Sales taxes are complex even if you run a small local store. The best way to look at it is you’re collecting taxes on behalf of the state. The amount received in sales tax isn’t your money and you’ll be required to pass it on. Invest in a modern online accounting system. They ...
Losses for lenders are about 15 percent lower on the sales than on foreclosures, which can take years to complete while taxes and legal, maintenance and other costs accumulate, according to Moody’s. The deals accounted for 33 percent of financially distressed transactions in November, up from 2...
Wisconsin has a conservative fiscal policy and experienced thelowest state and local tax burden in 50 yearsin 2022, according to a report by the Wisconsin Policy Forum. Lower taxes keep the state more affordable for residents and businesses. According to the Energy Information Administration, Wiscons...
Carl Cook is CEO of Cook Group, a medical device manufacturer started by Cook's parents in 1963. Cook inherited the bulk of the family fortune in stock transfers over a 15-year period, avoiding estate taxes. Cook is famously private, owing in part to his mother's 1989 two-day kidnapping...
decade high based on Census Bureau data. Even as unemployment and poverty remain relatively low, the rich have gotten richer, the gap has widened, and median household income hasn’t changed in 20 years adjusting for inflation. Both Sanders and Warren have proposed high taxes on the super...
MORE: Federal probe into Hunter Biden's taxes intensifies, sources say "Typically, wherever a protectee sets up their residence, the Secret Service is forced to find someplace to rent nearby at market value," Mihalek said, noting that the agency is also renting out properties to protect Pre...
As an added benefit, Utah also allows residents to deduct a portion of their 529 contributions on their state income taxes as long as the account was set up before the beneficiary turned 19. Utah’s my529 is attractive for those that live outside the state, too. Morningstar, an investme...
They make certain that all financial and tax records are accurate, and that local, state and federal taxes are paid in full and on time. Accountants also are responsible for assessing an organization’s financial operations and ensure that the entity is run in an efficient manner from a ...