Saturday, January 6, 2018

Google Alert - tax

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Daily update January 6, 2018
NEWS
It wasn't one of those "drop off and bail" parties, so I had to stick around for the duration. I didn't know any of the other parents, so the prospect of killing two hours with 10 total strangers quickly grew uncomfortable, made only more so by the fact that like any tried-and-true tax guy, I'm inherently anti-social ...
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FAIR LAWN, N.J. — Faced with a new federal tax law that limits state and local tax deductions, three communities in New Jersey have come up with a novel solution: They want people to donate to a town-run charity as a way of mitigating their property taxes. The three towns — Paramus, Park Ridge and ...
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The bill has spurred a number of U.S. companies to announce one-time bonuses or an increase in their minimum hourly pay. A new corporate tax incentive could lead more companies to provide pay for family leave. Some corporate tax deductions are disappearing that could affect your fringe benefits.
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Under section 11042 of the Tax Cuts and Jobs Act (TCJA), there is now a $10,000 cap on the deduction for state and local taxes. Understandably, this new cap may disproportionately affect those in states with higher state and local taxes (colloquially referred to as SALT). Consequently, a proposal in ...
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State employees in Saudi Arabia are to be given money to compensate for a new sales tax and a rise in fuel prices. King Salman has ordered monthly payments of more than $260 (£190) for the next year. The kingdom has roughly doubled domestic petrol prices and introduced a 5% tax on most goods ...
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Seattle's sugary drink tax is now in effect across the city and leaders of the effort say it is expected to generate about $15 million in the first year alone. They say the money generated will go toward food programs for those in need, early learning, and other education programs. "It does help phase out ...
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Indian bitcoin exchanges are raising questions over the applicability of goods and service tax (GST) to their operations. Seven bitcoin exchanges in the nation including Unocoin, Zebpay and CoinSecure are seeking clarity over how their businesses might be classified under GST rules, and are planning ...
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Deutsche Bank has warned that it will record its third consecutive annual loss in 2017 because of a €1.5bn hit from US tax reforms and a 22 per cent fall in trading and financing revenues in the fourth quarter. Germany's biggest lender, which had hoped to return to a full-year profit after pre-tax losses of ...
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For a while it looked like the Republican tax plan, ultimately approved before the new year, would severely hurt redevelopment efforts in Detroit by killing off some of the tax incentives developers rely on to do their deals. These various tax incentives have proven crucial to projects as varied as the ...
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"The changes roughly offset," said Steven Rosenthal, a senior fellow at the Washington-based Tax Policy Center. "The new tax bill will not give any benefit to most lottery winners." The issue arises because federal income tax bracket changes approved by Congress and signed into law by President ...
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The start of the new year brought several significant changes to the tax code. Though much attention has been focused on the new provisions of the Tax Cuts and Jobs Act, other federal changes took place on January 1, 2018, also worth reviewing. Particularly worth mentioning is the return of the ...
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You might've seen a picture circulating on social media that shows a more than $10 tax on a $15.99 case of Gatorade at Costco. On Friday, shoppers were taking their own pictures, stunned by the new prices. Advocates of the tax held a press conference on Friday, to explain how the city plans to use the ...
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House Speaker: More Specifics Needed About Edwards' Tax Plan ... John Bel Edwards' tax proposals for closing a $1 billion budget gap. Jan. 5, 2018 ... Barras said Friday he's optimistic lawmakers in the majority-GOP chamber can rally around proposals in time to have a February special tax session.
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The state has suspended a second tax credit agreement with Outcome Health as the tech company faces allegations of fraud. Outcome Health has received about $1.3 million in tax credits from the agreement, signed in 2013 under the administration of then-Gov. Pat Quinn, said Jacquelyn Reineke, ...
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Prior evidence shows that companies don't see big benefits from tax cuts, on aggregate. High valuations mean low prospective returns for equity investors going forward. Tax cuts could lead to higher interest rates, which would hurt equity valuations. With similar earnings and higher interest rates, tax ...
