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IRS Offers Tax Filing Extensions to Hawaii Wildfire Victims

CPA Practice

The Internal Revenue Service will allow Hawaii taxpayers in Maui and Hawaii counties extra time – until February 15, 2024 – to file various federal individual and business tax returns and make tax payments that would have been normally been due before then. Qualified disaster relief payments are generally excluded from gross income.

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To Aid Volcano Victims, Hawaii First Thinks Small

PYMNTS

In addition to emergency agencies, the volcanic activities have prompted local credit unions, like Hawaii First Federal Credit Union , to mobilize and help affected residents. Hawaii First is approaching the housing crunch by thinking small. To make matters worse for those displaced, finding affordable housing can be a tall order.

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The Best States for Minority Entrepreneurs

CPA Practice

Notably, of the states with the highest absolute percentage of minority-owned businesses (Hawaii, Washington D.C., Wyoming, South Dakota, North Dakota, New Hampshire, Montana, Maine, Utah, Kansas, Minnesota, Maryland, Idaho, Oregon, Colorado, Missouri, Nebraska, Florida, Ohio, Wisconsin, and Massachusetts also made the list.

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A history of sales tax

TaxConnex

The American version Financing government has usually motivated creation of taxes in America. Mississippi introduced their sales tax in 1930, followed by many others (including Hawaii, which didn’t even become a state until 1959). England also taxed salt, as did France – one cause of the latter’s bloody revolution in the late 1700s.

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Excise Tax versus Sales Tax

TaxConnex

Federal, state, and local governments can all impose excise taxes. Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland. Latest estimates are that at the federal level the U.S.

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State Governments Deliver Mixed Messages On Reopening Retail

PYMNTS

State governments are dropping the ball on retail reopenings. As the week plays out, inconsistent direction and confusion have been standard with New York, Texas, California and Hawaii getting criticized by retailers big and small. After making the statement, Simon retracted it, pledging cooperation with local officials.

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App purchases and sales and use tax

TaxConnex

Hawaii and Connecticut are two other states that cast the tax net wide when it comes to software and apps. Two years ago, the Streamlined Sales Tax Governing Board presented a web of definitions used to determine if Wisconsin was correct in a then-recent tax determination. Subject to sales tax’.

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