Washington State and S Corporations: What You Need to Know

Does Washington recognize S corporations? Washington does not recognize the federal S corporation election and does not require a state-level S corporation election. You can still have an S corporation in Washington. The S corporation will only be an S corporation for federal tax purposes and not for state tax purposes. Read more on www.wolterskluwer.com … Read more

Sales Tax in CA: Understanding the California Sales Tax

How much is sales tax in CA? The statewide tax rate is 7.25%. In most areas of California, local jurisdictions have added district taxes that increase the tax owed by a seller. Those district tax rates range from 0.10% to 1.00%. Some areas may have more than one district tax in effect. Read more on … Read more

Is Food Taxed in Virginia?

Is food taxed in Virginia? 2.5% Sales Tax Rate for Food and Personal Hygiene Products. Sales of food for home consumption are taxed at the reduced rate of 2.5% throughout Virginia. Beginning, certain essential personal hygiene products will also be taxed at the lower rate. Read more on www.tax.virginia.gov Food is typically subject to Virginia’s … Read more

Understanding New Mexico Corporate Tax Rates and Starting a Business

What is New Mexico corporate tax rate? Federal corporate income tax (CIT. The federal CIT rate is 30%. All corporate entities, including associations of a civil nature, branches, etc., are subject to the tax rules applicable to Mexican corporations (unless specifically ruled out, such as not-for-profit organisations). Read more on taxsummaries.pwc.com With its expanding economy … Read more

What County in Ohio has the Cheapest Sales Tax?

What county in Ohio has the cheapest sales tax? The state gets 5.75 percent, which is the rate for all counties. Butler County, along with Stark and Wayne counties, share the state’s lowest retail sales tax rate, 6.5 percent. Read more on www.daytondailynews.com Ohio is renowned for having a distinctive tax system that combines income, … Read more

Wyoming Self Employment Tax and Other Business Considerations

Does Wyoming have self employment tax? The current self-employment tax rate is 15.3 percent. Read more on www.incfile.com Wyoming is a desirable state for business owners wishing to launch a venture. However, it’s crucial to take into account the state’s self-employment tax regulations as well as other elements that may affect your business’s performance before … Read more

Who Must File Form 568?

Who Must File form 568? LLC Form 568 must be filed by every LLC that is not taxable as a corporation if any of the following apply: The LLC is doing business in California. The LLC is organized in California. The LLC is organized in another state or foreign country, but registered with the California … Read more

Can I Claim the VAT Back on a Boat?

Can I claim the VAT back on a boat? In short, yes it can. If a boat is exported or sold outside of the EU it can lose its VAT paid status. If it imported outside of the EU and brought back more than three years later, with a different owner, or having undergone a … Read more

Glendale Wisconsin Sales Tax: Everything You Need to Know

What is the sales tax in Glendale Wisconsin? The current total local sales tax rate in Glendale, WI is 5.500%. Sales Tax Breakdown. District Rate Wisconsin State 5.000% Monroe County 0.500% Glendale 0.000% Total 5.500% 1 more row Read more on www.sale-tax.com In order to avoid any unpleasant surprises at the checkout counter, it is … Read more