Skip to main content

ITAT Mumbai: The strange tax case of Mr ...

It’s never black or white when it comes to ‘black money’. In identical facts, relating to the same year, the same tax court took diametrically opposed positions for two members of the same family for their links with a Swiss bank account. The cases relate to South Mumbai residents Dilip Thakkar, a reputable chartered accountant, […]

Jim Woodward | Bonner County Daily Bee

Jim Woodward, 50 • Occupation: Small Business Owner / Excavation and Marine Construction • Party Affiliation: Republican • Education: BS in Mechanical Engineering from the University of Idaho • How many years as a resident of Bonner County: 26 years in Bonner County / 11 years in Boundary County • Marital status: Married…happy! • Family: […]

Employee Member Rules – Communications f

We are aware that HMRC sends letters to LLPs regarding the salaried member rules. The salaried member rules came into force on 6 April 2014, as anti-avoidance legislation which HMRC is now seeking to review, along with other measures introduced at the same time. LLPs are “encouraged” in the letters to review their systems to […]

India seizes $725 million in Xiaomi asse...

Staff members stand near the company logo at a Xiaomi store in Shanghai, China November 1, 2021. REUTERS/Aly Song/Files Join now for FREE unlimited access to Reuters.com Register NEW DELHI, April 30 (Reuters) – India said on Saturday it had seized $725 million from the local bank accounts of Chinese company Xiaomi Corp (1810.HK) after […]

Tax Court in Brief | Treece Financial S...

Freeman Law’s “Tax Court Brief” covers all of the Tax Court’s substantive opinions, providing a weekly summary of its decisions in clear, concise prose. For a link to our Tax Court in Brief podcast, download here or watch other episodes of The Freeman Bill. Tax litigation: The week of April 18, 2022 to April 22, […]

JDA Seeks New Appraiser Meeting to Affir...

MADISON, Ga. – An opposition group reportedly hired more legal aid this week in its fight against the construction of the Rivian vehicle plant while the Joint Development Authority (JDA) has pledged to challenge the legality of a delay committee of assessors to affirm the tax-exempt status of the plant site. JDA officials also asked […]

Amid Inflation, IRS Increases Health Sav...

If you are eligible for Health Savings Account contributions, you can deposit more money starting in 2023, thanks to an inflation adjustment from the IRS. In 2023, you can save up to $3,850 with an individual health insurance plan, up from $3,650 in 2022, the IRS announced Friday. And you will soon be able to […]

Our tax headache

Fiscal space in Bangladesh is constrained by low tax revenues relative to the estimated size of the economy. At around 9% of GDP, tax collection lags behind its peers. The pandemic has exposed fiscal vulnerability. The interest-to-tax ratio fell from 21.9% in FY19 to 26.3% in FY2020 as containment measures affected revenues. Salaries and allowances […]

Myanmar introduces tax identification nu...

A recent notification (No. 20/2022) from Myanmar’s Ministry of Planning and Finance requires all businesses and organizations in Myanmar, including non-profit organizations, to apply for a Tax Identification Number (TIN) before on June 30, 2022 or within 90 days of their creation. . TINs were stipulated in the Revenue Administration Act 2019, but until this […]

The Day – Lyme proposed consistent tax r

Lyme — The Finance Council earlier this month approved a proposed $12.4 million budget for 2022-23, which will keep the tax rate at 19.95 mills for the fifth consecutive year. The budget proposal contains an increase of $1.43 million, or 13%, in expenditures over the previous year. “Lyme City does a good job of predicting […]

Tax increases push Chicagoans to their l...

Beleaguered residents are looking to local leaders for a solution. Almost half (45%) think local government should handle property tax issues. Fewer want the state government (40%) or private parties (16%) to take the lead. However, local leaders are increasing the tax burden on residents rather than easing it. In 2022, Chicago leaders plan to […]

Disney Says Florida Can’t Dissolve Reedy

The row between Ron DeSantis and Florida’s largest private employer now centers on whether the state can legally dissolve the special tax district that governs Walt Disney World, as the the governor and local lawmakers did so last week. The fight began after DeSantis signed a controversial bill last month banning schools from instructing children […]

Where is my refund? The IRS Has Answers...

The big question many taxpayers are asking now is, “Where’s my refund?” You have a chance to get a straight answer via IRS.gov. But then again, maybe not. Many taxpayers – who can’t get through blocked Internal Revenue Service phone lines – complain that the “Where’s my refund?” tool does not help them either, according […]

Many Unhappy Returns: How to Handle a Ba...

When I was about nine years old, my mother took me to the local hair salon to have my hair done. I had straight brown hair. And every Saturday night, my mom religiously smeared my hair with Dippity Doo and put me to bed with curlers to get my hair puffed up for Sunday church. […]

Limited return of labor repression again...

These companies were able to claim that their profits were generated by intangible assets like intellectual property created elsewhere and with contracts conveniently drafted in low- or zero-tax jurisdictions. The ATO began the long process of legal and enforcement battles to ensure Australia could get more Australian sales and services tax and to stop companies […]

Election 2022: Employers risk legal acti...

