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IRS offers tax relief to Vermont flood victims

Accounting Today

15, 2023, to file their individual and business tax returns and make tax payments, pushing back the Oct. Victims will now have until Nov. 16 deadline.

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5 States with the Lowest Combined Business Taxes

CPA Practice

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

Those affected by flooding in Vermont. 24, 2024, to file various individual and business tax returns. For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file. They have until Oct. 31, 2023, to file.

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Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

Those affected by flooding in Vermont. 24, 2024, to file various individual and business tax returns. For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file. They have until Oct. 31, 2023, to file.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

Vermont ( House Bill 66 ) Virginia ( House Bill 2035 ) West Virginia ( Senate Bill 197 ) – pilot program for Parental Paid leave States that already have PFMLI programs on the books are eyeing some changes. Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees.

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Employers must use one of the special payment methods if their average tax liability was $25,000 or more per month during the previous calendar year for business taxes, which includes withholding tax (wage withholding tax and non-wage withholding tax). Remote worker guidance.

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Bipartisan Tax Bill with Child Tax Credit and Business Provisions Fails in Senate

CPA Practice

The bill would revive a trio of business tax breaks, including the full upfront deduction of research and development expenses, and expand the child tax credit to make it more generous to low-income families. Manchin has cited issues with the child tax credit, as well as concerns about adding to the deficit.

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