Unlock the Door to Compliance and Tax Savings If your company is thriving, you know success can cut both ways when it comes to taxes. Maybe you like to play it safe. Maybe you prefer to build momentum by pursuing tax savings and reinvesting it in your business. But what
Corporations and businesses with international operations may soon see a bigger tax bill. On March 31, 2021, President Joe Biden unveiled the American Jobs Plan, which focuses on upgrading and repairing physical infrastructure, investing in manufacturing, and expanding long-term healthcare services. And to offset the cost of the American Jobs
In 2021, nearly 140 countries agreed to apply a minimum tax rate of 15%, updating decades-old rules on cross-border taxation. Introduced by the Organization for Economic Cooperation and Development (OECD), the new minimum tax rate is expected to generate an additional $220 billion in tax income globally. On February 2,
On Tuesday, April 21, 2020, the U.S. Senate approved a $484 billion coronavirus relief package to appropriate funds for the Paycheck Protection Program and increase authorization for Emergency Economic Injury Disaster Loan (EIDL) grants, in addition to providing funds for hospitals and coronavirus testing. The U.S. House is expected to
At first glance, the new payroll-tax deferral plan appears to provide relief to employees struggling in the wake of the sweeping economic devastation caused by the global pandemic – but know that there are substantial risks to both employees and employers in participating. What the Payroll Tax Deferral Plan Does
In July 2025, the Indiana Department of Revenue (DOR) released an important update to Sales Tax Bulletin #21, clarifying the tax treatment of lawn care applications and related services. This revision will significantly impact how businesses in the landscaping, pest control, and exterior services industries apply and collect sales tax,
The answer might surprise you. Because in some cases, it’s yes. The IRS has released final regulations outlining the rules and definitions for how taxpayers can transfer eligible tax credits to other unrelated taxpayers based on provisions of the Inflation Reduction Act. Which tax credits qualify for transfer? In short
https://www.youtube.com/watch?v=URoXXG3n3Hs Can’t watch the video? Get the transcript. If you think sales tax compliance is only an issue for retailers, you might be in for an unpleasant (and expensive) surprise. In this Ask the Experts episode, Sales Tax Compliance Director and practice leader Cheryl Ganim and leading Sales Tax Compliance
When should your company consider investing in sales tax automation and outsourcing sales tax compliance? Businesses with sales into multiple states that have crossed the economic nexus thresholds may have multiple state sales tax filing requirements every month. Yes. Every. Month. Typically, businesses handle the sales tax compliance function in-house,
The Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) have issued Notice 2020-75 to alert taxpayers on the rules they plan to include in upcoming proposed regulations. Among the items included, the IRS will clarify that “Specified Income Tax Payments,” which means state and local income
There’s been a recent surge in discussions regarding trusts and estates – a noteworthy topic of discussion. Last year, we had anticipated changes in the estate exemption, and proposed legislation was in the pipeline. President Biden pushed strongly for these changes, but nothing came to fruition. The federal estate tax
If your business qualifies for the research and experimentation (R&E) tax credits, it’s important to know that changes to the tax treatment of R&E expenditures will go into effect on January 1, 2022. The Tax Cuts and Jobs Act (TCJA) of 2017 set the timing for these changes – here’s