Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Provide the FEMA Disaster Number of the area where your tax preparer is located.

South Carolina 130

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Menzies

OCTOBER 30, 2024

Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. From April 2025 the National Living Wage will increase to £12.21 Up to £520 million for a new Life Sciences Innovative Manufacturing Fund to drive growth and build resilience for future health emergencies.

Manufacturing 59

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Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

income tax 140

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Accounting Today

AUGUST 29, 2023

New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.

Tax 98

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CPA Practice

NOVEMBER 19, 2024

The Main Street Alliance and Small Business Majority have launched the Small Business Tax Fairness Coalition (SBTF), a national initiative to advocate for a U.S. tax code that prioritizes the needs of America’s entrepreneurs. of recipients—primarily white-owned firms—leaving many small, minority-owned businesses behind.

Maine 52

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ThomsonReuters

NOVEMBER 1, 2024

← Blog home Global indirect tax and e-invoicing compliance is more critical than ever, with corporations needing to navigate a complex web of regulations and mandates. Given these potential pitfalls, ensuring a robust and adaptable tax compliance strategy is essential for maintaining a competitive edge.

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SkagitCountyTaxServices

FEBRUARY 27, 2025

I know this is another burden added to your shoulders during an already stressful time of year: tax season. owner=19530343 Because its not just the added responsibility of BOI reporting making tax season complicated for you this year. Things you cant afford to have happen when it comes to your taxes. affect your small business?

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tax return Tax corporation tax Healthcare 73

Ronika Khanna CPA,CA

JUNE 7, 2024

Table of Contents When starting a business, it can be confusing and a little overwhelming to keep on top of the different types of tax filings that need to be submitted and ensuring that these tax deadlines are met. Sales tax returns reflect the amounts charged on products and services, which are collected on behalf of the government.

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CTP

JANUARY 22, 2025

What if you could save for these necessary expenses and lower your tax liability at the same time? This article will cover the tax benefits that come with HRAs and the different types available. The funds received are tax-free for the employee. C corporations are also common adopters of HRAs.

Tax 52

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Cherry Bekaert

MAY 3, 2024

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. What Is Global Tax Minimization? international tax rules. income tax.

Tax 104

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Going Concern

OCTOBER 18, 2024

Why ‘Trust’ in Data is Even More Important in an Era of Global Taxes [ PwC ] We are in a time of unprecedented change in the global tax and compliance landscape — exemplified by the OECD’s Pillar Two. million in false deductions, causing a tax loss of about $2.3 Tomasello sold approximately $8.5

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CPA Practice

SEPTEMBER 3, 2024

(TNS) BOSTON — Main Street employers are getting hammered by taxes, health care expenses, lingering high inflation and other costs, according to a new report by a national business group, which calls on Beacon Hill policymakers to focus their attention on helping small businesses stay afloat.

Massachusetts 105

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ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

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CPA Practice

MAY 24, 2024

The American Institute of CPAs (AICPA) submitted comments to the Internal Revenue Service (IRS) containing 189 recommendations regarding the 2024-2025 Guidance Priority Plan.

cpas 64

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Accounting Today

DECEMBER 19, 2024

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

corporation tax 126

corporation tax Tax 126

ThomsonReuters

NOVEMBER 25, 2024

In 2025, the European Union’s Corporate Sustainability Reporting Directive (CSRD) goes into effect—legislation that includes a long list of compulsory disclosure requirements related to corporate governance and sustainability.

Government 99

Government Non-Profits Legal California 99

TaxConnex

NOVEMBER 10, 2022

Gain insight into why Robert started TaxConnex and his plans for our future as well as how sales tax has evolved over the years. I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms.

income tax 130

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Accounting Today

OCTOBER 9, 2024

In less than 30 days, Americans will elect the politicians who will set policy for the next two years in Congress and four years at the White House.

Tax 72

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ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Unlike the OECD’s Pillar 1.0,

corporation tax 98

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CPA Practice

MARCH 8, 2023

While designed to limit inflation, the IRA has also impacted various areas of taxation beyond IRS funding, such as bonus depreciation and the corporate alternative minimum tax (AMT). Understanding Then, the company paid whichever resulted in the highest tax bill. Corporate

income tax 111

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Withum

APRIL 28, 2022

For the latest news and updates on Nebraska state and local tax. Nebraska Implements Corporate Income Tax Rate Reductions. 873 which reduces Nebraska’s corporate income tax rate over the next five years. However, the extension does not apply to estimated tax payments. Tax Filing and Deadline Extended.

