Skip to main content

Simpler tax rules for WFH BPOs are recom...

Call center agents of a business process outsourcing company. (AFP FILE PHOTO) MANILA, Philippines — The government should simplify tax rules for business process outsourcing (BPO) companies with work-from-home agreements to keep the BPO sector booming. House Ways and Means Committee Chairman Rep. Joey Salceda on Friday stressed the importance of “simpler and clearer tax […]

Non-salary plan (IR35 reform) to be abol...

Chancellor of the Exchequer, Kwasi Kwarteng, revealed the great news in his September 22, 2022 mini-budget that the government is considering repealing off-salary (IR35 reforms). Since then, considerable confusion has spread across social media platforms, with the most common misconception being that “IR35 has been repealed”. This is not the case and the IR35 will […]

Americans Abroad Renounce Citizenship to...

(Bloomberg) — A growing number of Americans are renouncing their citizenship to escape a law designed to crack down on overseas tax evasion. The Foreign Account Tax Compliance Act, or FATCA, requires foreign banks to report the assets of U.S. account holders to the Internal Revenue Service. It was designed to go after wealthy Americans […]

Joni Ernst targets IRS employees while b...

US Senator Joni Ernst likes to talk about “making them scream” in Washington, DC Frequently, the Iowa Republican will target an often obscure portion of the federal budget and complain about waste. Lately, the Internal Revenue Service has been in its crosshairs. In recent weeks, she has complained about Democrats’ plan to hire thousands more […]

GST input tax credit extension deadline;...

Businesses can claim an input tax credit for 2021-2022 Photo: BCCL Businesses can now claim input tax credits (ITCs) for 2021-2022 and correct any errors in outbound supply data until November 30. The government has amended the CGST and the Service Tax Law to give businesses more time to apply for input tax credit, issue […]

Cortez Masto Introduces Legislation to S...

September 29, 2022 washington d.c. – Today, U.S. Sen. Cortez Masto (D-Nev.), Sen. Ron Wyden (D-Ore.), chairman of the Senate Finance Committee, and Sen. Brian Schatz (D-Hawaii), chairman of the Senate Committee on Indian Affairs, introduces the Native American Tax Parity and Relief Act of 2022 to help support economic development in Indian Country by […]

Tax Fraud Blotter: three times the fun

No more flying trainer; under the bar; last shot in Clarksville; and other highlights of recent tax cases. Springfield, MO: Carrie Leigh Long, of Ash Grove, Missouri, was sentenced to 41 months in prison for a wire fraud in which she embezzled more than $362,000 from her employer and failed to pay nearly $1 million […]

US Senate Finance Committee Reports Alar...

In 2010, the US Congress passed the Foreign Account Tax Compliance Act (FATCA) to prevent US taxpayers from using hidden offshore bank accounts to commit tax evasion. But a massive loophole and misapplication by the Internal Revenue Service has allowed wealthy taxpayers to continue stashing billions of dollars offshore, according to a recent report by […]

The scale of the fall in the UK market s...

LONDON, Sept 29 (Reuters) – The fall in British financial assets this week has accelerated a longer historic decline, signaling a loss of international investor confidence that Britain may struggle to restore. Markets have been in turmoil since Finance Minister Kwasi Kwarteng presented a new economic program last Friday. The pound fell to a record […]

Ruto proposes Kenya Revenue Service over...

NAIROBI, Kenya, September 29 – President William Ruto has proposed renaming the Kenya Revenue Authority (KRA) to the Kenya Revenue Service (KRS) to make it tax friendly. President Ruto said Thursday during the official opening of the 13e Parliament that this decision will help transform the agency responsible for assessing, collecting and accounting for all […]

Ryan Again Named One of FORTUNE’s Best W

DALLAS–(BUSINESS WIRE)–Ryanone of the world’s leading providers of tax software and services, has again been named one of the best places to work for women™ by FORTUNE for the fifth time in the history of the Cabinet. FORTUNE and its survey partner, Great Place to Work®, use in-depth methodology combined with confidential feedback from Ryan […]

Multinationals have just bought time on ...

The Base Erosion and Profit Shifting Pillar Two initiative – which appeared to be accelerating towards widespread, if not universal, adoption next year – has encountered critical hurdles on both sides of the Atlantic. In the EU, recent developments, such as last-minute objections from Hungary, have delayed adoption of the regime by at least a […]

Breakfast in, shopping out: US tourists ...

SAN FRANCISCO/NEW YORK/LONDON, Sept 29 (Reuters) – In the weeks leading up to departing for San Francisco on their vacation this month, Jeff Skipper and his wife Valerie, from the United Kingdom, watched helplessly as the US dollar continue its meteoric rise against the British pound. The pound/dollar exchange rate – which fell to a […]

Speech at the OECD Forum on Tax Administ...

