federal taxes Archive

How Are SEP IRAs Established To Save For Retirement

TweetShareSharePin0 SharesHow Are SEP IRAs Established To Save For Retirement A Simplified Employee Pension (SEP) plan is established when an employer adopts a SEP agreement and has a minimum number of employees working in the organization who qualify for owning a SEP-IRA account. The qualification criteria for an employee to become eligible for the employer’s

Optimizing Your Dead Links!

TweetShareSharePin0 SharesOptimizing Your Dead Links! I have been reading, with great interest, all the online advice about how to optimize a website. We have a financial planning business in Victoria, BC. Like most towns, there are lots of financial planners, investment advisors, insurance agents, brokers, dealers, and Starbuck’s locations here. Somehow we needed to find

Sources of Revenue in the OECD, 2022

TweetShareSharePin0 Shares Developed countries raise tax revenue through a mix of individual income taxes, corporate income taxes, social insurance taxes, taxes on goods and services, and property taxes. The mix of tax policies can influence how distortionary or neutral a tax system is. Taxes on income can create more economic harm than taxes on consumption

Another Step Toward A 2022 Spending Bill

TweetShareSharePin0 Shares A top-line agreement on federal spending? Appropriators say they have reached a top-line agreement on a fiscal 2022 funding bill that will allow for more spending on both defense and domestic programs. They still need to turn that very broad agreement into line items. Meanwhile, the House has passed another temporary money bill

Tax Preparation – Here Is A Great Solution

TweetShareSharePin0 SharesTax Preparation – Here Is A Great Solution When it comes to getting your taxes done, you have a few options to choose from. You can choose to do your taxes yourself or go to a tax specialist to get it done. Most individuals try to file their taxes on their own. When it

Massachusetts Gross Receipts Tax Proposal

TweetShareSharePin0 Shares The economic harms of the gross receipts tax (GRT) were well understood by the early 20th century. Not only is the tax inequitable, but it is also inefficient and distortionary. That is why most states abandoned GRTs in the early 1900s, as states developed the capacity to administer less harmful taxes. Unfortunately, some

Business Tax Deductions

TweetShareSharePin0 SharesBusiness Tax Deductions As we enter mid-March, taxpayers begin to become very interested in deductions. Following are a few that you may be entitled to claim. Deductible Expenses Office expenses Rent or lease payments Advertising Costs of goods sold Insurance costs Utilities Payments to independent contractors [file form 1099] Accounting fees Legal fees Communication

Remembering Don Lubick | Tax Policy Center

TweetShareSharePin0 Shares Don Lubick, who passed away yesterday at age 95, was an extraordinary public servant who was among the last living links to the beginnings of modern tax policy. I do not believe anyone served longer in senior Treasury tax policy positions than Don. Remarkably, he began his government career in the Kennedy Administration

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