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The Best States for Minority Entrepreneurs

CPA Practice

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. Notably, of the states with the highest absolute percentage of minority-owned businesses (Hawaii, Washington D.C.,

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Second Google Lawsuit May Be Filed Next Month By State AGs

PYMNTS

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

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Understanding the Taxability of Your Products and/or Tech Services

TaxConnex

Nebraska taxes sales of “content cards” or “digital release cards” that allow purchasers to download specific digital goods if the product is taxable in other circumstances. Others use the Streamlined Sales Tax definition from the Streamlined Sales Tax Governing Board. Some states tax ringtones as digital products and some don’t.

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Taxation of services

TaxConnex

1, excluding government services. Nebraska will reconsider a carried-over 2021 bill to extend sales tax to services and, effective this October, lower the state sales tax rate back to 5% with later adjustments possible. The bill excludes B2B transactions. Right now, services are generally non-taxable in Indiana.

Indiana 187
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Why More Small Businesses Owners Are Offering 401(k) Plans to Employees

CPA Practice

Rhett Stubbendeck introduced a 401(k) retirement program to all employees at his Omaha, Nebraska-based insurance company LeverageRx in January. Out of his 20 employees, 15 have enrolled in the program thus far, which offers a 100% match of contributions.

Oregon 134
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Excise Tax versus Sales Tax

TaxConnex

Federal, state, and local governments can all impose excise taxes. The lowest per-capita excise tax states have included South Carolina, Nebraska, Idaho, and Arizona. Latest estimates are that at the federal level the U.S. collects about 4% of its revenue from excise taxes.

Sales 177
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Steve Mnuchin: Stimulus Money Should Hit Within 3 Weeks

PYMNTS

The way it will work, Mnuchin said, is the government will distribute the money electronically, in a direct deposit , to the bank accounts which the government has on file. For those whose information the government doesn’t have, a website will be set up so they can apply to receive the money.