ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. New Mexico. per hour for employees without. .

payroll 72

payroll Virginia Utah West Virginia 72

CPA Practice

MARCH 21, 2024

Property tax compliance can be just as puzzling, and getting it right in some states can be more complex than in others. This blog post sheds light on what makes personal property tax compliance in certain states particularly tricky. This helps explain why many companies find property tax compliance time-consuming.

Rhode Island 119

Rhode Island Tax Arizona South Carolina 119

TaxConnex

OCTOBER 3, 2023

There’s always something changing in the world of tax, especially sales tax. billion in tax revenue on sales tax holidays that offer breaks on such goods as back-to-school or disaster-preparedness items. The other prevalent argument is that sales tax holidays are a way of giving tax relief. “The

Sales 147

Sales Louisiana Tax Tennessee 147

ThomsonReuters

JUNE 15, 2022

In the middle of a busy legislative season, several states have made important changes in their tax code that practitioners across the nation will want to be aware of in order to service clients who may have multistate needs. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. Florida Sales Tax Holiday.

Rhode Island 105

Rhode Island Delaware Oklahoma Tax 105

TaxConnex

AUGUST 9, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Several states tinkered with their sales tax exemptions this summer. Holiday hucksterism? Free for all.

Sales 130

Sales Louisiana Tax Iowa 130

ThomsonReuters

MARCH 15, 2021

March 15 used to be a day some might beware of for tax reasons because from 1918 to 1954 this date was the income tax filing deadline. Increasing the earned income tax credit percentage and phase-out percentage from 7.65% to 15.3% IRS tax tip on repayment of deferred Social Security taxes. In the U.S.,

payroll 98

payroll Connecticut Massachusetts income tax 98

ThomsonReuters

OCTOBER 6, 2021

State income tax is a direct tax on business income you’ve earned in a state. This can make calculating state income tax complex, particularly if you do business in multiple states. What is apportionment in taxes? tax differ in that allocation covers non-business income, while apportionment covers business income.

income tax 52

income tax Tax payroll Massachusetts 52

CPA Practice

NOVEMBER 7, 2023

on Tuesday, Treasury Secretary Janet Yellen laid out goals for the 2024 tax filing season, spoke about improvements the IRS has made over the last year since the Inflation Reduction Act was enacted, and responded to House Republicans’ recently passed $14.3 billion Israel aid bill that would be paid for by slashing funds for the tax agency.

Tax 111

Tax New Mexico Start-ups Government 111