TaxConnex

DECEMBER 29, 2022

The year started with attention on new online products and sales tax – notably in Maryland with its tax on digital advertising. The state imposed a gross receipts tax on digital ads so long as the companies had at least $1 million in advertising revenue within the state for the year. More doubters would pop up later. (In

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Sales Tax Maryland Louisiana 130

TaxConnex

MARCH 2, 2021

In another possibly trendsetting development, Maryland has greenlighted the country’s first tax on digital advertisements sold by companies such as Facebook, Google and Amazon. Estimates reportedly said the tax will generate up to $250 million but opponents promise legal challenges. 20 and April 14 to April 15, 2021.

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Sales Tax Missouri Wisconsin 229

TaxConnex

OCTOBER 5, 2021

collects about 4% of its revenue from excise taxes. Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland. Latest estimates are that at the federal level the U.S.

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Sales Tax South Carolina Hawaii 177

CPA Practice

APRIL 12, 2023

By missing out on filing a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2019. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds in 2019.

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Rhode Island tax return Tax West Virginia 122

CPA Practice

APRIL 25, 2024

While these are not technically sales taxes per se, they pose similar challenges to indirect tax teams. In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees.

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Sales Tax Minnesota Tennessee 52

CPA Practice

APRIL 22, 2024

While these are not technically sales taxes per se, they pose similar challenges to indirect tax teams. In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees.

Sales 52

Sales Tax Minnesota Tennessee 52

CPA Practice

MARCH 8, 2023

Bay Staters with taxable income that exceeds one million dollars are expected to pay 4% more in Massachusetts income tax. Massachusetts recently returned billions in excess revenue to eligible residents through 62F tax refunds. Washington is a state that doesn’t have income taxes.)

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Tax Hawaii Illinois Massachusetts 115

Anders CPA

MAY 15, 2023

Below we dive into the state and unemployment tax responsibilities employers need to know. It’s important to remember an out-of-state employee will be considered an employee in the state in which they work , not the state in which the business is based or in which the employee lives.

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payroll tax payroll South Dakota Rhode Island 52

CPA Practice

NOVEMBER 1, 2023

States where inflation-adjusted income declined included Alaska, where oil drilling has been in long-term decline, as well as Georgia and Maryland. North Dakota’s per capita personal income rose to $73,414, giving it the 12th highest income in the country, up from 16th in 2019.

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North Dakota South Dakota Utah Connecticut 52

ThomsonReuters

JUNE 22, 2021

The following local income tax rates will increase on July 1: (1) Cridersville increases to 1.5% Beginning July 1, employers who employ five or more minor employees at each individual location will be required to register on the state’s new Youth Employment System (YES). per hour for large businesses (more than 100 employees).

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payroll Virginia Utah West Virginia 72

ThomsonReuters

JUNE 28, 2021

Montgomery County, Maryland: $15.00 Minneapolis, Minnesota: $14.25 Income tax rates to change in 2023. Iowa has enacted legislation that will drop the tax rate from 8.53% to 6.5% and reduce the number of tax brackets from nine to four in 2023. Voter approval for tax bracket reduction.

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payroll income tax California North Dakota 52