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IRAS introduces new frameworks to help b...

SINGAPORE: The Inland Revenue Authority of Singapore (IRAS) has introduced two new tax frameworks to help businesses manage corporate tax and goods and services tax (GST) issues, it said Friday 18th March. The Tax Governance Framework and the Tax Risk Management and Control Framework for Corporate Income Tax will help businesses “strengthen tax compliance”, IRAS […]

Tax Fraud Blotter: Deliberately Made

Twice as pleasant; mobile violation; A to Z in prison; and other highlights of recent tax cases. Pittsburgh: John C. Thornton of Gibsonia, Pennsylvania, owner and operator of Tax Centers of America franchises in Pittsburgh, pleaded guilty to aiding or assisting in the preparation or filing of false federal income tax returns. Between 2012 and […]

DCCI proposes a corporate tax cut of 2.5...

The Dhaka Chamber of Commerce and Industry (DCCI) has proposed reducing corporate tax by 2.5 percentage points for listed and unlisted companies to help them boost their competitiveness in the Asian region. The DCCI presented a set of 40 recommendations for the next national budget for FY23 to the chairman of the National Board of […]

Virginia Grocery Tax Repeal Could Hurt D...

That could ultimately leave counties and cities tens of millions of dollars less to fund road improvements, transit and other projects in years to come, they say, a particularly potent concern in a region that depends on roads, railways and buses to move its residents. The story continues under the ad “No one is running […]

Tax Service Provider Services Market Siz...

New Jersey, United States,-Global Tax Service Provider Services Market Size, Status and Forecast 2022-2028. This research report covers key aspects of the Tax Service Provider Services Market including drivers, limitations, past and current trends, regulatory scenarios, and technological developments. An in-depth study of industry’s role in the COVID-19 outbreak. A comprehensive risk assessment and industry […]

Housing tax bill described | News

Saturday’s legislative update hosted by the Paducah Area Chamber of Commerce was particularly timely, with respect to budget issues being considered in the 2022 session of the Kentucky Legislature. The event, part of the chamber’s Public Policy Series, featured remarks from area lawmakers, District 2 State Senator Danny Carroll, District 3 State Rep. Randy Bridges, […]

Washington’s capital gains tax ruled unc

A controversial capital gains tax passed by the Washington state legislature in 2021 was ruled unconstitutional by a Douglas County Superior Court judge on Tuesday. The Olympian file A controversial capital gains tax passed by the Washington state legislature in 2021 was ruled unconstitutional by a Douglas County Superior Court judge on Tuesday. In Judge […]

Douglas County Court strikes down new WA...

OLYMPIA — A Douglas County Superior Court judge struck down Washington’s new capital gains tax on Tuesday, a first blow to the legislation that is set to end up in the state Supreme Court. In a written order, Douglas County Superior Court Judge Brian Huber wrote that the tax, among other things, violated the tax […]

Annual inflation in Pakistan slows, but ...

KARACHI, Pakistan, March 1 (Reuters) – Annual consumer inflation in Pakistan fell slightly in February, but prices rose from the previous month due to higher food prices and the energy is adding to the growing political pressure facing Prime Minister Imran Khan. The consumer price index (CPI) in February rose 12.2% year on year, statistics […]

Anticipating fierce opposition campaign,...

Months before the November election, Democrats in Berkshire County are beginning to publicize a ballot question they see as key to funding the future of education and transportation in the state. The issue, known as the Fair Share Amendment, would generate revenue for investments in education and transportation through a 4% surcharge on annual earnings […]

WA’s top Democrat withdraws support for

Facing mounting pressure from neighboring states, a senior Democrat in the Washington Legislature is now drawing support from a proposed tax on fuel exported from the state’s five refineries. Rep. Jake Fey, D-Tacoma, one of the architects of a proposed $16.8 billion transportation funding measure, said Saturday he would walk on a amendment hitting the […]

Wealth Guide: Income Tax – How To Maximi

Wealth Guide: Tax savings are an integral part of financial planning. The Income Tax Act has established tools by which a taxpayer can save some tax liability. Every individual strives to save as much tax as possible. Section 80C is the most popular and important income tax deduction. It helps you reduce your taxable income […]

