Tax Resources for Accountants and Small Businesses (U.S.)
IRS Publication 946 What’s New for 2020 Section 179 deduction dollar limits. For tax years beginning in 2020, the maximum section 179 expense deduction is $1,040,000 ($1,075,000 for qualified enterprise zone property). This limit...
A1. U.S. citizens and U.S. resident aliens will receive the Economic Impact Payment of $1,200 for individual or head of household filers, and $2,400 for married filing jointly if they are not a dependent...
California California City & County Sales & Use Tax Rates – CDTFA California City & County Sales & Use Tax Rates Washington Sales & use tax rates Tools Tool for looking sales...
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Tax departments and their webistes by state. State Tax Department Website Alaska Department of Revenue Tax Division Website Alaska Department of Revenue Department of Revenue Alabama Department of Revenue Department of Revenue Arkansas Department...
The Treasury Department and the IRS are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 outbreak. The 2019 income tax filing and payment deadlines for all...
Small and midsize employers can soon begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees....
Employee’s Withholding Certificate Form W-4 (PDF) FAQs on the Form W-4 Give Form W-4 to your employer. Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay....
Delay the April 15 tax payment deadline by 90 days Treasury Secretary Steven Mnuchin: Now, let me just be clear on the specifics: We encourage those Americans who can file their taxes to continue...
The Franchise Tax Board (FTB) announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments until...
The WARN Act applies to private businesses with 50 or more full time workers in New York State. It covers: Closings affecting 25 or more workers Mass layoffs involving 25 or more full-time workers...
Minimum Wage Act The Minimum Wage Act (Article 19 of the New York State Labor Law) requires that all employees in New York State receive at least the applicable hourly Minimum Wage rate. This...
Can an employee use California Paid Sick Leave due to COVID-19 illness? Yes. If the employee has paid sick leave available, the employer must provide such leave and compensate the employee under California paid...
For the period of Oct. 1, 2019 – Dec. 31, 2020, the single local tax rate will be 1.75 percent. Going forward, the Comptroller will compute the single local tax rate and publish it...
PA e-File You can use traditional personal income tax forms or e-filing your PA Personal Income Tax Return with myPATH or E-file for free E-file is a free option to file your federal and...
The tax rate for sales tax and for use tax is the same. The Texas state sales and use tax is 6.25 percent, but local taxing jurisdictions (cities, counties, special purpose districts and transit...
Alaska – The State of Alaska does not have an individual income tax, therefore no employee withholding for state income tax is required. Florida – no personal income tax Nevada – has no individual...
Definition of small business Small business size regulations Size standards tool Size standards that define small business How size standards are determined Size protest and NAICS code appeals Small business size standards matched to...
Enter the six-digit code on page 1, item B. Also enter the business activity on page 2, Schedule B, line 2(a) and a brief description of the principal product or service of the business...
Codes for the Principal Business or Professional Activity classify sole proprietorships by the type of activity they are engaged in to facilitate the administration of the Internal Revenue Code. These six-digit codes are based...