According to Labor’s speech on Thursday, the ATO would also have to meet as-yet-undetermined recovery targets for super defaulters, which would be made public and reported annually. However, Financial Services Minister Jane Hume said placing a super in national employment standards is ‘no panacea’. “There are already multiple mechanisms for the recovery of unpaid pension […]

News from Rishi Sunak – live: ‘Silly’ to

Keir Starmer calls Boris Johnson the ‘Comical Ali’ of the cost of living crisis Rishi Sunak said it would be “stupid” for the government to consider more help for families who are feeling the cost of living at the moment despite skyrocketing energy bills. Britons face an average £700 rise in their gas and electricity […]

Amgen says IRS seeks billions in back ta...

April 27 (Reuters) – Amgen Inc (AMGN.O) said on Wednesday the U.S. Internal Revenue Service (IRS) was seeking an additional $5.1 billion in back taxes, plus interest and penalties , related to accounting for the drugmaker’s profits from 2013 to 2015 between the United States and Puerto Rico, the location of most of its manufacturing […]

The Austrian carbon tax is almost here. ...

The Austrian tax code is about to bring about a radical change. In less than three months, the country will begin its announced its intention to reform the country’s tax system with the aim of reducing greenhouse gas emissions, and this could change the perception of these types of taxes forever. In its most basic […]

ElectSCorp offers the fastest way to fil...

HOUSTON, April 27, 2022 (GLOBE NEWSWIRE) — A Houston-based legal and tax services provider offers a digital platform to help business owners complete Form 2553 – the documents needed to complete the S-Election Corp. ElectSCorp — which has been serving corporate clients since 2010 — launched the online platform in response to a backlog in […]

Saint-Bonaventure obtains tax-exempt sta...

ELLICOTTVILLE – The Cattaraugus County Capital Resources Corporation on Tuesday approved an application by St. Bonaventure University for a $25 million tax-exempt bond issue. The Capital Resources Corporation, an arm’s length arm of the Cattaraugus County Industrial Development Agency, will enable the university to build a 30,000 square foot residence hall for 80 students with […]

LaSata amendment paves the way for new d...

LANSING, Michigan— State Senator Kim LaSata on Tuesday sponsored an amendment to the Senate’s fiscal year 2023 state budget plan that sets aside funds in anticipation of further negotiations on tax relief for families and seniors. “This amendment opens the door for discussion as we look for ways to ease the tax burden for Michigan […]

Bernie Sanders would have voted against ...

Bernie again complains about the Space Race. In a column for The Guardian, Democratic Senator Bernie Sanders hailed the 1969 moon landing as a triumph of the state, a shining example of political will and democratic socialist ideals. Now, he says, the capitalists have moved in after a “huge effort” to privatize space exploration, with […]

Unions promise crackdown on multinationa...

Labor has promised to close loopholes used by multinational corporations to avoid paying taxes to “level the playing field for Australian businesses” if they win the federal election. Key points: Labor says its multinational tax reform plan would generate almost $2 billion in revenue Party says multinationals have used tax havens and avoidance schemes to […]

Mesa grandma and 25-year-old accountant ...

PHOENIX (3TV/CBS 5) – JoAnne Ralph and Ben Barchilon have a special bond, and it all started with their love of the Phoenix Suns. “It’s just wonderful to have another grandson,” Ralph said. “It upsets my granddaughter because she says ‘I don’t share you!’ And I said, yes you are. “I don’t have a grandmother, […]

ARMOR Residential REIT, Inc. Announces M...

VERO BEACH, Fla., April 26, 2022 (GLOBE NEWSWIRE) — ARMOR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the cash dividend of May 2022 for Common Shares. May 2022 Common Share Dividend Information Month Dividend Register holder Date Payment date May 2022 $0.10 May 16, 2022 May 27, 2022 Certain […]

Kimberley sees a 5.58% tax hike

Kimberley City Council Report By Nowell Berg On April 25, the Kimberley Town Council held its regular bi-monthly meeting. Councilors Kyle Dalum, Kent Goodwin, Nigel Kitto, Jason McBain and Sandra Roberts were present along with Mayor Don McCormick. Com. Darryl Oakley was absent. Due to pandemic restrictions, the public and media are not permitted in […]

Tax prep business owner sentenced to jai...

ROANOKE, Va. (WDBJ/U.S. Attorney’s Office News Release) – The former owner of a tax preparation business who defrauded at least eight small businesses has been sentenced to 24 months in federal prison for wire fraud and convicted to pay $190,294 in damages. According to court documents, Lisa Tucker Dillard, 60 of Roanoke, owned and operated […]

Reviews | Biden must explain why GOP li...

Placeholder while loading article actions The political landscape is littered with Republican lies and evidence of their authoritarian schemes. Consider the evidence of their anti-democratic leanings from last week: Former Georgia Sen. David Perdue, who was backed by defeated former President Donald Trump in his state’s Republican gubernatorial primary, kicked off his debate with incumbent […]

Unrealized Net Appreciation: A Hidden Ta...

