CPA Practice

JULY 18, 2023

Worldwide retail ecommerce sales could reach $6.169 trillion in 2023 and comprise 22.3% of total retail sales. The following guide provides more detailed information for each state and answers frequently asked questions like, “Do you charge sales tax on items shipped out of state?” or “Is there sales tax on U.S.

Sales 98

Sales Retail Tax West Virginia 98

CPA Practice

MARCH 7, 2023

How do you know if your business is required to register for sales tax in another state? Learn more about state efforts to simplify sales tax. Here are our top 10 tricky states when it comes to sales tax filing and remittance. Our favorite sales tax update has hit the Tax Desk. Untangling online sales tax.

Sales 52

Sales Tax South Dakota Alaska 52

CPA Practice

MARCH 21, 2024

Idaho, New Mexico, Maine , and Rhode Island are just a few states where counties don’t use state-created, standardized return and depreciation forms. California, New Mexico, South Carolina, and Maricopa County, Arizona), while others still require taxpayers to file by mailing paper returns.

Rhode Island 119

Rhode Island Tax Arizona South Carolina 119

CPA Practice

APRIL 5, 2024

The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3% New York $1,658,872 $748,199 45.1%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

CPA Practice

DECEMBER 11, 2023

there are more than 900 sales tax rules on tea products. These are the results of a new survey by Avalara, Inc. , As a result, 76% of tea merchants would urge the government to consider ways to reduce sales tax complexity with 42% considering lobbying decision makers and half (50%) even contemplating a legal challenge.

Tax 115

Tax Technology Alabama Kansas 115

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

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

OCTOBER 18, 2023

Additionally, examine personal income tax rates and sales tax rates, as they can affect both your business revenue and personal finances — both of which can also impact your ability to attract and retain talent. In addition, Alaska does not have a state sales tax, though it does allow municipalities to apply a local tax on sales.

business tax 59

business tax Tax Alaska South Dakota 59

CPA Practice

MAY 23, 2023

The heyday of marijuana sales in Colorado — back in 2020 when recreational and medical sales topped out at a combined $226 million — is a distant memory, as the state’s dispensaries struggle through an economic downturn, with sales plummeting and small businesses foundering. The market’s just bad. Colorado ranked as the No.

Colorado 23

Colorado Legal Montana Oregon 23