federal taxes Archive
TweetShareSharePin0 Shares Key Findings Thirteen states have notable tax changes taking effect July 1, 2021. Indiana has the lone corporate income tax rate change, with the rate decreasing from 5.25 to 4.9 percent. Montana will begin using a corporate income tax apportionment formula with a double-weighted sales factor. Idaho will offer a one-time individual income
TweetShareSharePin0 SharesWhat Is A Deferred 1031 Tax Exchange? A tax deferred exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame. Although the logistics of selling one property and buying another are virtually identical to any standard sale and purchase scenario,
TweetShareSharePin0 Shares President Biden and a bipartisan group of senators have agreed to the framework of a plan to boost infrastructure spending by about $579 billion. On top of already planned spending for roads, bridges, transit, water, and broadband, it would amount to a massive $1 trillion. And they have agreed to pay for it
TweetShareSharePin0 SharesLearn The Tax Benefits Of A Flexible-Benefits Plan Flexible-benefits Plan (FBP) is an employee benefits plan which helps the employees’ to save considerable amount of taxes by paying certain expenses from their pre-tax income. Some of the eligible expenses from pre-tax income are medical, vision, dental, elder care, and dependent care. All state employees
TweetShareSharePin0 Shares A temporary gas shortage, caused by a hack attack, on much of the East Coast last month and fear of rising inflation have led some people to wonder if the 1970s are back. The Bureau of Economic Analysis report released last week did little to settle this fear, finding that the Personal Consumption
TweetShareSharePin0 Shares Today the Supreme Court announced it will not resolve a key question of state taxation: Should income tax dollars support where you work or where you live? By declining to hear a dispute between two New England states, the court maintains the current rule of “it depends.” New Hampshire vs. Massachusetts involved Massachusetts’s
TweetShareSharePin0 Shares The Tax Cut and Jobs Act (TCJA) of 2017 created the most substantial changes in business taxation in decades. But in a new analysis, published in today’s issue of Tax Notes and cowritten with my Tax Policy Center colleague Claire Haldeman, we find that, while the law promoted efficiency by reducing the level
TweetShareSharePin0 Shares Threading the infrastructure needle. On Thursday, to keep progressive congressional Democrats happy, President Biden said he would not sign a $1 trillion infrastructure bill unless it is paired with a larger package of social spending. Republicans immediately objected, saying last week’s infrastructure agreement with a small bipartisan group of senators included no preconditions.
TweetShareSharePin0 SharesHow To Purchase An Annuity An annuity is a contract with an insurance company to make periodic payments for retirement income and sometimes other purposes. There are basically two types of annuities. Fixed Annuities A fixed annuity earns a guaranteed interest rate over a specific period of time. When this period of time expires
TweetShareSharePin0 SharesPayroll Outsourcing, Top 9 Reasons Do you want any of the following? Get the best in payroll processing for less. Deflect unwanted and unwarranted government interference. Protection from check fraud artists who could/would raid your bank account. Take advantage of Tax Credits that you may not even know exist.