Accounting
Evaluating Mississippi’s Plan to Phase Out the Individual Income Tax
Table of Contents Key Findings Introduction Proposed Individual Income Tax Phaseout Proposed Sales Tax Changes Proposed Excise Tax Changes Conclusion Key Findings Mississippi House Bill 1439 would phase out the state’s individual income tax by making the personal exemption more generous over time, funded by increases to sales and excise tax rates and the dedication…
Read MoreCorporate-tax proposal in Senate stokes economists’ concern
A fresh initiative in the U.S. Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a skeptical reaction among economists including a top adviser to former President Barack Obama. Original Article Posted at : https://www.accountingtoday.com/articles/corporate-tax-proposal-in-senate-stokes-economists-concern
Read MoreHouse passes Biden aid with $1,400 checks; focus moves to Senate
The House passed President Joe Biden’s $1.9 trillion pandemic-relief plan, spanning $1,400 stimulus checks, enhanced jobless benefits and fresh funding for vaccines and testing. Also included: a minimum-wage measure with no prospects of passing in the Senate. Original Article Posted at : https://www.accountingtoday.com/articles/house-passes-biden-aid-with-1-400-checks-focus-moves-to-senate
Read MoreTax executives have trouble plotting strategy this year
The uncertainties in the year ahead are making it difficult for corporate tax executives to decide exactly what to do, given the challenges surrounding COVID-19. Original Article Posted at : https://www.accountingtoday.com/news/tax-executives-have-trouble-plotting-strategy-this-year
Read MoreIFAC teams with IIRC on integrated reporting assurance
The International Federation of Accountants is partnering with the International Integrated Reporting Council on a joint initiative. Original Article Posted at : https://www.accountingtoday.com/news/ifac-teams-with-iirc-to-speed-integrated-reporting-assurance
Read MoreLeverage data analytics to curb fraud risks
Analytics can help auditors focus on high-risk issues for further analysis and investigation. Original Article Posted at : https://www.accountingtoday.com/opinion/leverage-data-analytics-to-curb-fraud-risks
Read MoreTrump’s tax returns arrive at Manhattan prosecutor’s office
New York prosecutors have received eight years of Donald Trump’s individual and corporate tax returns from the former president’s accounting firm, according to a spokesman for Manhattan District Attorney Cyrus Vance Jr. Original Article Posted at : https://www.accountingtoday.com/articles/trumps-tax-returns-arrive-at-manhattan-prosecutors-office
Read MoreKey senators float corporate tax to enable minimum-wage hike
Two Senate committee chiefs are looking at ways to raise taxes on companies paying workers less than $15 an hour, as part of a new strategy to include President Joe Biden’s push to boost the minimum wage to that level in his COVID-19 aid bill. Original Article Posted at : https://www.accountingtoday.com/articles/key-senators-float-corporate-tax-to-enable-minimum-wage-hike
Read MorePeople & firms on the move: Anchin appoints first COO
Lumsden & McCormick promotes four; Oklahoma Society of CPAs announces 2021 Trailblazer and Path Finder award winners; and more CPA news. Original Article Posted at : https://www.accountingtoday.com/list/people-firms-on-the-move-anchin-appoints-first-coo
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