Taxation

Does Massachusetts charge sales tax on clothing? Clothing is generally exempt from the sales tax. However, any individual clothing item that costs more than $175 is taxable on the amount it goes over $175. Thus, the tax on a $200 suit would be $1.56 (which is 6.25% of the taxable $25 difference). Read more on … Read more

Is nursery exempt from GST? As per the provision of GST law, there is no specific exemption with respect to development and maintenance of nursery. The law also does not provide for any specific exemption for Horticulture services/activities. Read more on taxguru.in In India, a comprehensive tax known as the products and Services Tax (GST) … Read more

Can you get a tax refund if you own your own business? Generally, C-corporations are the only type of business entity eligible for a tax refund. Your business also might receive a tax refund if it overpays on payroll or sales taxes. Read more on www.nerdwallet.com Although running a business can be an enjoyable and … Read more

Does Michigan have a single business tax? Michigan’s single business tax (SBT) is a value-added tax (VAT), and the only major tax of its kind in the United States. For this reason, the SBT is perhaps the least well understood of the major taxes levied in Michigan. Read more on www.house.mi.gov One of the states … Read more

Can you write off hair expenses? Hair care and haircuts. Similar to makeup costs, hair care expenses only qualify as a tax deduction when they are specifically for work-related photoshoots or shows. If you order your products from a professional supplier and only use them for performances or shoots, then you can claim the deduction. … Read more

What is the sales tax rate for Larimer County Colorado? .8% County Information. The current sales and use tax rate for Larimer County is . 8%. Read more on www.larimer.org Colorado’s northern region is where Larimer County is located. Fort Collins, Loveland, and Greeley, three of the state’s most populous cities, are located in the … Read more

Do you pay sales tax on a house in Indiana? Indiana capps property tax rates at 1% of the value for residential property, 2% of the value for rental property and farmland, and 3% of the value for all other types. Read more on listwithclever.com While Indiana levies a sales tax on a variety of … Read more

Do I need to register my sole proprietorship with the IRS? A sole proprietorship is a one-person business that, unlike corporations and limited liability companies (LLCs), doesn’t even have to be registered with the state in order to exist. There were more than 22.6 million sole proprietorships in the U.S. in 2008, according to the … Read more

Are digital subscriptions taxable in Wyoming? In the state of Wyoming, any digital products are considered to be taxable when they are sold to an end user with the rights for permanent use. Read more on www.salestaxhandbook.com With the growth of e-commerce and the rising popularity of digital subscriptions, it’s critical to comprehend the tax … Read more

What does an EIN number look like? The Employer Identification Number (EIN) serves as a business’s Social Security number. You need it to file business taxes on a business tax form. Like a Social Security number, the EIN number is nine digits long and assigned by the federal government. The typical format is XX-XXXXXXX. Read … Read more