Wealth Guide: Valentine’s Day Special –

It’s a strange coincidence that Valentine’s Day falls exactly in the middle of the peak period for tax planning – the January-March quarter. With love in the air, financial prudence tends to take a back seat. Most couples end up choosing the first tax investment that comes their way or ignore any tax planning altogether. […]

End of IR35 ‘soft landing’ period ‘ups t

Oil and gas companies that do not comply with IR35 could soon be hit with “penalties” at the end of the “soft landing” period. Changes to the non-payroll work tax rules were initiated by Her Majesty’s Revenue and Customs (HMRC) for the private sector in the UK in the spring of last year. Since April […]

What to do with a tax refund? | Milton...

Are you expecting a tax refund this year? If so, what are you going to do with it? Of course, the answer largely depends on the size of your refund. For the 2020 tax year, the average refund was about $2,800, according to the Internal Revenue Service. But whether your refund this year is about […]

Colorado Property Tax Rates Set To Skyro...

Coloradons face massive property tax increases in the coming years due to a combination of the state’s soaring real estate market, the tax system’s two-year valuation schedule, and the impending expiration measures adopted to cushion the shock of tax increases, according to a published study. Friday by the Colorado Concern trade coalition. “You look at […]

Current capital gains tax is ‘too compli

The Center must review the country’s capital gains tax regime, which has become too complicated, Revenue Secretary Tarun Bajaj said on February 9. Speaking in a post-budget interaction with business leaders organized by industry body Confederation of Indian Industry (CII), the bureaucrat said the government would be open to some changes to rates and periods […]

Britain is drifting towards Brussels on ...

Thirty years ago I worked on the Conservative general election campaign. Our economic message was simple. “I believe in low taxes,” wrote John Major in the manifesto, “not only because they stimulate enterprise – the spark of economic growth – but because they put power and choice where they must be: in your hands”. The […]

If you traded cryptocurrency in 2021, yo...

The pros have one major piece of advice for those who traded cryptocurrency for the first time last year: take your tax preparation seriously. The IRS has focused on cryptocurrency reporting with increasing interest in recent years. The agency treats virtual currencies as property, which means they are taxed the same way as stocks. If […]

Three things to do before tax season

Know clients’ marginal and effective tax rates With our progressive income tax system, many Canadians pay taxes at different rates. As income increases, the applicable tax rate also increases. The marginal tax rate applies to the last dollar of earned income. An Ontario client with total income of $93,000 and no deductions in 2021, for […]

Modi Government’s 2022 Budget Crypto Tax

IIn her 2022 budget speech delivered on February 1, Finance Minister Nirmala Sitharaman announced that virtual digital assets, including cryptocurrencies, will be covered by a tax regime. Although the regime is new, the principles on which it is based and the problems likely to arise from its implementation are quite conventional. The first principle at […]

How to Buy NVIDIA (NVDA) Stock – Forbes

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Even though the name of this company is somewhat unknown, chances are that you have used NVIDIA products in a game console or personal computer. Today, NVIDIA dominates the graphics processing unit […]

Federal Realty Investment Trust Releases...

NORTH BETHESDA, Md., January 26, 2022 /PRNewswire/ — Federal Realty Investment Trust (NYSE: FRT) today released the federal tax treatment for 2021 distributions to holders of its Beneficial Interest Common Stock (NYSE: FRT) and Cumulative Redeemable Preferred Stock Series C at 5.000% (NYSE: FRT.PRC). Common Stock (CUSIP # 313747206)(1) Registration Date Payment date Distribution Per […]

New Buckeye Institute Report Offers Blue...

New Buckeye Institute report offers a blueprint for transitioning Ohio cities to a more sustainable tax system January 24, 2022 Columbus, Ohio – On Monday, the Buckeye Institute released a new policy report, Sustainable Ohio: How to Fund Ohio Cities in the 21st Century, which offers a blueprint for how Ohio can move away from […]

Spotlight on Chief Tax Officer Gerry McC...

