State and Local Taxes

Business taxes account for 44.9% of all state and local taxes.

Many companies know the cure for the payroll blues (implementing the right technology), but now there's also a cure for the sale tax blues. Watch and learn, then take a look at the automated sales tax solutions from Avalara.

The first thing you should do NOW, and the one thing you should not do, at least not yet.

Accounting professionals who specialize in helping their small business clients stay compliant with State and Local Taxes (SALT), often need spcific informaiton that may behard to find. Here’s a brief list of websites that can provide useful tools and information for these professionals: SBA: Learn about your state and local tax obligations:http://www.sba.gov/content/learn-about-your-state-and-local-tax-obligations NOLO – 50-State […]

Earlier this year, the Texas state legislature voted to create a sales tax holiday that will coincide with the back-to-school time frame. The state has had a back-to-school sales tax holiday each year since 1999.

As a part of CPA Practice Advisor's ongoing series, "A Year in the Life of a SALT Accountant," Dallas-based Peisner Johnson LLP offered some key advice to accountants and their small business clients when it comes to activities that can cause them to be exposed to unexpected sales and use taxes in jurisdictions where they may think they are not required to report.

On January 28, 2013, the Maryland Court of Appeals found an important element of the Maryland income tax unconstitutional. The controversy surrounds the state’s disallowance of credits against the Maryland county-level income tax for taxpayers who pay income tax to other states. The US Supreme Court has agreed to hear the state Comptroller’s appeal in its next term. The Case was Maryland State Comptroller of the Treasury v. Wynne, No. 107.

Sales and use tax is a key source of government funding in most states. Unlike property tax and state income tax, however, the legislators and regulators have adopted a patchwork of different rules which affect the taxability of the items. In addition to dealing with statewide tax rates in 45 states, 38 states levy sales taxes based on the borders of cities, counties, and special districts.