Tuesday, January 2, 2018

Google Alert - tax

Google
tax
Daily update January 2, 2018
NEWS
There is probably some topic that does not have some sort of a tax angle to it, but I can't think of one. The other principle is that generally I don't write about something unless I have something to add or have adopted that issue as something I follow regularly. So here are the top ten tax issues of 2017 ...
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How will the new tax legislation affect you? Will your taxes go up or down? The only way to know for sure is to run a tax projection – an estimate of what your tax return will look like for 2018. Several sites have tax projection calculators up now which incorporate proposed major changes, including ...
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Democrats in high-cost, high-tax states are plotting ways to do what their states' representatives in Congress could not: blunt the impact of the newly passed Republican tax overhaul. Governors and legislative leaders in New York, California and other states are considering legal challenges to elements ...
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A 2.3 percent excise tax on medical device manufacturers went back into effect Monday after a two-year hiatus. It was originally imposed in 2013 as one of several taxes and fees in the Affordable Care Act that pay for expanded health insurance under the law. The tax was strongly opposed by the $150 ...
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LONDON (Reuters) - BP (BP.L) will take a one-off $1.5 billion charge in its 2017 fourth quarter earnings as a result of new U.S. corporate income tax rules, joining rival Royal Dutch Shell. The British oil and gas company said on Tuesday the cut in U.S. corporate income tax from 35 percent to 21 percent ...
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When asked on NBC News about his claim that companies will use the tax savings to help workers, House Speaker Paul Ryan cited a National Association of Manufacturers survey in which nearly 54% of respondents said they would hire more people on account of the tax cut. Another corporate group ...
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So the new law -- at its start -- does come close to providing tax relief for all income groups, and for most members within each income group. But it's doesn't give a tax cut to "everybody," and by 2027, most taxpayers, including those in the "middle class," will actually be paying more than they would have ...
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Yet, despite the widespread application of cost-benefit analysis to a range of public actions, economic analyses of the tax bill have largely ignored the principles of cost-benefit approaches in favor of focusing almost entirely on government deficits and distributional effects. This is a mistake.
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President Donald Trump just signed into law the biggest tax overhaul in a generation, but that means more work — not less — for Washington's tax lobbyists. Rather than streamlining the tax code, Republicans have made it more complicated by jamming through a new series of temporary tax breaks for ...
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But they said it remains to be seen if the upcoming $10,000 cap on federal tax deductions for local property taxes will be enough to spark real reform — for long at the top of the list of New Jersey voters' concerns. Shore residents flooded local tax collectors' offices last week, looking to get ahead of the ...
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There are certainly strong opinions on both sides of the proposed tax bill, but most taxpayers are just trying to make sense of how the changes will affect their time and money. Tax time is a complicated and stressful process for most people, and the new proposed tax bill undoubtedly sparks uncertainty.
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In yesterday's New York Times, Susan Faludi reviewed the state of the patriarchy. The gist seems to be that it's going strong. The recently enacted tax cut figured in her analysis. There are plenty of legitimate reasons one might be disappointed in the tax cut or opposed to it. They're not Faludi's reasons.
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According to Michael Kitces, a noted author and speaker on financial planning and investment topics, "The legislation will result in substantive tax reform for corporations, with the elimination of the corporate alternative minimum tax [AMT] and consolidation down to a single 21 percent tax rate [from 35 ...
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LANSING — The long-running debate over a state income tax cut could be about to re-ignite. This time, it's the recently approved federal tax cut that is triggering the issue. Though not all economists agree, state officials expect President Donald Trump's tax cut, approved by Congress in December, ...
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LAKELAND — Barely two weeks after Congress approved a major federal income tax reform, the new law has already trickled down to the Polk County economy. Some 16 employees of the three Lakeland branches of Fifth Third Bank found out soon after the law passed that they and the company's ...