Introductory remarks Hello, my name is Andrew Leigh and as Deputy Minister responsible for multinational taxation, I am very pleased to have the opportunity to speak to you at this important forum. I will begin by saluting the traditional owners of the lands on which I make my remarks in Canberra, the Ngunnawal people, as […]

Guest Post: It’s Never Too Late to Reali

It’s never too late to realize you’re a writerGuest post by Eizabeth Wardle For many people, writing is painful. The idea of ​​writing is painful. Their memories of learning to write in school are painful. Writing is something other people do, people who just know how to write, people who aren’t them. Those of us […]

Financial Advisor Marianela Silva joins ...

CHARLOTTE, North Carolina, Sept. 28, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC today announced that Financial Advisor Marianela “Nela” Silva CFP®, has joined LPL Financial’s brokerage, RIA and custodian platforms. She said she has served approximately $120 million in advisory, brokerage and pension assets*, and joined LPL from Wells Fargo Advisors. “I’ve been an entrepreneur […]

Former Lawrence County prosecutor senten...

FRANKFURT, Ky. – Former Lawrence County District Attorney Michael T. Hogan and his wife and legal secretary, Joy M. Hogan, 41, were sentenced to 42 months and 12 months and one day, respectively, on Tuesday by the District Judge. US District Gregory Van. Tatenhove, for electronic fraud. Michael Hogan was also convicted of federal program […]

Dramatic market reaction to UK tax cuts ...

“We must offer tax relief” Global currency markets are experiencing high volatility and the New Zealand dollar has fell to its lowest level since 2020. “There are winners and losers, yes it’s great for our exporters but it’s harder for our importers and it drives up prices that way. “The big issue is we need […]

Letter: Spending taxpayers’ money on inf

I’m against the City of Steamboat Springs funding commercial organizations. I am a proponent of creating a business-friendly atmosphere. I think organizations like the Routt County Economic Development Partnership and the Steamboat Springs Chamber should be 100% funded by their members. The City of Steamboat Springs should and can encourage business development with reduced regulation, […]

SBA’s Proposed Rule Changes Protest Land

On September 9, 2022, the United States Small Business Administration (SBA) released a proposed rule (the Rule) making substantial changes to the 8(a) Business Development Program (discussed here in a previous PilieroMazza Alert). Various protest-related changes are scattered throughout the rule for the Women-Owned Small Business (WOSB), Service-Disabled Veteran-Owned Small Business (SDVOSB), and Historically Underutilized […]

How to Retire During a Bear Market – For

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Imagine retiring in this market. A 60-year-old man who owns a balanced fund – 60% allocated to stocks, 40% to bonds – has seen the value of his investment fall by 18% […]

The Tax Simplification Office will be cl...

Chancellor, Kwasi Kwarteng announced on Friday as part of the government’s mini-budget that the Office of Tax Simplification (the OTS) will be closed. The Chancellor said that “for the tax system to promote growth, Mr President, it needs to be much simpler. I am hugely grateful to the OTS for all they have achieved since […]

Tax Court in Brief | Luna c. Comm’r |

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 August 29, 2022 to September 2, […]

Analysis: Clubbed pound faces long road ...

A worker walks over a mosaic of pound sterling symbols laid on the floor of the entrance hall of the Bank of England in London, in this file photograph from March 25, 2008. REUTERS/Luke Macgregor Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 26 (Reuters) – The pound’s fall to historic lows […]

Kalus not the first to take advantage of...

Monday, September 26, 2022 GoLocalProv News Team View larger + GOP candidate for Governor Ashley Kalus and former Governor Lincoln Chafee PHOTOS: GoLocal GOP gubernatorial candidate Ashley Kalus is being criticized for living in Newport, Rhode Island, and claiming tax relief for residency on property in Illinois. She and her husband receive an annual tax […]

Pound drops sharply against dollar after...

LONDON — The pound sterling hit an all-time low against the U.S. dollar on Monday, reflecting sharply negative scrutiny of the new government’s plan for deep tax and loan cuts and adding to consumer anxiety gearing up already experiencing soaring energy bills this winter. The sharp decline in the value of the pound comes as […]

India—Recent Developments in the Tax Env

A wide range of initiatives and reforms are underway in India aimed at boosting investment and performance in manufacturing, financial services, exports and the economy in general. Added to this is a growing number of free trade agreements as well as cross-border tax treaties. The Indian government is also modernizing its tax policies and administration, […]

What is FATCA (Important Foreign Account...

What is FATCA FATCA refers to the Foreign Account Tax Compliance Act. The concept behind FATCA is to facilitate global tax compliance by having the United States enter into bilateral agreements Intergovernmental agreements with foreign countries, in order to work together to reduce overseas tax evasion and other offences. To date, the US government has […]

CARITO tax credit for caregivers will bo...

An income tax credit for carers returning to paid work has been proposed in a new paper from KPMG, as part of a wider effort to properly value time spent in unpaid work. The report, Towards a New and Better Era in Women’s Equality: Valuing Unpaid Work, contains several ‘affirmative action’-based proposals that address the […]

Keir Starmer pledges to restore top inco...

