Idaho Pass-Through Entity Tax
https://www.zrivo.com/idaho-pass-through-entity-tax
#Business #StateandLocalTaxes #StateIncomeTax #zrivo
Companies may be responsible for many different state and local business taxes. So, it’s important to know what the Idaho Pass-Through Entity Tax is and how it affects your company. The State Tax Commission (STC) website is a great resource to help you understand your company’s state and local tax obligations. In 2021 the Idaho legislature passed a law to create a workaround for the $10,000 limit on deducting state and local income taxes by pass through entities. This law allows eligible pass-through entities to elect to pay Idaho income tax at the entity level, which is then credited to …
https://www.zrivo.com/idaho-pass-through-entity-tax
Texas Car Sales Tax
https://www.zrivo.com/texas-car-sales-tax
#SalesTax #StateandLocalTaxes #zrivo
The state of Texas has a car sales tax that is applied to every vehicle purchase. This tax varies by county and city, but generally, it is about 6.25% of the final price. This tax is in addition to any local or county taxes that are collected on the vehicle. In many cases, dealers will offer manufacturer rebates and cash rewards on top of the asking price of a new vehicle. The sales tax calculation often includes these and must be subtracted from the asking price to arrive at the true sales value. For private-party purchases or vehicles brought into …
https://www.zrivo.com/texas-car-sales-tax
KanCare: Kansas Medicaid Program
https://www.zrivo.com/kancare-kansas-medicaid-program
#Insurance #Medicare #zrivo
KanCare is funded by both the federal government and the state of Kansas. It covers medically necessary services, including doctor visits, hospital stays, prescriptions, and other treatments. You might be eligible if you are: Managed care organizations (MCOs):  KanCare beneficiaries choose a health plan from one of three MCOs that coordinate their care. The MCOs are: How to Apply for KanCare? When applying for Kansas Medicaid / KanCare, it is important to ensure that you have all of the necessary information before beginning the application process. The first step is to visit the official website of the Kansas Department of Health …
https://www.zrivo.com/kancare-kansas-medicaid-program
Massachusetts Passes the Work and Family Mobility Act
https://www.zrivo.com/massachusetts-passes-the-work-and-family-mobility-act
#Business #zrivo
For years, immigrants in Massachusetts who do not have legal status have been unable to obtain a driver’s license. This serious restriction prevents individuals from getting to their jobs, taking children to school, going to the grocery store or doctor’s appointment, and all activities requiring car access. A new law that went into effect on July 1, 2023, known as Work and Family Mobility Act, will allow individuals without status to apply for a standard Massachusetts drivers’ license. This law, which is part of the Driving Families Forward coalition — a broad-based, 270+ organization coalition that includes social justice and …
https://www.zrivo.com/massachusetts-passes-the-work-and-family-mobility-act
How to Renew My Driver's License in Kansas?
https://www.zrivo.com/how-to-renew-my-drivers-license-in-kansas
#Business #zrivo
If you’re a resident of Kansas, you must renew your driver’s license every six years. This is a requirement of the state to ensure that drivers remain well-acquainted with driving rules and regulations. You can either renew online or in person. You must meet a few requirements to do so, including proof of identity and residency. In addition, you must pass a vision test. You’ll need proof of your identity, including your date of birth and name. You’ll also need to provide a document that shows your Kansas residency and address. This can be your current driver’s license or a …
https://www.zrivo.com/how-to-renew-my-drivers-license-in-kansas
Kentucky Resale Certificate
https://www.zrivo.com/kentucky-resale-certificate
#SalesTax #StateandLocalTaxes #zrivo
You can use a Kentucky resale certificate to buy goods or materials tax-free if you plan to resell them or use them as parts of products you will sell or lease. However, you must keep your resale certificates on file with each vendor you purchase from. You will be responsible for the applicable sales taxes if you are audited and can’t produce a valid certificate. In most states, you must have a valid sales tax permit or resale certificate to purchase items for resale. The specific rules vary from state to state. You will generally need to fill out a …
https://www.zrivo.com/kentucky-resale-certificate
Nevada Medicaid Guide
https://www.zrivo.com/nevada-medicaid-guide
#HealthInsurance #Insurance #Medicare #zrivo
Nevada Medicaid is a health insurance program that helps low-income people pay for medical care. It is available to Nevada residents who fit into an eligibility group recognized by state and federal law. There are many benefits available for Medicaid enrollees in Nevada. These include basic medical coverage, dental care, and eyeglasses. Some plans even offer additional rewards for healthy habits like regular check-ups, screenings, and weight management programs. In addition to medical care, some Medicaid plans in Nevada offer behavioral health services. These can include therapists and counselors who provide treatment for mood disorders, addiction, and other mental illnesses. …