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Beginning Jan. 1, Delawareans who "vape," or smoke electronic cigarettes, will join smokers of more traditional tobacco products in having to pay a tax on the products. That's when a new levy on e-juice takes effect — the often flavored liquid containing nicotine used to produce the vapor in e-cigarettes, ...
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"The notion that you should not be allowed a deduction for contributions that buy something, namely in this case seating privileges, is really just a sound tax policy argument," he explained. Schmalbeck said he'll continue to purchase Duke football and basketball season tickets, even without the ...
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Pawlik notes it's important to know that the individual tax law changes that are put into place through this legislation are set to "sunset," or lapse, after the year 2025. And, he said, some of the key drivers for the overall residential real estate market such as a strong economy, low levels of unemployment ...
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In one paper, first reported by German magazine Focus, the CSU calls for cuts in corporate tax rates, given U.S. tax cuts and similar moves afoot in Britain and France. "If Germany does not act, it will in the near future have one of the highest corporate tax rates in international comparison," the paper said.
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Alcohol companies might be toasting to Congress' new tax cuts when they kick in this year. A provision to the tax reform bill passed late last month slashed taxes on alcoholic beverages like beer, wine and liquor. The two-year reductions will save the industry an estimated $4.2 billion over that time, ...
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In Technical Advice Memorandum (TAM) 201729020, the IRS concluded that investors in a partnership that operated refined coal production facilities were not entitled to deduct Sec. 45 refined coal tax credits because the investment transaction was structured solely to facilitate the purchase of the ...
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The tax troubles clash with Caterpillar's history as an American manufacturing icon. Caterpillar machinery helped build the Hoover Dam, Golden Gate Bridge and U.S. interstate highway system. The company supplied equipment for the Allied effort in World War II and the Apollo 11 moon mission.
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Having chosen to make tax policy without including Democrats in any of the conversation, now the administration probably can't rally Republicans in Congress to do the basic business of government, such as making sure the country doesn't default on debt and children don't get thrown off health ...
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Distributors would pay the tax of 1.75 cents per fluid ounce, but consumers are expected to see price increases. Supporters said the tax would cut down on the consumption of sugary drinks that have little nutritional value and are linked to obesity, diabetes and other health problems. Businesses and ...
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2018 is here, and it's almost time to start thinking about your taxes. As much fun as preparing your return can be, millions of Americans aren't required to file a tax return. It's important to look closely at the rules to make sure that you qualify not to file, and you also need to be aware that some favorable ...
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Sometimes it's hard to believe that this expansion is already more than eight years long — only 18 months short of the record 120-month expansion that occurred from March 1991 to March 2001. Some analysts are concerned about a recession occurring over the next year or two. From our view, the tax ...
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It's more than a new year, it's a whole new regime for employers and workers, who have to make sense of the major tax changes Congress passed in December. Starting in February, most workers will see a much-appreciated bump in their paychecks as a result of these tax cuts. But over time those ...
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China is getting serious about fighting environmental pollution. As of January first, the Asian superpower has introduced a new tax aimed at reducing emissions. The tax varies according to the quantity and toxicity of pollutants emitted - and whether the emissions affect air or water. Provinces and regions ...
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The 2.3% excise tax on medical devices that was passed in the Affordable Care Act is coming back in 2018, the AP reports: "Congress voted to suspend the tax for 2016 and 2017 with the widespread expectation it would be permanently abolished before 2018. But various GOP efforts to repeal the ...
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Ballad Brewing doesn't expect to see a huge amount of money from President Donald Trump's recent tax cut package, but a 50-percent cut in the excise tax ... The bill reduced the tax on beer production to $3.50 a barrel from $7 a barrel on the first 60,000 barrels for domestic brewers making less than 2 ...
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Almost 16% of Nirmal Kumar's total income goes into tax because his company does not offer too many tax-free perks. Taxspanner estimates that Kumar can save more than Rs 75,000 in tax if his company rejigs the pay package to give him taxfree perks and the NPS benefit. He also needs to invest in ...
