federal taxes Archive

2023 VAT Rates in Europe | EU VAT Rates

TweetShareSharePin0 Shares More than 170 countries worldwide—including all European countries—levy a Value-Added Tax (VAT) on goods and services. As today’s tax map shows, EU Member States’ VAT rates vary across countries, though they’re somewhat harmonized by the European Union (EU). The VAT is a consumption tax assessed on the value added in each production stage

Top 5 Reasons to Choose a CPA to Do Your Taxes

TweetShareSharePin0 Shares Each year when tax season approaches, your stress level probably skyrockets if you don’t have a regular tax preparer. Jumping around from one “big box” tax preparation company to another can make taxpayers feel like they are floundering. Working with the same tax professional ever year offers a sense of stability, and a

Creative New Ways To Help Low-Income Families File Their Taxes

TweetShareSharePin0 Shares New mothers, families with low incomes, and immigrant parents often miss out on tax benefits by failing to file returns. But with tax filing season beginning, we have identified new ways to assist them, including the use of technology and, perhaps surprisingly, nurses. The key is using community members as trusted messengers who

McCarthy and Biden Will Talk Debt Limit

TweetShareSharePin0 Shares McCarthy will meet with Biden on Wednesday. The House Speaker said yesterday he’ll meet with President Biden on Wednesday to talk about raising the debt limit in return for “reasonable and responsible” spending reductions. McCarthy said on Face The Nation that Republicans would not target Medicare and Social Security but said defense spending

VA House Approves Tax Cuts Benefitting Small Businesses

TweetShareSharePin0 Shares In December, Virginia Governor Glenn Youngkin (R) proposed multiple tax breaks for businesses in The Old Dominion State. Among these was a first-of-its-kind small business tax break that is designed to give entrepreneurs throughout the state immediate financial relief in the form of a 10% deduction for business income. At the time, Delegate

Buying Time With A Clean Debt Limit Suspension

TweetShareSharePin0 Shares House GOP considers a short-term debt limit suspension. House Republicans are internally debating a measure to suspend the statutory debt limit until the end of the fiscal year on Sept. 30. The delay would not be tied to specific spending cuts but would give Republicans more time to negotiate over possible reductions. Some

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