Most people are familiar with the idea of ​​saving as much as possible during their working years and investing their savings wisely to maximize returns once they retire. But it is equally important to consider the tax strategy. After all, if you pay more tax on your retirement distributions than the law requires, it can […]

Notice: Notice to council regarding its ...

Opinion BY DAVE PRICEDaily Post Editor Please note that this is not an editorial against the business tax proposed by the City of Palo Alto. I will wait to write an editorial recommending for or against when the measure is complete. But it’s more of an analysis of what the board is currently considering with […]

City of Portland budget submission inclu...

Acting Portland City Manager Danielle P. West introduced the city’s 2023 budget during Monday’s city council meeting. The presentation was delayed for two weeks before allowing more time to resolve a multi-million dollar budget shortfall. According to West, if she had come up with the budget on time, it likely would have included $13 million […]

Trump held in contempt of court for subp...

A judge ruled that donald trump is in contempt of court for failing to turn over records as part of New York’s investigation into valuations of his real estate company’s assets. Monday’s decision, which includes a fine of $10,000 a day until the former president produces the documents, came after a hearing in which Trump’s […]

Houston-area judge urges Disney World to...

Houston-area judge urges Magic Kingdom to move from Florida to Lone Star State as Governor Ron DeSantis continues to disagree with Disney over so-called ‘Don’t Say Gay’ bill of the Republican leader. Fort Bend County Judge JP George wrote a letter to Disney CEO Bob Chapek saying his county would welcome the mega-resort with open […]

Governor announces rebate for filers

DENVER, Colo. — Governor Jared Polis, Treasurer Dave Young and state lawmakers announced a plan Monday morning to expedite the distribution of $400 rebate checks to income tax filers nationwide. status by September. Married couples who filed jointly can expect an $800 rebate check under the plan. The Governor explained that the Treasury experienced a […]

Important tax changes introduced by Law ...

Law No. 7394 brought important changes related to tax legislation. These amendments relate to: an effective repentance mechanism for tax offenses and sanctions; a recidivism mechanism for tax offenses and sanctions; an increase in the upper limit of prison terms for tax evasion offences; Exemption from VAT for certain goods and services obtained under an […]

Rachel Reeves promises Labor will close ...

Labor has pledged to close the ‘no-dom’ tax loophole used by Chancellor Rishi Sunak’s wife to save up to £20million in UK tax. Rachel Reeves, the shadow chancellor, said it ‘simply isn’t fair that those at the top can get outdated non-dom tax benefits’ as ordinary people struggle with tax hikes taxes and the cost […]

Labor pledges to scrap tax relief for no...

Next Labor government would scrap no-dom status used by the wealthy to lower their tax bills, party says The Independent. The decision comes later The Independent revealed that Rishi Sunak’s wife, wealthy businesswoman Akshata Murty, had used non-domicile status to minimize her UK tax bill and exposed alleged links between Mr Sunak and offshore trusts. […]

Is the interest on the minor’s PPF accou

I work with a multinational company (MNC) and my contribution to the Public Provident Fund (PPF) is approx. ₹5,000,000. Can I open separate PPF accounts for my two minor children? Will the interest on these PPF accounts be clubbed with my income and is it taxable? Also, my wife is a doctor and contributes ₹1.5 […]

More than 700 Apas accumulate with the i...

Requests for agreements to prevent tax disputes between multinational companies and Indian authorities have been piling up at the tax office due to the covid-19 disruptions. Around 700 are pending, but despite the seemingly high odds, the Central Commission for Direct Taxation (CBDT) hopes to conclude a record number of these agreements, called advance price […]

Sales tax filings rebound in April | Ne...

Sales tax collections for the April reporting period rebounded in Muskogee after a month-long lull snapped an eight-month streak of year-over-year gains. Data compiled by the Oklahoma Tax Commission shows the city’s share of sales tax revenue disbursed this month was nearly $2.45 million. This represents an increase of 20.06%, a gain of $491,338 from […]

Guest Comment: Property Taxes—How They A

Each year, the Central Rating District sends out thousands of notifications telling homeowners that their ratings have gone up. It’s easy to see why many Texas homeowners and businesses are rightly concerned about these assessment increases and the resulting tax increases. While serving on Corsicana City Council, I regularly hear from constituents who are frustrated […]

FDP against value added tax relief for f...

In the debate on the rise in food prices, the FDP, co-governor, refuses an exemption from VAT for certain products. Faction leader Christian Dürr told the Neue Osnabrücker Zeitung (Friday): “Unfortunately, the VAT reduction is not a targeted measure to relieve low-income people.” He also said that the reduced tax rate during the Corona pandemic […]

The average tax bill for a single family...

Country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic ofBarbadosBelarusBelgium, […]

How Proactive Tax Planning Can Save Your...

