Saturday, February 3, 2018

Google Alert - tax

Google
tax
Daily update February 3, 2018
NEWS
The Securities and Exchange Commission issued guidance on how companies should reflect the impact of lower corporate tax rates in the quarter ending Dec. 31, and the changes to the value of deferred tax assets or liabilities, directing them to report charges or benefits based on a "reasonable ...
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On January 11, the IRS published revised withholding tables, which payroll administrators use as guidelines when determining how much of a worker's paycheck should be set aside to pay federal income taxes. The use of these tables is being phased in over the next couple of weeks; exactly when a ...
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With tax season in full swing, identity-theft-related tax fraud has become a hot topic. While taking steps to protect yourself from identity theft is always smart, it's important that you don't get too caught up in the hype. I've received a number of emails from panicked taxpayers who, after watching various ...
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(Reuters) - Amazon.com Inc (AMZN.O) reported a 38.2 percent jump in fourth-quarter revenue on Thursday, driven by a surge in online shopping during the holiday season and strong demand for its cloud services. Signs mark the Amazon Fulfillment facility in Everett, Massachusetts, U.S., February 1, ...
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Exxon said the federal tax law enacted by President Trump in December gave the company a non-cash earnings gain of $5.9 billion. That's because the corporate tax rate has been lowered from 35% to 21%. Like other companies, the reduced rate allowed Exxon to write down the amount of money it ...
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Scores of companies, including some of the country's biggest employers, are handing out bonuses, announcing with a flourish that they are sharing the windfall from corporate tax cuts with their workers. A look at the fine print, though, shows that some of the largess is not nearly as large as company ...
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More than 70 large businesses, including Starbucks, Walmart and Bank of America, have pledged in recent weeks to offer bonuses and boost wages for thousands of workers across the country, from savings anticipated from the recently passed Tax Cuts and Jobs Act. And increasingly, fast-growing ...
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The administration presented charts showing that the biggest state tax hikes would fall on middle and upper-middle income households — those with taxable incomes between $50,000 and $300,000 a year. Those in very low and very high tax brackets would, on average, see slight reductions in state ...
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ESPN continues as the city's biggest taxpayer, but accounts for slightly less of the tax base than it has in previous years. In 2010, the company accounted for 7.2 percent of all taxable property in the city; that has edged downward gradually, and was just under 5.6 percent in 2017. DeNoto said that is ...
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Several retailers have touted bonuses, employee raises and improved benefits as evidence that the new tax legislation is creating opportunities for the industry's workers. But even as these proclamations are being made, retailers are still closing stores and laying off staff. At its most basic level, the new ...
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This week, after months of discussion, a legislative committee defeated a number of tax increase measures. The Joint Revenue Committee was hoping to find money to pay for a revenue shortfall that some thought could reach a billion dollars. Then a funny thing happened over the summer, the revenue ...
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Many farmers have converted from an C Corporation to an S Corporation in the last few years and I would expect several more conversions due to the new tax law. However, as part of this conversion, there is a built-in gains (BIG) tax that is owed on the sale of any appreciated property that happens in ...
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Labour leader Jeremy Corbyn paid nearly £50,000 in tax in 2016-7, his newly published tax return shows. He received £136,762 in total earnings, comprising his £78,697 MP's salary, his £49,191 supplement as opposition leader and income from two pensions. In total, he paid £48,079.80 in tax.
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In New Jersey, one of the country's wealthiest states where more than two out of five residents itemize on federal tax returns, the new law's cap on state and local income tax deductions at $10,000 is giving budget-writers a headache. That's because New Jersey residents itemize more than their peers in ...
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RICHMOND, Va. — Altria Group, one of the world's largest tobacco and cigarette makers, is giving its employees a $3,000 bonus with a fraction of its windfall from the federal corporate tax cut. The Richmond Times-Dispatch reports the one-time payout to 7,900 non-executive employees totals about $24 ...
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The new version of SB 6203 approved Thursday represents a substantial downsizing from the carbon tax proposed in an initial bill. The legislation that moved Thursday would impose a $10-a-ton carbon tax — equivalent to about a 9-cent tax on a gallon of gasoline in 2019. It would climb each year by ...
