CPA Practice

MARCH 12, 2024

By Keerthi Vedantam, Kiplinger Consumer News Service (TNS) Among President Joe Biden’s requests in his newly released 2025 fiscal year budget are calls for strengthening and protecting Medicare and Social Security, moves previewed in his State of the Union address last week and ones that help to kick off his re-election campaign.

payroll tax 52

payroll tax income tax Hospitality Washington 52

Xero

MAY 16, 2022

The hospitality industry is no stranger to new challenges. From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. A closer look at MTD for hospitality. Learn more in our extensive guide to MTD for the hospitality industry.

Hospitality 72

Hospitality Tax income tax tax return 72

CPA Practice

MAY 3, 2024

All outstanding taxes for gross income, gross rental, or gross rental proceeds received for furnishing the property as a Hawaii short-term rental must be paid. However, the income tax exemption was struck. That will change in the 2024–2025 fiscal year.

Hawaii 116

Hawaii Tax income tax Agriculture 116

Withum

NOVEMBER 18, 2022

While in previous taxable years, not-for-profits were limited to capturing these cash benefits directly unless they had unrelated business income tax (“UBIT”), under the IRA, all not-for-profits are incentivized to invest in clean energy infrastructure through the direct payment program regardless of tax liability.

Non-Profits 73

Non-Profits income tax Tax Manufacturing 73

TaxConnex

JANUARY 4, 2024

The instantly embattled bill seeks a national sales tax on the use or consumption in the U.S. of taxable property or services in lieu of the current income taxes, payroll taxes and estate and gift taxes. The rate of the sales tax would be 23% in 2025 and adjusted in subsequent years.

Sales 231

Sales Tax Colorado Alaska 231

TaxConnex

MARCH 30, 2023

The embattled bill, now in committee, was introduced early this year to replace the federal income tax. What’s at stake for the revenue of states that already have their own sales tax? The provisions This bill imposes a national sales tax on the use or consumption in the U.S. What’s in the bill? The big view?

Sales 147

Sales Tax income tax Louisiana 147

ThomsonReuters

MARCH 15, 2023

.” ​ ​Certified professional employer organizations The budget includes a proposal that clearly states that a common law employer who may be utilizing the services of a certified or uncertified professional employer organization cannot avoid liability for employment and withholding tax when the CPEO or PEO fails to report or remit tax.

payroll tax 52

payroll tax payroll Tax Construction 52