Going Concern

AUGUST 5, 2022

Washington and Beijing are in talks to settle a long-running dispute over the auditing compliance of U.S.-listed I’m thinking about joining TikTok just for the free tax advice. What’s Driving the US-China Spat Over Audits and Delisting [ Washington Post ] About 200 Chinese companies whose shares trade in the US, including JD.com Inc.

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CPA Practice

JULY 16, 2024

In this role, Wittmer will oversee Grant Thornton’s teams in Arlington, Virginia, Washington, D.C., Wittmer is a principal in Grant Thornton’s Tax practice and has more than 35 years of experience serving public, private and foreign-owned clients in a variety of industries. Baltimore, Pittsburgh and Philadelphia, where he is based.

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TaxConnex

DECEMBER 1, 2022

The Tax Foundation released its State Business Tax Climate Index “designed to show how well states structure their tax systems” – including that of sales tax. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee.

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KROST

APRIL 9, 2021

KROST is a full-service certified public accounting and consulting firm serving clients across various industries in the areas of tax , accounting , consulting, assurance and advisory , M&A and capital markets , corporate tax incentives , and wealth management. New to the list, KROST, ranked No. KROST ranked No.

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TaxConnex

AUGUST 15, 2023

Among highlights: In some cases, local sales taxes exceed state rates. The five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). California has the highest statewide sales tax rate, at 7.25%.

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CPA Practice

MARCH 8, 2023

= Ryan Sheehan is a Senior Product Lead for Bloomberg Tax & Accounting. He is responsible for Bloomberg Tax & Accounting’s corporate tax products, including Fixed Assets. Prior to Bloomberg Tax & Accounting, Ryan was a CPA at KPMG’s Washington D.C.

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CPA Practice

APRIL 17, 2023

The dramatic impact that a favorable turn in tax-related flows can have was demonstrated by the Employee Retention Credit, the refundable tax credit given to companies during the COVID-19 pandemic. A similar boost was the Tax Cuts and Jobs Act of 2017, which slashed corporate taxes to a 21% rate.

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CPA Practice

APRIL 5, 2024

(TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. The Department of Justice filed a civil complaint in Eastern Washington District U.S.

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CPA Practice

DECEMBER 19, 2023

Consider recent research conducted by Thomson Reuters Institute that found one in 10 professionals in accounting firms and corporate tax departments are already using some form of generative AI on a widescale basis. operations, based in the Washington, D.C., The company has more than 300 locations worldwide. metropolitan area.

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PYMNTS

APRIL 5, 2017

As a new administration settles into Washington, D.C., being told to depart as a harbinger of pressures to come, even as corporate taxes have been, as he sees it, high enough to move businesses to seek opportunities beyond U.S. Among them, the Millennium has seen funding of wars and debt to the tune of trillions of dollars.

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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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Shay CPA

DECEMBER 7, 2022

Washington. Don’t assume you’re off the hook until you have written confirmation from the appropriate authorities that your tax accounts are shut. . File away R&D tax credit and pandemic aid documentation. File a final corporate tax return. You’re not filing just another tax return here. New Jersey.

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PYMNTS

OCTOBER 12, 2020

German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. The primary aim of any deal would be to make sure that Big Tech firms like Facebook , Google and Amazon were forced to pay their fair share when it comes to tax, according to Scholz. German Finance Minister Olaf Scholz said Friday (Oct.

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CPA Practice

NOVEMBER 7, 2024

The American Institute of CPAs will be holding its 2024 Fall Tax Division Meetings for on-site media on Wednesday, Nov. 13 in Washington, D.C. following the AICPA National Tax Conference. The meetings will include speakers from the Internal Revenue Service, the Treasury Department, and other tax groups. Washington, D.C.

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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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PYMNTS

MAY 3, 2018

. “The optimism generated from corporate tax reform seems to have done little to persuade organizations to spend their cash during the early months of 2018,” Kaitz said in a statement. corporates, again attributing the trend to political gridlock and uncertainty.

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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. The new legislation from Democratic Reps. Ritchie Torres, D-N.Y.,

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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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CPA Practice

MARCH 7, 2024

The President set out his plan to reduce the deficit by $3 trillion over 10 years by increasing taxes for the wealthiest individuals and corporations. In his State of the Union speech, President Biden announced a proposal to deny corporations a tax deduction when they pay more than $1 million to any employee.

