Federal Tax Updates Archive

Ohio Gross Receipts Tax Repeal

TweetShareSharePin0 Shares Coming out of the pandemic, the state of Ohio is estimating significant tax revenue growth, and a group of Ohio lawmakers is looking to take advantage and repeal the Commercial Activity Tax (CAT). Ohio’s CAT, implemented in 2005 as part of tax reform that lowered and consolidated business taxes, is one of only

Sustainable Mississippi Income Tax Reduction

TweetShareSharePin0 Shares Thanks to increased tax revenues from higher consumer spending, sustained economic growth, and both the primary and secondary effects of federal COVID-19 relief programs, many states are flush with cash, and a significant number have used at least some of their surplus to provide tax relief. Many Mississippi lawmakers would like to join

Flipping Houses: Make $30,000 a Month Flipping Real Estate

TweetShareSharePin0 SharesFlipping Houses: Make $30,000 a Month Flipping Real Estate Okay, you know the drill: purchase a house below the current market rate, make some repairs and improvements to it, and then turn around and sell [flip] the house to generate big profits. While the concept of flipping houses is nice, the reality is that

Digital Services Taxes in Europe

TweetShareSharePin0 Shares Over the last few years, concerns have been raised that the existing international tax system does not properly capture the digitalization of the economy. Under current international tax rules, multinationals generally pay corporate income tax where production occurs rather than where consumers or, specifically for the digital sector, users are located. However, some

It’s Going To Be A Long December

TweetShareSharePin0 Shares The Senate is likely to take at least a month to “Build Back Better.” The Senate is start on its version of the Build Back Better (BBB) tax and spending package the House passed on Friday. The Senate is almost certain to make changes. Among the most contentious issues: The fate of the

Your Essential “˜how-To’ Guide To Property Buying

TweetShareSharePin0 SharesYour Essential “˜how-To’ Guide To Property Buying Buying real estate can be a rewarding experience especially if you know when to buy. Getting a good deal is the tip of the iceberg, you may end up turning a profit later if you decide to get rid of it. Fixing up a place after buying

Preparing Your Taxes With Software

TweetShareSharePin0 SharesPreparing Your Taxes With Software For just about as long as the United States has existed, people have been required to file an income tax. Income earned by the average American is taxed by the IRS (internal revenue service) due to the taxation schedule posted on their website. The taxes collected by the IRS,

Home Business Tips That Can Work For You (2)

TweetShareSharePin0 SharesHome Business Tips That Can Work For You Congratulations! You are running a home business. You may have discovered that you will need some extra help in this venture. From these tips you can learn how to run your business successfully, grow your business to where you want it to be, and make it
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