https://www.zrivo.com/nevada-medicaid-guide
Montana State Income Tax
https://www.zrivo.com/montana-state-income-tax
#StateandLocalTaxes #StateIncomeTax #zrivo
The state of Montana requires employers to withhold and remit state income tax on wages paid to employees. This is in addition to the federal withholding taxes that must be deducted. In order to make payments, Montana employers must register with the Department of Revenue and the Department of Labor and Industry. The Department of Revenue collects personal and business taxes, such as individual income tax, corporate income tax, mineral royalty withholding, and alcoholic beverage tax. It also administers the cigarette excise tax and oversees property assessment and appraisal. The state is one of the few that does not levy …
https://www.zrivo.com/montana-state-income-tax
Montana Pass-Through Entity Tax
https://www.zrivo.com/montana-pass-through-entity-tax
#Business #StateandLocalTaxes #zrivo
The Montana Department of Revenue released a guide on the new pass-through entity tax (PTET) for partnership and S corporations. This elective tax is paid by the PTE on its owners’ distributive share of Montana-sourced income. It is a replacement for composite and withholding taxes. Montana’s PTET rate is 6.75%. In addition to the PTET, Montana has a 3% earned income credit for low-income taxpayers. The credit is refundable and can be used to offset federal income tax liability. Montana’s PTET is effective for taxable years beginning on or after January 1, 2023. The PTET must be made annually (guidance …
https://www.zrivo.com/montana-pass-through-entity-tax
How to Get a Sales Tax Permit in Missouri?
https://www.zrivo.com/how-to-get-a-sales-tax-permit-in-missouri
#SalesTax #StateandLocalTaxes #zrivo
If you’re starting a business in Missouri, you’ll likely need to obtain at least one, if not a few, different types of state business licenses and permits. The most common is the sales tax permit, or seller’s permit. You can apply online through the Department of Revenue website or submit a Missouri Tax Registration Application (Form 2643). A permit is required when you have nexus in the state and sell taxable goods or services to Missouri residents. You must register and collect and remit the appropriate amount of sales tax on all taxable purchases, unless you are exempt. Failing to …
https://www.zrivo.com/how-to-get-a-sales-tax-permit-in-missouri
Nevada Business Registration
https://www.zrivo.com/nevada-business-registration
#Business #zrivo
Nevada business registration is a requirement for all entities that want to conduct a commercial enterprise in the state. It involves selecting an apt business name and a suitable legal framework and submitting all required paperwork to the State Secretary’s office. It’s important to scrupulously comply with all registration mandates in order to avoid potential financial and legal consequences. In Nevada, several different business structures are available, including corporations, limited liability companies (LLCs), and sole proprietorships. Each has its own unique advantages and disadvantages, and it is essential to understand each of these before deciding on the right one for …
https://www.zrivo.com/nevada-business-registration
How to Renew Your Maine Driver's License
https://www.zrivo.com/how-to-renew-your-maine-drivers-license
#Business #Finance #zrivo
You can renew your Maine Driver’s license online, by mail, or in person. To do so, you will need to bring proof of your identity, a completed application, and payment of fees. You will also need to pass a vision test, if you are over 40 or 62. You must also have a valid inspection sticker on your vehicle. This can be obtained by passing a safety inspection at an official state-licensed inspection station. You can find one near you by using this list. If you are upgrading to a Real ID driver’s license, you must renew it in person …
https://www.zrivo.com/how-to-renew-your-maine-drivers-license
Utah 529 Plans
https://www.zrivo.com/utah-529-plans
#StateandLocalTaxes #zrivo
Utah 529 plans are a great way to save for college. They offer different investment options and low fees and are available to everyone. These programs are designed to make college more affordable by making saving easier. However, you should be aware that there are certain rules that apply when investing in a Utah 529 plan. In particular, the assets in a 529 plan are treated differently when it comes to financial aid. This is because they belong to the parent and not to the student. As a result, they will not disqualify a student from receiving federal financial aid. …
https://www.zrivo.com/utah-529-plans
Nebraska Sales Tax Exempt For Repair Parts For Farm Equipment
https://www.zrivo.com/nebraska-sales-tax-exempt-for-repair-parts-for-farm-equipment
#SalesTax #StateandLocalTaxes #zrivo