Nebraska 52

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Withum

NOVEMBER 17, 2022

2022 Tax Brackets and Rates. 2022 Long-Term Capital Gains Tax Bracket. Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. DEDUCTION AMOUNT: $19,400. Taxable Income Over.

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CPA Practice

SEPTEMBER 11, 2024

Businesses operating in, or connected to, the European Union (EU) will be able to comply with the obligations of the EU’s Corporate Sustainability Reporting Directive (CSRD), starting in January 2025 and expanding in scope and reach in subsequent years. tax reporting.

corporation tax 83

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Menzies

AUGUST 21, 2024

Further information has now been made available in respect of the abolition of the Furnished Holiday Lettings (FHL) tax regime that will take effect from April 2025. The measure will remove the tax advantages that landlords who offer short–term holiday lets have over those who provide standard residential properties.

Tax 52

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CPA Practice

JUNE 13, 2024

The Tax Cuts and Jobs Act of 2017 (TCJA) brought about substantial changes to the tax landscape, significantly increasing the lifetime estate and gift tax exemption amounts ($13.61 Given the federal estate tax rate of 40% and an expected exemption reduction of $7 million, this reversion would result in tax liability of up to $2.8

Real Estate 124

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Withum

MAY 4, 2022

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET.

New York 112

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Menzies

SEPTEMBER 2, 2022

This was due to end in April 2021 and will now come to an end in April 2025. Overall, despite the AIA limit reducing and the removal of super-deduction in April 2023, there are still some generous tax treatments for energy efficient vehicles. Donna Kenyon. View profile.

Tax 52

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ThomsonReuters

MARCH 9, 2023

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Breeze through tax season easily with our comprehensive year-end tax season toolkit.

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CPA Practice

JULY 26, 2024

Sanders, who describes himself as a democratic socialist, is a vocal critic of Wall Street and corporate America and has pushed to expand entitlements like Medicare and Social Security, make college free and cut drug prices while raising taxes to lofty new heights. who’ve pushed similar policies. Amazon.com Inc., Amazon.com Inc.,

Finance 98

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Withum

OCTOBER 18, 2023

These words apply to all sorts of things in life and, of course, when it comes to taxes. With some economic upheaval and various provisions of the Tax Cuts and Jobs Act (“TCJA”) nearing their end, here are a few things to be mindful of as we cruise into the 4th quarter of 2023. “Those who fail to plan, plan to fail.”

Tax 59

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CPA Practice

JUNE 20, 2023

By Laura Weiss, CQ-Roll Call (TNS) House Democrats’ latest proposal to expand the child tax credit includes a new feature: a $2,000 payment for newborn babies. The two parties have been battling over the tax benefit since before a larger version of it lapsed after 2021. who held a hearing last week on family and household tax benefits.

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Accounting Insight

MARCH 3, 2023

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

Tax 52

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Menzies

SEPTEMBER 19, 2024

The labour government have an opportunity to provide tax incentives for those businesses on renewable and clean energy tariffs, to reduce the sectors energy bills and help deliver on net zero targets. Staffing The industry continues to be under-resourced and increases to National Living Wage have put further pressure on H&L businesses.

Hospitality 59

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xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

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Shay CPA

OCTOBER 21, 2024

The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. And that could mean some notable tax savings.

New York 52

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Menzies

JANUARY 4, 2024

The historical ability for non-residents to avoid UK tax on property sales and potentially benefit from reduced stamp duty has undergone significant changes. However, in recent times many of the benefits for non-resident investors have been eroded and the ways in which real estate investors can be taxed on their gains has been expanded.

Non-Profits 52

Non-Profits Tax Real Estate chartered accountant 52

Accounting Today

JANUARY 30, 2024

With the Qualified Business Income tax deduction of 20% set to expire in 2025 (unless it's extended), clients who are starting a business may wonder how their choice of entity will impact their QBI deduction and ultimately their bottom line.

income tax 63

income tax Tax corporation tax 63