article thumbnail

New State and Local Taxes – Dec. 2023

CPA Practice

The prepaid sales tax rate for diesel fuel remains the same at 23.5 South Carolina updates Max Tax There are a couple of changes to South Carolina’s maximum tax as of December 1, 2023. The general South Carolina sales tax rate is 6% and has no cap. cents per gallon.

article thumbnail

Last Week in Payroll: The Ides of March

ThomsonReuters

Restaurant revitalization grants, shuttered venue operator grants and aviation manufacturing job protection. Increasing the earned income tax credit percentage and phase-out percentage from 7.65% to 15.3% Paycheck Protection Program (PPP) modifications allocating an additional $7.25 2021 Form 941.

payroll 98