Accounting
Does Your State Levy a Capital Stock Tax?
This week’s map looks at another barrier to business and consumer recovery: capital stock taxes. These taxes impair economic growth in the best of times, but during an economic contraction they are particularly harmful to businesses struggling to remain viable. As many businesses may need time to return to profitability after the crisis, states should…
Read MoreTrump’s Payroll Tax Holiday Won't Help the COVID-19 Economy. Another Republican Has A Better Idea
President Trump continues to promote a payroll tax holiday as a piece of the next coronavirus relief bill. The idea fails as either relief or stimulus…
Read MoreAccounting Today seeks Best Firms for Technology – submission deadline extended
Accounting Today is accepting submissions for its report recognizing the Best Accounting Firms for Technology. Original Article Posted at : https://www.accountingtoday.com/news/accounting-today-seeks-best-firms-for-technology-submissions
Read MoreReviewing the Economic and Revenue Implications of Cost Recovery Options
Removing tax policy barriers can help businesses and individuals invest, work, create jobs, and lift the economy during a post-pandemic recovery without requiring lawmakers to create new spending programs. One of the most cost-efficient options available to lawmakers is to make permanent and expand the full expensing of capital investment. We have used the Tax…
Read MoreProspecting in a pandemic
Some firms may think now is not the time to be reaching out to new clients — but they can’t afford not to keep prospects moving through their pipeline, says business development consultant Art Kuesel. Original Article Posted at : https://www.accountingtoday.com/podcast/prospecting-in-a-pandemic
Read MoreThe accounting profession and the coronavirus: The crisis in numbers
A recent Accounting Today survey reveals how firms are handling the pandemic. Original Article Posted at : https://www.accountingtoday.com/list/the-accounting-profession-and-the-coronavirus-the-crisis-in-numbers
Read MoreMcConnell’s Attempt To Blame States For COVID-19 Budget Shortfalls Is Wrong And Dangerous
Senate Majority Leader Mitch McConnell (R-KY) recently said he is “in favor of allowing states to use the bankruptcy route,” instead of Congress providing them…
Read MoreIRS seeks nominees for Advisory Council
Applications for IRSAC will be taken through June 12. Original Article Posted at : https://www.accountingtoday.com/news/irs-seeks-nominees-for-advisory-council
Read MoreApril 24th Afternoon State Tax Update
On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to summarize new developments and provide analysis of relevant trends as they emerge. This blog post is part of that series. Past Updates: March 24, March 25, March 26,…
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