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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. Efforts failed in several other states.

Idaho 111

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ThomsonReuters

FEBRUARY 6, 2024

Here are the main differences between direct and indirect taxes: Direct taxes Levied on people and entities Are typically proportionate to the taxpayer’s income or assets Considered a progressive tax. View corporate tax solutions Onesource resource center What is indirect tax?

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CPA Practice

FEBRUARY 5, 2024

The bill restores corporate tax breaks created by the tax law Republicans passed in 2017 that have expired or are set to expire soon. They include tax credits for research and development, as well as capital projects like building factories or manufacturing equipment.

Idaho 49

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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

DECEMBER 13, 2020

Even while arguing against higher corporate taxes, the CEOs called for more government spending on education from kindergarten through graduate school, especially in ways that would expand the technical capacity of all future workers so they can compete effectively for jobs and thereby reduce economic inequality, WSJ reported.

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Going Concern

JANUARY 10, 2025

Trump Taps Long-Time Tax Lobbyist for Key Treasury Role [ NAPA ] President-elect Trump has turned to an influential and long-time tax lobbyist in Washington, D.C. to serve as the head of tax policy in the U.S. 2 post on Truth Social, Trump announced that he will nominate Ken Kies to be Assistant Secretary for Tax Policy.

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PYMNTS

JULY 2, 2018

However, small businesses may struggle to obtain the resources necessary to file taxes in each state and county. A 2 percent economic growth rate for Q1 was the best first-quarter performance in three years, according to The Washington Post , and analysts say the growth rate could surpass 4 percent in Q2.

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PYMNTS

AUGUST 12, 2019

In one anecdote per The Washington Post , Peter Bragdon, chief administrative officer of Columbia Sportwear, has said, “Some prices will go up. Here’s why: The impact of tax cuts may have already been felt by consumers, and the initial impact is already in the rearview mirror.

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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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PYMNTS

JULY 19, 2017

200 retail professionals from across the United States gathered at the Retail Advocates Summit in Washington, D.C., The convention focus was centered on retailer and employee tax reform, but the VP veered into talks of repealing and replacing Obamacare. He also highlighted the administration’s plans to repeal the death tax.

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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. By Josh Wingrove, Amanda Albright and Isis Almeida, Bloomberg News (TNS) U.S.

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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

JULY 9, 2024

The change has K Street preparing to play defense on behalf of business-friendly tax breaks, particularly the 21 percent corporate tax rate that the law made permanent, unlike other breaks aimed at households. President Joe Biden has said he’d like to increase the rate to 28 percent. Ways and Means Chairman Jason Smith, R-Mo.,

Tax 52

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CPA Practice

MARCH 9, 2023

Note: Several states have proposed so-called “wealth taxes” and Massachusetts enacted a “millionaires tax” this year. Biden’s budget also proposes restoring the corporate tax rate to 28%, which is currently 21% because of the 2017 Tax Cuts and Jobs Act. __ All contents copyright 2023 The Kiplinger Washington Editors Inc.

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CPA Practice

MARCH 15, 2023

Note: Several states have proposed so-called “wealth taxes” and Massachusetts enacted a “millionaires tax” this year. Biden’s budget also proposes restoring the corporate tax rate to 28%, which is currently 21% because of the 2017 Tax Cuts and Jobs Act. __ All contents copyright 2023 The Kiplinger Washington Editors Inc.

Tax 98

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CPA Practice

AUGUST 2, 2024

Caitlin Reilly CQ-Roll Call (TNS) WASHINGTON — The Senate fell short as expected Thursday of the 60 votes needed to start debate on a $79 billion tax bill that would deliver financial relief to businesses and low-income families, amid opposition from most Republicans and some on the majority side of the aisle as well.

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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 trillion, according to new estimates from Congress’ fiscal scorekeeper.

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CPA Practice

JUNE 14, 2024

By Nancy Cook and Justin Sink, Bloomberg News (TNS) Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. The current corporate tax rate is 21%, but even a small reduction represents a tax cut worth billions of dollars each year for profitable U.S.

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