Taxation

How do I get a PA tax ID? The registration is done by filing form PA-100 with PDOR. You can get an EIN/TIN by mail, fax, or through the online application form on the IRS’s website. It takes four days to get an EIN by fax, four weeks by mail, and around 15 minutes when … Read more

How much is vehicle tax in Alabama? Alabama collects a 2% state sales tax rate on the purchase of vehicles, which includes off-road motorcycles and ATVs. Including city and county vehicle sales taxes, the total sales tax due will be between 3.375% and 4% of the vehicle’s purchase price. Read more on www.salestaxhandbook.com In Alabama, … Read more

In recent years, Limited Liability Companies (LLCs), particularly in the US, have grown in popularity. LLCs give business owners a flexible and tax-effective framework for operating their enterprise. On the other hand, many business owners are unsure of how creating an LLC may affect their taxes. Whether or not an LLC can submit a consolidated … Read more

Do landscapers charge sales tax in CT? Landscaping services rendered to new construction, residential real estate, and industrial, commercial or income-producing property are subject to sales and use tax. However, excavating and grading services which are performed as an integral part of landscaping jobs are taxable. Read more on portal.ct.gov The issue of sales tax … Read more

Do S corps pay tax in NJ? S corporations generally don’t make direct payments of New Jersey Income Taxes. Instead, the corporation’s earnings or losses are divided among and passed through to the corporation’s shareholders. Shareholders are responsible for paying any tax owed. Read more on www.state.nj.us S companies, usually referred to as S corps, … Read more

What is the difference between residency and domicile? What’s the Difference between Residency and Domicile? Residency is where one chooses to live. Domicile is more permanent and is essentially somebody’s home base. Once you move into a home and take steps to establish your domicile in one state, that state becomes your tax home. Read … Read more

Will a CPA save me money on taxes? There is so much a good CPA can do to increase your refund or have a more strategic tax return.”” A CPA might charge close to $400 for a return, or a few times the cost of an RTRP, but in some cases spending more might be … Read more

Is a joint venture a partnership for tax purposes? For federal income tax purposes, an unincorporated joint venture or other contractual or co-ownership arrangement under which several participants conduct a business or investment activity and split the profits is generally treated as a partnership. Read more on www.grfcpa.com Partnerships and joint ventures are two separate … Read more

Do antique dealers pay tax? Dealers are taxed on their business profits from buying and selling antiques. However, depending on the circumstances involved, the Inland Revenue sometimes argue that occasional transactions (or even a single one) represents a trade of antique dealing. Read more on www.taxationweb.co.uk Like any other type of business, antique dealers must … Read more

What is the GE tax rate on Hawaii Island? As of the 2020 update, for most businesses in Hawaii the General Excise Tax rate is 4%. On Oahu, Kauai, and the Big Island there is a 0.5% surcharge. Sounds simple enough, but if you simply add these rates to your sales you will still end … Read more