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Tax Watch columnist David McKay Wilson breaks down New York's new tax changes. The New York state Democratic Committee has a Facebook ad that shows a missile, branded as "Higher Taxes" that's sent from Washington Republicans and targeted at New York working families. It's the political ...
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At a time when nothing feels certain, the reemergence of a capital gains tax proposal (House Bill 2697) in Washington State is almost comforting. Some things never change. But no matter how many times policymakers introduce capital gains tax legislation, there's something else that remains constant: ...
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"The Hunger Games — Mockingjay," "Mission: Impossible 6," "Jackie," "Despicable Me" and the next "Fantastic Beasts" movie appear to be about as Hollywood as it gets. But French flair is at the heart of them all. Tax rebates, stunning architecture, local expertise and "savoir-faire" are attracting a growing ...
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That's because last year's game was in Texas, which doesn't have a state income tax. This year's game is in Minnesota, which has a state income tax that runs as high as 9.85%. And because players generally have to "pay where they play," that could mean a larger tax bill for some — even if they don't ...
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"As you may know, at the end of 2017, the Federal Government enacted the most fundamental tax reform since 1986. These reforms are impacting our company in different ways, including a lower tax rate...We have been inspired by what Bob Iger has done for Disney employees. As the Hebrew saying ...
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Gov. Eric Greitens spent the last week assuring Missourians his plan to cut taxes will result in $800 million in the pockets of Missourians without hurting the state's budget. And the political nonprofit his advisers founded last year plans to spend $1 million on television, radio and digital ads to help hammer ...
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Lowe's, Home Depot, Starbucks and Disney were among several companies that announced benefits or bonuses for employees, which some credited to President Donald Trump's Tax Cuts and Jobs Act. However, some of these retailers have coupled the good news with layoffs. David French, senior ...
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CAMBRIDGE — House minority leader Nancy Pelosi, Democrat from California, said the GOP tax law that passed in December is impeding budget negotiations — not the issue of what to do with the undocumented immigrants who arrived in the United States as children, so-called Dreamers. "If there ...
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The recently-passed Tax Cut and Jobs Act of 2017 challenges us to reconsider how we save for retirement. Saving for retirement is smart. This is especially true when you work for a company that matches your contribution into your retirement account. The Tax Act doesn't change that, but it may impact ...
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Lawmakers in California advanced a bill this week that would allow residents to make charitable donations to the state in exchange for tax credits to use on their federal returns worth 85 percent of the donation. Other states are exploring that approach, as well as the possibility of using payroll taxes to ...
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Maryland's Attorney General Brian E. Frosh announced plans Thursday to file a lawsuit challenging the legality of part the new federal tax law that disproportionately hurts high tax states like Maryland. Frosh said he intends to join a New York-led lawsuit challenging the new $10,000 cap on deducting ...
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Workers are starting to see more take-home pay as employers implement the new withholding guidelines from the IRS, dictating how much employers withhold from pay for federal taxes. Treasury Secretary Steven Mnuchin has estimated that the new rules will mean more take-home pay for about 90 ...
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Amgen Inc. forecast a lower-than-expected tax rate Thursday evening but also reported a surprising and rare earnings miss. Merck & Co. Inc., on the other hand, beat analysts' expectations for its fourth-quarter earnings and 2018 sales guidance Friday morning. Its tax rate forecast, however, came in on ...
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Figures from the taxman show that 745,000 people missed Wednesday's self-assessment tax return deadline. The majority of these people will now receive an automatic fine for filing their return late. The fine starts at £100 but could reach a maximum of £1,600 for those who file more than a year late.
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The question of the relationship between cryptocurrencies and the U.S. tax system may be reaching a resolution, at least for some individuals. Users of the popular digital currency exchange Coinbase will receive 1099-K tax forms if they met certain criteria over the previous year. The San ...
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That all added up to a massive PR campaign on behalf of the cuts that elided all of the bill's negative consequences, like the decision by Kleenex maker Kimberly-Clark to use its tax windfall to fund a plan that included laying off 5,000 workers. And it's not clear that the cut directly led to the bonuses or if ...