Keir Starmer is seeking to draw new battle lines with Liz Truss as he pledges to restore the top rate of income tax and funnel the resulting billions into the NHS and other public services. The Guardian understands that Labor will explain in more detail on Monday how it would use the money raised by […]

Sunak defends his wife’s tax status and

UK Finance Minister Rishi Sunak has defended his wife over her tax situation in the UK, saying whatever is owed in the country will be paid. The Sun reported that “every penny she earns in the UK apparently pays UK tax”. “And every penny she earns internationally, for example in India, will be fully taxable.” […]

Harrison County Passes 2022-23 Budget an...

The Harrison County Court of Commissioners recently passed a budget of $32.058 million and a tax rate of $0.3110 per $100 of assessment for the upcoming fiscal year, effective Oct. 1. “We had our hearing, which no one showed up for any of the hearings,” Harrison County Judge Chad Sims noted. “There was no one […]

Warning – 4% savings rate is best in a D

As the Bank of England hikes interest rates, smaller “challenger” banks are offering eye-catching savings deals. Atom Bank responded by launching a two-year fixed-rate bond yielding 4%, the market’s first, the first time a bank has offered this in a decade. Atom has also increased its Instant Saver easy access rate to 1.90%, and other […]

DeSoto City Council Passes Overall Budge...

Facebook Twitter pinterest The DeSoto municipal tax rate has now decreased for the past 12 consecutive years The DeSoto City Council considered a number of zoning changes during last week’s council meeting, but the agenda item affecting the most people was the budget and tax rates. Peter James explained the budget and noted that all […]

How do I track my tax refund and when wi...

Oif it is an individual tax returns are normally due April 15th, this year the date landed on a Friday, so the IRS moves the due date past the weekend, so it has been moved to Monday, April 18. April 18, 2022 was the date that individual filers could enter their taxes without penalty. Employees […]

Removing the top income tax rate is righ...

In fact, the last two chancellors to cut the top tax rate went on to help their parties win the subsequent general election. Maybe this one will be too. It was definitely the hat rabbit. We already know about the cancellation of the National Insurance increase, the removal of the planned corporate tax hike, the […]

7 Things to Know About Required Minimum ...

By Roger Wohlner It’s important to understand how RMDs work – make sure you follow the rules Required Minimum Distributions (RMDs) are IRS-mandated distributions from retirement accounts. It’s important to understand how they work to make sure you’re following the rules. Here are seven things to know about RMDs. When should you start RMDs? Effective […]

Visionary Head of RH CPAs Leon Rives Ann...

Greensboro, North Carolina, September 24, 2022 (GLOBE NEWSWIRE) — HR CPA, PLLCa North Carolina– accounting, tax and consulting firm with offices in Lexington, Greensboro and Charlotte, North Carolina and Karachi, Pakistanwas rewarded Captive InternationalUS Accounting, Auditing, and Tax Firm 2022 designation. Daniel Milan, director of insurance services, was named top individual winner in the category; […]

Chancellor’s tax cut plans fail to find

During a lull in bustling lunchtime trading at Bury market in north-west England on Friday, traders Tony and Mary Sinacola pondered the drastic ‘mini-budget’ to slash government taxes. Hours earlier, Kwasi Kwarteng, the Chancellor, unveiled the new administration’s first tax event, ushering in £45billion in tax cuts – the biggest in half a century – […]

Stocks fall, dollar soars and bonds plun...

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears […]

Harris County commissioners to review Se...

Harris County commissioners will have a second opportunity to vote on the proposed tax rate at their Sept. 27 meeting, provided at least four court members are present. Precinct Commissioner 3 Tom Ramsey and Police Station Commissioner 4 Jack Cagle skipped the previous Sept. 13 meeting, denying the court the quorum needed to hold a […]

Former Watershed Coalition director appe...

QUEENSBURY — The former director of the Lake George Watershed Coalition, convicted of stealing a quarter of a million dollars in grants, is seeking to overturn the verdict. David Decker, of Burnt Hills, was sentenced in September 2020 to 8 to 24 years in prison after being convicted in March 2020 of grand larceny, fraud […]

Spotlight on Attorney and Tax Practice D...

Our Spotlight series sheds light on the careers and lives of tax professionals around the world. This week’s spotlight is on attorney Mitchell Trager, a FORVIS tax practice manager, where he focuses on incentives and credits. Trager joined FORVIS this year and works from its Atlanta office, serving public and private clients both domestic and […]

Main features and ambiguities of the new...

September 23, 2022 Cadwalader, Wickersham & Taft LLP To print this article, all you need to do is be registered or log in to Mondaq.com. The Curbing Inflation Act 2022 imposes a minimum business books tax (“BMT”) of 15% for tax years commencing after December 31, 2022. The BMT is a 15% tax on the […]

Pound falls to lowest since 1985 as Kwas...

ghello. All eyes are on Kwasi Kwarteng today as he prepares to unveil a series of tax cuts in his mini budget. Economists at the Institute for Fiscal Studies said today’s announcements would likely represent “the biggest tax-cutting fiscal event since Nigel Lawson’s 1988 budget.” The Chancellor has already confirmed that the recent National Insurance […]

Governor Newsom issues legislative updat...

