Taxes
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U.S. Labor Dept. Expands Overtime Rules to 4 Million More Salaried Workers
Small Business Optimism Hits an 11-Year Low as Inflation Worries Persist
75% of Mid-Market Companies Say They Will Invest in AI Over Next 5 Years
Minnesota Accounting Firm Joins CLA Global
Manchin Won’t Back Werfel to Lead IRS as Feud with White House Continues
Joe Manchin called Daniel Werfel “supremely qualified” but has “zero faith” he would have autonomy in the post.
The Top Property Tax Compliance Challenges
The research uncovered three consistent pain points among survey respondents. In this post, we’re highlighting the findings specific to enterprise-level companies.
How Biden’s Proposed Wealth Tax Would Work
The wealth tax debate is heating up again. Should billionaires and millionaires pay more?
How the Inflation Reduction Act Impacts Corporate AMT and Bonus Depreciation
The Inflation Reduction Act reintroduces the corporate AMT, but with major changes, and it only applies to certain corporations, but a company only needs to pass the book income test once to be subject to AMT.
February 2023 Sales and Property Tax Changes to Watch For
While you focus on your business, Avalara stays on top of legislative and policy changes that can affect your tax compliance.
Milestones for S Corporation Election
Although the most significant advantage is the limited liability protection it provides its shareholders, the S Corp election also avoids the double taxation incurred by C Corps.
IRS Warns of New W-2 Scams
The IRS is working with payroll companies and large employers to verify W-2 information in light of these scams.
Biden Seeks Tax Hike on Income Over $400,000 to Fund Medicare
The president’s budget proposes raising Medicare taxes from 3.8% to 5% on annual income above $400,000.