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Companies left and right are offering cash bonuses for their employees following the passage of the GOP tax bill in December. Now Twinkie-maker Hostess (twnk, -1.09%) is joining their ranks—but they've sweetened the deal. Hostess employees will not only receive a $1,250 bonus, but also a year's ...
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The Arizona Attorney General's Office says Tempe followed the rules in giving a tax break to a hotel, but may have violated state law on another project. The property-tax break on The Graduate Hotel in downtown Tempe adheres to state law, while the city's tax break on a Bank of the West office building ...
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From the heart of Barack Obama's exiled brain trust comes Jason Furman, former head of Obama's Council of Economic Advisers, with a proposal in the Wall Street Journal to "repeal and replace" the recent Trump/Republican tax cuts. How do his ideas compare to alternatives that might appeal to ...
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"I expect that the number of false tax returns will continue to increase [in 2018]," attorney Jeff Schultz told FOX Business. Although the Equifax breach was massive, it is far from the only way thieves could potentially access your personal data. In addition to other cyberattacks that have occurred throughout ...
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Stoney and the city's financial advisers say an increase to the meals tax is the only viable way to create the additional $150 million in debt capacity. About one in three patrons at city eateries come from outside a 50-mile radius of Richmond, according to figures touted by the mayor, meaning Richmond ...
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Inheritance tax is notoriously unpopular. So when Philip Hammond announced a review of this "particularly complex" regime this week, experts rushed to nominate aspects of the tax in particularly dire need of reform. Inheritance tax (IHT) is widely seen as unfair. It is also blamed for distorting investment ...
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Lowe's Companies Inc., on the other hand, by the same math (neither company has fully detailed their expected tax savings) could save more than $700 million a year from the tax change. On Thursday, it became the latest large company to announce what it would do with its savings: Pay its employees ...
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Counties with sales taxes about to expire like San Mateo may seek renewals and the gas tax will be periodically adjusted for inflation. Q: I commuted from the South Bay to Pleasanton for years. I would have taken a bus or train but there were none going in that direction. Maybe we should increase public ...
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With midterm elections on the horizon and congressional majorities up for grabs, outside groups have jumped at the opportunity to control messaging on tax reform — the one piece of major legislation passed by Congress in 2017. Corry Bliss, executive director of conservative group American Action ...
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City officials said they were unable Thursday to estimate how much increasing the funding for the two tax relief programs would cost. Several other budget items that had remained unfunded will now be included in the proposed budget for next year, they said, thanks to expenditure reductions, new ...
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At the time it passed, polls suggested the Republican tax plan was the most unpopular bill in decades. Today, says Aaron Blake at The Washington Post, "it's looking more and more as if that was a risk well worth taking." A new Monmouth poll shows "a huge swing in favor of the bill" to 44 percent support ...
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The new federal tax cuts will be making National Fuel Gas Co. a lot more profitable this year. The Amherst-based energy company hiked its earnings forecast for this year by about 14 percent, largely because of the reduction in its federal tax rate because of the new tax law. National Fuel also said its ...
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JUNEAU, Alaska (AP) — Marijuana tax revenue in Alaska fell for the second straight month in December, though a state tax auditor says the slide may be ... is the most that has been collected in a single month since the collection of marijuana taxes from state-licensed businesses began in October 2016.
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When asked in mid-September about his handling of the tax issue, the YouGov weekly poll had 70 percent of Republicans saying that they approved of his performance and 34 percent of Independents saying they approved. By early December, the numbers were worse among Independents, with only ...
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As the Scottish Government's budget announcement of last December approached, Scotland's business community pressed the First Minister, Nicola Sturgeon, and her Finance Secretary, Derek Mackay, not to increase income tax. There were sound economic reasons for these warnings, but they were ...
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Home improvement chain Lowe's Cos. says it's handing out bonuses of up to $1,000 for its more than 260,000 hourly employees, as it becomes the latest major employer to invest in its workers after Congress approved a tax cut that will help businesses. The chain, based in Mooresville, North Carolina, ...
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Best Buy is the latest major corporation to hand out bonuses to its employees as a result of the recently passed corporate tax reform. In a letter sent to employees Friday afternoon, CEO Hubert Joly said full-time employees will receive a one-time bonus of $1,000 and part-time employees $500.
