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Senate Republicans plan major revisions to Trump tax bill

Accounting Today

At the same time, so-called pass-through businesses in the service sector are pushing to remove a provision in the House bill that limits their ability to claim SALT deductions. All rights reserved. Health-care perils Medicaid and Medicare cuts present the most daunting challenge in the committees draft.

Tax
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5 States with the Lowest Combined Business Taxes

CPA Practice

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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What was new in October for state sales and use taxes

TaxConnex

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. State updates.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

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. A professional tax advisor or CPA can accurately file your business taxes on time.