article thumbnail

Hospitality & Leisure: Spring Budget 2024 Predictions & Wish list

Menzies

As we approach the Spring Budget on 6 March 2024, the UK Hospitality and Leisure sector faces ongoing challenges. UK Hospitality advocates for a 3% cap on business rates increases which would support cash flow and encourage investment. Tax Cuts The sector relies on disposable income and consumer confidence.

article thumbnail

Tax Tips for New Parents

RogerRossmeisl

As reported via IRS Tax Tip 2023-89 in October 2019 Kids are expensive. Whether someone just brought a bundle of joy home from the hospital, adopted a teen from foster care, or is raising their grandchild. There are several tax breaks that can help. The post Tax Tips for New Parents appeared first on Roger Rossmeisl, CPA.

tax 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Tax Rules for Donating Artwork to Charity

RogerRossmeisl

If you’re an art collector, you may wonder about the tax breaks available for donating a work of art to charity. Several different tax rules may come into play in connection with such contributions. You contribute it to a hospital. Your deduction is limited to $10,000 because the hospital’s.

tax 204
article thumbnail

Lawmakers probe nonprofit hospitals, challenge tax-exempt status

Accounting Today

senators wants the IRS and Treasury Department to investigate whether nonprofit hospitals are abusing their tax-exempt status. A bipartisan group of four U.S.

article thumbnail

A short guide to Making Tax Digital for hospitality

Xero

The hospitality industry is no stranger to new challenges. From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. A closer look at MTD for hospitality. Learn more in our extensive guide to MTD for the hospitality industry.

article thumbnail

What's new in state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. Indiana modified?its

Sales 183
article thumbnail

CHEERS Act would serve tax breaks to beer venues

Accounting Today

The Creating Hospitality Economic Enhancement for Restaurants and Servers would provide a tax deduction for bars, restaurants and entertainment venues with draft beer systems.

tax 105