xendoo

JANUARY 16, 2023

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. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

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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. . Washington. New Jersey.

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Going Concern

MAY 9, 2023

“Whether directing large corporate tax departments or leading small in-house teams, today’s chief tax officers share common challenges,” said Carrie Falkenhayn, partner, Chief Tax Officer Program leader, Deloitte Tax LLP.

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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

OCTOBER 2, 2023

By Katelyn Washington, Kiplinter Consumer News Service (TNS) The IRS has granted Louisiana tax relief to areas of the state impacted by seawater intrusion. Affected taxpayers now have extended tax deadlines of Feb. 15, 2024, to file certain tax returns and make tax payments. 15, 2024, to file 2022 tax returns.

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PYMNTS

JULY 24, 2017

Supporters of the tax like Archer Daniels Midland’s chief executive have lamented this with comments to The Washington Post earlier the year. If voted into law and implemented, the corporate tax rate will go from its current 35 percent down to 20 percent and any U.S.

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CPA Practice

MAY 7, 2024

taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year. We always hope at Berkshire to pay substantial federal income taxes,” Buffett said. “We We think it’s appropriate.” ©2024 Bloomberg L.P. Visit bloomberg.com.

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CPA Practice

MARCH 9, 2023

However, like the capital gains tax proposal, the Medicare tax rate increase is not likely to find enough support to pass, given congressional divides. Under Biden’s budget proposal, taxpayers making $400,000 would be taxed at a top rate of 39.6%. So, the seven tax rates that you are familiar with for the 2022 tax year (i.e.,

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CPA Practice

MARCH 15, 2023

However, like the capital gains tax proposal, the Medicare tax rate increase is not likely to find enough support to pass, given congressional divides. Under Biden’s budget proposal, taxpayers making $400,000 would be taxed at a top rate of 39.6%. So, the seven tax rates that you are familiar with for the 2022 tax year (i.e.,

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CPA Practice

JUNE 20, 2023

There was also an option to take some or all of the credit as a lump sum when filing annual tax returns. Rosa DeLauro of Connecticut, Suzan DelBene of Washington and others would increase the size of the credit in the month a baby is born to $2,000. who held a hearing last week on family and household tax benefits.

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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. I couldn’t go to a meet-and-greet where the grocery tax didn’t come up.”

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CPA Practice

NOVEMBER 13, 2024

By Kemberley Washington Bankrate.com (TNS) Taxes may not be the first thing on your mind following the presidential election, but there’s no doubt that tax policy will play a key role in the year ahead, given that the 2017 Tax Cuts and Jobs Act (TCJA) is set to expire at the end of 2025.

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CPA Practice

MAY 9, 2024

Erik Wasson Bloomberg News (TNS) The cost of extending the 2017 tax cuts for households, small businesses and the estates of wealthy individuals enacted under President Donald Trump has expanded to $4.6 Extending the personal income tax cuts will cost $3.8 Last year, CBO estimated renewing the sunsetting tax cuts would cost $3.5

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CPA Practice

MARCH 12, 2024

By Laura Davison, Lauren Vella and Erin Schilling, Bloomberg News (TNS) President Joe Biden’s budget proposal—which calls for sweeping tax increases on corporations and the wealthy—is the opening round of a looming tax fight set to consume Washington next year. ©2024 Bloomberg L.P. Visit bloomberg.com.

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CPA Practice

AUGUST 15, 2024

By David Lightman McClatchy Washington Bureau (TNS) Kamala Harris has long urged lower federal income taxes for lower and middle class taxpayers, while supporting higher taxes for corporations and wealthier people—positions she’s reiterated since becoming the Democratic Party’s presidential nominee, without further details.

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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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