TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? For some 90 years, states have levied sales tax on goods (West Virginia was the first to do so , in 1921). Sourcing is huge.

South Dakota 192

South Dakota Sales Tax West Virginia 192

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

Sales 193

Sales Tax Colorado Massachusetts 193

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 105

South Dakota North Dakota Real Estate Washington 105

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

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. FUTA tax credit. The FUTA tax rate is currently 6.0% FUTA credit reduction.

Hawaii 89

Hawaii Nevada California New Jersey 89