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Many people pre-paid their 2018 property taxes before the end of the 2017 calendar year in an attempt to blunt the effects of the new Republican tax law's $10,000 cap on deductions for state and local taxes that will disproportionately affect higher-tax states. (Chip Somodevilla / Getty Images).
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14, 2017 file photo, tax professional and tax preparation firm owner Alicia Utley reaches for hard copies of tax forms while working to stay caught up at the start of the tax season rush in her offices at Infinite Tax Solutions, in Boulder, Colo. Millions of working Americans should start seeing fatter paychecks ...
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Campaigners have raised concerns over a ban imposed by HM Revenue and Customs (HMRC) on paying tax by credit card or via the Post Office. About 11 million people complete a self-assessment tax return every year, with the deadline for online forms of 31 January approaching. Many have to settle ...
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Bristol-Myers Squibb will record a $3 billion charge in the fourth quarter of 2017 as a result of the U.S. tax reform law passed last month, the drugmaker said in a regulatory filing on Friday. The expense is primarily related to taxes on unremitted offshore earnings, the company said. Bristol said the charge ...
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If Wall Street strategists are correct, the excitement about the tax overhaul will turn out to pack more punch than the actual cut. Investors have come back to their desks in the new year to a bunch of reports -- some out this week, some published right before the holiday -- from Wall Street's top strategists ...
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WASHINGTON — Wall Street sure loves the tax bill, even if polls show most Americans don't. The Dow Jones industrial average surged past 25,000 Thursday, a strong signal of investor enthusiasm for President Donald Trump's $1.5 trillion tax cut. The milestone comes less than a year after the Dow ...
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Today, I'd like to do something I can't remember having done before: offer specific suggestions about how you might pay less in federal income tax. I'm doing this because one of these suggestions might help minimize the pain you could suffer from the Republican tax plan — I won't call it "tax reform" ...
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Baltimore Gas & Electric Co. plans to pass on about $82 million in tax savings to customers as a result of the federal tax reform passed by Republicans in December that lowered the corporate tax rate. The Baltimore-based utility announced the pending rate cuts Friday, saying the average residential ...
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On December 22, 2017, President Trump signed the "Tax Cuts And Jobs Act" into law. The bill passed with a final tally of 224-201. It introduces extensive changes to the U.S tax law. Experts agree that these are the most significant tax changes our country has seen in over 30 years. How does the new ...
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The tax law, signed Dec. 22 by President Donald J. Trump, provides a 20% tax deduction to pass-throughs. So a pass-through business owner would be able to deduct 20% of income from what is taxed. Put another way, a top rate of 37% on taxable income would become 29.6% (or, 37% reduced by ...
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While a number of industries could feel the pressure as a result of the change in the tax code, likely none more so than golf courses. "I would say the golf course is probably the number one industry that is going to be affected by this. That's where deals are closed," Elijah Kovar, co-founder of Great ...
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With one-sixth of the new two-year cycle behind them, officials are seeing big gains in collections of the state's revenue workhorse, the 6 1/4-cent sales tax. A combination of higher oil prices, strong retail sales before Christmas and a spurt of construction activity along the hurricane-damaged Texas Gulf ...
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The new tax bill signed by President Donald Trump delivers some pain to police officers and firefighters, a viral story said. "Trump: Police officers and firefighters make too much money ... hits them with tax penalty," said a Dec. 26 headline on Bluedot Daily, a website that is critical of Republicans.
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The IRS will start accepting tax returns on Jan. 29, officially starting a filing season that again comes with a delay on some refunds until late February and an unusual ending date. Taxpayers will be able to submit returns electronically or on paper as of that date, the Internal Revenue Service said.
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The overall takeaway: Making Vermont's tax system align better with the new federal law may be a huge and politically fraught issue that will occupy much of the legislature's time this year. And while Gov. Phil Scott didn't even address the issue in his State of the State address Thursday, it may have a ...
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State legislative committees on Friday voted in favor of a creating a giant tax break for businesses situating their headquarters in New Jersey, a program designed for one corporation in particular: Amazon. State Assembly Speaker Vincent Prieto, D-Hudson, who sponsored the bill in the lower house, ...