Published: Sep 22, 2022 SACRAMENTO — Governor Gavin Newsom today announced action on a number of bills, including AB 2097 by Assemblywoman Laura Friedman (D-Glendale). This measure signed by the Governor will prohibit minimum parking requirements for new residential, commercial and other developments located near public transit to reduce vehicle emissions and promote denser, more […]

DC attorney general sues Liberty Tax for...

The Washington, DC attorney general filed a consumer protection lawsuit against Liberty Tax accusing the tax-prep chain of misleading consumers with misleading ads and promotions and predatory pricing. DC Attorney General Karl Racine’s office filed a lawsuit Wednesday against Liberty, which is the nation’s third-largest tax-prep chain. The lawsuit alleged that Liberty aggressively marketed its […]

At Alaska gubernatorial candidates’ foru

Alaska independent gubernatorial candidate Bill Walker (right) and Democratic candidate Les Gara (left) listen to a question from the debate moderator Wednesday, Sept. 21, 2022 at the Alaska House Governors Forum in Fairbanks, in Alaska. (James Brooks / Alaska Beacon) FAIRBANKS — At a candidates’ forum hosted Wednesday in Fairbanks by the Alaska House, Democratic […]

Tom Patti didn’t vote to raise the gas t

To claim: San Joaquin County Supervisor Tom Patti voted to raise health care costs, prescription drug prices and the gas tax, according to an ad paid for by opponent Rep. Josh Harder. Evaluation: Out of context. The votes in the ad and corresponding website are fee revisions for San Joaquin General Hospital services in 2018 […]

Crypto Binocs Tax Reporting App Helps Us...

Tracking tax compliance for cryptocurrency can be tricky, especially since many laws are new (or haven’t been written yet). That is why Binocs Was found. Users integrate their exchanges and wallets, and Binocs provides tax reporting and other accounting details. The startup announced today that it has raised $4 million to expand into markets including […]

What happens after Kentucky’s income tax

FRANKFORT, Ky. — Income taxes will drop half a percent because of House Bill 8 earlier this year, but the real impact is still a long way off. What do you want to know Kentucky lawmakers passed a bill in the regular session earlier this year that could eventually eliminate state income tax altogether. Income […]

Vallejo tax preparer and business owner ...

SACRAMENTO, Calif. — Emilio Lara, 55, of American Canyon, pleaded guilty on Tuesday to willfully aiding and abetting the preparation and submission of false and fraudulent tax returns, U.S. Attorney Phillip A. Talbert announced. . According to court documents, Lara owned Lara’s Income Tax Services, a tax preparation business in Vallejo. From 2009 to 2012, […]

MEDIA ALERT — 2023 projections for infla

–(BUSINESS WIRE)–Sep 21, 2022– What: Many Internal Revenue Code amounts are subject to annual adjustments for inflation. Many of these adjustments are tied to the Consumer Price Index numbers released in mid-September. Wolters Kluwer uses these CPI figures to project 2023 adjustments to tax code amounts related to these CPI figures. The IRS will generally […]

Dutch Tax Plan 2023 – Lexology

On September 20, 2022, the Dutch government presented its 2023 tax plan and other important tax measures for the coming years. In this Tax Alert, we will highlight the most important proposals and their potential impact on corporations and individuals. We will also discuss other Dutch tax changes that have already been passed as well […]

EY Annual Report 2022 | Realized value ...

EY Value Realized 2022 is our annual report on how we are creating long-term value for our stakeholders – EY employees, customers and society. What does it mean to create long-term value? For EY people, this means giving them the experience, training, skills and support they need to build a career that is uniquely their […]

Hurricane Fiona victims in Puerto Rico g...

Victims of Hurricane Fiona in all 78 Puerto Rican municipalities now have until February to file various federal personal and business returns and make tax payments. The IRS offers assistance to any area designated by the Federal Emergency Management Agency, which means individuals and households who reside or have a business anywhere in the Commonwealth […]

Quirks in Cannabis Tax Formula Mean Heav...

By Michelle Rindels The Nevada Independent In the recent experience of Reno grower Sarah Rosenfeld, the best dollar a pound of marijuana bud or flower could fetch at wholesale prices is around $1,800 to $2,000, and that’s s it is packed and has a high concentration of the active ingredient THC. Something bulky with less […]

Student loans: here’s who can pay taxes

If you are eligible for President Joe Biden widespread remission of federal student loans plan, you may be wondering if you will have to pay taxes on your forgiven debt. The answer? It depends. Although you owe nothing to the IRS – a provision enshrined in the $1.9 trillion from the American Rescue Act’s COVID […]

We need to save the streaming video befo...

As much as we like to pretend otherwise, nothing lasts forever. Even works of art meant to survive any mere mortal are not immune to this fate: bookcases can burn or shut down, film strips disintegrate, and Snapchat messages self-destruct. The internet gives almost everyone access to infinitely more content than ever before, but it […]

Pregnancy centers set to challenge Ottaw...

