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Monthly State Sales and Use Tax Update

TaxConnex

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% August revenues were $1.4 billion, $255.8

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Sales and Use Tax Updates from March

TaxConnex

A specified digital product includes digital audiovisual works, audio works, books, artwork, photographs, periodicals, newspapers, magazines, video greeting cards, audio greeting cards or video games. tax issue this year as other states move to join Maryland in trying to levy taxes on this commercial internet-based activity.

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How to enhance the audit experience

Menzies

keep to the game plan Once the audit has started, this planned approach should be followed. For example, legal invoices might show intellectual property assets, that could’ve been leveraged using Patent Box Relief to reduce the client’s corporation tax liability.

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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

And there’s no state corporate income tax on goods and services provided by Delaware corporations that operate outside of the state. Delaware holding companies benefit from no corporate tax on interest and other investments. The state also doesn’t impose personal property tax.

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Tax Deductions Guide 2021

inDinero Tax Tips

After subtracting deductions, you’ll only need to pay taxes for your net revenue. The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation.

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Are Dublin’s ‘Silicon Docks’ A Haven For FinTech?

PYMNTS

With a lower cost of living and one of the lowest corporate tax rates in Europe, Ireland is an attractive prospect for multinationals. Germany and France have both staked their claim, but it’s clear that Ireland has some skin in the game as well. The city accounts for 42 percent of Ireland’s GDP.