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Call it a statement on politics in the age of social media, but rarely has a tax cut created so much chaos. The partisan back-and-forth created ample opportunities for confusion, and even Hollywood got caught up in the mess. Actress Jenna Fischer actually apologized on Twitter for contributing to a ...
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It's been less than a month since Congress approved a sweeping tax overhaul and states are already chomping at the bit to get a piece of the action. Regulators from Montana to Kentucky have ordered utilities to act now to ensure ratepayers share in the windfall from the tax bill signed into law by ...
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California is still working on eliminating the tax, after Gov. Jerry Brown vetoed a bill last year that would have ended the state's tax. Brown said tax breaks were the same as new spending. California Assemblywoman Cristina Garcia has come up with an idea this year to replace the lost revenue by raising ...
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JetBlue is giving each of its 21,000 employees an equal share of the $21 million corporate tax cut the airline is receiving this year. The $1,000 bonuses will apply to all crewmembers who were employed by the company as of Dec. 31, 2017, except for the CEO and executive vice presidents. Employees ...
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Thousands of Kane County residents lined up in below-freezing temperatures to prepay property taxes, but confusion on several levels leaves uncertainty about any actual financial benefits from that effort. The stampede to the county treasurer's office followed a new federal tax law that caps deductions ...
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Thousands of Kane County residents lined up in below-freezing temperatures to prepay property taxes, but confusion on several levels will leave uncertainty in place about any actual financial benefits from that effort. The stampede to the county treasurer's office followed a new federal tax law that caps ...
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President Donald J. Trump and congressional Republicans have enacted the largest changes to the federal tax code in three decades. They say that steps such as lowering rates for corporations and individuals and reforming the taxation of foreign profits will boost the U.S. economy by increasing ...
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The changes are part of the preparations underway in the fizzy drinks business for the sugar tax. The cost of some "price marked packs" of Coca-Cola sold in newsagents and convenience stores will increase by more than 10% in March, just before the new tax comes into effect the following month.
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If you don't have hours to spend filling out your own tax forms, if you have a complicated tax situation or if you just don't know where to begin, you'll probably need to hire a tax preparer this year. But don't fork over your hard-earned money to just anyone. Ask these questions first so you can find a champ ...
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BOSTON -- Tax collections in December left Massachusetts government flush with unbudgeted cash as revenues for the first half of the fiscal year have exceeded estimates by $728 million, shedding light on Gov. Charlie Baker's decision this week to lift the hold he had put on legislative spending ...
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Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in the corporate tax rate as part of the U.S. tax code overhaul. The net blow of the bill to the bank will include about a $1.4 billion net discrete tax provision, mainly due to the remeasurement of certain ...
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Disposable coffee cups are a nightmare for the environment: Most end up in landfill sites, and putting them in the paper recycling bin makes matters worse because they can't be easily processed. To tackle the problem, a group of British lawmakers is calling for a new £0.25 ($0.34) tax on disposable ...
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Hearings, and maybe changes in state tax law, might be needed to avoid unintended negative consequences from—or take advantage of—the massive rewrite of federal tax law that was enacted just before the holidays. Anderson Economic Group, a research firm with offices here and in Michigan, wrote ...
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SPRINGFIELD, Ill. (WCIA) -- Madison County School Superintendent Bob Daiber tried to jumpstart his primary campaign for governor on Thursday by becoming the first Democrat in the race to say exactly how much his tax plan would cost you. Democrats J.B. Pritzker, Sen. Daniel Biss and Chris ...
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President Trump and Congress promised to pass tax reform by year's end, and they delivered. Now manufacturers will deliver as well. With our new and internationally competitive tax code, manufacturers will hire more workers, create more well-paying jobs, invest in our communities and put more ...
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Most people think of April 15 as tax day -- the day on which they have to either file their tax returns for the year or request an extension. But as you get ready to prepare your 2017 tax return, you might get a pleasant surprise: You'll have another couple of days beyond April 15 to get everything done.
