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5 States with the Lowest Combined Business Taxes

CPA Practice

Property and payroll taxes In addition to business or personal income taxes and sales tax, property and payroll taxes are important considerations. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.

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ARPA Close-up: COBRA Premium Subsidy

ThomsonReuters

Employers were reimbursed with a payroll tax credit or a refund if the cost exceeded their tax liability. Credits were claimed through Form 941, the quarterly employment tax return. The credit will be against the employer’s share of Medicare tax. in February. What’s on the horizon?

Hawaii 98
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Last Week in Payroll: The List and Legality of Employee Vaccination Requirements

ThomsonReuters

Back in June of 2021, President Biden ordered every federal government employee and onsite contractor to attest to their vaccination status. The federal government employs more than four-million people. These spikes in positive cases of COVID-19 in the U.S. However, the law provides special provisions for health care facilities.

Legal 52
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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act. States have seen a dramatic increase in expenditures while also seeing decreases in tax revenue.”. “If