Wednesday, April 25, 2018

Google Alert - tax

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tax
Daily update April 25, 2018
NEWS
If you get asked to sign a petition for a ballot initiative to limit local taxes in California, you might just want to walk away. This radical measure would require a two-thirds supermajority for any new tax, tax increase or tax extension, making it much more difficult for cities and counties to control their own ...
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If you're considering buying a second home, there are a number of financial considerations including purchase price, carrying expenses and tax issues. Although it's more fun thinking about the home's décor and local attractions, taking the time to plan ahead for a few key tax issues can save you money ...
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The plan would set a statewide student-staff ratio target of 5.5-1. Districts that don't meet the target would be charged a graduated penalty on property taxes. For example, a district with a 4.5-1 ratio would be charged a 2 percent penalty. A district with a 5-1 ratio would be assessed a 1 percent penalty.
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If many average Americans aren't noticing or loving the tax cut bill yet, it might be understandable — it benefits the wealthy by design. And a congressional report released this week shows that one specific new deduction for so-called "pass-through" companies is heavily benefiting the rich. The Joint ...
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Wasn't the tax cut going to usher in 3, no 4, no make it 5 percent growth? Remember that "the first quarter was when the tax cut took effect, raising the take-home pay of many Americans in addition to sharply reducing corporate taxes. That ought to have boosted consumer spending, but apparently it ...
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Apple has agreed to start paying €13bn in back taxes to the Irish government within weeks over what EU competition authorities have said was years of sweetheart tax arrangements that amounted to illegal state aid. Although Dublin and Apple still reject the ruling in 2016 by Margrethe Vestager, the ...
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The council wants to implement a .35-percent year-around sales tax instead of a seasonal sales tax. It also plans to ask voters to approve spending $5 million on the project during a special election in June. The council introduced three ordinances related to the police station project and spent the ...
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Currently, people pay capital gains taxes on the difference between the cost of purchasing an asset and the amount for which it was sold. But conservatives want to change that, so that people only pay taxes on the difference between what they paid for the investment plus inflation and the amount for ...
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(Reuters) - Coca-Cola Co (KO.N) said on Tuesday it would take a hit in the second quarter from the introduction of a British sugar tax on soft drinks and rising freight costs in the United States, overshadowing modestly better than forecast results for the first three months of 2018.
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Tax Day was Tuesday, April 17, for most taxpayers, though some folks took advantage of the extra day granted by the Internal Revenue Service (IRS) following computer system issues. Even with the extra day, not every taxpayer who needed to file made it on time. What about you? Maybe your hard ...
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Peninsula residents may have noticed more money in their paychecks earlier this year after tax reform took effect, but local tax experts are telling individuals and businesses to plan ahead to avoid any surprises next filing season. "This is affecting what you're filing a year from now," Mike Mendelsohn, tax ...
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HONOLULU (KHON2) - On April 23, 2018, attorney Noah Fiddler surrendered to special agents from the Department of Taxation, where he was arrested and turned over to deputy sheriffs for an outstanding bench warrant for tax violations. Fiddler was charged on April 20, 2018 in circuit court with five ...
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Barring City Council changes, Memphis will lower its property tax rate 8 cents this year, preventing the city from receiving a windfall from last year's countywide reappraisal. During a committee meeting Tuesday, council members briefly discussed an ordinance to lower the rate to $3.19 per $100 of a ...
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Warner Bros. claimed a production tax credit in Georgia on more than $600,000 worth of airplane equipment that was never used in the state, a Variety investigation has found. The studio submitted the expenses in connection with "Sully," the 2016 film directed by Clint Eastwood that was shot at ...
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WASHINGTON (Reuters) - The Republican tax law's new deduction for pass-through businesses, intended to help small businesses, was "ill thought through" and will end up benefiting the wealthy, experts told the U.S. Senate Finance Committee on Tuesday at a hearing on the law's early impacts.
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This vote is required before the tax levy can be approved by the council. City officials plan to implement the increase under the Public Act 33 of 1951, which allows cities with populations under 15,000 to levy an assessment for police and fire protection without approval from voters. The population of ...
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The government searched the office and home of President Trump's attorney, Michael Cohen, catapulting attorney client privilege into the daily news. We still do not know exactly what evidence prosecutors are seeking, although Stormy Daniels payment details are surely one area of interest. It is a rare ...
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A key committee in Arizona's House of Representatives has given its blessing to a bill that would clear the way for the state to accept cryptocurrencies as payment for taxes. The House Rules Committee voted to approve the measure - which as CoinDesk previously reported has been subject to revision ...