Our Spotlight series sheds light on the careers and lives of tax professionals around the world. This week, Spotlight on Gerry McCarthy, Managing Director of CBIZ MHM, LLC in Boston, Mass. McCarthy has over 36 years of public accounting and industry experience, and is focused on providing tax advisory and compliance services to all segments […]

Deadlines for Investing 2021 Earnings in...

M&A activity set a new record in 2021, reaching $5.8 billion worldwide.[1] After such a hectic year of sales, mergers and financings, investors who have seen taxable gains must now consider the inevitable tax bills. An alternative is to defer these otherwise taxable gains to Opportunity Zone Funds. Opportunity Zone Funds (“OZ Funds”) are investment […]

Budget 2022: Need for incentives, tax br...

While the real estate sector has gained most of the lost ground, most segments continue to lag below pre-Covid levels. Economic activity is in full swing, with GDP growth set at 9.2% for 2021-22, and high-frequency economic indicators reflect encouraging trends. Keeping its focus on growth, RBI maintained a dovish stance, keeping interest rates low. […]

Taxation of Crypto Margin Trading | law...

This year has been a record year for cryptocurrencies, with Bitcoin and Ethereum prices hitting all-time highs in November. There is no doubt that margin trading – borrowing capital from a broker or margin lender to execute crypto trades – has played a significant role in boosting crypto prices. But even though margin trading has […]

Beaufort County Assessor’s Office Floode

Tax envelope photo illustration Drew Martin [email protected] In an effort to prevent Beaufort County residents claiming the residential property tax exemption from paying more than a 50% tax increase and racking up costly fees, the county, for the second year, will not will not penalize full-time residents for paying after January 1. 18 if they […]

Different types of crypto trading and in...

Cryptocurrency is gaining popularity with investors for a variety of reasons, including its unique structure and the potential for high returns. According to Chainalysis, 15 million Indians now trade digital coins, and CoinSwitch Kuber registers around 14+ million users on their platform alone. This puts India on par with the United States, where 23 million […]

Bitcoin and cryptocurrency taxes in 2022...

If you bought, sold or traded cryptocurrency in 2021 you may be wondering how it is taxed. The IRS treats virtual currencies, such as bitcoins and ether, unlike some other assets and investments, and there are specific rules you will need to follow if you sold or traded these assets in the past year. “The […]

Speaker of the House Ron Ryckman slams g...

TOPEKA – Kansas House President Ron Ryckman’s rebuttal to Democratic governor’s speech on Tuesday underscored Republicans’ quest to lower state sales tax rate, save money rather than spend federal stimulus funding ad hoc and create a rainy day fund to help avoid tax hikes during economic fluctuations. Ryckman, a Republican from Olathe, said Kansans was […]

Mesa Water to Raise Tariffs and Add Char...

Mesa Water District is set to consider a five-year base rate hike from 5% to 8% per annum that would take effect next year, but a proposal to add a capital charge on bills taxpayer property tax is not suitable for some. Public hearings scheduled for Wednesday, both in person and viewable on Zoom, will […]

Should Kansas use the budget surplus to ...

Attorney General Derek Schmidt wants lawmakers to use much of the projected $ 2.9 billion surplus to pay down public debt while also targeting tax breaks for the Kansans. Schmidt calls on lawmakers to send $ 1 billion in cash – or more – to the Kansas public employee retirement system. “At the end of […]

Lots of money to spend as SC lawmakers s...

COLUMBIA, SC (AP) – South Carolina lawmakers return to Columbia on Tuesday with big bucks spend. The booming economy adds about $ 1 billion in taxes that will likely continue to be collected each year to the nearly $ 11 billion budget controlled by the Legislature. The state is also receiving approximately $ 3 billion […]

Make digital tax for VAT is coming – are

Businesses are reminded to take action to prepare to make tax digital for value added tax (VAT) before it becomes compulsory for all VAT-business registered from April 1 of this year. Making Tax Digital is designed to help businesses eliminate common mistakes and save time managing their tax affairs. Make taxation digital for VAT is […]

Universal healthcare in California repor...

