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A List of the 10 Worst Property Taxes By States

LyfeAccounting

Your physical address might result in you paying significantly more in property taxes than someone else. And as millions of Americans rush from one state to another, one thing you just have to keep in mind is property taxes. That’s why in this post, we’re going to uncover the states with the worst property taxes in the country.

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Tax-Free States? Pay No Income Tax in These 9 Tax-Friendly States!

LyfeAccounting

US taxpayers pay over $1 trillion in state income taxes every year. But what if you could pay $0 in state taxes? You can pay absolutely nothing in state taxes, just by packing up your bags and moving to a tax-free state. What are State Taxes? But wait a minute… how are states funding things without state taxes?

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Big Names Embark On Spring Hiring Sprees

PYMNTS

Discount-grocery chain Aldi has announced several hiring events across states including Michigan, Vermont, Connecticut, Virginia, New Jersey and Florida. It will be investing $500 million in associate wages, training and development over the next three years, leveraging a windfall produced by recent tax law changes. Tech Giants.

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Employer Vaccine Mandates, Worker Refusals, and Unemployment Benefits

ThomsonReuters

DEO Rule 73B-11.0191 provides eligibility for benefits for workers that refuse a vaccine mandate of governmental entities and educational institutions that impose COVID-19 vaccination mandates as a condition of employment and all private employers that impose COVID-19 vaccination mandates without also offering exemptions. .

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Summertime Tax Tips. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Biden Administration issues tax proposals “Green Book.” The Department of the Treasury has issued detailed information about the Biden Administration’s tax proposals for fiscal year 2022 in its “ Green Book.”

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Last Week in Payroll: Repaying Deferred Social Security Taxes

ThomsonReuters

Repaying Deferred Social Security Taxes . In addition, a Presidential Memorandum signed on August 8, 2020, allowed employers to defer the employee’s share of Social Security tax from September 1, 2020 through the end of tax year 2020. . credit for employer FICA tax paid with respect to employee cash tips.

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Last Week in Payroll: Backup Withholding

ThomsonReuters

Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed. Beginning in tax year 2020, the IRS issued a new Form 1099-NEC for business taxpayers who receive nonemployee. Federal News.

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