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U.S. Sen. Marco Rubio has raised questions about Brightline's plan sell up to $1.75 billion in tax-exempt bonds to help pay for the construction of its passenger rail service connecting South Florida to Orlando. In a letter sent to the U.S. Department of Transportation on Tuesday, Rubio, R-Florida, said "it is ...
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Instead of "filing and forgetting it," the American Institute of CPAs (AICPA) is encouraging Americans to use the information in their 2017 tax return to develop a plan that will put them on the path to securely reach their financial goals. "The stress of the 2017 tax-year filing deadline has passed and, though ...
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Strauss Group Ltd. (TASE:STRS) will deposit NIS 13.3 million with the local tax authorities in Romania for tax assessments received by its Strauss Romania subsidiary. At the same time, the authorities have sent their findings to the Romanian prosecutor to consider "whether these findings indicate a ...
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Portland Mayor Ted Wheeler plans to propose a $15 million increase in the city's business taxes, multiple City Hall sources say. The increase is meant to bolster the city budget, which is tightening despite record revenues. A tax increase of that size would represent roughly a 13 percent jump, including ...
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"What you do when you cut taxes, as we've seen with corporation tax, is raise more money so you end up having a stronger economy, greater economic growth and more tax revenues," he said in an interview in the House of Commons on Tuesday. "I'm very intrigued by what Donald Trump has done ...
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Brown previously said she would seek to broaden eligibility for existing tax breaks for small businesses when she signed a measure blocking a different tax break, which had been created as a ripple-effect of President Donald Trump's 2017 federal tax reform. Brown said she would call a one-day ...
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I don't just fault these proposals for what they fail to mention – I also believe that their central suggestion, a hypothecated tax for health and social care, is extremely risky. The first risk is that such a tax would not raise the amount required, and we would have to rely on the goodwill of the Treasury to top it ...
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The tax implemented by the Labour government in the wake of popular anger over lavish banker bonuses following the global financial crisis generated 3.4 billion pounds ($4.8 billion), almost five times higher than initial estimates. Credit Suisse, which didn't take a government bailout, is asking whether ...
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Rex Patrick has signalled that the two Centre Alliance senators are open to persuasion on the government's company tax plan, undertaking further "due diligence" despite their party's initial opposition. While negotiations in March focused on senators Derryn Hinch and Tim Storer to provide the final two ...
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Amazon and its U.S. tech peers like Facebook Inc. and Apple Inc. are facing growing opposition from policy makers on issues ranging from labor conditions to tax avoidance and data privacy. U.S. President Donald Trump has singled out Amazon for paying too little tax and hurting traditional retailers, ...
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SEATTLE - Signs that have popped up around Seattle and placards at a City Hall hearing Monday night read, "Tax Amazon to build affordable housing." But the proposal for a head tax would also affect Merlino Foods because the restaurant distributor grosses more than $20 million per year.
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RELATED: Montgomery County could raise sales tax to plug $9M budget loss. "That may sound like a lot of money. In a gross sense it is," said Montgomery County Administrator Joe Tuss. "But when you look at the needs we have as a county … this sales tax increase is something that is going to allow ...
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Start a conversation about how people spend their tax refunds and someone will inevitably chime in with a comment about how getting a refund suggests you've failed to plan properly. Refunds mean you've overpaid your taxes and thus lent money interest-free to the government. Still, the results of an ...
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The company told officials it needs the local tax break to qualify for state incentives through the Kentucky Industrial Revitalization Act, a tax credit program that might be suspended in coming days. KIRA is designed to save businesses that would be forced to shut down without financial assistance.
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The Trump tax cuts, by contrast, introduced immensely complicated rules for the taxation of closely held firms, provided bigger benefits to the passive owners of wealth (i.e. rentiers) than to laborers, delivered the lion's share of its gains to the superrich, created a cornucopia of loopholes for well-heeled ...
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Republican lawmakers are trying to pass a major tax break on business income that would largely benefit Iowa's highest earners and would cost the state more than $100 million a year. The tax break, called the Qualified Business Income Deduction, would apply to "pass-through income" that business ...
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One way he may do that is to mandate Seattle businesses create pre-tax accounts for riding public transportation — a sort-of Health Savings Account for bus rides. As Seattle sniffs out any avenue for closing opportunity-gulfs between its poorest and richest residents, it's meant to be a light-touch ...
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FOR A WHILE LAST YEAR, the tax bill moving through Congress included changes that would have made it hard to continue offering nonqualified deferred compensation (NQDC) plans to highly paid executives. By the time the Tax Cuts and Jobs Act was signed by President Trump, though, it included ...
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The European Commission has concluded that Ireland's sugar sweetened drinks tax does not involve State aid. In particular, the Commission found that the measure's scope and design are consistent with the health objectives pursued by Ireland, namely tackling obesity and other sugar related diseases ...
