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The 10 highest income tax states for 2018 are: California 13.3% Hawaii 11% Oregon 9.9% Minnesota 9.85% Iowa 8.98% New Jersey 8.97% Vermont 8.95% District of Columbia 8.95% New York 8.82% Wisconsin 7.65% Only seven states have no personal income tax: Wyoming Washington Texas South Dakota Nevada Florida Alaska If

The IRS has extended the filing deadline of certain forms for businesses in designated counties affected by Hurricane Florence. This extension includes the 8850 Form, which normally must be filed within 28 days of a new employee’s first day of work, in order for a business to request certification for

The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment. WOTC joins other workforce programs that incentivize workplace diversity and facilitate access to good jobs for American workers. The Protecting Americans from Tax

Here are some questions we get from our clients or their CPA’s: For which tax years can the WOTC credit be applied? Employers may claim the Work Opportunity Tax Credit for a total of two years. Employers who do not take the full credit amount because of the tax liability

You may know claiming tax deductions and tax credits can help lower the amount of tax you owe, but do you know the difference between the two? What is a tax deduction? A deduction reduces the amount of income you pay taxes on, which means you could pay less in

U.S. Senator Heidi Heitkamp recently announced that she introduced bipartisan legislation that would allow more student veterans in North Dakota and across the country to take advantage of paid internships and

As reported by the CPA Practice Advisor: The IRS has announced that eligible employers who provide paid family and medical leave to their employees

The U.S. Department of the Treasury and the IRS have issued a notice stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes. Notice 2018-54 also informs taxpayers that federal law controls the characterization of the payments for federal income tax