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Corporate Transparency Act
Read more: Corporate Transparency ActWhat is the Corporate Transparency Act (“CTA”)? Starting January 1, 2024 each reporting company shall submit to FinCEN a report that identifies each beneficial owner of the applicable reporting company and each applicant with respect to that company. Existing companies have until January 1, 2025 to file its initial beneficial ownership information (“BOI”) report or […]
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Streamlining Quarterly Tax Deadlines: Proposed Legislation Gains Support from Professionals to Simplify Payment Schedule
Read more: Streamlining Quarterly Tax Deadlines: Proposed Legislation Gains Support from Professionals to Simplify Payment ScheduleLegislation proposing uniform quarterly estimated tax due dates has resurfaced in the House and has garnered support from professional tax and accounting organizations. In the tax world, quarterly sometimes does not necessarily mean quarterly. Introduced on May 25 in the House by Representatives Debbie Lesko (Republican of Arizona) and Brad Schneider (Democrat of Illinois), the […]
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Connecticut Enacts New Personal Income Tax Cuts and Extending Corporate Surcharge
Read more: Connecticut Enacts New Personal Income Tax Cuts and Extending Corporate SurchargeConnecticut Governor Ned Lamont has officially signed the state budget bill for fiscal years 2024 and 2025, introducing several significant changes to the tax landscape. The key provisions of the bill encompass a personal income tax cut, an extension of the corporate surcharge, revised regulations for pass-through entity tax, and the establishment of new tax […]
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House Ways and Means Republicans Introduce Tax Bill Package: Potential Tax Breaks in the Future
Read more: House Ways and Means Republicans Introduce Tax Bill Package: Potential Tax Breaks in the FutureHouse Ways and Means Republicans have put forth a series of tax bills primarily focused on benefiting small businesses. The package includes an extension of expired business tax provisions, an additional standard deduction, and reductions in green energy provisions. Introduced on June 9, these three interconnected tax bills are seen as a starting point for […]
Latest Posts
- Hold Your Horses (Taxes)
- New York ALJ Denies Refund Request for Remote Work Performed Before and During COVID-19 Pandemic – Follow Up on Zelinsky
- Business Expenses
- Corporate Transparency Act
- More VDA Updates – Pennsylvania Reduces Lookback Period for Corporate Tax VDA’s
- IRS Proposed Regulations – Reporting Digital Assets Transactions by Brokers
- Ohio – Recent Changes to CAT Exclusion and Annual Minimum Tax
- More Withholding Headaches – New Jersey Implements “Convenience of the Employer” Rule
- Tax Opportunities: 2023 Home Energy Tax Credits for Individuals
- Alabama Updates Procedure for Nexus Questionnaire and Voluntary Disclosure Agreement