If you plan to sell or transfer a vehicle in Arkansas, getting an odometer statement for the car is important. This is a document that provides a record of the current mileage on the car, and it can help protect you from fraud and other violations. Odometer statements are typically required by law in many … Read more
If you are planning to work as a contractor in Oregon, you need a state license. Not only is it illegal to work without a license, but you can also be fined. Getting a license is also a good idea because customers will be more likely to hire licensed contractors. Additionally, a license demonstrates that … Read more
Managing state exemptions can be a significant burden on nonprofit organizations. It requires a significant amount of staff time and money. The state of Virginia has a wide variety of tax exemptions for goods and services. These are designed to encourage economic development and create jobs. However, it is important to note that not all … Read more
Washington’s capital gains tax is a 7% excise tax on individual long-term capital assets above $250,000. The tax applies to individuals only. Individuals owing a tax are required to file a Washington capital gains return, along with their federal income tax return for the same taxable year. Individuals may also request a filing extension for … Read more
If you have sales tax nexus in Wyoming and sell taxable goods or services to residents, you’re required to register, collect, and remit the proper amount of state sales tax. You also need to file returns and keep detailed records. Failure to do so can result in penalties and interest charges. Some sales are exempt … Read more
When you own a business in West Virginia, there are many things that you have to do. You must market your product or service, improve it, manage employees, and deal with taxes. In addition, you must also register your business with the state and acquire licenses if necessary. Fortunately, you can find help online to … Read more
The state of Tennessee has a very favorable tax climate for retirees. Unlike most other states, it does not have an individual state income tax, and all forms of retirement income are untaxed at the state level (including Social Security benefits). Additionally, property taxes in the Volunteer State are relatively low. The only catch is … Read more
Homestead exemptions are a great way for Texas homeowners to reduce their property taxes. Those who qualify can save thousands of dollars per year. However, it is important to understand the rules and regulations of homestead exemptions before applying. This will help you avoid any surprises down the road. A homestead exemption is a tax … Read more
The New Jersey Homestead Benefit Program provides property tax relief to qualified homeowners and tenants. The credits/rebates are based on your household’s gross income and the amount of your local property taxes paid. Generally, your household’s total gross income cannot exceed certain limits. To qualify for a homestead credit/rebate, you must own and occupy your … Read more
Whether you are going through a divorce or you and your partner have ended your relationship, both parents have an obligation to financially support their children. This financial responsibility does not end with the end of a marriage or partnership and continues until the child reaches the age of majority or becomes emancipated. Delaware’s Division … Read more