Whether you’re an established small business owner or an aspiring entrepreneur, you need to know which business taxes to expect and how they work. The state of Washington levies several different types of taxes, including the business and occupation (B&O) tax, retail sales tax, use tax, and public utility tax. The Department of Revenue, or … Read more
Texas does not have a state income tax, so there is no “Where’s My Refund: Texas” service for individual income tax returns like you would find in states that do levy this tax. This means that residents of Texas do not file state income tax returns, and consequently, there are no state income tax refunds … Read more
Choosing to form a Virginia S corporation is an important decision for small businesses. It may save them taxes, but the process is complex. High-quality filing services can help them avoid costly mistakes and complete the required forms quickly. They can also ensure that they comply with state requirements and accomplish federal obligations. Before making … Read more
The West Virginia State Treasurer’s e-Government Services Program provides an electronic payment system for goods and services offered by many state agencies and local governments. This service saves the state time and money while making it easier for individuals to do business with the state. This online payment system accepts credit cards and electronic fund … Read more
Virginia has several taxes and fees that apply to businesses. Corporations pay a state business tax based on their gross taxable revenue. This tax is similar to the Virginia personal income tax, and corporations are allowed certain deductions, such as wages paid, cost of goods sold, and other qualifying expenses. Virginia corporate income tax has … Read more
Connecticut residents and nonresidents, including partial-year residents, who earn income within the state must file a state tax return. Generally, those who are due a refund will receive that money through direct deposit to their bank account, on a reloadable debit card, or via paper check. The Department of Revenue Services (DRS) provides an online … Read more
Federal tax refunds are typically issued within 21 days of electronic filing and less than one week for paper returns. However, state tax returns operate a bit differently. The Delaware Division of Revenue requires that returns be thoroughly reviewed before a refund is approved and disbursed, which can lead to delays in processing. The Division … Read more
If your business sells taxable goods or services in South Dakota, you must register and collect sales tax from your customers. You must also file returns and remit the tax to the state. Failure to do so can result in hefty penalties and interest. To determine if you need to collect South Dakota Sales Tax, … Read more
Unlike most states, Texas does not have an individual state income tax. However, the state does have a variety of other taxes that are important to consider when determining your overall tax burden. These include sales and use taxes, franchise tax, property taxes and local taxes like hotel occupancy and mixed beverage taxes. Texas has … Read more
South Dakota doesn’t charge state income tax but has other consumer and business taxes. For example, it imposes a sales tax, and local governments may tack on additional sales taxes. South Dakota’s average combined sales tax rate is 6.40%. In addition, it charges a reemployment assistance tax and other industry-specific taxes. The state also has … Read more