If I were to ask you how much you’ve saved in your IRA, 401(k), or similar retirement plan, I guess you could be pretty close to telling me your current account balance. But what if I asked you how much you can expect to pay in taxes on that money throughout your retirement? You would […]

HMRC locks taxpayers out of their online...

JThousands of people, including pensioners and the self-employed, cannot file their tax returns or claim refunds online, after HMRC changed the way taxpayers log into its services. Until last month, they could access the accounts after registering through Gov.uk Verify, a government service that allows users to confirm their identity using a UK driving license […]

City Council seeks to end mixed tax cate...

LOOKING WEST — In an effort to establish a fairer approach, City Council is seeking to establish separate tax classifications for municipal and personal property tax rates. The city currently uses two classes to determine the tax rate (often called the mill rate) that is applied for the annual tax levy. The two classes currently […]

On The Money — Disney loses special tax

iStock President Biden has sued Florida Republicans for revoking Disney’s special tax status. We’ll also look at Biden’s response to sky-high gas prices and a new Fed study looking at the impact of ending the unemployment benefit extension. But first, find out why the Dow Jones fell nearly 1,000 points. welcome to money, your nightly […]

Which tax experts should you hire for yo...

The real success and key to any thriving business in today’s world is a solid understanding and regulation of accounts. If you are just beginning your journey for your start-up business or collaborating with someone for the same, it is necessary for you to acquire knowledge in accounting and tax services. For young aspirants in […]

Cedar Rapids prepares to restart paying ...

CEDAR RAPIDS — The City of Cedar Rapids is preparing to distribute revenue from an overnight hotel guest tax to local cultural, entertainment and recreation nonprofits, which will reinvigorate a source of funding that has not been offered since the start of the COVID -19 pandemic approximately two years ago. Before the pandemic, organizations that […]

DeSantis wanted to punish Disney. The r...

Updated April 22, 2022 4:07 PM ET Governor Ron DeSantis on Friday signed a bill stripping Disney World of its “special independent district” status, responding to his demand to punish the Disney Company for its stances on social and educational issues. The bill will reduce Disney’s autonomy, but it could impose a high cost on […]

Government of Canada announces over $32 ...

Households in rural communities will benefit from funding to increase access to high-speed Internet OTTAWA (ON), April 22, 2022 /CNW Telbec/ – Today, Francois DrouinMember of Parliament for Glengarry–Prescott–Russell and Parliamentary Secretary to the Minister of Agriculture and Agri-Food, on behalf of the Honorable Gudie Hutchings, Minister of Rural Economic Development, highlighted over $32 million […]

Spotlight on International Tax Lawyer Am...

Our Spotlight series sheds light on the careers and lives of tax professionals around the world. This week, Spotlight on Amanda Pedvin Varma, Partner at Steptoe & Johnson LLP in Washington, D.C. When not working with clients, Varma works as an adjunct professor at Georgetown University Law Center, where she teaches international inbound taxation in […]

Create a next-generation sales tax pract...

Chris Vignone, with 25 years of sales tax experience in the public and private sectors, founded PM Business Advisors to specialize in state and local taxes, federal taxes and strategic planning. As sales tax matters became more complex, he saw growing demand from clients to help him file their sales taxes. Chris has found a […]

Florida Governor DeSantis may repeal Dis...

The newly painted Cinderella’s Castle at Walt Disney World’s Magic Kingdom with a 50th anniversary crest. Photo taken August 30, 2021.Jean Raoux/AP Images Florida lawmakers have voted on a bill to remove Disney’s special tax status. But taxpayers may have to cover the debt if the special status is revoked, CNBC reported. The bill is […]

No personal bank account, no texting and...

Grilling gets tough on day two of Blac Chyna being cross-examined by a Kardashian-Jenners attorney. Chyna was forced to admit that she had no bank account and no saved text with her ex Rob Kardashian. Chyna also revealed that she hasn’t filed her taxes since 2018. Loading Something is loading. Blac Chyna struggles to keep […]

Canada open to more measures to curb rea...

Real estate signs stand in front of new homes under construction in Ottawa, Ontario, Canada, May 27, 2021. REUTERS/Patrick Doyle Join now for FREE unlimited access to Reuters.com Register OTTAWA, April 21 (Reuters) – Canada’s ruling Liberals are considering further measures to curb real estate speculation after introducing a ban on foreign buyers and higher […]

Founder-in-Residence work is the new “it

There has always been a special and coveted role within Silicon Valley startups and companies. Primarily driven by the status or caliber of the candidate (think a former consultant at McKinsey, Bain or BCG, and an MBA graduate from HBS, Stanford GSB or Wharton), these roles have become highly respected in a short time. First […]

US finance updates: tax refunds, Powerba...

Update the narrationSee the full narration the tax deadline spent three days ago in the United Statesso unless you have an extension, you will need to get all your documents. For those who only filed their taxes in the days and weeks before tax day, you may be waiting for a tax refund. In this […]

Low-Tax States Grow Faster Than High-Tax...