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Noel Campbell says a three-year, one-cent sales tax, on top of the existing 0.6 of a cent levy dedicated to education, would provide about $1 billion a year, more than enough money not only for pay raises for teachers and support staffs but also to help restore some of the funding that's been cut over the ...
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Despite a divided board and an organizing opposition, Collier County commissioners pressed forward Tuesday with a plan to put a sales tax increase on the November ballot. If approved by voters, the proposed increase would raise the county sales tax 1 percentage point from 6 to 7 percent.
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The state Department of Economic and Community Development understated tax credits for several projects and provided inaccurate data about job creation, state auditors said in a report released Tuesday. The report by the Auditors of Public Accounts found fault with numerous DECD programs, ...
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The passage of a $7 million primary property tax is not a decision that should be made lightly. As many have noted, it's a lot of money, there's no guarantee on where that money will be spent and, while possible, it's unlikely it will ever go away. But after months of speaking with community members, ...
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A new proposed countywide sales tax for the St. Louis Zoo is bringing out passionate opinions on both sides of the question of whether county residents have it in them to fund another tax for the zoo. St. Louis County and city residents already fund the Zoo-Museum District through property taxes to the ...
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If the goal of the tax cut was to invigorate capital spending, Verizon isn't a poster child for the legislation. Even as the company embarks on construction of a superfast 5G network, it has held its expenditures at previously set levels. Verizon's approach to spending is "disciplined and methodical," Ellis said ...
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Results announced Tuesday beat analysts' expectations and left no question that federal tax cuts sweetened the bottom line at Palm Beach County's largest company, Juno Beach-based NextEra Energy Inc. Yet to be fully resolved: Whether 4.9 million Florida Power & Light customers are getting their ...
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WEB
Business Tax Forms
Tobacco Tax Forms. Tobacco Tax Forms & Schedules · Tobacco Purchases via Internet after July 1, 2004 PDF icon; Tobacco Purchases via Internet August 1, 2002 - June 30, 2004 PDF icon; 2004 Inventory Tax Information · Non-Cigarette Hand Stamp Notice PDF icon · Application Form 323 PDF icon ...
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Taxes - Auctions
They conduct the tax foreclosure auctions for many of Michigan's 83 counties. You may direct questions regarding the auctions to Tax-Sale.info at 1-800-259-7470. Prior state foreclosure auction results are available, below. Previous State of Michigan Tax-Foreclosed Real Property Auction Results ...
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Why residents are fleeing high-tax states
Liberal policies forcing more people to move out of high-tax states. John Tamny discusses the great tax migration.
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56 organisations tell EU legislator to delete the absurd link tax
Creative Commons and 55 organisations sent a letter to the head of the European Parliament's legal affairs committee, MEP Axel Voss, urging him to remove the harmful and counterproductive press publishers right from the EU copyright reform docket. Last month, we wrote about the proposal floated by ...
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Westerville and Dayton, OH Accounting Firm
Take a look at our Home page. Weston & Company is a full service tax, accounting and business consulting firm located in Westerville and Dayton, OH.
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The Cubs have about $13 million of room under the 2018 luxury tax threshold
We've had many discussions here about the Cubs' payroll for 2018 and how Theo & Co. seemed determined to stay under the luxury tax threshold of $197 million this year. Whether you agree with that determination or not, the Cubs front office did accomplish this goal. In March, after the Cubs got ...
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Form 40 - Corporation Income Tax Return
Form North Dakota Office of State Tax Commissioner. 2015. Mark One: Calendar Year January 1, 2015, through December 31, 2015. Fiscal Year beginning. , 2015 and ending. Have a federal extension? Yes. No. Name. Mailing address. City, State, Zip Code. Phone number. Final return. Yes. No.
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Madrid Town Clerk and Tax Receiver, St. Lawrence County
Offers a wide range of licensing, records, and informational services to village residents. Licensing and permits include disabled parking permits, dog licenses, block party permits, peddler/solicitor licenses, and racing/ wagering licenses. Other services include collecting property taxes for village ...
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Tax Manager
job description. Tax Manager. Love tax, tax planning, and working with a diverse client group? Join this growing company in Portland, OR as a Tax Manager and be a part of a growing company that offers comprehensive tax planning and compliance services to individuals, families, and their businesses.
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Public Thinks Tax Bill Was Payoff to GOP Donors
C.) said GOP donors will quit giving to Republicans if Congress does not pass tax reform. Graham specifically said that "financial contributions will stop" for the GOP. https://www.vox.com/policy-and-politics/2017/11/7/16618038/house-republicans-tax-bill-donors-chris-collins .@RepChrisCollins (R-NY) ...
