federal taxes Archive
Tax Preparation Software: The Good, the Bad and the Ugly
July 23, 2021
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TweetShareSharePin0 SharesTax Preparation Software: The Good, the Bad and the Ugly The medium is the message, it’s sometimes said. Think of Franklin D Roosevelt and his “fireside chats” to the nation. In a pre-TV era, the radio was the perfect medium to “have a conversation with the American people”. He could get his reassuring message
Online Bookkeeping Fit for your Business
July 22, 2021
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TweetShareSharePin0 SharesOnline Bookkeeping Fit for your Business What is online bookkeeping? It is a kind of program that allows source data and documents to reside in applications via web-based software that allows remote access for accountants and bookkeepers. It’s typical for a company to scan the documents of their business and upload it to a

State Tax Incentives & Their Hidden Costs
July 22, 2021
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TweetShareSharePin0 Shares Job creation tax credits. Investment tax credits. Research and development tax credits. Payroll withholding tax rebates. Property tax abatements. Those are just five of the major categories of tax incentives states offer with the goal of encouraging new investment and economic development in their state. Nearly all states offer at least one of

Tobacco Tax Data Tool | Cigarette Tax Revenue & Cigarette Smuggling
July 22, 2021
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TweetShareSharePin0 Shares In the United States, tobacco is taxed at both the federal and state and sometimes even local levels. These layers of taxes often result in very high levels of taxation—the highest of any consumer item. The retail price of cigarettes, for instance, is more than 40 percent taxes on average. In some states,
Ongoing Infrastructure Talks, Making A Debt Limit Ultimatum
July 22, 2021
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TweetShareSharePin0 Shares Infrastructure Day soon. Maybe. But not yet. Those bipartisan Senate negotiators say they have made “significant progress” and hope to have a specific infrastructure plan “in the coming days.” Yesterday, Republicans blocked the Senate from opening debate on the still-undrafted bill. Majority Leader Chuck Schumer will try again to bring up the plan

Territorial Tax Systems in Europe, 2021
July 22, 2021
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TweetShareSharePin0 Shares Under a territorial tax system, multinational businesses primarily pay taxes to the countries in which they are physically located and earn their income. This means that territorial tax regimes do not generally tax the income companies earn in foreign countries. A worldwide tax system, on the other hand—such as the system previously employed
Build A Successful Home Business With These Useful Ideas
July 22, 2021
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TweetShareSharePin0 SharesBuild A Successful Home Business With These Useful Ideas There are so many things that you can operate as a home-based business, that almost anyone could find something they would be good at. Some require selling, while others focus more on networking or producing a product. This article will help you understand how you

Intellectual Property Came Back to U.S., But Plans Could Change That
July 21, 2021
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TweetShareSharePin0 Shares Tax policy can influence business decisions in a variety of ways, some more easily influenced than others. One decision that the Tax Cuts and Jobs Act of 2017 impacted is where companies choose to hold their intellectual property (IP). International trade data shows a significant shift of IP assets into the U.S. in
Taxes – And Your Online Business (5)
July 21, 2021
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TweetShareSharePin0 SharesTaxes – And Your Online Business (Selling On The Internet) Before, garage sales and flea markets were the most popular venues for selling pre-owned or used items that you would want to get rid of and at the same time earn money from. However, thanks to the technological developments that have happened through the

What Do State Budget Officials Think About Taxes In The COVID-19 Era?
July 21, 2021
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TweetShareSharePin0 Shares While state budgets are recovering along with the US economy, state fiscal policymakers remain cautious about the post COVID-19 future, according to a survey by the Tax Policy Center, with the support of Avalara. Officials in 44 states responded to the TPC survey, which was aimed at learning about the impact of the