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SAN JOSE (KPIX 5) — Democrats in Sacramento are exploring ways to help Californians save money by creating a loophole around deduction limits that are part of the new federal tax law. The recently enacted law caps the deduction for state, local and property taxes at $10,000. When President Trump ...
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Fox Since living the good life for a while after starting my early retirement/sabbatical last year, tax planning for 2018 is becoming more important and more fun at the same time. It is important to figure out the tax cost in my budget and also to find the correct amount for estimated payments. The fun part ...
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The tax bill signed by President Donald Trump on Dec. 22 sets a new $10,000 limit on state and local tax deductions for federal income taxes starting on Jan. 1. New York Governor Andrew Cuomo earlier this week said that the new cap was an act of "economic civil war," and promised to fight back by ...
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WEB
Trump admin might push back against state tax workarounds Bloomberg
The Trump administration may try to block potential plans by high-tax states including New York and California to shield residents from state and local tax break changes, according to White House economic adviser Gary Cohn.
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Tax Plus Solutions, Inc.
Tax Plus Solutions, Inc. 1140 SW Bascom Norris Drive Suite 107, Lake City, FL 32025. Phone: 386-755-0877. Fax: 386-755-7331. Email: jack@taxplussolutions.com · Get directions. View on Google Maps. Map Data. Map data ©2018 Google. Map DataMap data ©2018 Google. Map data ©2018 Google.
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Council tax reductions for single adult occupiers
You could recieve 25% off your bill. Council tax reductions for single adult occupiers.
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Properties exempt from council tax
Some properties can be exempt from Council Tax, please read this page to see if the discount applies to you or your property.
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Pine Tax & Accounting LLC
Committed to Helping You Achieve the Highest Return on Your Investment Welcome and thank you for visiting the website of Pine Tax & Accounting ...
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Council tax forms
Estimate your entitlement to housing benefit and council tax reduction · Already made a claim for housing benefit through the DWP or Jobcentre · New claim for council tax reduction; New claim for housing benefit and/or council tax reduction; Certificate of Earnings for housing benefit/council tax reduction ...
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Contact
Year Round Service We are available 7 days a week, 8am-9pm, January 2nd thru April 15th. The rest of the year we are available by appointment Klein ...
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Contact
37-20 74th Street, 2nd Fl., Jackson Heights, NY 11372 View Larger Map.
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IRS Sets April 17 as Tax Filing Deadline
IRS will begin accepting 2017 federal tax returns on Jan. 29 and estimates it will take about three weeks for most taxpayers to get refunds.
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7 New or Improved Tax Breaks for 2018
As tax season rolls around, one of the first things to do is pay attention to changes in tax deductions and tax credits you can claim when filing your income tax return with the Internal Revenue Service. Read on to learn about what did change and how you can take advantage of those changes and tax ...
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Corporate Taxation
A cantonal minimum tax is due in lieu of the income and net worth taxes if the former tax exceeds the latter taxes. The minimum tax is divided into two categories: The taxable base for the minimum tax on gross turnover is total annual turnover above CHF 1 million (excluding capital gains and other ...
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Profile
Results We work with you on a personal level to determine the best solutions for your unique needs, then leverage our seasoned expertise to achieve t...
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Secure Client Portal
Our office is always open! 24 hours a day, every day! Anytime! Anywhere! From your home computer or your smart phone. Just click on the Open Client Portal link to access your secure information. Enter your access code and password to: Check the status of your tax refund; View your tax return (or other ...
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Cannabis Tax Revenues Will be a Roadblock to Sessions's Drug War
Through November of 2017, the State of Colorado collected more than $226 million in revenues from cannabis taxes, licenses, and fees. That's a lot for a state government with total discretionary spending of about $10 billion. This doesn't count tax revenues produced by industries that serve cannabis ...
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Millennials' New Attitude on Tax Cuts Have Top Democrats Panicked... » Louder With Crowder
Video shows a senior Hillary Clinton advisor nervously implying millennials who enjoy tax cuts may end up voting Republican.
