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Senate Reconciliation of Beautiful Bill: Key Changes in Latest Draft

Insightful Accountant

This eliminates what would have been significant rate increases up to 15 percentage points for foreign individuals and entities, along with the "super BEAT" expansion that would have broadened affected entities and the tax base. A residential construction accounting exception was also added to the community development section.

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What Auto Dealers Need to Know About the One Big Beautiful Bill Act

Withum

The bill includes a variety of tax items that will impact auto dealer business taxes, personal income taxes and estate and gift taxation. This article will highlight the pertinent areas of the OBBBA that will impact auto dealership businesses and owners. Depreciation laws vary by state.

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Small Business Tax Rates in New Hampshire

Steve Feinberg

Parsing any state’s tax code can be a multifaceted and complicated affair, but small business owners especially should understand what types of taxes they are required to pay if they live and operate their company in New Hampshire. What is the Small Business Tax Rate in New Hampshire?

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How Do I Register My New Business in New Hampshire? Small Business Guide

Steve Feinberg

If you’ve been thinking about turning your hobby into a full-time job, or you have an idea for a product that people can’t live without, then New Hampshire is a business-friendly state in which to incorporate your new venture. Understanding the Business Types. The Process.

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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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New Hampshire is phasing out the Interest/Dividends Tax over the next 5 years

Steve Feinberg

At first glance, you wouldn’t think this news matters that much as most small businesses don’t pay Interest/Dividends tax. Although New Hampshire has NO personal income tax, a common technique used in other states is to reduce social security taxes by taking distributions from their S Corporations rather than wages.

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. What is income tax? How does income tax work? Who has to file income tax?