SACRAMENTO – California would adopt a comprehensive universal health care plan, the first in the country, under a proposal unveiled Thursday by a group of Democratic lawmakers in the state, providing health services to every resident and funded by a wide range new taxes on individuals and businesses. Although some of the policy details of […]

FBR exceeds first half tax collection ta...

ISLAMABAD: The Federal Board of Revenue topped the first half target of 282 billion rupees but lost the winning streak by missing the monthly target for the first time this year due to poor sales tax collection domestic and income tax despite the slow payment of reimbursements. The new challenge facing FBR in December indicates […]

Capital gains tax and minimum wage incre...

OLYMPIA, Washington – The 2021 legislative session has been a busy one in Olympia, with a handful of new laws set to come into force in early 2022. Capital gains tax The Democratic-led state legislature approved a 7% tax on capital gains over $ 250,000 earlier this year. Although it technically takes effect in early […]

Nearly two dozen new laws come into effe...

New year, new laws. A set of bills passed by the Texas legislature earlier this year will become law as of Saturday, January 1. Lawmakers approved 23 bills in the May ordinary legislative session. These new laws will join hundreds of other new measures, articles of bills that have already entered into force this year. […]

Top 12 personal finance trends for 2021

Let’s take a look at some personal financial statements for calendar year 2021 that might impact you in the near future as well. 2021 has been a year of hope and financial recovery. After being affected by the second wave of the Covid-19 pandemic, people were looking for financial stability and to some extent their […]

Area Communities Secure Multi-Million Do...

Communities in the Monadnock area have raised more than $ 2.2 million in additional revenue this year, compared to last year, from a state tax on meals, hotel stays and vehicle rentals, lawmakers said this week. Those funds went into local coffers on Monday, after New Hampshire lawmakers added a provision to the state budget […]

Stop tracking expenses and other financi...

When it comes to your money, sometimes doing nothing is the best thing to do. Financial to-do lists abound this time of year, and it’s always a good idea to check the rules about charitable giving or to set financial goals for the New Year. However, it’s just as important to know what to skip, […]

7 strategies to maximize tax-free income

Despite the best efforts of some politicians, there are still widely available ways for individuals to earn federal income tax free. This is the second in our two-part series on the subject. For those in the sweet spot, the federal tax rate on long-term capital gains and eligible dividends is still 0%. The startling truth […]

What is my tax bracket? Marginal rates ...

There are seven federal income tax brackets, ranging from 10% for the lowest income levels to 37% for the highest income levels. The brackets are part of a progressive tax system that imposes higher and higher rates on different levels of income. Your marginal tax rate is what you pay on the last dollar of […]

Take Action Now Before Year Ends – Missi

As 2021 draws to a close, now is a good time to assess whether there are any opportunities to lower this year’s tax bill. Waiting until you start working on your tax return in early 2022 will be too late to save in most cases. So if you potentially want to save on taxes, you […]

Take action to save on 2021 income taxes...

As 2021 draws to a close, now is a good time to assess whether there are any opportunities to lower this year’s tax bill. Waiting until you start working on your tax return in early 2022 will be too late to save in most cases. If you want to potentially save on taxes, you need […]

With apologies to Ripley, the Texas prop...

The state’s property tax system is unfair, confusing and rotten to the core. The watchdog collected stories from the 2021 tax season that prove my point. Unfortunately, these stories are not rarities. It’s like a Ripley’s Believe it or Not! exhibition on injured taxpayers. Denton County Let’s start with the news from the Denton Central […]

Is Vici Properties a purchase for 2022?

Properties of Vici (NYSE: VICI) is one of the largest casino real estate investment trusts (REITs) in the world. This company offers investors a great way to capitalize on the booming Las Vegas gambling market and to hedge against inflation. Even during the closure of the Las Vegas Strip, the house (that would be Vici) […]

Japan’s record $ 940 billion budget to h

A view of the skyline and buildings of the Shinjuku district at sunset in Tokyo, Japan on June 20, 2021. REUTERS / Pawel Kopczynski Register now for FREE and unlimited access to Reuters.com Register Fiscal 2022 budget hits record 10 spending PM prioritizes COVID-19 recovery over tax reform New bond issues down as record tax […]

Xero: acquires TaxCycle to expand its va...

