Remote Accountants Hub

  In the United States, nine states do not have a state income tax on earned income: Alaska Florida Nevada New Hampshire (though it did historically tax interest and dividend income, this tax was phased out as of January 1, 2025) South Dakota Tennessee Texas Washington (while not taxing earned income, it does levy a tax on capital gains for high earners) Wyoming   It is important to remember that while these states may not have an income tax, they often rely on other forms of taxation, like sales tax and property tax, to generate revenue for public services.

  🚨 Small Business Owners — Are You Making These Costly Accounting Mistakes? Trying to save money by doing your own bookkeeping, payroll, and taxes can actually cost you more. We often see business owners: 1️⃣ Overpaying Sales Tax — Adding customer tips to sales, over-reporting revenue, failing to provide tax exemption certificates, charging incorrect sales tax rates, or paying more than collected due to reporting errors. 2️⃣ Paying Excess Employer Taxes — Missing the opportunity to legally save by classifying certain workers as contractors instead of employees. 3️⃣ Missing Allowable Deductions — Underreporting expenses like depreciation or business-use allocations, which increases annual tax liability. These mistakes don’t just cost money — they risk fines, hurt cash flow, and limit your ability to grow. ✅ A professional approach ensures accurate records, correct tax filings, and maximum savings — so you keep more of your hard-earned profit. 💬 Have you reviewed your ac...