(The British Columbia Catholic) A leading Canadian pregnancy news organization has launched a cross-platform campaign to counter what it calls the “threat, false accusations and misleading narratives” the federal Liberal government is wielding to back up its 2021 election promise to dismantle pregnancy care centers of their charitable status. Pregnancy Care Canada’s move coincides with […]

9 States say yes to sales tax over incom...

Awareness announcement for NOW TAX The Next Generation: The NOW TAX is not just for government funding, but to generate and preserve as much wealth as possible for citizens. NOW TAX will collect enough tax to begin paying down our national debt” — Stephen Redden – Founder NOW TAX USA ATHENS, WEST VIRGINIA, USA, September […]

From the tax law firm of David W. Klasin...

IRVINE, Calif., September 20, 2022 /PRNewswire/ — Recent legislation passed by the Biden administration has garnered support from many former federal officials, especially those in the Treasury Department and IRS. These former agency heads have publicly applauded the administration’s moves, particularly the bolstering of the IRS budget. Why You Should Hire a Lawyer to Represent […]

EXCLUSIVE: Simplifya brings key tax and ...

will simplifya regulatory and operational compliance software platform serving the cannabis industry, has has partnered with CohnReznick to bring key tax and accounting data to its Simplifya Market GuideBenzinga learned exclusively. CohnReznick, which administers major tax and accounting advice to plant contact and ancillary businesses in the cannabis industry, agreed to contribute current tax and […]

Foreign Tech Sales in Korea Hit Nearly ₩

Google and Apple logos. [AP] Sales of Google, Apple and other foreign tech giants in Korea jumped more than sixfold in 2021 from five years earlier to flirt with 4 trillion won ($2.9 billion), data shows. published on Tuesday. The combined taxable income of overseas technology companies was 3.98 trillion won last year, 6.5 times […]

City Council Highlights – Tax Rates, Pan

For the third year in a row, the City of Mission tax rate will remain at $0.5299 per $100 of assessment. The Mission City Council voted unanimously to approve the tax rate at the Sept. 12 meeting. In addition to the tax rate, the board also approved a budget of $157,677,134 for the 2022-2023 fiscal […]

Senators should stop playing games with ...

Fig leaf, smoke and mirrors, lip service, bait and switch. It is difficult to choose exactly the right way to describe the attempt by Sens. Mitt Romney, R-Utah; Susan Collins, R-Maine; and Tammy Baldwin, D-Wis., to whitewash (there’s another one!) the attacks on people of faith presented by the same-sex marriage bill before the Senate. […]

Ford Sees Inflation Raise Quarterly Proc...

The logo is seen on the hood of a new Ford Aspire car during its launch in New Delhi, India October 4, 2018. Picture taken October 4, 2018. REUTERS/Anushree Fadnavis Join now for FREE unlimited access to Reuters.com Register Sep 19 (Reuters) – Ford Motor (FN) said on Monday that inflation-linked supplier costs will be […]

Healdsburg accounting firm founder revea...

Renee Mengali was so eager to enter the world of accounting that she graduated from high school at age 16 and a year later graduated in accounting from Heald Business College in Santa Rosa. The love of numbers came from a high school accounting class. She received an exercise book in September of her first […]

Missoula’s new mayor talks property taxe

Missoula New Town Mayor Jordan Hess made his first appearance on Friday’s City Talk show and immediately began fielding questions from Talk Back listeners eager to speak to the new mayor. The first caller immediately brought the new mayor’s attention to the issue of Missoula’s rapidly rising property tax situation. Hess first tackled the issue […]

Should films shot in Utah get tax relief...

youtah wants big-budget movie producers to know they’re open for business and ready to pay. The Governor’s Office of Economic Opportunity approved 13 productions for tax incentives earlier this year on the basis that they will bring more $140 million in revenue in the state. Already, the move has made waves, attracting several major projects […]

Trump’s ‘Save America’ scam – The Bulwar

In 2019, Donald Trump’s charitable foundation was fined $2 million for embezzlement and ordered to close. Misdeeds of the foundation included: improperly favoring Trump’s 2016 presidential campaign; fund the purchase of a 6-foot portrait of Trump; buy ads to promote Trump hotels; and pay settlements for legal claims against Trump unrelated to the charity. In […]

Proud Boys memo reveals meticulous plann...

Jhe document is so rudimentary and formal that it resembles the annual minutes of a firm of tax accountants. Its index lists sections on “goals” and “rules of engagement” and features an “addendum” that provides recommendations for hotels and parking. On the cover, two words give a clue to the notoriety of the group that […]

The proposed 30% tax rate will not be pa...

The 30% income tax rate proposed by Tanáiste Leo Varadkar will not be part of the budget later this month, according to sources familiar with the budget process. As the Irish Examiner reports, Mr Varadkar had suggested the introduction of the new 30% rate as a way to help middle-income earners keep more of their […]

What is excise tax

Excise tax is a tax imposed on a specific good or activity and is generally levied on cigarettes, alcoholic beverages, sodas and gasoline. So what is excise tax? What are goods and services subject to excise tax? 1. What is excise tax? Excise tax is the indirect tax imposed on a specific good or service. […]

It’s time for a $7.5 million makeover at

New furnishings, upgrades to guest rooms and public areas, and a host of other upgrades are coming to the Sheraton Erie Bayfront Hotel as part of a planned $7.5 million renovation. The Erie County Convention Center Authority Board of Directors on Thursday approved the work, which is “necessary to meet Marriott brand requirements,” said Casey […]

Qld Leads the Way in Opposing Cross-Bord...