(The Center Square) – A recently released report examines the tax burden and economic climate of 50 states and ranks them, with Utah coming in first and New York last. the reportpublished by the American Legislative Exchange Council (ALEC), states that “reducing taxes, paying down debt, and maintaining free-market policies have significantly helped states attract […]

Athens City Council talks about tax refu...

ATHENS — Athens City Council heard news Monday night about the city’s current tax refund status and passed an ordinance approving a tax amnesty program. “We started the year with $350,000 earmarked (for tax refunds), which is $100,000 more than we could have needed,” City Auditor Kathy Hecht said. “We have now spent $380,000 on […]

Chargebee brings market-leading solution...

Chargebee + Razorpay Chargebee partners with Razorpay Chennai, India, April 21, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, has announced its partnership with Razorpay, India’s leading comprehensive financial solutions company, to offer subscription billing services in India. The partnership highlights Chargebee’s commitment to customer growth and globalization with expanded capabilities to handle […]

Bowing to DeSantis, Florida Legislature ...

Placeholder while loading article actions The feud between Florida Governor Ron DeSantis and the Walt Disney Company continued to simmer on Wednesday as the GOP-led legislature moved closer to dissolving the entertainment giant’s special tax status. The state Senate voted to dissolve the Reedy Creek Improvement District, a 1967 agreement between the state and Walt […]

Biden prescription drug pricing and pric...

One of the centerpieces of the Build Back Better Act (BBBA) passed by the House last year was drug pricing legislation, which could be included in the next version of the BBBA, now renamed the Inflation Control, Climate and Deficit Reduction Bill. While headline inflation is at an alarming rate, with the most recent 12-month […]

The IRS is unable to do your taxes

Every year, Americans struggle to comply with the complex and confusing tax code. Americans collectively spent about 1.9 billion hours filing their individual tax returns in 2020. Taxpayers also incur out-of-pocket costs of about $36 billion, or $230 per average taxpayer. Progressives regularly say that there is a simple solution to this tax complexity: ask […]

Kansas governor signs bipartisan budget,...

WICHITA, Kansas (KWCH) – Governor Laura Kelly signed the state budget on Wednesday. His office says the budget passed with overwhelming bipartisan support and allows the state to continue economic growth through targeted investments in basic services, higher education and workforce development. . Budget Highlights: The budget closes the Bank of KDOT and ends other […]

Live U.S. Finance and Payment Updates: M...

Which taxpayers have more time to file their tax returns? Apart from residents of Maine and Massachusetts, most U.S. taxpayers had until yesterday’s deadline to file their 2021 tax returns. However, some people are automatically eligible for an extension. Victims, those who serve in combat zones and those who live abroad automatically have more time […]

Taxing capital income

Capital income legislative changes have significantly reduced the federal income tax base and revenues over the past 25 years. A significant portion of capital income is never subject to tax. The massive “leakage” between generating economic income and reporting income on tax forms requires careful analysis of (a) what forms of income do not appear […]

Mission Creep wreaks havoc as IRS juggle...

If you’ve been stuck on the IRS customer helpline for hours, you’re probably not right behind other people with tax questions. Lines are also jammed with parents confused about new pandemic benefits, people missing stimulus checks and sometimes even applicants for disaster relief from the Federal Emergency Management Agency. The Covid-19 pandemic has amplified longstanding […]

Hillsborough to review tax issue as $562...

TAMPA — Two weeks ago, Hillsborough Commissioner Stacy White jumped ship in support of a plan to resolve the $562 million stranded status of a canceled transportation sales tax. This week, White said he was not only back on board, but believed he and the citizens’ group, All for Transportation, were “all rowing in the […]

Citrin Cooperman continues to expand its...

Citrin Cooperman announced the joining of McNulty & Associates, Inc. (“McNulty”), a provider of professional Price-to-Win (PTW) and competitive analysis and valuation services. McNulty’s Founder, President and CEO, Michael McNulty, will join Citrin Cooperman as a partner, as well as the company’s nationwide team of employees and consultants. The McNulty team will bring depth, growth […]

Another State Victory Against ARPA Tax M...

Yet another court ruling ruled against an attempt by Congress to limit states’ ability to set their own tax rates. On March 11, 2021, President Biden signed into law the American Rescue Plan Act, allocating nearly $200 billion to states to mitigate the fiscal effects of the COVID pandemic. But in a historically unprecedented move, […]

Confusion leads to a delay in the tax ru...

ATHABASCA — In Athabasca County, there are 2,600 properties that are taxed correctly but generate virtually no revenue for municipal coffers, which council has chosen to address with the implementation of a minimum tax, but this decision creates some confusion. At the April 12 regular meeting, three scenarios were presented to the board with different […]

NV officials prosecuted for cannabis sta...

Efforts to decriminalize AD psychedelics; MO legalization deadlines are approaching; Ben & Jerry’s urges Senate to act against marijuana; Why The KY Cannabis Bill Is Dead Subscribe to get the Marijuana Moment newsletter delivered to your inbox every weekday morning. It’s the best way to make sure you know what cannabis stories are shaping the […]

Nominations are open for the 2022 Tax an...

