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Federal Tax Updates Archive

State and Local Sales Tax Rates, Midyear 2022

TweetShareSharePin0 Shares Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with the highest average combined state and local sales tax rates are Louisiana (9.55 percent), Tennessee (9.547 percent),

Biden OECD Tax Proposals Would Hurt FDI

TweetShareSharePin0 Shares The Biden administration has proposed several changes to the U.S. international tax system that would raise taxes on multinational enterprises (MNEs). Similarly, the OECD’s tax proposals would raise taxes on MNEs. Together, the proposals would affect patterns of international investment and potentially decrease the volume of foreign direct investment (FDI). Under the tax

Top 5 Tax Questions In the United States Answered

TweetShareSharePin0 Shares Tax law is complicated, at best, and an impossible puzzle that can’t be cracked at worst. Even if you have a relatively solid understanding of how to file your federal tax return in the United States each year, you might find yourself with questions from time to time.  That’s where this guide comes

Texas Accounting Firm Goes Up In Flames

TweetShareSharePin0 Shares An Austin, Texas-area accounting firm has gone up in flames, leading to over $600,000 of total damage and losses. Local ABC affiliate, KVUE, reports The fire took place at Ramirez Accounting on West Stassney Lane. It was safely put out and there weren’t any injuries reported. The fire caused $300,000 in damages and

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