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Louisiana: $1.5 billion in tax breaks for $9.4 billion plant
The package includes about $1.4 billion in local property tax exemptions for the Formosa Petrochemicals Corp. subsidiary that would build and run the plant, Pierson said in a statement emailed Monday night. Louisiana's Board of Commerce and Industry and Gov. John Bel Edwards must sign off on the ...
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Reactions from social media on the "No" vote for cigarette tax
Cynthia Newbille, the council's vice president, said that while she supported the meals tax increase, she could not support levying a cigarette tax for school construction. "I'm not prepared to go again with just a tax," Newbille said. "And one that, Mr. Agelasto, as you indicated, one that is not reliable or ...
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Real Property Tax Department
Allegany County, state of New York / Catalog Record Only Road map. Panel title. Title at upper left: Allegany County. Title panel, county insigne, and blank area on verso. Contributor: Allegany County (N.Y.). Real Property Tax Department; Date: 1988 ...
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How Tax and Accounting Companies are Using AI
Industries from healthcare to retail are turning to artificial intelligence (AI) to become more efficient. Now accounting and tax companies are utilizing AI during the busy tax season.
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A Tax Threat to Pastors and Churches
A case coming before a federal appeals court could have a financial impact on pastors and churches across the country. The dispute involves a tax provision that allows ordained ministers (of any religion, not just Christians) to exclude a portion of their ministry-related gross income from the federal ...
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"It's Frozen": The Dramatic Impact Of Tax Reform On The Bond Market In One Chart
Even before Trump's tax reform passed, there were those who suggested that the practical consequences of the tax repatriation holiday on the financial market would be the equivalent of a mini Quantitative Tightening (QT), as it would result in a collapse in bond issuance - and thus liquidity injections ...
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Former Lake George official charged with tax fraud
The tax counts come in addition to the 20 felony charges that accuse David J. Decker of stealing $169,156 in funds while heading the watershed coalition, which oversaw a variety of watershed improvement projects around the Lake George basin for decades. Decker is accused of taking state and ...
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What Are The Tax Advantages Of Ohio's 529 Plan?
Ohio's 529 ​Plan, CollegeAdvantage, was established by Section 529 of the Internal Revenue Code to encourage parents to save their children's future ​higher education costs in a tax-advantaged manner. CollegeAdvantage is Ohio's 529 college savings program. The tax benefits of opening a ...
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Reminder Issued Regarding Tax Relief Program: Applications due May 15th
The Tax Assessor has issued a reminder to residents regarding the May 15, 2018 deadline to file an a.
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4 New Exemptions To The Tax Penalty For Lacking Health Insurance
That's because starting in tax year 2019 the penalty for not having health insurance will be eliminated, so the new exemptions will mostly apply to penalty payments for 2018 taxes and in the previous two years. "I think the exemptions ... may very marginally increase the number of healthy people who ...
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Stock up on emergency supplies during tax-free weekend
Stock up on emergency supplies during tax-free weekend. Posted April 24, 2018. First aid kit First aid kits are among the dozens of items that can be purchased tax-free this weekend. You can purchase certain emergency preparation supplies tax-free during the 2018 emergency preparation supplies ...
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Congress Conflicted Over Potential Second Tax Package
According to the Washington Post: "House Speaker Paul D. Ryan (R-Wis.) aims to pass another massive tax cut this summer, which Republicans hope will rev up the GOP base and improve the standing of Republicans at the polls. But Senate Majority Leader Mitch McConnell (R-Ky.) is under pressure to ...
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Tax Reform is Law … What's Next for Congress?
House Democrats would pass a slew of bills ranging from taxes to spending including repealing many if not most of the new tax reform law. The House rules facilitate passage of legislation without input from the minority party. It was designed this way for efficiency by our founding fathers because there ...
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IRS Issues Tips on What to Do After Tax-Filing Deadline (IR-2018-102)
The IRS has some after filing deadline tips: After Filing Deadline Tips. The IRS provided taxpayers an additional day to file and pay their taxes following system issues that surfaced early on April 17;; Anyone who did not file and owes tax should file a return as soon as they can and pay as much as ...
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California Franchise Tax Board issues final report on tax reform
The Franchise Tax Board issued the fourth and final report on the state's conformity to the Federal Tax Cuts and Jobs Act of 2017.
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Tax Law
TrustCounsel's senior attorney, Gregory Herman-Giddens, is a tax attorney with more than 20 years handling federal and state tax issues. Get help now.
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Ready for Next Tax Season? New Tax App Designed for People with
NAPLES, Fla., April 24, 2018 /PRNewswire/ -- With this year's tax season in the rear-view mirror, there's no better time to start prepping for the next round. TaxBird - a new tax app developed by ware2now, LLC – helps people with homes in more than one state ensure they don't exceed their residency ...
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