Month: January 2020

Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 12 percent in Iowa. Six states—Alaska, Illinois, Iowa, Minnesota, New Jersey, and Pennsylvania—levy top marginal corporate income tax rates of 9 percent or higher. Ten states—Arizona, Colorado, Florida, Kentucky, Mississippi, Missouri, North Carolina, North Dakota, South Carolina,
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Medical expenses take many forms. Some, like prescriptions, crutches, and other means of treatment are obvious medical needs. Other deductions, like wigs, might be hiding in plain sight. Does my wig qualify as a tax write-off? You can’t write off just any hairpiece — so there’s no need to raid your closet. However, tax law
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American multinational sport clothing brand Nike store seen in Hong Kong. Budrul Chukrut | SOPA Images | Getty Images The deadly coronavirus, whose spread accelerated around the globe, is battering the stock market, and some U.S. companies are particularly vulnerable to the disease as their growth has been driven by Chinese consumers. Wall Street analysts
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AvidXchange, which provides accounts payable (AP) and payment automation solutions for the middle market, has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other investors, this brings total funding to more than $800 million since the company’s founding in 2000. The
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The U.S. and Europe are making progress toward a global pact on the taxation of digital services, with France’s finance minister, Bruno Le Maire, saying on Thursday that American officials agreed on a blueprint for negotiations. Speaking at the World Economic Forum in Davos, Switzerland, Le Maire said that Treasury Secretary Steven Mnuchin had agreed
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The Internal Revenue Service began accepting tax returns on Monday for this tax season, while the Treasury Inspector General for Tax Administration highlighted the results of last year’s tax season. The IRS recommended on its website that taxpayers use the Tax Withholding Estimator to check if they have had the right amount of tax withheld
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The election season, impeachment, and Iran are explosive issues to bring up in the workplace. And those are just a few of the subjects that can distract your employees and cause problems. Discussing politics in the workplace may be almost inevitable, but it can also cause divisions on your team and decrease productivity. Small Business
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Democratic presidential candidates Joe Biden and Bernie Sanders have overestimated the amount of revenue their tax proposals would generate by hundreds of billions, or even trillions, of dollars, according to a new study. The former vice president and the senator from Vermont have proposed vastly different tax plans: Biden is calling for rate increases on
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