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Stephen E Cohen LLC
Based in southeast Portland, Oregon, I have been preparing individual income tax returns since 2007. I only prepare returns for taxpayers who file IR...
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Most Affected Tax Plan Metro Areas
Featured Video Play Icon. Share Tweet Pinit Google+ Email. The Most Affected Tax Plan Metro Areas have been laid out by NAR. CLICK HERE to go to their interactive map. CLICK HERE for the Housingwire article.
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About Us
We started in 1988 with the hopes of being the best. We've achieved our goal and are now proudly serving many repeat clients. Our clients look to us f...
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27 percent tax regime in Denmark
Denmark offers a special tax regime to highly paid inbound expatriates and researchers recruited from abroad.
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3 Links I Love: A Political Bonus Thanks to Tax Reform, A 747 Wedding
This week's TWO featured links: Southwest Airlines Rings In The New Year Under Tax Reform With Employee Bonus, Charitable Contribution, And Further Investment In Its Boeing Fleet – Southwest Newsroom American Airlines to Distribute $1,000 to Each Team Member – American Airlines Newsroom
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New Tax Law Benefits Lake Ontario Shoreline Flooding Victims
Under a new ruling from the IRS, taxpayers can take advantage of the tax write off known as casualty loss.
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Hemmeter Tax Consulting, Inc.
Our firm is committed to serving high net-worth individuals and their closely-held business interests with an emphasis on highly personalized service an...
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Pulley & Muzzana CPAs, PC
Pulley & Muzzana CPAs, PC is a full service accounting, tax preparation and business consulting firm located in Missoula, MT. We have been delivering the highest quality of tax, accounting, and business advisory services for over 35 years. We also offer payroll and bookkeeping services to clients who ...
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The Reverse Robin Hood Effect Of The Trump Tax Cuts
In spite of the trickle up effect of tax cuts, the corporate elite and their sympathetic economists propagate the fake news that this time will be different. In this article, we'll get to why the economists can't see what the average American worker can see, and the mechanisms that enable the transfer of the ...
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United Way's Tips for Tax Season
Are you a busy tax-filer, with no time to make an appointment to review your 2017 finances? Or a college student, eager to prove to your parents you can do your own taxes? Maybe you held different jobs in multiple states last year. No matter your problem, United Way of Central Alabama has a solution ...
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Rock Solid Income Tax Service Inc.
Welcome to our website! Rock Solid Income Tax Service Inc. is a full-service accounting firm serving clients throughout the New York, NY area, dedica...
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Calif Dem senator plots way to get around cap in Trump's tax reform bill
California Senate President Pro Tem Kevin de León (D-Los Angeles) is leading a scheme to re-classify state taxes as charitable contributions in order to get around a cap included in the new GOP tax reform bill. With the new tax law limiting state and local tax (SALT) deductions at $10,000, California is ...
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Dominguez Tax Service Inc.
Quality. Service. Ethics. At Dominguez Tax Service, those words represent our commitment to our clients. We're committed to providing quality wo...
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The British tax on love
I'm glad to see that the SNP is highlighting an issue which is personally close to me, the UK's restrictive and harsh immigration rules for spouses and family members. The SNP's immigration spokesperson Stuart McDonald MP has released a statement criticising the UK's policy for leaving many families ...
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Tax Cuts as a Route to Cutting Social Security
That the Trump/Republican tax plan will be a bonanza for the wealthiest is well documented by this point, with the "Corker kickback" not only giving "dissident" Republican Senator Bob Corker a multimillion-dollar payday to ensure his vote but giving Donald Trump himself tens of millions of dollars thanks ...
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The passage of tax reform brings back the bull market
The White House forecasts that U.S. growth could reach 4% once the economy experiences the full effects of the tax reform law, and any materialized gain in GDP would be building upon an already solid foundation. In the third quarter of 2017, the U.S. economy grew at 3.2%, the fastest rate since the ...
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What the new tax plan means for physicians
Congress has passed the new tax bill. This was certainly not tax reform as has been discussed, but simply a rearrangement of how they calculate our taxes. This new plan lowers tax rates but eliminates many of the items that were previously deductible. Sort of like rearranging the deck chairs of the ...
