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Professional Tax Help in New York: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

MyIRSRelief

With this bustling economy comes a complex tax system, which can be overwhelming and confusing for many taxpayers. Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems.

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Corporate Tax Filing Deadline 2021 and Year-end Tax Planning Tips

FusionCPA

It's that time of the year again where businesses are preparing their end-of-year tax. Corporate income tax is the third largest source of revenue for the federal government. While the amount collected for corporate income tax pales when compared to individual income tax or payroll tax, it still accounts for 1.1

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Direct vs. indirect tax: the differences

ThomsonReuters

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. The differences between direct tax and indirect tax are important to understand. The differences between direct tax and indirect tax are important to understand. Direct tax is progressive in nature.

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The Impact of the 2020 Election on Wealth and Taxes

KROST

As we venture into the next presidential election, it is important to note the differences between the two candidates’ tax proposals as we look toward the next four years. Individual Tax Rates. Proposes a permanent extension of individual tax provisions in the Tax Cuts and Jobs Act, including a reduction in the tax rate of 39.6%

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How Biden’s Proposed Tax Bill Will Affect Small Businesses

SingleTrackAccounting

The new presidential administration has proposed a large new tax bill to offset other priorities such as improving infrastructure, funding the American Rescue Plan, combating employment inequality and tackling climate change. These are expected to be financed with increased taxes targeted at high income brackets and corporations.

Tax 52
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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

Business Tax Professionals. The tax rules and regulations U.S. companies will operate under in 2021 and beyond will be shaped in the coming months by Biden Administration priorities, the balance of power in the U.S. 20 with an ambitious tax agenda and a singular priority. Recent Changes.