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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

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Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)

LyfeAccounting

This basically means Amazon got a federal tax refund for millions of dollars. Over 91 Fortune 500 companies, including Nike, Netflix, and FedEx, don’t pay much in federal income tax, if at all. In this post, we’ll be uncovering how Amazon was able to completely write off taxes. How to Write Off Taxes Like Amazon.

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The latest on a national sales tax

TaxConnex

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?

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Biden Tax Policies Take Center Stage: What to Expect in 2021 and Beyond

ThomsonReuters

Mundaca and Melissa Oaks , Senior Manager at Thomson Reuters , recently discussed the prospects for Biden’s tax proposals—and how corporate taxpayers can prepare—on the Tax & Tech Talks podcast. Tax Proposals. With respect to corporations, Biden proposed: Increasing certain overseas income of U.S. multinationals.

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Biden Vows to Veto GOP Plan to Abolish the IRS

CPA Practice

This is known as the tax-inclusive tax rate,” William Gale, a Senior Fellow at the Brookings institute, explained when the idea was first proposed. Georgia Rep. 25 , or the Fair Tax Act. The rate of the sales tax will be 23% in 2025, with adjustments to the rate in subsequent years.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act. 5 election for Georgia’s two Senate seats. Bigger tax proposals just won’t advance at all.”.

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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

Because robots can replace jobs, the idea goes, a stiff tax on them would give firms incentive to help retain workers, while also compensating for a dropoff in payroll taxes when robots are used. The concept has been publicly discussed by policy analysts, scholars, and Bill Gates (who favors the notion).

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