Accounting
Four Questions Treasury Must Answer About the State Tax Cut Prohibition in the American Rescue Plan Act
Table of Contents Key Findings Introduction Four Questions: — What constitutes a net tax reduction? — How is a net tax reduction determined to have resulted from a policy change? — Which potential expenditures could be deemed to create fiscal capacity for a net tax cut? — How would offsetting a tax reduction be defined,…
Read MoreBonuses are targeted in U.K. crackdown on audit scandals
Top executives at companies hit by accounting scandals could lose their bonuses under U.K. proposals for beefed-up regulation after a wave of corporate collapses including Carillion Plc and travel firm Thomas Cook Group Plc. ]] Original Article Posted at : https://www.accountingtoday.com/articles/bonuses-are-targeted-in-u-k-crackdown-on-audit-scandals
Read MoreIRS tax deadline delay comes after disruptive year
The Internal Revenue Service’s delay of the April 15 tax-filing deadline to May 17 gives taxpayers an additional month to file returns and pay any outstanding levies. ]] Original Article Posted at : https://www.accountingtoday.com/articles/irs-tax-deadline-delay-comes-after-disruptive-year
Read MoreBiden’s major tax changes will likely wait until October
A look at the administration’s tax agenda, and why they’ll have to hold off on it until budget reconciliation is available again. ]] Original Article Posted at : https://www.accountingtoday.com/opinion/bidens-major-tax-changes-will-likely-wait-until-october
Read MoreIs the pandemic driving radical changes to employment taxation?
New ways of working may require states and other jurisdictions to take new approaches. ]] Original Article Posted at : https://www.accountingtoday.com/opinion/is-the-pandemic-driving-radical-changes-to-employment-taxation
Read MoreBank Taxes in Europe
The 2007-2008 financial crisis triggered a global debate on whether, and if so how, taxation can be used as an instrument to stabilize the financial sector and to generate revenue to partially cover the costs associated with the recent and potential future crises. Three approaches were mainly discussed, namely financial stability contributions (levied on financial…
Read MoreHouse votes to extend PPP deadline until May 31
The House voted to provide an extra two months for the Paycheck Protection Program, giving businesses until May 31 to apply for forgivable loans during the pandemic. ]] Original Article Posted at : https://www.accountingtoday.com/news/house-votes-to-extend-ppp-deadline-until-may-31
Read MoreIRS won’t subtract tax debts from stimulus payments
The Internal Revenue Service has decided to use its discretion to avoid reducing the size of Economic Impact Payments with tax debts owed to the federal government. ]] Original Article Posted at : https://www.accountingtoday.com/news/irs-wont-subtract-tax-debts-from-stimulus-payments
Read MoreSovos acquires regtech company in Brazil
The buy expands Sovos’ capabilities in SPED, Brazil’s tax compliance system of record. ]] Original Article Posted at : https://www.accountingtoday.com/news/sovos-acquires-fit-sistema-regtech-company-in-brazil
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