article thumbnail

4% Corporate Tax Rate for Businesses

BuildYourFirm

What business owner would not be interested in a 4% corporate tax rate, zero capital gains, and zero dividends tax? Puerto Rico has been willing to supply a lucrative tax incentives because it needs money from business owners and investors here in the US.

article thumbnail

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

Insiders

Sign Up for our Newsletter

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

article thumbnail

Sales and Use Tax Updates from March

TaxConnex

Municipalities in Alaska, which has no statewide sales tax, have begun banding together to impose tax on remote online sales into their jurisdictions. Georgia lawmakers have introduced H.B. 594 , which would impose the Georgia sales tax on digital goods or services.

article thumbnail

IRS Provides Relief to Taxpayers Impacted by Hurricane Helene

Withum

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.

article thumbnail

What’s new in sales tax?

TaxConnex

California has the highest statewide sales tax rate, at 7.25%. The lowest non-zero state-level sales tax is in Colorado, which has a rate of 2.9%. Five states follow with 4% rates: Alabama, Georgia, Hawaii, New York and Wyoming. South Dakota cut its state sales tax rate from 4.5% Income we trust.

Sales 130
article thumbnail

Friday Footnotes: A World Without Accountants; GAO Finds a Big Mistake; ‘Fazbie’ | 8.5.22

Going Concern

How the 15% US Minimum Corporate Tax Would Work [ Washington Post ] The tax, climate and energy proposal by Senate Democrats includes a 15% minimum tax on the domestic profits of large American companies.

Account 98
article thumbnail

Dear Graduate… Don’t let your next steps be taxing!

Menzies

HMRC will be notified about the new company and instead you’ll need to submit company accounts and a corporation tax return annually. The tax year runs from 6 April to 5 April each year (you can choose the financial year for a company). The post Dear Graduate… Don’t let your next steps be taxing! View profile.

Tax 52