Now in their 19th year, the CPA Practice Advisor Tax and Accounting Technology Innovation Award highlight the technologies that are shaping the tax and accounting professions, and the small businesses they serve, through increased collaboration and productivity. These tools allow companies to better manage workflows and be more productive and secure, while interacting with customers […]

Syndicated Conservation Easements Case S...

Syndicated Conservation Easements Case Study When it comes to US tax, the general consensus is that US taxpayers want to pay less. For some taxpayers who may be working in a W-2 job and have a high income, there aren’t many (legitimate) deductions they can take beyond their 401(k) maximum. As the taxpayer earns more […]

G20 ministers urged to use crackdown on ...

G20 countries are being urged by a group of renowned economists to use the crackdown on the wealth of oligarchs under Ukraine sanctions as a spur to tackle tax havens once and for all. An open letter sent to the 20 finance ministers before their meeting on Tuesday called on them to implement a global […]

5 Best Accountants in New Orleans, LA

Below is a list of the best accountants in New Orleans. To help you find the best accountants located near you in New Orleans, we have compiled our own list based on this list of rating points. The best accountants in New Orleans: The top rated Accountants in New Orleans, LA are: Kushner LaGraize LLC […]

Sponsor Spotlight: Protect Your Emergenc...

Most financial experts suggest saving three to six months of household expenses to help with emergencies. But with record inflation, this task has become much more difficult to accomplish because virtually all safe places to put your emergency funds will not provide interest rates that keep pace with inflation. But that doesn’t mean you can’t […]

Tax reform on the back burner as persona...

One of the most bizarre aspects of the current federal election is that the battleground seems to be deliberately fought around personalities rather than politicians. Even the most dedicated politics buff would struggle to find anything to differentiate the major parties with surprising consensus on most issues and a clear lack of reform to existing […]

Tax day: file before midnight

As long as you file your electronic return before midnight, you have met the deadline. What happens in the event of a computer problem? GREENSBORO, NC — When I say time is running out, I’m not exaggerating.You have until 11:59:59 p.m. to file your taxes before the April 18, 2022 deadline. Back then you could […]

The IRS has already issued 70 million re...

It’s Tax Day for most Americans, which is the deadline for paying income taxes owed and submitting a tax return or filing an extension to get an extra six months to file a 2021 return. But, chances are that if you have already filed your return and are receiving a refund, you are eagerly awaiting […]

Stimulus, tax return update: Last chance...

Time is running out to claim last year’s economic impact payment worth up to $1,400 per person. The money was part of the US rescue package approved in March 2021 and was the third in a series of stimulus payments during the COVID-19 pandemic. Most eligible people have received their money, but those who haven’t […]

In other countries, the government fills...

As midnight approaches Monday, countless Americans will finally be ready to press the send button on their computers to send their federal and state tax forms to Uncle Sam. They will do so after spending days gathering receipts and forms, shelling out money for computer software to help them settle what they owe or what […]

Financial instruments in which to invest...

When it comes to planning for your retirement, there are a number of financial instruments you can invest in to help build your retirement capital. Let’s look at some of these debt securities as well as equity instruments. Debt Options: In terms of rate of return, the Employees Provident Fund (EPF) tops the list. The […]

Policymakers have reason to worry as UK ...

Easter traditionally marks the start of the annual home buying season, but this year potential sellers didn’t need to mow the lawn and paint the living room as the market is already hot. Demand for property has been strong since the UK emerged from lockdown in the summer of 2020. Mortgage approvals are up on […]

Should your child file their taxes this ...

**Related video above: More local leaders are late paying their taxes** (NEXSTAR) — Tax Day is just days away and while there’s been a lot of talk about how your dependent children can help you with your tax refund, they can need your help to recover their own money. A child can be claimed as […]

Connecticut woman reimbursed $400,000 in...

A Brookfield woman could face up to five years in prison after pleading guilty to a federal tax offense, federal officials say. Lizbel Sanchez, also known as Lizbel Diaz, 47, waived her right to be charged and recently pleaded guilty in Bridgeport federal court to one count of willful failure to collect or pay taxes. […]

Will the University of California lose i...

Quietly, University of California faculty have been planning for nearly six months to jeopardize the institution’s tax-exempt status and its long-standing impeccable credentials as an unbiased source of reliable information. This isn’t the first time UC has seriously considered an outlandish decision – and sometimes those decisions are actually made. Just last year, for one […]

Checking your bank account for your tax ...

If you have an upcoming tax refund, you can normally expect to see a deposit arrive in your bank account within 21 days of filing your electronic return – this is one of the benefits of electronic tax returns with direct deposit. But, there may be delays. The best way to check the status of […]

Cigarette and shisha prices could rise a...

