Author: Crystal Stranger JD, EA, NTPI Fellow

This article provides a comprehensive guide to navigating the corporate tax landscape in New Jersey, focusing on the Corporate Business Tax (CBT) and sales taxes. It covers key aspects of the CBT, including rates and specific rules for S corporations and partnerships, while also delving into tax credits, deductions, and exemptions. Understanding corporate tax rates,…

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New Hampshire is distinctive in its tax structure, lacking personal and sales taxes but imposing Business Profits Tax (BPT) and Business Enterprise Tax (BET). With a 7.5% corporate income tax, specific deadlines, and nexus triggers for the BPT, businesses must navigate this landscape. New Hampshire offers credits for R&D, job training, renewable energy, investments, childcare,…

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Nevada distinguishes itself with a unique tax approach, devoid of individual and corporate income taxes. Instead, the state opts for the Commerce Tax, calculated based on business category with rates ranging from 0.05% to 0.3%. Nevada also maintains a 6.85% state sales tax rate, with exemptions for SaaS. The Commerce Tax return is due 45…

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Nebraska’s business tax landscape encompasses a diverse range of regulations and obligations that impact corporations operating within the state. From corporate income taxes to sales and use taxes, Nebraska imposes a series of financial considerations on businesses. Understanding the intricacies of Nebraska’s tax system is crucial for corporations to navigate compliance and optimize their financial…

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Montana’s business tax environment is characterized by a 6.75% corporate income tax rate, with the option for a water’s-edge election subjecting corporations to a 7% tax. Additionally, a minimum tax of $50 applies to all corporations. Montana also stands out as one of the few states without a general sales tax, maintaining a 0% state…

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Missouri’s tax landscape encompasses a variety of levies impacting individuals and businesses, with key components including income and sales taxes. The state imposes a progressive income tax rate on individuals, ranging from 1.5% to 5.4%, and a flat corporate income tax rate of 4%. Additionally, Missouri maintains a state sales tax of 4.225%, with local…

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Mississippi’s tax system encompasses progressive corporate income tax rates and diverse sales tax rates for different goods and services. Nexus for income tax is determined through property, payroll, and sales factors, while sales tax nexus is triggered by sellers targeting the Mississippi market. The state offers various corporate income tax credits to encourage economic development.…

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Minnesota’s tax system is complex, with elements impacting individuals and businesses. The state has a progressive income tax system and high corporate tax rates. Understanding nexus rules and exemptions is crucial for compliance. The state also imposes sales and MinnesotaCare taxes. For businesses, various tax credits are available, including those for research and development, investments,…

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Navigating the intricate landscape of Michigan’s tax regulations is a crucial undertaking for businesses and individuals alike. This Midwestern state imposes a 6% corporate income tax on C corporations and entities taxed as corporations at the federal level, with distinct credits and exemptions. Sales tax, marked by a 6% state rate, follows specific guidelines for…

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This blog post explores Massachusetts taxes, covering corporate income tax rates, minimum tax, filing deadlines, income tax nexus triggers, GILTI tax, available income tax credits, excise tax details, sales tax rates, and taxation of SaaS. The content elaborates on nexus establishment criteria, taxable transactions, and provides FAQ’s about state taxes in Massachusetts. Whether you’re a…

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