federal taxes Archive
Should You Use An LLC For Your Small Business?
April 27, 2022 No Comments
TweetShareSharePin0 SharesShould You Use An LLC For Your Small Business? Accountants and attorneys love limited liability companies. But do limited liability companies—LLCs for short—really make sense for small business owners. Probably. And for two almost unknown reasons. The Big Legal Benefit of an LLC: Limited Liability… The big legal benefit of an LLC is that
The Weekly (Tax)Buzz – April 27, 2022
April 27, 2022 No Comments
TweetShareSharePin0 Shares The Weekly (Tax)Buzz – April 27th, 2022 If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from
Should the Government Compensate the Clients of TAT?
TweetShareSharePin0 SharesShould the Government Compensate the Clients of TAT? This, of course, is a political decision. There is no “right” thing to do. Even the IMF imperatives are not sacred. Sometimes, inflationary goals should be sacrifice to avoid the total collapse of the banking system and, with it, the economy as a whole. Unfortunately, a
Flat Tax Revolution: State Income Tax Reform
TweetShareSharePin0 Shares In more than a century of state income taxes, only four states have ever transitioned from a graduated-rate income tax to a flat tax. Another four may adopt legislation doing so this year. In what is already a year of significant bipartisan focus on tax relief, 2022 is also launching something of a
Returning, Refunds, Rebates, and Revenues
TweetShareSharePin0 Shares Congress is back, with Ukraine and COVID-19 funding on its plate. Source link TweetShareSharePin0 Shares
Ranking Unemployment Insurance Taxes by State, 2022
TweetShareSharePin0 Shares Today’s map examines another major component of our 2022 State Business Tax Climate Index: unemployment insurance (UI) taxes. Compared to individual, corporate, sales, and property taxes, UI taxes are less widely understood, but they have important implications for a state’s business climate. A state’s performance on the UI tax component accounts for 9.8 percent
Capital Allowances | Capital Cost Recovery across the OECD
TweetShareSharePin0 Shares Download Data Key Findings A capital allowance is the amount of capital investment costs a business can deduct from its revenue through the tax code via depreciation. Ideally, countries should provide higher capital allowances, as they can boost business investment which, in turn, spurs economic growth. The average of OECD countries’ capital allowances
Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system
TweetShareSharePin0 Shares Automatic exchange of bank account information is an important transparency tool to address tax evasion and other tax issues. It could also be used to tackle other types of illicit financial flows including money laundering, corruption, or the financing of terrorism, if only the OECD were to stop restricting its use for tax
Direct Deposit Brings Reliability, Safety and Convenience to Banking
TweetShareSharePin0 SharesDirect Deposit Brings Reliability, Safety and Convenience to Banking (ARA) – Have you ever rushed to the bank to deposit your paycheck before the cutoff time? Have you ever played “beat the bank” — writing checks before making a deposit? Have you ever made a trip to the bank just to deposit your paycheck?
Did You Receive an IRS Tax Lien Notice? Now What?
TweetShareSharePin0 Shares Receiving a Tax Lien from the Internal Revenue Service means one of two things: Either somebody at Source link TweetShareSharePin0 Shares