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International Corporate Tax Senior Manager
International Corporate Tax Senior Manager. The Position. Applications are invited from qualified professionals for the position of International Corporate Tax Senior Manager. Responsibilities. The Wolf Group has developed an international reputation for providing expert tax planning and compliance ...
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Stock Exchange: How Soon Will Tax Cuts Be Forgotten?
The general view seems to be that tax reforms out of Washington DC are responsible for the market's strong performance in recent trading sessions. But will the economy ultimately benefit enough in the long run to warrant recent market price gains, or has the market gotten ahead of itself considering the ...
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IRS Announces Important Dates for 2018 Tax Filing Season
The IRS will begin accepting individual returns for the 2018 Tax Filing Season on January 29th. The deadline falls on Tuesday, April 17th this year due to Washington D.C. observing a holiday (Emancipation Day). The IRS moved the opening date back more than a week this year to "ensure the security ...
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Deutsche Bank estimates the impacts of US tax reforms and updates on fourth quarter 2017 results
As a result of the recent enactment of the Tax Cuts and Jobs Act (TCJA), Deutsche Bank AG (XETRA: DBKGn.DE/ NYSE: DB) expects to recognize an approximate €1.5 billion non-cash tax charge in the Group's consolidated IFRS financial results for the fourth quarter 2017 from a valuation adjustment to ...
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UK Tax Strategy
Trimble's UK tax strategy. This statement sets out the tax strategy of Trimble Inc., its subsidiaries, and affiliates (collectively, "Trimble"). This strategy applies to all UK taxes applicable to Trimble. It applies from the date of publication until it is superseded. Approach to tax risk management and governance ...
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GOP Tax Law Sparks Confusion And Outcry In Blue States As NY Threatens Lawsuit
The reason people want to prepay is that it will save them money on their 2018 taxes. The newly enacted GOP tax law caps deductions for state and local taxes at $10,000. In states with higher tax rates such as New Jersey, California and New York, even many middle-class and upper-middle-class ...
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JetBlue Crewmembers to receive $1000 tax reform bonus
Yea, it makes you wonder, doesn't it? Everybody the same. JetBlue, AA, WN, AT&T, and others, all with the same exact 1k bonuses. I mean, great, I'm glad to get it, but it brings out the cynical side of me............ ..everything works out in the end.
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David Tepper Is Giddy About Tax Cuts
Why, tax cuts. Others may be skeptical that they'll have any beneficial effect at all. Not David Tepper, for David Tepper is a man who loves himself a good tax cut. Loves it enough to willingly live in the worst state in the union. So while David Tepper doesn't think very much of President Trump, he's likes ...
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Tax Automation Manager – Tax Technology Consulting
The Manager in the Indirect Tax Automation Group is responsible for delivering a full range of technology consulting services to assigned clients and working closely with assigned tax staff on all phases of the assigned project and engagement management for multiple clients of the firm. Primarily the ...
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New California bill could serve as national boilerplate for skirting Trump's tax law
What do you think? Will this work? California Senate President Pro Tempore Kevin de León (D) introduced a bill that would allow taxpayers to make a charitable donation to the California Excellence Fund instead of paying certain state taxes. They could then deduct that contribution from their federal ...
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Minnesota Dem Gov Candidate Rebecca Otto Misleads Voters About Energy Tax Hike Plan
In a tweet, Otto claimed that her energy tax hike plan, which would tax carbon, is somehow not a tax. "Probably want to reread the plan. Not a tax," Otto tweeted. Except Otto's carbon tax is the very definition of a tax. CBS Minnesota describes Otto's plan as "a tax on carbon emissions." They note that Otto's ...
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We Pay the Sales Tax on USB Drives
††With Sundays PromoCode, We Pay Your Sales Tax Obligations in California, Arizona, Washington, and Georgia. Sales tax is included in the price in Nevada and Texas. Sales Tax Collected and Remitted Pursuant to Applicable State Law. Offer Valid for In-Store and Online Purchases in California, ...
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