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While much of corporate America will enjoy a tax cut in the new year, one industry is getting a tax increase it has fought hard but so far unsuccessfully to avoid. A 2.3-percent excise tax on medical device manufacturers is set for reinstatement Monday after a two-year hiatus. It was originally imposed in ...
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Long lines formed at California marijuana dispensaries open for the first day of legal, adult use, or recreational marijuana sales. The state and cities that allow sales will collect taxes from cultivation, manufacture, and sales, about 45 percent of the total cost but Fresno is among the cities missing out.
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When the United States Congress passed the country's most significant tax overhaul in decades, Hong Kong Financial Secretary Paul Chan Mo-po responded by saying the city already had a competitive tax regime, so there wasn't much room to cut rates. And given the Western liberal press' almost ...
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The UK government has kicked off the new year with another warning shot across the bows of social media giants. In an interview with the Sunday Times newspaper, security minister Ben Wallace hit out at tech platforms like Facebook and Google, dubbing such companies "ruthless profiteers" and ...
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Hurricane Irma and a new tax bill were among the factors that affected charitable giving this year. The news wasn't all bad, though. After Irma flooded the Council on Aging of Volusia County's administration building on Beach Street, a fundraising campaign helped restore the charity and its programs ...
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WASHINGTON, Dec. 31 (Xinhua) -- 2017 will be remembered as the year that U.S. President Donald Trump passed the biggest tax overhaul in three decades. And while the cuts aren't perfect, there are a number of benefits for corporations and individuals that will boost myriad sectors of the economy in ...
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A new income tax credit intended to offset the increased 2 percent gas tax increase that took place in July 2017 will go into effect Monday. To claim the credit amount and for personal tax records, taxpayers must save receipts and invoices from fuel purchases beginning in January. According to the ...
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Last year, Bubbakoo's Burritos planned to open a dozen restaurants in 2018, but after the new federal tax law was signed into law, co-founder Paul Altero thought about growing faster. Even two extra restaurants would translate to as many as 40 full- and part-time employees, not to mention construction ...
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TRENTON – A millionaires' tax, legal marijuana and a higher minimum wage could all be in store in the new year as Democrats prepare to take over government in New Jersey. Democratic Gov.-elect Phil Murphy will succeed Republican Gov. Chris Christie on Jan. 16. That will give Democrats control of ...
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The House version of the tax reform bill sought to end this vital tool that has, to date, directed more than $80 billion in private investment to the nation's most challenged and distressed communities. The New Markets Tax Credit (NMTC) has helped these communities create more than 275,000 jobs and ...
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Pierce County homeowners and others across the country rushed in recent weeks to figure out whether they could prepay their property taxes before the end of the year. The new federal tax bill caps deductions for state and local taxes at $10,000, which means some homeowners might be able to save if ...
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The High Court last Thursday dismissed a suit by SportPesa and Pambazuka national lottery, seeking to stop implementation of a 35 per cent tax on all gambling revenues. SportPesa reckons that the higher tax rate is in breach of Article 201 of the Constitution, which demands the public finance system ...
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"The tax cut law that was just passed will have an effect on charitable contributions and non-profits across the US," said Bentley. Metro charities agree, the sheer size of donations this year (this week) trumps years past. That, in large part, is due to the tax cut signed into law by President Trump earlier this ...
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Danish Prime Minister Lars Lokke Rasmussen said he wants to conclude the government's planned tax reform this year, targeting income tax cuts for ... The tax cuts will make it more feasible to work, which will bring more people to the job market and help ease Denmark's labor shortage, Rasmussen ...
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The tax gap — the difference between what ought to be collected as tax revenue and what actually is collected — has always been a matter of concern for tax administrations the world over. How big or small the gap is always is a matter of conjecture, or as the classic parliamentary reply has it, 'Since ...
