Taxation

Does Kansas have pass through entity tax? The law eliminates Kansas individual income tax on business income earned in pass-through entities. This includes sole proprietorships, partnerships, LLC’s taxed as partnerships, and S-corps. Read more on www.dysarttaylor.com One of the few states with a Pass Through Entity (PTE) Tax is Kansas. This tax was introduced to … Read more

Do I pay Virginia taxes if I live in DC? Work in the District of Columbia, but do not establish residency in Washington, D.C are exempt from taxation there. These Virginia residents will pay income taxes to Virginia. This applies to individual income tax only, not to the District of Columbia Unincorporated Business Franchise Tax. … Read more

Does West Virginia have local income tax? While no cities in West Virginia have a local income tax, several of them apply local City Service User Fees, which are deducted from the paychecks of people who work in those cities. Read more on smartasset.com You might be wondering if there is a local income tax … Read more

What is unique business identification number? UIN stands for Unique Identification Number, a special class of GST registration for foreign diplomatic missions and embassies that are not liable to taxes in the Indian territory. Any amount of tax (direct or indirect) collected from such bodies is refunded back to them. Read more on cleartax.in It’s … Read more

What is professional services as per Income Tax Act? Professional Services means services rendered by a person in the course of carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or advertising or such other profession as is notified by the Board for the purposes … Read more

How do I get my 1099 g in Arkansas? For questions concerning filing W-2’s, please call 501-682-7290. Visit https://atap.arkansas.gov/ to access your 1099-G online. Read more on www.dfa.arkansas.gov You might get a 1099-G form if you lived in Arkansas the previous year and got money from the government. This form details any unemployment benefits, other … Read more

How are businesses taxed in Nevada? As we mentioned earlier, there is no corporate income tax rate in Nevada. But remember, your business is still liable for federal taxes. Since the passage of the Tax Cuts and Jobs Act in December of 2017, the corporate tax rate has been changed to a flat 21%. Read … Read more

What can influencers write off? Here are some of the most common tax write-offs for influencers: Home Office Deduction. If you work from home, you’re allowed to claim a home office deduction. Advertising and Marketing. Travel Expenses. Business-Related Education. Tax advice. Office Supplies. Clothing and Beauty Products. Giveaway Prizes. Read more on www.hellobonsai.com It’s crucial … Read more

What food items are taxable in Michigan? All food items, including deli trays, purchased with food stamps are exempt from tax. (See Revenue Administrative Bulletin 1987-8.) According to MCL 205.54g, food for human consumption is exempt from sales tax, except for “”prepared food intended for immediate consumption. “” Read more on www.michigan.gov Like many other … Read more

Is EIN and tax ID the same? Your Employer Identification Number (EIN) is your federal tax ID. You need it to pay federal taxes, hire employees, open a bank account, and apply for business licenses and permits. It’s free to apply for an EIN, and you should do it right after you register your business. … Read more