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Sales tax and accounting services

TaxConnex

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.

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The accountant’s guide to state taxes on retirement income

ThomsonReuters

In addition to state income taxes, retirees should consider other state-level taxes, such as property taxes , sales taxes , and estate taxes , which can further impact their overall tax liability. Like Florida, Nevada does not impose state income taxes, offering retirees significant tax savings.