Forming an LLC business entity in Texas is a great way to set up your startup company or formalize an already existing small business or sole proprietorship. Limited liability com ...

In 2016, voters in the city approved Measure N, which imposed a gross receipts tax of 5% on all non-medical cannabis businesses but also stipulated the tax cannot exceed 15%. This initial rate was ...

The question: Did Menards wrongly apply Milwaukee's new sales tax to her purchase? While sorting through a collection of old receipts, Peggy Schaff, 60, noticed an unusual detail on a recent ...

The situation, he said, dates back to the pandemic stimulus spending by Congress, which resulted in an enormous surge in taxable sales, property values and gross receipts taxes. “So we increased ...

Albert Bryan Jr.’s financial team about whether a sales tax was better for the territory than a gross receipt tax. Everyone agreed that more study was needed. Sen. Angel Bolques was first to point out ...

Digital asset rewards from staking and other activities constitute income in the year of receipt, irrespective of whether the account is later frozen, the IRS Chief Counsel’s office determined.