MARKETING Xero acquires TaxCycle to expand its value proposition in Canada Established Canadian tax solution, local expertise and ability to expand Xero’s Canadian network clientele and offer of local products WELLINGTON, DECEMBER 23, 2021 – Xero Limited (ASX: XRO) acquires TaxCycle (the trade name of Trilogy Sofware Inc), a Canadian tax preparation software company for […]

One last chance to build back better

West Virginia Senator Joe Manchin’s “no” audience on Sunday killed the current version of the Build Back Better bill. In the absence of a conversion en route to Damascus by Mr Manchin, the vote on the bill that Senate Majority Leader Chuck Schumer announced for early January will be the funeral of the proposal. The […]

City of West Fargo to consider adding ½

WEST FARGO, ND (Valley News Live) – At Monday’s West Fargo City Commission meeting, city administrator Tina Fisk presented the city commission with a plan to seek a ½ cent public safety sale for voter approval in 2022. She says the sales tax will add funding for the West Fargo fire and police departments without […]

Arkansas accuses former owner of nursing...

The former owner of a national nursing home chain that collapsed amid widespread allegations of negligence and financial mismanagement detailed in a previous NBC News investigation has been charged by the Attorney General of Arkansas of eight counts of Medicaid fraud and two counts of tax evasion. Joseph Schwartz, who lives in Brooklyn, NY, is […]

Ralph Martire | State’s dismal fiscal p

How would you describe a public policy that has made it more difficult for a worker to provide for their family, or for that worker’s children to educate themselves and acquire the skills necessary to improve their lot in life? What if this same policy also made elder abuse and domestic violence more likely to […]

Democrats’ Social Security 2100 expansio

Social Security getty In 2014, Representative John Larson premiered a bill called the Social Security Law 2100, which consisted of seven provisions intended to increase Social Security benefits and income, with income increases deemed sufficient to address projected deficits and finance benefit increases, and with confirmation of these by the Chief Social Security Actuary. The […]

Opinion: I just received a huge dividend...

Q .: I just received a dividend of $ 7,000 from a mutual fund that usually pays only small dividends and is now only worth about $ 62,000. At first I thought it was great, but the fund’s price has come down (it was close to $ 70,000 last month) and now I wonder what […]

Manchin’s stance on child tax credit dra

“No state is more affected by the CLC,” said Kelly Allen, executive director of the West Virginia Center on Budget and Policy. “Frankly, West Virginia was not doing very well before the pandemic. So it is absolutely necessary now and in the long term. “ On December 15, CTC payments were made to 181,000 West […]

IRS Publishes Accounting Policy Change P...

Under the direction of Rev. Proc. 2022-9 released Thursday, taxpayers can get automatic consent from the IRS to change their tax accounting methods to comply with final regulations relating to the simpler tax accounting methods available to small businesses. These final regulations, released in early 2021 (TD 9942), implemented changes made by law known as […]

Taxdoo Raises $ 64 Million To Shift From...

As e-commerce becomes more and more global, a company called Taxdoo, which creates API-based tools to help e-commerce businesses comply with tax obligations and other accounting needs, announces fundraising: $ 64 million, a Series B that the Hamburg-based startup will use to grow further in Europe and to build what it describes as the financial […]

Accountants Spend 7 Days Making Customer...

Accountants and bookkeepers are investing “a considerable amount of time” to get clients to comply, according to a new study from Intuit Quickbooks – but in the long run, the new rules “benefit their businesses.” QuickBooks said its research found that accounting professionals spend an average of seven working days (55 hours) helping each small […]

Complex tax system is the main reason fo...

Bangalore: A complex and hostile capital gains tax system is one of the main reasons many Indian start-ups have relocated their headquarters outside India, according to a direct tax administration report released by the Bangalore Chamber of Commerce and Industry (BCIC). India has experienced fundamental reforms in the capital markets over the past decade. Our […]

Colin McNickle: advice for the new mayor...

Ed Gainey becomes the 57th mayor of Pittsburgh next month. And in keeping with the Allegheny Institute’s long-standing custom, he compiled a list of recommendations for the new city leader and, by extension, Pittsburgh City Council. As the city emerged from its distressed status and oversight, solved its underfunded pension plans using a large chunk […]

KPMG Strengthens Global Growth Strategy,...

