable of NFTs is a safe option. Badges of Trade.

income tax

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Deductions work by reducing your total gross income.

Tax

Accounting Insight

FEBRUARY 1, 2024

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. Remember, a corporate tax enquiry is not routine, despite what HMRC may suggest. What is a business tax enquiry / hmrc corporate enquiry ?

corporation tax