TaxConnex

APRIL 6, 2021

There’s always something changing in the world of tax, especially sales tax. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it. 10 to report use tax.

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West Virginia Sales Nebraska Alaska 130

ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax vs. VAT overview.

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Sales South Dakota Tax corporation tax 119

ThomsonReuters

OCTOBER 19, 2022

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans.

income tax 64

income tax Kansas Kentucky Tax 64

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 is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.

Delaware 52

Delaware Nevada Tax Sales 52

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. 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.

business tax 52

business tax Tax income tax payroll tax 52

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. Check out these blogs: Year-End, Capital Gains Tax and Iffy Choices.

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Tax income tax Legal Entertainment 52

inDinero Tax Tips

APRIL 20, 2021

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. (EST) Delaware does tax companies. With so few taxes, how does Delaware rake it in? The Delaware franchise tax.

Delaware 64

Delaware Wyoming Nevada Oregon 64

PYMNTS

FEBRUARY 2, 2017

A group of retailer lobbyists, energy companies and the auto industry is gearing up to fight against a proposed U.S. tax on imports. The group is also trying to send the message that companies focused on exports may see their federal taxes cut, potentially even to zero. It’s going to be an absolutely huge fight.”.

Retail 40

Retail Tax corporation tax 40

ThomsonReuters

DECEMBER 20, 2020

Wayfair decision dramatically shifted the sales tax landscape in the United States. Companies of all sizes are facing sales tax compliance obligations that are more complex than ever. So how do you determine if you have a sales tax obligation in multiple states? Wayfair on your business’s sales tax obligations.

South Dakota 72

South Dakota Sales Tax E-commerce 72

PYMNTS

FEBRUARY 21, 2019

s Housing, Communities and Local Government Committee is calling on internet retailers to pay higher taxes to help struggling offline retailers in the country’s shopping districts. The group called for an online sales tax, increased value-added tax and green taxes due to the shipping and packaging associated with eCommerce.

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PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

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Tax corporation tax Construction Maine 46

PYMNTS

MAY 22, 2020

DCC is the first eCommerce free zone to foster retail growth in the Middle East and North Africa (MENA) region. DCC merchants will not have to pay income tax or corporate tax and will get support services for immigration, healthcare, administration and banking.

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income tax corporation tax Construction Healthcare 106

Withum

OCTOBER 26, 2023

Withum celebrated NetSuite’s 25 th anniversary and was hands-on at breakout sessions relevant to the industries we serve, including but not limited to: technology , manufacturing , distribution , retail and e-commerce. Our CRM and ERP team members learned about the latest products and innovations to better serve our clients.

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NetSuite E-commerce Technology corporation tax 59

PYMNTS

FEBRUARY 28, 2019

to allow businesses to pay their corporate taxes in bitcoin. According to Good Audience , hundreds of thousands of retailers currently accept cryptocurrency. During the first tax season in which crypto payments were an option for Ohio companies, only two businesses in the state actually used cryptocurrency to pay their taxes.

business accounting 64

business accounting Ohio Account accountant 64

CPA Practice

MARCH 26, 2024

He also claimed his company’s payroll was $1,035,091 in the previous year on an IRS tax form. Each application requested the same loan amount — $198,990 — backed up with a phony number of employees, payroll income, sales revenue and corporate tax returns for pre-pandemic years, according to Bailyn.

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Real Estate Florida payroll Government 124

ThomsonReuters

SEPTEMBER 8, 2023

Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables. What is a C Corporation?

income tax 75

income tax Tax Legal tax return 75

PYMNTS

JANUARY 5, 2018

labor market slowed a bit more than economists expected in December, with a noted slip in retail employment. The latest tally by the Department of Labor showed that retail positions were off by 20,300 in December, representing the steepest slide since March of this year. That missed estimates of 190,000 additions.

corporation tax 40

corporation tax payroll Retail Tax 40

Menzies

DECEMBER 6, 2023

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. An audit team that is aware of these opportunities and armed to relay them to the business could bring substantial rewards.

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PYMNTS

OCTOBER 31, 2019

Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The Bombay Stock Exchange’s Sensex index also saw record highs, with a rally of more than 40,300 points due to a corporate tax cut and other business-boosting reforms. On Thursday (Oct.

corporation tax 40

corporation tax Maine Tax Retail 40

PYMNTS

MARCH 6, 2018

Although the retailer was bullish about striking a go-private deal before this week’s earnings report, it has once again decided to take a pass on the private life, at least until it receives an adequate offer. According to news from CNBC , the Nordstrom family offered $50 a share to take the retailer private.

corporation tax 40

corporation tax Finance Retail Tax 40

CPA Practice

JANUARY 15, 2024

She pointed out to jurors that unlike most business owners who received government benefits during the pandemic, Sheppard has been paying back the relief loans that he used for construction workers and others while developing a huge retail warehouse store for an anchor tenant in his company’s shopping center in Orlando.

