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Accounting Students from University of Nebraska Win 2024 Deloite FanTAXtic Competition

CPA Practice

A team of students from University of Nebraska , Lincoln, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case. After all, the success of any organization lies in its people, their skills and their passion.

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Nebraska State Tax Updates

Withum

For the latest news and updates on Nebraska state and local tax. Nebraska Implements Corporate Income Tax Rate Reductions. 873 which reduces Nebraska’s corporate income tax rate over the next five years. Nebraska Update on Extension of Filing Deadline. The post Nebraska State Tax Updates appeared first on Withum.

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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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State Pass-Through Entity Tax Updates: September 2023

Cherry Bekaert

Nebraska On August 30, 2023, the Nebraska Department of Revenue released guidance on the state’s PTE Tax , recently enacted in May. House Bill 1668 revised the state’s initial PTE Tax legislation, updating the method by which a pass-through entity elects the PTE Tax and how tax credits generated by the entity pass to its owners.

Minnesota 101
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How the 50 States Rank By Lifetime Taxes

CPA Practice

Nebraska $1,441,423 $546,354 37.9% The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3%

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Loopholes and other odd sales tax rules, part 2

TaxConnex

Almost half the states have stopped sales tax on diapers, but these baby products still, despite frequent efforts at repeal, incur sales tax in Maine, Ohio, Michigan, New Mexico, Nebraska, Washington and Nevada. Playing dress-up Clothing is taxable in most states and the District of Columbia.

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Are Digital Ad Taxes Spreading?

TaxConnex

Montana and West Virginia are considering one ; Nebraska lawmakers shelved such a proposal last year. Full of legal holes or not, will laws similar to Maryland’s mushroom in other states? Generally, digital products are “intangible” and sent to your customers electronically.