12/10/2021 at 14:27 CET Writing KPMG announced on Friday a record turnover of 32 $ 130 million (28,317 million euros) during the fiscal year ended September 30, 2021, which represents a double digit increase (10%) compared to 2020. This increase in the company’s income is the result of an intensive period of investment, in which […]

KRA deploys tax education program in sch...

The Kenya Revenue Authority (KRA) has implemented an extensive tax education program in schools. The IRS argues that the initiative which targets high school and college students is intended to instill the culture of paying taxes in Kenyans from an early age. KRA Southern Region Coordinator Joseph Tanui said the new push aims to improve […]

Elon Musk and other executives sell stoc...

Company founders and executives are unloading their shares to historic levels, some selling shares of their companies for the first time in years, amid rising stock valuations and ahead of possible changes in US tax laws and some States. So far this year, 48 senior executives have raised more than $ 200 million each from […]

GRT relief: the time has come

Gov. Michelle Lujan Grisham proposes to reduce the statewide gross revenue tax rate from 5.125% to 4.875%, a quarter-cent cut that will benefit individuals and businesses and lower the rate statewide at its lowest since 1990. Reducing our tax rate now is sound economic and fiscal policy. The state’s currently strong revenue stream is obviously […]

Arkansas Tax Cuts: Arkansas Tax Reform

Faced not only with immediate surpluses, but the expectation of sustained income growth in the years to come, Arkansas policymakers have chosen to return some of the additional income to taxpayers in the form of rate cuts. personal and corporate tax, with further rate cuts if future income permits. Anytime a state has a short-term […]

Biden minimum tax increase compared to B...

As the Senate considers which components of the House Build Back Better Act (BBBA) to include, a key difference between the original Ways and Means Bill and the Rules Committee’s later version concerns corporate tax. The original draft would have raised the corporate tax rate to 26.5%, while the Rules Committee’s version would leave the […]

Controversial capital gains tax frighten...

(Large stock photo) A controversial capital gains tax in Washington state that goes into effect next month requires executives and business owners to cash out their holdings of stocks. That’s the word of Seattle-area wealth managers working with clients taking a close look at their portfolios as the new law is implemented on January 1. […]

This is the “perfect number of bank acco

Set a budget and stick to it. This is the advice that has been hammered into our heads as the golden rule of personal finance. But for many people, creating a budget plan is overwhelming, and following it is an even more difficult task. As a financial analyst and podcast host Funding for popcornI hear […]

More TB children in poverty if stronger ...

The failure of Congress to date to extend the expanded federal child tax credit program has prompted advocates for low- and middle-income families to renew their push for further income tax relief state for these households. More than 600,000 Connecticut children live in households that could lose millions of dollars in federal aid next month […]

COVID-19 relief funds fuel employer tax ...

The $ 350 billion in federal tax relief to state and local governments under the US Rescue Plan (ARP) has given states an unprecedented opportunity to provide emergency housing, nutrition, life support services. health and others programs and benefits designed to help workers and communities cope with the economic shocks of the pandemic. But some […]

Tax planning to help frontline medical w...

While the basics of tax planning hold true no matter what a person’s profession, in some areas there are nuances that must be recognized for planning to be optimized. For healthcare professionals, demanding schedules and special high income considerations can make tax planning particularly difficult. Tax professionals can serve medical workers well by encouraging them […]

Want to offer shares this year? What th...

Betsie Van Der Meer | Getty Images Struggling to find last-minute holiday gifts that won’t be delayed by supply chain issues? A simple way to help children or loved ones start investing is to offer them stocks or other financial assets. “If you think of it as a Christmas or holiday gift for a youngster, […]

Accountants help healthcare providers co...

Accountants come to the aid of physicians and healthcare organizations that are dealing not only with the COVID-19 pandemic and its variants, but also with changing tax laws and accounting standards. The ever-changing rules and uncertainties around the Affordable Care Act, the CARES Act and the proposed Build Back Better Act, along with supply chain […]