CPA Practice

AUGUST 19, 2023

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. 15, 2023, and Jan. 31, 2023, and Jan.

Hawaii 97

Hawaii Tax income tax tax return 97

CPA Practice

FEBRUARY 9, 2024

However, if you are among the 68 million people expected to place bets on the big game, you need to know that taxes are part of the equation. So, as we start tax season, here’s what you need to know about what your Super Bowl bet has to do with your tax return. Super Bowl 2024 is on Sunday, Feb. Usually, the payer (e.g.,

Gambling 122

Gambling Tax Sports South Carolina 122

Snyder

JUNE 9, 2022

State income taxes. Business income taxes. Local income taxes. Assessment tax return and short tax return. Income tax deadlines. Income tax extension: when is the last day to file income tax? Federal income tax brackets 2021 vs IRS income tax brackets 2022.

income tax 52

income tax tax return Tax E-commerce 52

TaxConnex

AUGUST 4, 2022

Laws governing marketplace facilitators popped up when states saw that platforms were charging sales tax on the sale of their own or certain third-party sales but not on all sales. This produced a gap in tax collection. Recently Hawaii, Texas, Wisconsin, Illinois, Michigan, Iowa, Louisiana and North Carolina added laws.

Wisconsin 130

Wisconsin North Carolina Michigan Iowa 130

ThomsonReuters

FEBRUARY 1, 2021

States like California, Hawaii and Nevada registered unemployment rates at or above 9% in December 2020 and throughout the pandemic many other states suffered record-high unemployment rates rendering the state’s unemployment trust fund insolvent. The FUTA tax rate is currently 6.0% However, employers generally receive a 5.4%

Hawaii 89

Hawaii Nevada California New Jersey 89

ThomsonReuters

APRIL 9, 2021

Credits were claimed through Form 941, the quarterly employment tax return. The federal government will be funding continuing coverage with employers claiming the reimbursement as a payroll tax credit, much like under ARRA, through Form 941. The credit will be against the employer’s share of Medicare tax.

Hawaii 98

Hawaii payroll tax South Dakota payroll 98

TaxConnex

OCTOBER 3, 2023

Times : “Next week’s installment of Connecticut’s annual suspension of sales taxes on clothing and shoes may be a reminder that government is very good at bribing people with their own money.” The five states with the lowest average combined rates are Alaska (1.81%), Hawaii (4.44%), Wisconsin (5.43%), Wyoming (5.44%) and Maine (5.5%).

Sales 147

Sales Louisiana Tax Tennessee 147