The Washington Department of Revenue (DOR) has issued guidance regarding the taxability of sales of business assets. News & Tips Washington Releases Guidance for Calculating Tax Due on Meals Provided by Senior Living Communities Effective July 23, 2023, Washington state has revised its tax rules...
The article reports on the proposed one percent sales tax increase in Whatcom County, Washington. The one percent sales tax increase aims to increase spending for substance abuse and mental health care programs in the state, where about $2 million is expected per year. Residents of the county ...
StateGeneral Sales TaxWith Max Surtax Missouri4.225%10.85% Missouri Income Tax StateIncome Tax (Low)Income Tax (High) Missouri2%4.95% Goods & Services ItemWashingtonNational avg.Difference Haircut$21.19$24.2612.7% Beauty Salon$40.57$45.5611.0% ...
If your LLC is a retailer, you’ll be subject to a 6.5% sales tax. Most retailers remit this tax on a monthly basis to the Washington Department of Revenue. You can make these payments online. Every Washington state LLC is also required to file an annual report to the Washington ...
KPMG reports: Illinois (tax changes in budget bill); Tennessee (guidance on sales and use tax sourcing rules); Washington State (amended apportionment rule)KPMG This Week in State Tax focuses on recent state and local tax developments. Download PDF ...
Updated: November 20, 2023 Table of Contents LLC in WA: If you want to form a Washington LLC online or by mail, you need to submit the Articles of Organization with the Washington Secretary of State for $180-$200. For details, follow the 7 steps given in this article. An LLC in...
LLC income is subject to the federal self-employment tax of 15.3%. While Washington doesn’t have state income tax, there is a mandatory tax called the Business and Occupation (B&O) tax. This is 1.5% of all gross receipts. So if you make $100,000 in sales, you’ll need to pay $1...
Insights|State and Local Tax,Taxes At a glance The main takeaway:Despite the laser focus on sales tax economic nexus over the last several years, companies still need to consider their physical presence, which can be created through the activities of third-party repr...
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TIM WALZ will release his budget plans today, proposing a sales tax cut as the state prepares for the incoming Trump administration’s continued threats to impose tariffs. It would reduce the state’s sales tax by .075 percent while closing a wealth management loophole....