Ads
related to: washington state business tax1800accountant.com has been visited by 10K+ users in the past month
- Pricing
Small Business Accounting Bundles.
Tailored to Your Business Needs.
- Contact Us
Want to Know More?
Give Us a Call or Send a Message.
- Bookkeeping Services
Small Business Bookkeeping Service.
Year-Round Accounting Advice.
- Tax Advisory Service
Small Business Tax Advisors / CPAs.
Year-Round Tax Advice.
- Pricing
Search results
Results From The WOW.Com Content Network
The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
In the U.S. state of Washington, a capital gains tax of 7% is levied on profits from the sale or exchange of personal long-term capital assets such as stocks, bonds, business interests, or other investments and tangible assets over $262,000. [1]
However, Washington businesses are responsible for various other state levies. One tax Washington charges on most businesses is the business and occupation tax (B & O), a gross receipts tax which charges varying rates for different types of businesses. Washington's state base sales tax is 6.5 percent which is combined with a local sales tax ...
According to data from the Tax Foundation, 45 states and Washington, D.C. collect sales taxes. With state and local sales taxes at 9% or higher, Louisiana, Tennessee, Arkansas, Washington and ...
Washington state Democrats appeared to have accidentally emailed their sweeping revenue plans and internal talking points on tax hikes to the entirety of the upper chamber's members in Olympia ...
For example, Washington state does not have an income tax but levies a B&O (business and occupation tax) which is arguably a larger burden because the B&O tax is calculated as a percentage of revenue rather than a percentage of net income, like the corporate income tax. This means even loss-making enterprises are required to pay the tax.