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Monthly Archive:: July 2021

Biden Tax Proposals Could Impact Small Businesses

TweetShareSharePin0 Shares In a prior post, we discussed how President Biden’s tax proposals under the American Jobs Plan could increase the tax burden on small businesses in the corporate sector. This post will examine how the tax proposals under the American Families Plan could affect businesses in the non-corporate sector. While these proposals primarily target

Tax-Exempt Hospitals and Charity Care: Should Those Hospitals Do More?

TweetShareSharePin0 Shares A recent Wall Street Journal report made me wonder about tax-exempt hospitals.  The story details how a nonprofit organization, RIP Medical Debt, collected tax-deductible donations to pay $282 million in medical debt owed by 82,000 patients of the tax-exempt hospital system Ballad Health. Ballad serves Tennessee, Virginia, North Carolina, and Kentucky. Many of

Non Profit Payroll

TweetShareSharePin0 SharesNon Profit Organizations have some unique situations when addressing payroll and payroll taxes for their employees. Here we are addressing here many of the common payroll situations for Non Profit Payrolls. Non Profit Payroll: Employee Records There are many state and federal laws and regulations concerning employee records that can be confusing and some

Anti-Base Erosion Provisions and Territorial Tax Systems in OECD

TweetShareSharePin0 Shares Key Findings All OECD countries with territorial tax systems have designed provisions that seek to prevent base erosion and profit shifting by multinational corporations. Designing a territorial tax system requires balancing competing goals: exempting foreign business activity from domestic taxation, protecting the domestic corporate tax base, and creating a simple system. A system
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