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Paul LePage's administration said the governor plans to submit legislation this month aimed at preventing a state tax hike that could occur if Maine does away with its personal exemption on income taxes to conform with that change in federal tax law. For the 2017 tax year, Maine's personal exemption ...
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WEB
Check your council tax balance
Check your council tax balance. Please use the following button to check the balance of your Council Tax account online. To do this you will need: your 12-digit Council Tax account number; the postcode of the property you are checking. Check your council tax balance online. To pay your Council Tax ...
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Form 7004, Application for Automatic Extension of Time To File
Information about Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns, including recent updates, related forms and instructions on how to file. Form 7004 is used to request an automatic 6-month extension of time to file the returns ...
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Taxes
Property taxes are paid by every person who owns property in New Brunswick. Service New Brunswick is responsible for annual property assessments. The Department of Finance is responsible for billing and collecting all property taxes, including municipal property taxes, which are then remitted to the ...
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Contact Us
Interested in Audit Assistance with Protection Plus? Whether you are a taxpayer in need of assistance or a tax preparer interested in partnering with us to help your clients, send us a message and we will point you in the right direction. Give us a call at (866) 942-8348. PO Box 24279, Winston Salem, NC ...
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Bitaccounting
Tax Preparation. We provide dedicated Taxation services with reliability and affordability. We are situated in Latham, New York. Black Ink is Taxation Service Providers with exclusive accounting and taxes planning and preparation services.
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Jeremy Corbyn releases tax return
The Labour leader received a total income of £136762 and paid a total of £48079.80 in tax.
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Georgia marble company credits tax reform for bonuses
Mincey Marble President and CEO Donna Mincey says the plan is 'very good' for small businesses.
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Vehicle sales, Construction spending, GDP comments, Comments on tax cuts, Comments on fed ...
"Because the tax legislation reduced individual income taxes for most taxpayers, the IRS released new income tax withholding tables for employers to use beginning no later than the middle of February 2018," CBO said. "As a result of those changes, CBO now estimates that, starting in February, ...
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Do Your Homework When Picking a Tax Preparer
IRS officials are urging consumers to be careful when picking someone to do their taxes. Scammers stole $1.68 billion in tax refunds in 2016.
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Individual Tax
A Firm with Ample Clarity. Changes in the tax environment may result in opportunities but things can move quickly. Our tax professionals keep abreast of these changes to provide you with seasoned tax counsel. Planning is the foundation of our work. Count on us for objective and focused preparation ...
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Couple charged on fraud counts related to false tax return
A husband and wife were arrested on identity theft charges Thursday. The charges reflect the wife, while a tax preparer, falsified a victim's tax retu...
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What council tax band?
Council tax - find out you band. Find out your council tax band. To find out the correct council tax band for your house use the GOV.UK property banding search.
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List: Companies Who Gave Out Bonuses After Tax Cut
List: Companies Who Gave Out Bonuses After Tax Cut. Dems won't be able to ignore the extra money in their pockets. Owen Shroyer | Infowars.com - February 2, 2018 Comments ...
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Amgen to Build New $300M Facility After Tax Changes
Amgen to Build New $300M Facility After Tax Changes - read this article along with other careers information, tips and advice on BioSpace.
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People who do not have to pay Council Tax
People who do not have to pay Council Tax. A discount may also be applied if more than one adult lives in the property but all or some of the adults are not counted (known as 'disregarded') for Council Tax purposes. The following people and groups are not counted when we look at the number of adults ...
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Tax Cuts and Jobs Act and tax-exempt organizations
In this podcast, Willis Towers Watson legislative and compensation experts discuss the Tax Cuts and Jobs Act's impact on tax-exempt organizations.
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Federal Income Tax Withholding
Effective Pay Period 04-2018, payroll checks will reflect changes in the withholding of federal taxes. All information in this article is based on Internal Revenue Service (IRS) Notice 1036, revised January 2018. The Early Release Copies of the Percentage Method Tables for Income Tax Withholding will ...
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Get Comfortable with Tax Season
Jeremy Burri will help to ease your tax anxiety. Tuesday, February 6 at 6 p.m. Lower level meeting room. Do you react like a fainting goat every time you think about tax season? Jeremy Burri helps to ease your anxiety with this discussion of all things tax. (An informed goat never faints.) 6 - 7 p.m..
