Author: Crystal Stranger JD, EA, NTPI Fellow
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Arkansas Business Tax Guide
The state of Arkansas imposes taxes on personal and corporate income, sales transactions, and other activities to fund public services and government functions. Notably, it has the highest franchise tax rate in the U.S., at 0.3% of a business’s net worth. Additionally, Arkansas levies a corporate income tax rate ranging from 1% to 5.9% and…
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Arizona Business Tax Guide
Arizona’s tax structure presents challenges for businesses, with income, sales, and property taxes to navigate. The state imposes a flat 4.9% corporate income tax rate and no minimum tax, with returns due on the 15th day of the 4th month after the taxable year. Nexus for income tax can be triggered by factors like physical…
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Alaska Business Tax Guide
Alaska’s business tax landscape is unique, with no state-level income or sales tax. This absence of income tax provides a notable advantage, allowing businesses to retain more earnings. While local jurisdictions can impose sales taxes, the state government itself does not. It’s crucial for businesses to understand local tax nuances, as some cities and boroughs…
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Alabama Business Tax Guide
Alabama is a promising destination for businesses due to its exemption of sales tax on IT services from foreign companies. The top corporate income tax rate is 6.5%, with no minimum tax but an annual filing fee of $110. Nexus is triggered by specific thresholds, including property, payroll, and sales. Alabama offers various tax credits…