blog- are-travel-services-taxable 
Ronika Khanna CPA,CA
SEPTEMBER 28, 2023
The simple answer is that if you anticipate that your annual gross revenues (total sales) are going to exceed $30,000 and your products or services do not qualify as Exempt or Zero rated (explained below) , then you are required to register for GST/HST and collect sales taxes from your Canadian customers and clients.
ThomsonReuters
MARCH 5, 2024
IRS funding may help either way However, he is hopeful that the IRS funding from the Inflation Reduction Act will continue to help with modernization efforts at the Service to aid taxpayers, regardless of whether certain TCJA provisions will expire in 2026. “The TCJA changed all of those to where they are taxable.”
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ThomsonReuters
JANUARY 5, 2023
For taxable years beginning after 2018 and before 2026, however, the moving expense deduction is available only for certain moves by members of the Armed Forces on active duty (see our Checkpoint article ). This is the same rate that was in effect during the second half of 2022 (see our Checkpoint article ). Fixed costs (e.g.,
ThomsonReuters
FEBRUARY 11, 2021
This would not be travel “away from home” for most of them, and we understand that the usual travel exclusion rules will not apply to our local employees. But will we need to treat the value of lodging provided to those local employees as taxable income? appeared first on Tax & Accounting Blog Posts by Thomson Reuters.
ThomsonReuters
DECEMBER 22, 2021
For taxable years beginning after 2018 and before 2026, however, the moving expense deduction is available only for certain moves by members of the Armed Forces on active duty (see our Checkpoint article ). This is a 2-cent increase from the rate of 16 cents per mile that was in effect for 2021 (see our Checkpoint article ).
ThomsonReuters
DECEMBER 23, 2020
For taxable years beginning after 2018 and before 2026, however, the moving expense deduction is available only for certain moves by members of the Armed Forces on active duty (see our Checkpoint article ). This is a 1-cent decrease from the rate of 17 cents per mile that was in effect for 2020 (see our Checkpoint article ).
ThomsonReuters
MARCH 1, 2024
The tax rate an owner/shareholder pays on S corp profits is determined by their individual income-tax rate, which can be anywhere from 10% to 37%, depending on the filer’s total taxable income. Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works.
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