Taxes

Plan affects healthcare and energy costs, imposes a minimum corporate tax, cuts down carbon emissions, and allows Medicare to negotiate drug prices.

Senate Democrat also said he supports increasing IRS enforcement and ending the carried interest tax break.

To help lighten the load and setup for success, many firms have turned to outsourcing. Essentially, outsourcing is when a business hires a third party to provide services or complete certain tasks for the business.

What used to be a longshot of being chosen, now has business leaders working to be audit ready at any time.

While almost all states offer a Voluntary Disclosure Agreement (VDA) program, issues that qualify for inclusion in these programs vary widely, according to Bloomberg Tax & Accounting’s 22nd annual Survey of State Tax Departments.

As of this year, companies must deduct their domestic R&D expenses over five years instead of all upfront, making the tax break less lucrative.

Ecommerce has enabled millions of small and midsize businesses to tap into the global market. This presents enormous opportunities. It can also create a world of tax requirements.

Lawmakers are increasingly turning to sales tax holidays with unprecedented scope and duration. For example, Florida added five tax-free holidays, ranging from tools for ...