Live It’s been 44 years since Joh Bjelke-Petersen dropped inheritance tax in Queensland, sparking a rapid race to the bottom by other states and destroying a valuable part of our tax system. But now Queensland is taking a small step to make amends by opening the door for states to rationally calculate and collect property […]

A tax revolt in San Francisco? – Daily

Citizen tax revolts have been waged throughout American history. Indeed, the genesis of the United States was a dispute with Britain over taxes. The problem came to a head when settlers from Massachusetts disguised themselves as Native Americans and dumped English tea into Boston Harbor. Literally, the original Tea Party. But American independence did not […]

Where Do Palo Alto City Council Candidat...

Election season is in full swing in Palo Alto, where campaign signs are increasingly visible throughout the city. To help local voters with their decision at the polls, the weekly asked the seven candidates for this year’s city council to complete questionnaires about their qualifications, their vision for the city and their priorities should they […]

EU commission seeks renewed commitment f...

The chairman of an EU tax sub-committee is seeking further assurances that Ireland is still committed to a minimum corporate tax rate of 15%, amid continued concerns from EU institutions over the state’s ability to regulate several Dublin-headquartered tech giants. Dutch MEP Paul Tang and five other MEPs from the European Parliament’s subcommittee are expected […]

Iowa in mid-pack on education freedom re...

Lindsey M. Burke Lindsey M. Burke is director of the Center for Education Policy at The Heritage Foundation. Governor Kim Reynolds has made education choices a top priority — and she’s right. Among the 50 states and Washington, DC, the Heritage Foundation’s Newly Released 2022 Education Freedom Bulletin ranks 22nd for academic freedom. Although Iowa […]

LSU College of Business Adds to Hall of ...

Melanie Bronfin joined the Board of the Bureau of Governmental Research. Bronfin is the founder and former executive director of the Louisiana Policy Institute for Children, an independent source of data, research, and policy proposals related to young children. She is President and CEO of Bronfin Policy Strategies. She won the BGR Excellence in Government […]

Grand Island Liberty Campus Renovation P...

The Grand Island Veterans Campus, now called Liberty Campus, is being renovated to serve as senior and low-income housing and rental properties. Grand Island City Council heard an update on the project Tuesday evening. Ownership transferred to Omaha-based White Lotus Group on Jan. 15, 2020, regional planner Chad Nabity said. The site has been declared […]

Te wiki o te tāke – The Treasure points

tax week · Binding rulings illustrate hidden tax traps, Treasury discusses taxation and housing, and more. We frequently discuss binding rulings issued by Inland Revenue and a few released this week illustrate why you need to think about potential tax issues in what may seem like relatively routine transactions. Binding rulings are the tax administration’s […]

If I redeem my points and miles, do I ha...

“Can I redeem my points? is not an uncommon question. We recently looked at what the options are for redeeming points and whether it’s worth doing so in terms of the value you’ll get. Any discussion of cashing in points leads to a follow-up question: are there any tax implications to doing so? We have […]

How to Use Recovery Rebate Credit to Cla...

Who is eligible for recovery rebate credit and stimulus payments? You are only eligible for the recovery rebate credit if the IRS has not granted you a stimulus payment or if you have received a partial payment. To find out if you missed the money you were entitled to, you can contact the IRS, review […]

India’s economic growth will be supporte

Workers load consumer goods onto supply trucks at a wholesale market in Kolkata, India, December 14, 2021. REUTERS/Rupak of Chowdhuri Join now for FREE unlimited access to Reuters.com Register MUMBAI, Sept 17 (Reuters) – A sharp rebound in consumer spending and rising employment will support India’s economic growth in the coming months, the government said […]

Lambie shames Labor for tax cuts and tel...

She presented this as a betrayal of the Labor base, saying: “The [major] the parties encourage you to vote [on] mark, and you’re missed when you do. “We have no illusions about the strength of the people who do it”: Treasurer Jim Chalmers.Credit:Alex Ellinghausen The government recently trumpeted major increases in social benefits, which were […]

Local Tax Returns Assistance Program See...

Last tax season, about 300 people received free tax preparation through a local assistance program. Now the program is looking for volunteers to help out this upcoming season. The program is delivered by the Owensboro-based Green River Asset Building Coalition, said site coordinator Angelo Landi. The organization is working to eliminate the need to pay […]

Channel 9 awaits response from Barber Sc...