Farmers and ranchers often make retail sales of the products they produce. In addition, they may also provide taxable services, such as welding or well drilling. Those who sell tangible personal property or taxable services must register to collect and remit state and local sales taxes (see How to Register, herein). Tangible personal property is defined as an item with a monetary value that can be moved from one place to another. Examples include farm machinery and equipment, livestock, tools and hand tools, grain, feed, fencing, pipe, and seed. In addition, agribusinesses often purchase taxable repair and maintenance items, such …
https://www.zrivo.com/nebraska-sales-tax-exempt-for-repair-parts-for-farm-equipment
Nevada S Corporation Taxes
https://www.zrivo.com/nevada-s-corporation-taxes
#Business #StateandLocalTaxes #StateDeductions #StateIncomeTax #zrivo
When you form an S corporation, it’s important to understand how Nevada treats this entity for tax purposes. If you’re not sure, consult with your tax advisor or contact the state’s income tax agency to learn about the filing requirements and what taxes your business must pay. You must also consider the IRS’s S corporation salary rules, which require owners to pay themselves a reasonable salary that meets industry standards. You must run payroll and file employment taxes every quarter. You may need to make estimated tax payments as well. Other state taxes that you must pay include the modified …
https://www.zrivo.com/nevada-s-corporation-taxes
Vermont Medical Expense Deduction
https://www.zrivo.com/vermont-medical-expense-deduction
#Medicare #StateandLocalTaxes #StateDeductions #zrivo
Many Vermonters are learning that the new federal tax reform eliminated a deduction for medical expenses. The Vermont Medical Expense Deduction is a big change for some people who itemize their taxes. Previously, they could deduct the cost of their health insurance and some other medical expenses. This deduction was removed as part of the 2017 tax reform bill passed by Congress and signed into law. CPAs around the state are seeing Vermonters who were previously eligible for this deduction now have to pay more tax. Some medical expenses that may qualify for the Vermont deduction include transportation costs to …
https://www.zrivo.com/vermont-medical-expense-deduction
West Virginia Property Taxes
https://www.zrivo.com/west-virginia-property-taxes
#PropertyTaxes #StateandLocalTaxes #zrivo
As a property owner in West Virginia, it’s important to be aware of the state’s unique property tax laws and deadlines. For example, West Virginia property taxes are due semi-annually, with the first half payable by September 1 and the second half payable by March 1. In addition, the state imposes a 9% interest rate on late payments, which underscores the importance of keeping up with tax obligations. Property owners in the Mountain State are also required to file a report with their county assessor by November 1, which provides the information needed to calculate their tax levies for the …
https://www.zrivo.com/west-virginia-property-taxes
New Hampshire Room and Meals Tax
https://www.zrivo.com/new-hampshire-room-and-meals-tax
#StateandLocalTaxes #zrivo
The New Hampshire Room and Meals Tax is a 8.5 percent tax on restaurant meals and other prepared foods sold for consumption off-premises, hotel rooms and other room rentals, and motor vehicle rental services. Revenues from this tax are considered a proxy for tourism activity. Room and Meals Tax revenues are a significant part of the State’s tax base. In FY 1990, this tax along with the Business Profits Tax and the tobacco product tax accounted for almost half of all state tax revenues. As tourism has become more popular and affordable, many people have begun to rent out their homes on short-term basis, either as whole houses or individual …
https://www.zrivo.com/new-hampshire-room-and-meals-tax
Missouri Driver's License Renewal
https://www.zrivo.com/missouri-drivers-license-renewal
#Finance #zrivo
The Missouri Department of Revenue offers many ways to save time at the DOR office by making certain appointments. This includes online services, driver’s license renewals, and vehicle registrations. You can also book an appointment at a specific driver examination station. This will shorten the time that you spend waiting for your test. There are some important things you should keep in mind when renewing your Missouri driver’s license. One of the most important is that you must renew before your current license expires. The Department of Revenue will send you a renewal notice, but it may not arrive until …
https://www.zrivo.com/missouri-drivers-license-renewal
Missouri Sales Tax
https://www.zrivo.com/missouri-sales-tax
#SalesTax #StateandLocalTaxes #zrivo
If you conduct business in Missouri, it’s important to understand the state’s sales tax regulations. There are several types of sales taxes, including the state’s 4.225% sales tax and local taxes that vary by district, county and city. If you have nexus in the state, you must register with the Department of Revenue and charge sales tax on your taxable sales. Once registered, you’ll be assigned a filing frequency—typically monthly, quarterly or annually—based on your volume of sales. If you have affiliate nexus in the state, you may be required to file more frequently than businesses without affiliates. To avoid …
https://www.zrivo.com/missouri-sales-tax