Taxation

What is the sales tax in Erie County NY? 8.75% The minimum combined 2022 sales tax rate for Erie County, New York is 8.75%. This is the total of state and county sales tax rates. The New York state sales tax rate is currently 4%. The Erie County sales tax rate is 4.75%. Read more … Read more

Does Arkansas have franchise tax? Arkansas LLC Franchise Tax is a “”privilege tax””. Meaning, it’s a flat-rate tax of $150 per year for the privilege to do business in the state. The purpose of the tax is to generate revenue for the State of Arkansas. Read more on www.llcuniversity.com Corporations and limited liability companies (LLCs) … Read more

Are digital goods taxable in Colorado? Colorado defines “”digital goods”” as taxable tangible personal property, regardless of the means of delivery. On, Colorado’s Governor signed legislation adding “”digital goods”” to the statutory definition of “”tangible personal property”” subject to sales and use tax. HB 21-1312 (Effective). Read more on www.stateandlocaltax.com The issue of whether digital … Read more

Can you use TurboTax for multi-member LLC? Yes. You must purchase, install and use TurboTax Business. Read more on ttlc.intuit.com Limited liability companies (LLCs) with many members are a common corporate form for many small firms. They combine the adaptability of a partnership with a corporation’s liability protection. However, because a multi-member LLC has several … Read more

Does Idaho have online sales tax? A new Idaho law went into effect on that affects online retailers and marketplace facilitators. According to this new legislation, retailers without a physical presence in Idaho must collect and remit sales tax when they reach the threshold of $100,000 in Idaho sales during the current or previous year. … Read more

Do LLCs pay taxes in Nevada? Nevada is one of only a very few states that does not have a personal income tax or a corporation income tax. Consequently, for most LLCs, including those that may have elected to be taxed as corporations, no state income taxes are due. Read more on www.nolo.com Due to … Read more

Is a boat listed property? Here’s a list of assets that generally qualify as listed property: Passenger vehicles, airplanes, boats and other vehicles used for transportation. Computers and other office-related equipment. Read more on www.investopedia.com For millennia, people have used boats as a means of transportation and entertainment. Many boat owners, however, might not be … Read more

Does S corp pay federal taxes? S corp shareholders report income, gains, and losses from the corporation on their individual tax returns, and pay taxes at their ordinary income tax rates. Since the money comes to them free of corporate tax, o they avoid double taxation on any income or earnings. Read more on www.investopedia.com … Read more

Do nonprofits have VAT numbers? Charities are not VAT exempt. Just like non-charitable organisations, a charity must register for VAT with HMRC if its VATable sales are over the VAT threshold. You can find out more about registering in our guide on how to register for VAT. Read more on www.freeagent.com Organizations classified as nonprofits … Read more

How much is self employment tax in Missouri? The current self-employment tax rate is 15.3 percent. You’ll be able to deduct some of your business expenses from your income when calculating how much self-employment tax you owe. Read more on www.incfile.com Self-employed people must pay self-employment tax to offset Social Security and Medicare costs. The … Read more