House questions opioid companies on tax break

The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use a pandemic-related tax break to deduct opioid settlement payments. Original Article Posted at : https://www.accountingtoday.com/articles/house-panel-questions-opioid-companies-on-using-tax-break

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House panel questions opioid companies on using tax break

The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use a pandemic-related tax break to deduct opioid settlement payments. Original Article Posted at : https://www.accountingtoday.com/articles/house-panel-questions-opioid-companies-on-using-tax-break

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New Hampshire Bill Aims to Reduce Tax Burden on Businesses

A year ago, it seemed possible that New Hampshire was headed toward a triggered tax increase. Instead, lawmakers may trim business tax rates and begin the phaseout of the state’s tax on interest and dividend income, which would take away the asterisk and make New Hampshire the ninth state to forgo an individual income tax…

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AICPA asks Congress for deadline extension on PPP loans

The American Institute of CPAs has requested an extension of at least 60 days from Congress on the March 31 deadline for submitting applications for Paycheck Protection Program loans. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-asks-congress-for-deadline-extension-on-ppp-loans

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Trump claims Constitution still protects his taxes as ex-president

The legal battle over House Democrats’ efforts to obtain Donald Trump’s tax returns may turn on whether a former president can still assert constitutional protections against congressional requests. Original Article Posted at : https://www.accountingtoday.com/articles/trump-claims-constitution-still-protects-his-taxes-as-ex-president

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Tax Fraud Blotter: Game over

In Touch and in jail; end of the ride; took a powder; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-game-over

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Testimony: Prioritizing Comprehensive Tax Modernization in Nebraska

Note: Below is our testimony to the Nebraska Revenue Committee presenting on findings from our recent report, Thirteen Priorities for Pro-Growth Tax Modernization in Nebraska. My name is Katherine Loughead, and I am a Senior Policy Analyst with the Tax Foundation, a nonprofit, nonpartisan tax policy research organization based in Washington, D.C. We do not take…

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Xero to buy Planday

The cloud accounting software maker is acquiring a provider of workday management and employee-scheduling software, for up to $219.7 million. Original Article Posted at : https://www.accountingtoday.com/news/xero-to-buy-planday

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