inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered The Place to establish your corporate entity. Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax.

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inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

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Shay CPA

DECEMBER 7, 2022

Sales tax accounts. State franchise and income tax accounts. It can be helpful to sit down with your accountant to get a handle on all of the various accounts with which your business is associated, especially if you’ve been relatively hands-off with your company’s tax compliance. . New Jersey. Washington.

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Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches.

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ThomsonReuters

FEBRUARY 6, 2024

for example, does not have a federal sales tax, but taxes may be applied at the state and regional levels. States with the highest average local sales tax rates include Alabama, Louisiana, Colorado, New York, and Oklahoma.

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ThomsonReuters

DECEMBER 17, 2021

The Global Minimum Tax is the latest initiative spinning off of the Base Erosion and Profit Shifting (BEPS) initiative from the Organisation for Economic Co-operation and Development (OECD). In a recent report for Checkpoint , Robert Rizzi, a tax partner with Steptoe & Johnson LLP in Washington and New York, noted that U.S.

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CPA Practice

JANUARY 23, 2023

Almost all states have seen their budget surpluses grow in the past two years, thanks to federal COVID-19 relief funds and increasing corporate tax revenues as the economy recovers from the pandemic. Grocery taxes that remain are “there for a reason. States and localities sometimes struggle with which foods to exempt from tax.

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Shay CPA

APRIL 2, 2025

As the April 15, 2025, deadline for filing corporate tax returns approaches, many businesses, especially early-stage technology companies, may find themselves in need of additional time to gather necessary financial records and finalize their tax filings. What Is a Corporate Tax Extension?

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ThomsonReuters

JANUARY 2, 2025

Companies must assess the tax implications of their workforce distribution. For instance, a New York-based software company allowing remote work across the U.S. may face tax nexus issues in states like Texas, Florida, and California.

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CPA Practice

SEPTEMBER 5, 2024

Her proposals have included calls for expanded tax credits for parents and $25,000 down-payment assistance for first-time home buyers. Harris has vowed to pay for all of her spending plans with higher taxes on businesses and wealthy households. President Biden’s capital gains tax plan called for nearly doubling the top rate to 39.6%.

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CPA Practice

MARCH 9, 2023

Medicare tax rate proposed increase To help shore up Medicare, President Biden is proposing a tax increase for people making more than $400,000 a year. That income threshold would be based on wages, salary, and capital gains. Under Biden’s budget proposal, taxpayers making $400,000 would be taxed at a top rate of 39.6%.

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CPA Practice

MARCH 15, 2023

Medicare tax rate proposed increase To help shore up Medicare, President Biden is proposing a tax increase for people making more than $400,000 a year. That income threshold would be based on wages, salary, and capital gains. Under Biden’s budget proposal, taxpayers making $400,000 would be taxed at a top rate of 39.6%.

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CPA Practice

MARCH 26, 2024

By Laura Davison, Bloomberg News (TNS) The progressive rallying cry of “tax the rich” has morphed into a popular policy stance with voters in the key states that will decide the 2024 election, enjoying support even among those who prefer billionaire Donald Trump, according to the latest Bloomberg News/Morning Consult poll.

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CPA Practice

NOVEMBER 15, 2024

Many Democrats campaigned on a tax-the-rich agenda and advocated paying for other tax cuts by targeting those provisions, as well as rolling back the law’s tax cuts for corporations and individuals making more than $400,000 per year. trillion over 10 years, according to the Committee for a Responsible Federal Budget. _

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CPA Practice

SEPTEMBER 4, 2024

By Dave Goldiner New York Daily News (TNS) Wall Street giant Goldman Sachs says a win for Kamala Harris and Democrats in November would be better for your pocketbook than if former President Trump succeeds in getting back to the White House. ©2024 New York Daily News. Visit at nydailynews.com.

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