article thumbnail

New Jersey Corporate Tax Overhaul: 2019 Planning Considerations

Katz,Sapper&Miller

In 2018, New Jersey Gov. The bill included tax provisions that respond to the Tax Cuts and Jobs Act (TCJA). Most significantly, changes were made to the Corporation Business Tax. In 2018, New Jersey Gov. The bill included tax provisions that respond to the Tax Cuts and Jobs Act (TCJA).

article thumbnail

NJ governor pitches higher tax on businesses to help transit

Accounting Today

The move would make New Jersey's corporate tax the highest rate in the country.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What’s new in sales tax?

TaxConnex

Texas will no longer collect sales tax on essential baby products like diapers and wipes, as well as menstrual products, starting Sept. New Jersey signed budget legislation that changes the state’s corporate tax regulations. Income we trust.

Sales 130
article thumbnail

Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

New Jersey. New York (and New York City, in particular). Don’t assume you’re off the hook until you have written confirmation from the appropriate authorities that your tax accounts are shut. . File a final corporate tax return. You’re not filing just another tax return here. Washington.

article thumbnail

Major Changes to New York’s SALT Workaround as Part of FY23 Budget Bill

Withum

For context, in January 2022, New Jersey revised its PTET, resulting in it being more uniform with New York’s PTET. Now, with the recent New York legislative changes, with careful consideration, the state’s PTET could potentially be more advantageous for certain businesses. PTET Income Tax Addback.

article thumbnail

5 States with the Lowest Combined Business Taxes

CPA Practice

5 states with the lowest total tax burden for businesses While each state has its own tax structure, several states stand out for their favorable business tax environment. Here are five states renowned for their low taxes for businesses: 1. Florida also provides tax breaks and incentives for startups.

article thumbnail

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.