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Vitamins, supplements and sales tax – the latest

TaxConnex

The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.

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Here’s the Salary a Person Needs to Actually Take Home $100,000 in Every State

CPA Practice

The top five states with the highest salaries needed to take home $100,000 after taxes were: Oregon – $156,280 California – $153,700 Maryland – $154,850 Hawaii – $154,165 Maine – $151,640 Eight states tie for the lowest salary needed to take home $100,000 after taxes—about $137,290, GoBankingRates.com reported.

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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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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

Among other details and typical of many of these platforms, vendors with a physical presence in a state where Etsy collects and remits state sales tax do not have to remit any tax collected on sales; the platform remits the money for the vendor.

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How the 50 States Rank By Lifetime Taxes

CPA Practice

Maryland $1,871,450 $655,454 35.0% Hawaii $1,581,119 $521,966 33.0% Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2% New York $1,658,872 $748,199 45.1% Massachusetts $1,857,438 $816,700 44.0% New Hampshire $1,674,402 $722,610 43.2% Rhode Island $1,600,495 $684,828 42.8% Illinois $1,580,130 $665,286 42.1%

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Half of U.S. States Near Record Low Unemployment Rates

CPA Practice

Arkansas, Mississippi, Oklahoma, Pennsylvania, Ohio, Massachusetts and Maryland also posted fresh record-low readings. That includes New York and Hawaii. The unemployment rates in 25 states are currently at or within 0.1 percentage point of a record low, Bureau of Labor Statistics data showed Friday. ©2023 Bloomberg L.P.

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Sales tax and accounting services

TaxConnex

Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico. In recent years, Connecticut, Maryland, and California toyed with levying state sales tax on accounting services but found it a tough fight in the face of intense lobbying from accountants’ groups.