inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware does tax companies. In 2011, Delaware garnered $860 million in taxes and fees from out-of-state business entities incorporated under its laws. With so few taxes, how does Delaware rake it in?

Delaware 64

Delaware Wyoming Nevada Oregon 64

TaxConnex

MARCH 30, 2023

Everything old is new again – and that goes for ideas of a national sales tax. 25 of the 118th Congress, the GOP’s “Fair Tax Act of 2023,” is the latest attempt. The embattled bill, now in committee, was introduced early this year to replace the federal income tax. What’s in the bill? Is the idea bad? The bill won’t pass.

Sales 147

Sales Tax income tax Louisiana 147

CPA Practice

NOVEMBER 1, 2023

States where inflation-adjusted income declined included Alaska, where oil drilling has been in long-term decline, as well as Georgia and Maryland. Bureau of Economic Analysis figures compiled for Stateline by the Urban-Brookings Tax Policy Center in Washington, D.C. The knocks to personal incomes affected state revenues.

North Dakota 52

North Dakota South Dakota Utah Connecticut 52

ThomsonReuters

FEBRUARY 1, 2021

Michael Mundaca has an insider’s perspective on the path ahead for the Biden Administration’s tax agenda as it’s buffeted by a divided Senate, the COVID-19 pandemic , and an economic downturn. Prior to re-joining EY in 2011, he served as the Assistant Secretary for Tax Policy at the U.S. Tax Proposals. 33 min listen.

Tax 52

Tax Georgia payroll tax payroll 52

CPA Practice

FEBRUARY 2, 2023

By Matthew Medsger, Boston Herald (TNS) A plan by Republican lawmakers which would see the IRS done away with entirely and the current tax system replaced by a flat consumer tax would apparently be vetoed by the president if it made it to his desk. Except one thing: They want … to replace (it) with a 30% sales tax. Georgia Rep.

income tax 98

income tax Georgia payroll tax Tax 98

ThomsonReuters

DECEMBER 14, 2020

Business Tax Professionals. The tax rules and regulations U.S. We’re left to approach tax-filing season with a great deal of uncertainty,” said Melissa Oaks, a Thomson Reuters tax specialist who presented the webinar. 20 with an ambitious tax agenda and a singular priority. Recent Changes.

business tax 94

business tax Tax Montana New Hampshire 94

Going Concern

DECEMBER 23, 2022

As a result, the IRS says third-party settlement organizations will not have to report tax year 2022 transactions on a Form 1099-K, Payment Card and Third Party Network Transactions, to the IRS or the payee for the lower, $600 threshold amount that was enacted as part of the American Rescue Plan Act (ARPA) of 2021, P.L. MIT News ].

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Tax auditor audit tax return 81