CPA Practice

JANUARY 3, 2024

Taylor, Kiplinger Consumer News Service (TNS) As we venture into the new year, 2024 brings a wave of changes in state taxes across the country. From gas taxes to property tax amendments and income tax cuts, being aware of these changes is crucial since state and local taxes are among the highest taxes most people pay.

Tax 128

Tax Kansas income tax Montana 128

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. The Internal Revenue Service says that nearly 1.5 The IRS estimates almost $1.5

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

Anders CPA

MAY 23, 2023

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

payroll tax 98

payroll tax payroll Rhode Island Tax 98

CPA Practice

APRIL 10, 2023

Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. Sometimes you just have to go with it.

Tax 86

Tax West Virginia Wisconsin Virginia 86

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

DentalAccounting

NOVEMBER 12, 2019

New Jersey. New Hampshire. Clearly, the analysis from 24/7 did not take taxes into account as these are probably the highest tax states. If you need a higher level of tax expertise, then we recommend requesting a member of the Dental Accounting Association. Massachusetts. Connecticut. California.

New Hampshire 100

New Hampshire Hawaii Minnesota Connecticut 100

CPA Practice

DECEMBER 19, 2023

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

ThomsonReuters

JANUARY 30, 2023

Table of contents: Minimum wage Paid leave Tax credits Unemployment Earned wage access Pay transparency Tipped workers Worker classification State-run retirement plans Work scheduling 1. New Hampshire. New Mexico. New Hampshire. per hour, adjusted annually. The current minimum wage is $9.95

payroll 105

payroll Hawaii West Virginia Oklahoma 105

LyfeAccounting

JUNE 25, 2021

US taxpayers pay over $1 trillion in state income taxes every year. But what if you could pay $0 in state taxes? You can pay absolutely nothing in state taxes, just by packing up your bags and moving to a tax-free state. What are State Taxes? But wait a minute… how are states funding things without state taxes?

income tax 52

income tax South Dakota Tax Alaska 52

CPA Practice

MAY 17, 2023

The property tax life cycle is a complex beast, and taming it can be both frustrating and time-consuming. Did you know that businesses typically spend an average of 132 hours per week on various personal property tax compliance tasks ? These 12 states generate property tax revenue from real estate taxes instead.

South Dakota 106

South Dakota North Dakota Real Estate Washington 106

CPA Practice

APRIL 14, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. Under the law, taxpayers usually have three years to file and claim their tax refunds.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. Under the law, taxpayers usually have three years to file and claim their tax refunds.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

ThomsonReuters

FEBRUARY 15, 2023

property taxes, which help fund roads, schools, emergency medical services, and other services, are a vital source of revenue for state and local governments. Property tax rates vary greatly among states and localities and can have a major impact  on business investments and where people decide to live.

Tax 52

Tax Real Estate Kansas South Dakota 52

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. To help you meet the income tax filing season fully armed and prepared, we have compiled a step-by-step guide. What is income tax?

income tax 52

income tax tax return Tax E-commerce 52

ThomsonReuters

JULY 7, 2021

Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. Constitution in 1913 that permanently legalized a federal income tax. Next, in 1939, the Federal Unemployment Tax Act (FUTA) was passed, which resulted in an employer tax (typically, 0.6%

payroll 59

payroll Tax income tax payroll tax 59

SkagitCountyTaxServices

AUGUST 24, 2022

We’re here to help you steer your business into good financial standing and profitability… and keep you tax compliant. Earlier this year, Hawaii, Kansas, Maryland, Michigan, and West Virginia got almost six hundred and forty million combined. Ready for some help? I’m right here: app.acuityscheduling.com/schedule.php?owner=19530343.

West Virginia 72

West Virginia South Dakota South Carolina Connecticut 72

ThomsonReuters

JULY 26, 2022

Recently, Hawaii lawmakers elected to raise their state’s minimum wage to $18 by 2028. per hour), Idaho, Iowa, Kansas, Kentucky, North Carolina, North Dakota, New Hampshire, Oklahoma, Pennsylvania, Utah, Wisconsin, and Wyoming. According to the DOL , those states include: Georgia (state minimum wage rate is $5.15

North Dakota 98

North Dakota South Carolina North Carolina Michigan 98

ThomsonReuters

FEBRUARY 7, 2022

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. New Hampshire. The post Federal Paid FMLA May Be Out While States Consider Possibilities appeared first on Tax & Accounting Blog Posts by Thomson Reuters. 2022, S1). . 2022, H2407/S336 ). . 2022, H447 ). .

Missouri 98

Missouri Rhode Island Nebraska Mississippi 98

ThomsonReuters

JANUARY 24, 2022

The Hawaii Unemployment Insurance Division has told Thomson Reuters that every claim for unemployment insurance benefits is examined individually on a case-by-case basis, therefore, the Division could not issue a general statement about eligibility for benefits. . New Hampshire.

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

PYMNTS

OCTOBER 25, 2017

only Arkansas, Hawaii, Montana, New Hampshire, Wyoming and the Dakotas did not apply. Others are offering standard fare such as tax credits — although even that can’t be viewed as “standard” in this race. If Amazon were a teenager, it might say some of the 238 proposed sites are trying too hard.). In the U.S.

Georgia 43

Georgia North Carolina New Hampshire Montana 43