CPA Practice
FEBRUARY 5, 2024
Mike Crapo of Idaho, the top GOP member of the Senate Finance Committee. While Crapo and Wyden have worked together on tax legislation in the past—including a tax break for investments between the United States and Taiwan that was included in the package that passed the House—the Idaho senator has signaled he won’t support the bill as-is.
CPA Practice
APRIL 5, 2024
By Erik Wasson and Samantha Handler, Bloomberg News (TNS) Senate Republicans are poised to sink a $78 billion tax-cut package, gambling that they’ll win the majority in November and can push then for bigger breaks for business. But Senate Republican leader Mitch McConnell supports efforts to block the package, as does his No.
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CPA Practice
NOVEMBER 6, 2023
Idaho Society of CPAs hosts 2023 tax updates for CPAs The Idaho Society of Certified Public Accountants (ISCPA ) is offering tax updates to CPAs for both personal and business clients. Best Individual Tax Update 2023 , which takes place December 14 from 8:00 AM – 3:45 PM. Register for this class here.
TaxConnex
AUGUST 9, 2022
95 , beginning July 1, 2023, local tax collectors have to provide notice of their intent to audit that also “advise[s] the taxpayer that the taxpayer may request a multi-parish audit.”. Several states tinkered with their sales tax exemptions this summer. Among them, alphabetically: Idaho will exempt qualified?semiconductor
Withum
MARCH 27, 2024
Crapo continued the discussion by praising the panelists for their examples of why extending the three business tax provisions from the Tax Cuts and Jobs Act is so critical. The immediate deduction of research expenditures is imperative for the growth of business. Supporting immediate research expensing to foster U.S.
CPA Practice
JANUARY 12, 2024
By Caitlin Reilly, CQ-Roll Call (TNS) A bipartisan, bicameral $70 billion tax agreement taking shape on the Hill is drawing mixed reviews, pointing to potential challenges ahead for Senate Finance Chair Ron Wyden and Ways and Means Chairman Jason Smith. Crapo, R-Idaho, on board. Wyden, D-Ore., Elizabeth Warren, D-Mass.,
CPA Practice
APRIL 10, 2023
States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,
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