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Unit 5 receives 58 percent of the tax money from the properties; the town, 11 percent; the county, 11 percent; Heartland, 8 percent; Normal Public Library, 5 percent; Normal Township, 3 percent; Bloomington-Normal Water Reclamation District, 2 percent; Bloomington-Normal Airport Authority, 1 percent; ...
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The sweeping Republican tax overhaul, delivered by the GOP-dominated Congress and signed into law by President Donald Trump, doesn't eliminate or even reduce the deduction for donations to charitable, religious and other nonprofit organizations. Charitable giving should be encouraged with a tax ...
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Satur said the positions Longmont hopes to fill in 2018 — the first year of collections of the higher sales tax — include: two patrol officers, two detectives, one detective sergeant, five communications specialists, one communications supervisor, an armorer, two community service officer traffic investigators ...
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David Mickey, the owner of the Cayuga St. franchise of EG Tax, was happy to answer some questions about the new federal tax overhaul signed into law by President Trump. Although the grand opening of Mickey's office isn't until Saturday, Mickey was quick explain why families and individuals should ...
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WEB
California floats plan for mileage tax on drivers in 2018
Drive more, pay more plan would replace the state's gas tax and help pay for fixing its aging road and bridges.
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E-File your Federal and State
Online Taxes tax preparation service provides simple, fast and secure tax preparation software and online tax help for online filing of your income tax return. Online Taxes offers both Federal income tax forms and State income tax forms for IRS efile.
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Will GOP tax bill trigger new market highs in 2018?
New look at what lies ahead for stocks after year of massive gains, passage of tax cuts.
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E-file reject IND-046-01
E-file reject IND-046-01: Form 8862 is missing from the tax return and it is required to be able to claim the earned income credit (EIC). To resolve this rejection, you'll need to add Form 8862: Information To Claim Earned Income Credit After Disallowance to your return.
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E-file reject IND-031-04 or IND-032-04
If you got an e-file reject on or after the April 17, 2018 deadline, and you owe taxes, see these instructions instead. If your return was.
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Corporate Taxation
The basic tax so calculated is multiplied by cantonal and municipal coefficients (see section 1.2.) resulting in the effective tax. The net worth of holding companies is subject to a rate of 0.075% and the net worth of management companies is subject to a rate of 0.01% (minimum CHF 150). The coefficients ...
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Tax Collector
Town & County Taxes are accepted at the office by Check or Cash, debit cards are not accepted as a mode of payment. Payments can be mailed to: P.O. Box 127. Verona, NY 13478. Taxes are due by January 1st without penalty. Taxes paid from Feburary 1st through February 28th are assessed a 1% ...
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GOP Tax Plan Has High Tax States Considering Goofball Schemes Instead of Reform Policies
One proposal would replace state income taxes, which are no longer fully deductible under the new law, with payroll taxes on employers, which are deductible. Another idea would be to allow residents to replace their state income tax payments with tax-deductible charitable contributions to their state ...
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WTF is this Turbo Tax commercial?
Watching the Twilight Zone marathon and this was just on: [MEDIA] e5.
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New 5% Tax On UAE Hotels Kicks In Today
As of today you can expect to pay an additional 5% tax on hotel stays in the UAE, bringing the total taxes and fees to 28%+.
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High-Tax States Plot to Blunt Impact of New Tax Law
"Democrats in high-cost, high-tax states are plotting ways to do what their states' representatives in Congress could not: blunt the impact of the newly passed Republican tax overhaul," the New York Times reports. "Governors and legislative leaders in New York, California and other states are ...
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Corporate Taxation
Holding companies are almost completely exempt from cantonal and municipal income taxes. They are only subject to the normal corporate income tax on income from immovable property located in the canton. 2.3. Management companies. For the taxation of management companies, see Switzerland ...
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TARAS (Tax Accounting & Risk Advisory Services)
Job Description for TARAS (Tax Accounting & Risk Advisory Services) Manager in Minneapolis, Minnesota - Grant Thornton 039163.