CONCORD, NC — College students in the Carolinas are now several weeks into their fall semester. Barber Scotia College leaders have touted plans for students to be on the Concord campus for the first time since the school lost accreditation in 2004 and closed. Since Channel 9’s Allison Latos reported on the management’s ambitious plans […]

Putin’s War and Truss’ Taxes

LONDON, ENGLAND – MARCH 08: British Foreign Secretary Liz Truss arrives to attend the Government Weekly … [+] cabinet meeting in Downing Street on March 8, 2022 in London, England. (Photo by Leon Neal/Getty Images) Getty Images There is a common saying that every tax has the effect of discouraging some form of private behavior […]

Patagonia’s $3 billion donation is a con

Yvon Chouinard, who started Patagonia in 1973 and turned it into an iconic $3 billion outdoor apparel empire, has just spun off nearly all of the private equity in the family business to a nonprofit organization. charity that will use the proceeds to fight climate change. It’s a masterful corporate maneuver that will allow his […]

How to Calculate Your Student Loan Forgi...

If you expect relief from President Joe Biden’s plan to forgive up to $20,000 in student loans, you could be subject to state income tax, depending on where you live. As legislation evolves, seven states — Arkansas, California, Indiana, Minnesota, Mississippi, North Carolina and Wisconsin — may require student loan forgiveness, according to analysis by […]

Pregnancy centers set to challenge Ottaw...

A leading Canadian pregnancy news organization has launched a cross-platform campaign to counter what it calls the “threat, false accusations and misleading narratives” the federal Liberal government is wielding to back up its 2021 election promise to deprive pregnancy care centers of their charitable status. Pregnancy Care Canada’s move coincides with a mid-summer public relations […]

Fresh calls for scrapping 2% tax -Newsda...

RBZ ZIMBABWE’s 2% Intermediate Money Transfer Tax (IMMT) is the highest charge on electronic transactions in Africa and should be scrapped as it affects the poor more, the non-governmental organization Fight Inequality Alliance has said. Zimbabwe. Under the tax, transactions between $10 and $500,000 attract a tax of two cents on the dollar to increase […]

China expands secret police stations aro...

national security China uses 54 overseas police stations, including New York, to track down citizens Chinese President Xi Jinping/Getty Images Karl Salzmann • September 15, 2022 3:00 PM China has opened its latest secret “overseas police service centers” in Chinese restaurants and shops across the UK, the Telegraph reported Wednesday. The Chinese Communist Party operates […]

Question 1 taxes millionaires to raise f...

One million dollars. That’s what prompted the question posed to Massachusetts voters in November: Should the state amend the constitution to impose an additional 4% tax on personal income over $1 million? The proposed additional tax would only be levied on money earned beyond the first million. This means that someone earning $1,000,001 would pay […]

Indonesia aims to attract more digital n...

Tourists walk along a beach in the luxury resort of Nusa Dua ahead of Saudi Arabia’s King Salman’s visit to the island of Bali, Indonesia February 28, 2017. Picture taken February 28, 2017. REUTERS/Nyimas Laula/ Join now for FREE unlimited access to Reuters.com Register JAKARTA, Sept 15 (Reuters) – Indonesia is trying to lure more […]

Midland City Council approves tax rate a...

MIDLAND, Texas (KOSA) – The Midland City Council yesterday approved its tax rate and budget for the 2022-2023 fiscal year. The approved tax rate is a decrease from last year’s rate and the budget has increased for the coming year. But that doesn’t mean people will pay less tax, in fact Midlander will probably pay […]

What to Know About California’s Inflatio

Inflation relief is on the way in California, coming in October. State officials have announced that the so-called golden state stimulus payments will be distributed in October and November. Totals range from $200 to $1,050 depending on the taxpayer’s income and filing status. When will Californians receive inflation payments? According to the Franchise Tax Board, […]

ATO asks professionals about the methods...

The ATO will start contacting professionals to ask about their profit allocation arrangements following the publication of PCG 2021/4 at the end of last year. PCG 2021/4 sets out the ATO’s compliance approach to the allocation of profits or income of professional firms and helps firms manage the associated risks. The guidance entered into force […]

IRS refunds $1.2 billion in late fees du...

A check may be mailed to you if you file a 2019 or 2020 federal return late. . This unprecedented relief is an acknowledgment of the difficulties taxpayers have faced during the pandemic. While during regular filing seasons the IRS penalizes taxpayers for procrastination, the agency reports that it realizes it’s too hard for many […]

Teenage boy killed on his way to the sto...

RICHMOND, Va. (WWBT) – Here’s a look at our top headlines from this Wednesday: 15-year-old killed by Drive-by Crossfire Family and friends are begging for answers to the tragic shooting death of 15-year-old Tynashia Humphrey. Richmond Public Schools says she was a student at Armstrong High School. Tynashia was caught in the crossfire when she […]

EXCLUSIVE Goodyear settles labor abuse c...

A general view of the Goodyear factory in Shah Alam, Malaysia May 6, 2021. Picture taken May 6, 2021. REUTERS/Lim Huey Teng/File Photo Join now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, September 14 (Reuters) – Goodyear Tire & Rubber Co has reached an agreement to settle a labor dispute at its Malaysian […]

Why Hiring an Accountant Can Save You Th...

Using an accountant could save you thousands of dollars on your taxes. (Source: Getty) The deadline to file a tax return this year is October 31 and millions of Australians have already logged online to start the process. Although the system is easy to use and free, for some the do-it-yourself approach means they might […]

Tax court approves claims and changes ta...