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Real Estate Florida Construction Legal 52

PYMNTS

APRIL 12, 2019

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. The move comes as cities and states are passing bans on cashless retail establishments, on the argument that such retail discriminates against unbanked consumers.

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PYMNTS

NOVEMBER 16, 2020

As noted in this space , the entity fashioned by the merger would take its place as the fifth largest retail bank in the country, and with a presence that spans 24 states, and with a combined asset base of about $560 billion. To that end, Spanish financial firm BBVA said it would sell its U.S. billion in an all-cash deal.

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Non-Profits corporation tax accounting and finance B2B 75

Ronika Khanna CPA,CA

SEPTEMBER 28, 2021

The registration declaration must be sent to the Registraire des entreprises no later than 60 days after the date on which registration is required except for businesses who have started a tobacco retail outlet or an artificial tanning salon, in which case they must file the declaration within 30 days of the start of the operation.

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PYMNTS

AUGUST 9, 2018

Known for its huge warehouse-style stores, the retailer is in the early stages of moving globally toward smaller, inner-city showrooms. And according to Reuters , 1,000 of the items, including some cutlery and stuffed toys, will be priced at less than 200 rupees ($2.91). IKEA isn’t just scaling back on prices.

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Finance Retail corporation tax Tax 40

PYMNTS

SEPTEMBER 13, 2017

“Competition is fierce and profit margins are thinner than for any industry except retail,” the publication stated, adding that industry fragmentation and a lack of investment are also troubling trends for the space. “Because of that complexity, taxes are more complex – it’s a snowball effect.

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PYMNTS

JULY 24, 2017

The retail industry is going through a rough transformation. This shift in the way that retailers operate is evident from consumers’ shift to more online purchases as well as brick-and-mortar stores integrating technology aspects into the shopping experience. We’re seeing big-box retailers like J.C. Paul Ryan (R-Wis.),

Retail 43

Retail Tax corporation tax Agriculture 43

PYMNTS

JANUARY 26, 2021

dollar and higher corporate taxes from the Biden administration. He also believes Apple in 2021 could see its shares escalate to $200, turning it into a $3 trillion company. Daryanani thinks Apple could benefit from two macro trends — the weakened U.S. About 60 percent of Apple’s cash flow is not from the U.S.,

corporation tax 56

corporation tax Tax Sales Retail 56

PYMNTS

JULY 29, 2016

With a lower cost of living and one of the lowest corporate tax rates in Europe, Ireland is an attractive prospect for multinationals. The city accounts for 42 percent of Ireland’s GDP. Companies like Google, Facebook, Amazon, and LinkedIn have all established European headquarters in Dublin.

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Technology corporation tax Gaming Tax 42

PYMNTS

JULY 19, 2017

200 retail professionals from across the United States gathered at the Retail Advocates Summit in Washington, D.C., Vice President Mike Pence spoke at the event hosted by the National Retail Federation about the overall retail industry and where it’s heading for the country. As retail goes, so goes America.

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Retail corporation tax Washington Tax 40

PYMNTS

OCTOBER 12, 2020

German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. The primary aim of any deal would be to make sure that Big Tech firms like Facebook , Google and Amazon were forced to pay their fair share when it comes to tax, according to Scholz. German Finance Minister Olaf Scholz said Friday (Oct.

Technology 56

Technology Tax corporation tax Finance 56

PYMNTS

FEBRUARY 16, 2017

Yesterday, retail industry executives were scheduled to meet with President Donald Trump to discuss his proposed change to the border tax. In their meeting, the retail executives reportedly planned to discuss the tax’s potential effects on consumer prices. and Target. Penney Co., Jo-Ann Stores, Tractor Supply Co.

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Retail Tax corporation tax Government 40

PYMNTS

APRIL 5, 2017

Tax reform? No tax reform? Lots of tax reform? Incremental tax reform? Now, in the wake last month of health care overhaul’s dying on the vine, for better or worse, comes the question, what happens to tax reform? Tax reform may be thus delegated to a back burner. may be a taxing effort.

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PYMNTS

JULY 2, 2018

states have, or will have, laws that require online merchants to collect sales tax , and last week’s Supreme Court ruling is likely to increase that number. SCOTUS ruled that states can collect sales tax from online sellers, and reactions to the ruling have been mixed – even among small businesses. Fifteen U.S. ”

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Minnesota Washington Tax corporation tax 40

PYMNTS

APRIL 11, 2017

Other topics of discussion will likely include Trump’s goals to cut federal regulations and reduce corporate income tax while also adding taxes in a bid to change the face of domestic production. Back in February, retail industry executives met with Trump to discuss his proposed change to the border tax.

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income tax corporation tax Tax Retail 40

PYMNTS

AUGUST 12, 2019

Here’s why: The impact of tax cuts may have already been felt by consumers, and the initial impact is already in the rearview mirror. Corporate tax cuts have, per the IMF , failed to ignite reinvestments. That means, of course, that the ripple effect could be a tsunami.

corporation tax 44

corporation tax Washington Manufacturing Tax 44