The Nigerian federal government said on Friday that the new tobacco tax regime will come into effect on June 1, 2022. Fatima Hayatu, Director of Technical Services at the Federal Ministry of Finance, said so during a meeting with the Center for Civil Society Legislative Advocacy (CISLAC). Okeke Anya, head of the organization’s Tobacco Tax […]

When is the last day you can file your t...

As Tax Day 2022 approaches, many people have two things on their minds: deadlines and refunds. This year, the filing date is later than usual. Here’s what you need to know about the 2022 tax deadline and tax refunds this year. When is the 2022 tax filing deadline? While most Americans will have filed their […]

$1.93 billion in sales expected for H&R

Brokers expect H&R Block, Inc. (NYSE:HRB – Get Rating) to post sales of $1.93 billion in the current fiscal quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for H&R Block. The lowest sales estimate is $1.93 billion and the highest is $1.94 billion. The company is expected to release its next quarterly results […]

Returns Control The key to ensuring acco...

All modern tax administrations, both direct and indirect, rely on the taxpayer to self-assess their liability and pay taxes accordingly. The emphasis is on trust in the taxpayer. That said, the tax authorities must be informed that the correct tax liability has been discharged. Any legal person carrying out an activity liable to be taxed […]

Letters, April 16: “The Liberal focus is

Breadcrumb Links Letters Publication date : April 16, 2022 • 6 hours ago • 2 minute read • 13 comments Premier Jason Kenney refuels his truck after a news conference at the Co-op on Macleod Trail SE Friday, April 1, 2022. Alberta has temporarily reduced the price of gasoline by 13 cents per liter. Photo […]

Everything you need to know about filing...

GRAND RAPIDS, Mich. — Tax season is already a stressful time, and for many, filing municipal taxes can be even more confusing. At least, that’s the stereotype. However, the Grand Rapids Income Tax Administrator said it’s not as complicated as one might think. “It’s not fun anywhere, but it shouldn’t be difficult,” said Colton Hounshell, […]

Bidens earned more than $610,000 in the ...

President Joe Biden and First Lady Jill Biden said they paid six figures in federal income taxes last year as the White House pushes for higher levies on the wealthy. The Bidens, who jointly filed their 2021 federal income tax returns, said they earned an adjusted gross income of $610,702 in the White House. Their […]

IRS to send notices of backup withholdin...

Beginning in mid-April 2022, the Internal Revenue Service will issue CP2100 and CP2100A notices to financial institutions, businesses, or payers that have filed certain types of information returns that do not match IRS records. These information statements include: Form 1099-B, Proceeds from Brokerage and Barter Transactions Form 1099-DIV, Dividends and Distributions Form 1099-G, Certain Government […]

Taxes due Monday, April 18. Are you rea...

Kevin Robinson of Robinson Tax Service and Ryan Dodson of Liberty Tax Service have joined us to help you navigate it. GREENSBORO, NC — Tax Day is Monday, April 18, 2022, whether you file or request an extension. Kevin Robinson of Robinson Tax Service and Ryan Dodson of Liberty Tax Service have joined us to […]

California’s economic recovery continues

Published: April 15, 2022 SACRAMENTO – Governor Gavin Newsom released the statement below regarding today’s jobs report, showing that California’s job growth over the past year continues to outpace that of the nation at 6.4% in March, compared to US jobs gains of 4.5% during this period: “Today’s report is more good news for California’s […]

How Federal Tax Law Hurts Black American...

Reading time: 5 minutes President Joe Biden recently proposed a new “minimum income tax for billionaires” it would raise taxes on the wealthiest Americans. The measure would require households worth more than $100 million to pay a new tax at a rate of at least 20% of their income and on unrealized gains in the […]

Five expert tips for pro gamers and stre...

Taxes are not easy for young professionals in the gaming industry. Income can come from many sources, and it is necessary to keep an eye on every purchase. The Dallas Morning News reported on this, sharing the experiences of Call of Duty League OpTic Texas players and advice from accounting gurus. Here are expert tips […]

China launches first tax office for Port...

SHENZHEN (China Daily/Asia News Network): A tax cooperation office for Portuguese-speaking countries and regions was officially established on Tuesday (April 12) in the Hengqin New Area, a free trade zone in the neighboring city of Zhuhai in Macau. the first of its kind in the country. It is part of the Guangdong-Macao Deep Cooperation Zone […]

Taxes due Monday and local accountants o...

The SC Department of Revenue offers special programs to help those who cannot afford to pay or file their taxes. The deadline for filing taxes this year is Monday, April 18. For those who haven’t filed their taxes yet, local accountants are offering help throughout the weekend. April Tax Services accountants at Five Points say […]

Tax Court in Brief | Norberg v. Commis...

Freeman Law’s “Tax Court Brief” covers all of the Tax Court’s substantive opinions, providing a weekly summary of its decisions in clear, concise prose. For a link to our Tax Court in Brief podcast, download here or watch other episodes of The Freeman Bill. Tax litigation: The week of April 4, 2022 to April 8, […]

Group calls for higher taxes for Pittsbu...