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Make GMC a tax-payer funded organisation and not to be funded by doctors.
The GMC has been an independent regulatory body which has been funded by doctors paying Annual retention fees. However, given that the main aim of the GMC is to protect patients whilst regulating practice of doctors, the GMC should be funded by the tax-paying public and not by doctors, like the ...
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What Are Malaysians Really Paying for Tax on Imported Cars?
It is the excise tax. Excise tax is an additional tax that needs to be paid when purchases are made on a specific item or good. In this case, it would be on the imported car. Here's a look at just how much excise tax you can be charged for passenger vehicles in Malaysia. What are Malaysians Really Paying ...
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Options for dealing with new fringe benefit taxes
The TCJA states that certain fringe benefits – particularly transportation fringes such as transit passes, parking costs and on-site fitness centers – will be subject to unrelated business income tax if paid for by a tax-exempt entity. To avoid this tax, exempt entities can treat the costs associated with these ...
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Direct Withdrawal of Tax Payments now available
No Comment. Chester Township is now offering Direct Withdrawal for tax payments. This will allow tax payments to be deducted from a homeowner's checking account each quarter when taxes are due. Those signing up for Direct Withdrawal will have their first tax payment deducted in May of 2018.
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Property Tax Credit Lookup
Property Tax Credit Lookup. Beginning with 2017 property tax credit checks, you can view and print the following directly from our website: description (STAR or property tax relief); credit year; check issue date; property address; property key; amount. Note: Even if received in 2017, prior year property tax ...
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Tax Analyst Senior
description. Randstad has an opportunity with a Fortune 500 Company in Atlanta, GA 4 Month Contract $ 60.00 per hour. Performs detailed work assignments in one or several of the following areas: tax accounting, receivables, payables, payroll, property, general ledger and financial reporting. Sets up ...
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Tax calculator
Free online income tax calculator for the estimation of tax owed or refund for residents of the United States. Calculate your 2017 federal, state and local taxes with our free income tax calculator. Based on your projected tax withholding for the year, we can also Use SmartAsset's property tax calculator by ...
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Ankara tax office bomber trained in Syria, official says
Thursday's explosion at a tax office in the Turkish capital was caused by a bomb, Ankara Governor's office said in a statement on Friday, adding that the suspected bomber had been killed in a police operation to apprehend him.
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Tax Return Calculator
Calculate your tax refund in less than a minute. Our simple tool looks at your income, deductions and credits and estimates your federal tax return. Start planning what to do with your refund today!
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Coinbase US customers receive tax receipts
The Coinbase exchange has sent its US customers tax receipts for 2017, causing criticism from its customers for irrational calculations of their capital gains. Coinbase US customers received 1099-k taxation forms from the cryptocurrency holding. The letters were sent only to those US customers, who ...
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You Decide: Will the New Tax Law's Inflation Measure Cost You?
By Dr. Mike Walden. The new federal income tax law is chock full of changes, alterations and adjustments that are keeping taxpayers, accountants and economists spending hours trying to understand it. It appears almost nothing has remained the same. A good example is the inflation measure used to ...
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Municipality sending out municipal tax bill for 2018
You will receive the annual municipal tax bill at the beginning of February in your letterbox and/or in your Berichtenbox on MijnOverhied. The municipal tax bill contains the value (WOZ-waarde) of your property and the assessment notices for the property tax (OZB), waste tax (AFV) and sewage charges ...
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Grieg UK Tax Strategy
This document sets out the tax strategy undertaken by the Grieg Group to satisfy the UK statutory obligation under Para 16(2), Schedule 19, Finance Act 2016; setting out the Grieg Group`s general arrangements in relation to UK taxation, the attitude to tax planning and dealings with HM Revenue and ...
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Foreign portfolio investors seek relief from LTCG tax
'The introduction of a tax on LTCG will be a deterrent for foreign investors and could potentially result in a movement of trading activity away from India to other offshore jurisdictions such as Singapore, which offer better tax rates and sophisticated financial products.' | Foreign portfolio investors seek relief ...
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