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Is long-term capital gains tax on equity coming?
A Union Budget is approaching, and once again, like clockwork, the issue of imposing long-term capital gains tax on equity has come up. A newspaper report earlier this week claimed that such a tax--which was abolished in 2005--was actively being considered by the finance ministry. Predictably, there ...
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Some Kentucky Utility Rates Will Drop Under New Tax Bill
The Kentucky Public Service Commission has ordered for-profit utilities to track their savings under lower corporate tax rates that go into effect on Monday, January 1st. This means these savings will passed onto customers in the form of lower electric, gas, or water rates.
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A Tax and Spending Debate Worse Than Last Year
Stan Collender: "This year's spending and tax debate is going to be worse than last year's, and 2017 was an absolute slum of a year as far as the federal budget is concerned." "From trying to discredit and dismantle the Congressional Budget Office, to ignoring the trillion dollar deficit increase projected ...
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Tax Collector
Bernards Township Tax Collector One Collyer Lane Basking Ridge, NJ 07920. Phone: 908-204-3080. Email: pwarren@bernards.org. Office Hours Monday through Friday 8:30 am - 4:30 pm. The interest listed on delinquent taxes is calculated for the current day's date only. Please contact our office to ...
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The Welfare-Expanding Tax Reform Bill
Although there are some good things in the Republicans' tax-reform bill that President trump signed into law before Christmas (H.R.1, PL 115-97), the continuance and expansion of welfare is certainly not one of them. The tax bill cuts taxes, yes; but it also increases welfare spending. But first of all, how ...
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Investing in tax-savings funds? 7 things you must know
7 things you must know. Most tax payers scramble to make their tax-saving investments during the last few months of the financial year. Investors need to plan properly while investing to meet the Rs 1.5 lakh limit under Section 80C. Not only should these investments help them save tax, they should also ...
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SportPesa to appeal against 35pc tax hike
SportPesa has issued a notice to appeal against a High Court judgment that failed to overturn the imposition of a higher tax rate on gambling.
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Mascot / Flyer Distributor Needed for Tax Office
We are hiring a few energetic individuals to wear our Tax Plus mascot uniform to attract customers to our stores! We are looking for part time employees with ambition! Great Pay. Must be energetic...
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GST: New Change in Tax Rates for Composition Taxpayers
Change in Tax Rate and tax base for taxpayers registered under Composition Scheme.
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TAX CREDIT (yes, another thread - sorry)
My question has been asked upwards of 1000 times. I've read many of the threads. And as they go on, they make things LESS clear to me on a specific matter... so yes, I'm asking again. And I'm not trying to be rude, but please only contribute if you KNOW FOR A FACT that everything you state is ...
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LEGO Star Wars Millennium Falcon 75192 Building Kit $799.99 Plus Tax Preorder
https://www.amazon.com/gp/product/B075SDMMMV Looks like it's back and available to preorder. Mine is arriving on January 4th, according to the shipping info.
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US Tax Guide for Vertcoin and other Cryptocurrencies
Introduction:** The new year is here! In the next few months, taxpayers across the US will be filing their 2017 tax returns. As an...
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University provides update to employees regarding recent tax changes
On Dec. 20, 2017, Congress passed the Tax Cuts and Jobs Act that draws from separate measures passed by the House and Senate. It was signed into law on Dec. 22, 2017. The Act contains several key provisions that may impact Ohio University employees.
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Indirect Tax Senior Associate, ITX
Indirect Tax Senior Associate, ITX in Finance, Finance & accounting with PwC. Apply Today.
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Bahrain: Prices of 920 goods up on new tax effect
Manama : The prices of more than 920 products – tobacco, energy drinks and soft drinks – rose in most of the commercial outlets in the Kingdom with the imposition of the excise tax from yesterday, the first taxation system to be implemented in Bahrain's history. The Finance Ministry had already posted ...
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