A public policy organization suggests that Pittsburgh Mayor Ed Gainey’s administration take steps to generate new revenue from high-income city residents and major nonprofit groups that are not subject to the municipal taxes. “We have a new political makeup in the city and Mayor Gainey was elected very explicitly because of a vision that included […]

FPA Lobbying Efforts Help Save Kentucky ...

A statutory provision that would have taxed financial advisory services in Kentucky has been removed, the Financial Planning Association announced today. The tax was included in a sweeping tax bill being considered by the Kentucky Legislature which is sitting in the state Senate for the second time after being vetoed by Governor Andy Beshear. The […]

Massachusetts House leaders unveil $50 b...

BOSTON (AP) — Democratic leaders in the Massachusetts House on Wednesday released a nearly $50 billion state budget proposal that would increase spending on areas including schools and local aid while bypassing a series tax breaks pushed by Republican Governor Charlie Baker. The budget would expand state support for early learning and child care programs, […]

pan: how to link the PAN to the EPF acco...

Employees should make sure to link their Permanent Account Number (PAN) to EPF to avoid excess withholding tax (TDS). TDS will be deducted at a rate of 10% if the EPF account is linked to a valid PAN, or double the normal TDS rate of 20%, if the EPF account is not linked to a […]

New Norwegian tax proposals will help bo...

In February, the Norwegian Ministry of Finance announced a consultation on the proposal to extend its taxing rights to Norway. This would include non-resident companies undertaking certain offshore renewable energy activities. © Provided by (Photo: Richard FrewDerek Leith, EY UK Tax Sustainability Lead. At present, like the UK, Norway generally only taxes non-resident company income […]

UK tax experts question Sajid Javid’s cl

Sajid Javid’s right to the ‘non-dom’ status he held before entering parliament has been questioned by tax experts, who say the fact that the UK health secretary was an international banker and that his father was born in Pakistan would not suffice to entitle him to the benefit. Javid, who was briefly chancellor just over […]

Funding News: Fintech Startup for Freela...

Formations co-founders Uri Bar-Joseph (left) and Shahar Plinner. (Photo Trainings) — Bellevue, a Washington State-based financial services company Trainings raised $8 million. The startup provides services and software to simplify and reduce taxes and other paperwork for freelancers. The company’s main product is a process to facilitate the formation of an “S-Corporation”, a business designation […]

Interview: Uzbekistan, an active player ...

New Europe, in an exclusive interview during the first Tashkent International Investment Forum, spoke with Laziz KudratovUzbek First Deputy Minister for Investment and Trade, on cooperation with important partners such as Europe, USA, UK and WTO. New Europa: Can you tell me about relations with the EU? Uzbekistan benefits from GSP+ but there are also […]

Global Tax Management Industry to 2027 –

DUBLIN–(BUSINESS WIRE)–The “Global Tax Management Market Size, Share, and Trend Analysis Report by Component (Software and Services), by Tax Type, by Deployment Type, by Organization Size, By End-User, By Regional Outlook and Forecast, 2021-2027” the report has been added to from ResearchAndMarkets.com offer. The global tax management market size is expected to reach USD 33.9 […]

Smart tax investments to consider now

Investing doesn’t have to be rocket science. The basic idea is to put your money to work so that it becomes much more. Of course, in practice, investing is much more complicated, and the tax bill can be daunting if you don’t make the right choices or plan ahead. One of the best ways to […]

Supervisors take a step back on adoption...

Editor’s note: Due to a production error, two pages of the April 6 issue of Powhatan Today were not printed. A story about the tax rate was not fully printed, so it is printed again here. POWHATAN — The Powhatan County Board of Supervisors had to step back from its vote to keep the county’s […]

File your taxes for free? There’s more

It’s a day that is probably of great concern and can cause anxiety: the deadline for filing this year’s federal income tax returns falls on Monday, April 18. Before that, taxpayers see dozens of advertisements promising “free tax filing” services. Is there such a thing? Chicagoans are asking this exact question. He is also at […]

A Practical Guide to R&D Tax Credits for

What is the current status of research and development (R&D) tax credits and how can you help your startup clients get them? As federal and state tax incentives, R&D tax credits encourage innovation and improved engineering design by reimbursing companies that develop new products, processes, or inventions. Thanks to the credit, companies can realize tax […]

Georgia Income Tax Cut and Reform: Detai...

After several rounds of negotiations, Georgian lawmakers enacted HB 1437 April 4and. If certain financial conditions are met, this tax reform bill will consolidate the state’s six personal income tax brackets into one flat rate, eventually reaching 4.99% over several years. The bill awaits action by the governor. During its journey through the legislative process, […]

Tax returns due April 18

The deadline for filing state and federal personal income tax returns is April 18, and the Oregon Department of Revenue estimates it will receive a few hundred thousand additional returns by then. More than 1.1 million Oregonians have already filed their personal income tax returns. Of those 1.1 million taxpayers, more than 928,000 have received […]