Deputy Jailer Rod Dick asked the court to approve the submission of a bid for improvements to the prison’s new training facility. Christopher Harris I CJ It’s a good day for Pulaski County Tax Court where they can play the part of the genie, granting wishes. Indeed, the magistrates were in the mood to approve […]

New government reports show foreign-born...

Reports released today by the Census Bureau show a dramatic rebound in the foreign-born or immigrant population (legal and illegal together) to 46.8 million in March this year, an increase of two million since the last year. The dramatic growth in their numbers reflects, at least in part, the increase in illegal immigration to the […]

The key measure of poverty in the United...

A homeless man lies in the park with his head covered, during a heat wave in Boston, Massachusetts, U.S. July 21, 2022. REUTERS/Allison Diner Join now for FREE unlimited access to Reuters.com Register Sep 13 (Reuters) – A key measure of the number of Americans living in poverty in 2021 has fallen to a record […]

Full noon on high petrol prices as excis...

As higher gasoline prices loom on the horizon, the federal government should use this opportunity to overhaul the entire fuel tax system, says Dr Lurion De Mello of the Macquarie Business School. Australian motorists may brace for higher prices at the gas pump as the temporary fuel excise halt ends on September 28, but it’s […]

Property Taxes by State and County: Medi...

Property taxes are the primary tool for local government funding and state-level revenue generation in some states as well. In fiscal year 2020, property taxes accounted for 32.2% of total state and local tax revenue in the United States, more than any other source of tax revenue. Local governments rely heavily on property taxes to […]

FACTSHEET: How the Cut Inflation Act wil...

By signing the Cut Inflation Act, President Biden is delivering on his promise to build an economy that works for working families and small businesses. The Cut Inflation Act makes urgent investments to reduce prescription drug costs, health care costs, and energy costs to create opportunities for America’s 33 million innovative small businesses and startups. […]

🏌️‍♂️ Jayhawks finish second, Cooper and

INDEPENDENCE, Minnesota – The Kansas men’s golf team placed in the top three at the Gopher Invitational on Monday, finishing second in the competitive 16-team field at Windsong Farm Golf Club. 29e-The ranked Jayhawks finished -15, after shooting their tournament-best round Monday at 7 under, 277. Georgia Southern won the event at -20, while Kent […]

The latest from the IRS for September 6-...

Monday, September 12, 2022 Below is our summary of important Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 6, 2022 through September 9, 2022. September 6, 2022: The IRS has issued Internal Revenue Bulletin 2022-36, which highlights the following: Notice 2022-36: These guidelines provide relief from certain penalties for […]

Depends – Does the accountants concessio

Click here to watch the video In this edition of ‘It Depends’, attorney Jack Colley talks about the accountants’ concession. What is it, how is it different from legal professional secrecy and when will the ATO seek to lift it? Video transcript Welcome to It Depends. Today we are going to talk about the accountants […]

Free Money: How to Get Inflation Relief ...

JJ Gouin/Getty Images/iStockphoto This has been a tough year financially for many Americans, with the cost of gas, groceries and just about everything else rising amid inflation. If you’ve felt the pinch in 2022, you’ve probably also dreamed of hitting your bank’s app on your phone and seeing your balance unexpectedly increase by a few […]

U.S. Supreme Court to settle long-contes...

During its next term, the Supreme Court will address an issue that has vexed taxpayers, the IRS, and many federal courts: how to calculate the penalty for an unintentional failure to file a foreign bank and financial account report, or FBAR. The law in question allows the IRS to impose an unintentional penalty of up […]

Study Says Rising Seas Will Affect $108 ...

Rising seas will swallow up millions of homes, businesses and plots of land, and reshape coastlines, property lines and local tax bases in the Southeast in less than 40 years. And Florida, North Carolina, Louisiana and Texas will see the most impact, according to a new study from Climate Central. The nonprofit research organization, which […]

Businesses will soon be able to apply fo...

NEW DELHI : Businesses should get credits for taxes paid in the era of the Goods and Services Tax (GST) worth approximately ₹400 crore, with the government set to open a special window for companies to file claims from October 1. With this, businesses that were not eligible for Central Excise Duty and Value Added […]

Beaumont and Port Arthur school district...

Residents of Beaumont and Port Arthur are unlikely to see significant changes to their education-related tax rates for the coming year. The CIOs of Beaumont and Port Arthur have set their tax rates for the coming year. Two rates make up the overall district tax rate – the maintenance and operating rate and debt service. […]

Tax refund: how and who must file an ame...

Aaccidents happen, even when filing your taxes. You must submit your income tax return accurately and on time for this reason. That said, keep in mind that mistakes can still happen despite your best efforts, so if you discover one on your taxes, it is indeed possible to have it corrected. The most frequent errors […]

Brookfield to crack down on out-of-state...

BROOKFIELD — The city is hoping to crack down on newcomers to Brookfield who haven’t registered their cars in town. Officials will seek bids from local businesses to partner with the city’s office of tax advisers to identify these vehicles as a way to increase revenue. First female pick Tara Carr said Friday she frequently […]