CPA Practice

APRIL 3, 2024

To determine the residents with the biggest tax burdens, WalletHub compared the 50 states based on the cost of three types of taxes—property taxes, individual income taxes, and sales and excise taxes—as a share of total personal income in the state. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest.

Rhode Island 111

Rhode Island Alaska Tax New Hampshire 111

CPA Practice

APRIL 9, 2024

To determine the residents with the biggest tax burdens, WalletHub compared the 50 states based on the cost of three types of taxes—property taxes, individual income taxes, and sales and excise taxes—as a share of total personal income in the state. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest.

Rhode Island 105

Rhode Island Alaska Tax New Hampshire 105

CPA Practice

OCTOBER 4, 2023

By Bruce Willey, JD, CPA, Kiplinger Consumer News Service (TNS) Now that the U.S. Massachusetts introduced a state-level wealth tax last year, and the legislatures in California , Connecticut , Hawaii , Illinois , Maryland , New York , Oregon and Washington have all seen wealth tax bills introduced this year.

Tax 105

Tax income tax Hawaii Oklahoma 105

Anders CPA

SEPTEMBER 28, 2022

Even if a state doesn’t require sales tax on SaaS, the company may still need to file if they pass a certain threshold of sales. How a state may define SaaS could determine if a company is required to file a sales tax return in a particular state, regardless of if SaaS is actually taxable by law within that given state.

Rhode Island 52

Rhode Island West Virginia South Dakota South Carolina 52

CPA Practice

AUGUST 29, 2023

Hawaii is an expensive state Hawaii is an expensive state for high earners to live in. This is an additional 1% tax imposed on real estate sales exceeding $1 million. That means the wealthiest California taxpayers can pay 13.3% on at least part of their earnings. The top income tax rate is 11%. Washington, D.C.

income tax 98

income tax Tax New Jersey Hawaii 98

CPA Practice

APRIL 4, 2024

In Hawaii, California, D.C., The total number of homes for sale, including homes that were under contract but not yet sold, increased by 8.8% “Home values are near record highs, and if you want a house, you have little choice but to pay a high price,” said Jeff Ostrowski, a housing market analyst at Bankrate.

Mississippi 52

Mississippi Hawaii Arkansas Kentucky 52

CPA Practice

JULY 26, 2023

Who’s responsible for collecting sales tax for online travel agency transactions? When states first required Amazon to collect and remit sales tax, Amazon dutifully did so. But at first the online mega marketplace didn’t collect and remit sales tax on behalf of its third-party sellers, and it argued that it didn’t have to.

Tax 98

Tax Michigan Hawaii Sales 98

CPA Practice

JANUARY 23, 2023

By Marsha Mercer, Stateline.org (TNS) As inflation soared in the past year, families in some states suffered a double whammy—paying food sales taxes on top of higher-priced groceries. Tennessee, which dropped its grocery sales tax from 5% to 4% in 2017, lifted the tax for a month last August. You tell me the difference,” Kaiser said.

Idaho 111

Idaho South Dakota Tax Kansas 111

CPA Practice

JANUARY 3, 2024

Tax-free shopping Florida kicked off 2024 with its first-ever January back-to-school sales tax holiday. Alcohol tax and cigarette taxes In Hawaii , a 70% tax on electronic cigarettes became effective Jan. However, in some cases, eligible buyers can now take the federal EV tax credit on qualifying vehicles at the point of sale.

Tax 128

Tax Kansas income tax Montana 128

CPA Practice

APRIL 10, 2023

We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. This is because there are a myriad of state and/or local lodging tax requirements on top of (or in place of) state and/or local sales taxes on accommodations. New York state/local sales tax and the state’s $1.50

Tax 85

Tax West Virginia Wisconsin Virginia 85

CPA Practice

MAY 17, 2023

The exceptions to that rule are Delaware, Hawaii, Illinois, Iowa, Minnesota, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, and South Dakota. Most states tax personal property owned by businesses and require businesses to complete and file a personal property rendition every year.

South Dakota 105

South Dakota North Dakota Real Estate Washington 105

CPA Practice

DECEMBER 18, 2023

States with bottle bills California isn’t the only state with a bottle bill.

California 89

California Manufacturing Iowa Vermont 89

Anders CPA

DECEMBER 1, 2023

In this podcast episode from the Summit Virtual CFO by Anders Modern CPA Success Show , Tom Wadelton and Jody Grunden interview one of their own, Guillermo Rodriguez , Virtual CFO and Cannabis Industry leader for Summit Virtual CFO by Anders. Welcome to our episode of the Modern CPA Success Show. The industry is not quite there yet.

Start-ups 52

Start-ups Legal CPA Non-Profits 52