Taxes

September 22, 2020 

The flurry of activity at the city and district levels indicates that taxes will continue to play a major role in the post-COVID economy. Future adjustments could take the form of a tax decrease to stimulate economic activity.

September 21, 2020 

As more products and services become taxable, tax structures become increasingly complex, especially when it comes to calculating consumer use tax in critical business functions such as accruals, asset and goods management and purchase orders.

September 21, 2020 

The burden of compliance starts as soon as a business starts making sales in an economic nexus state, because it’s necessary to determine whether economic nexus has been established. All states except Kansas provide an exception for companies selling ...

September 21, 2020 

The roundup is an overview of recent sales tax changes across the U.S.

September 15, 2020 

AvaTax for Beverage Alcohol is a central component in the Avalara for Beverage Alcohol suite of products, which provides comprehensive support for beverage alcohol businesses across the compliance life cycle, from licensing and product registrations ...

September 15, 2020 

Bloomberg Tax & Accounting has projected 2021 income ranges for each tax rate bracket. Income ranges for the tax brackets for married taxpayers filing jointly and for single taxpayers are shown below. Rate brackets for other filing statuses are ...

September 11, 2020 

Employers have a growing list of concerns lately, including losing their top performers, new research from global staffing firm Robert Half shows. A large majority of senior managers surveyed (88%) said they are worried about their ...

September 10, 2020 

In addition to being available in English and Spanish, the 2020 Form 1040 will also give taxpayers the opportunity to indicate whether they wish to be contacted in a language other than English. This is a new feature available for the first time this ...

September 8, 2020 

The letters are being sent to people who haven’t filed a return for either 2018 or 2019. Based on an internal analysis, these are people who don’t typically have a tax return filing requirement because they appear to have very low incomes, based on ...

September 1, 2020 

Now that the conventions of both major parties have wrapped up, we’re heading into the home stretch of the presidential election race. Naturally, taxes will be a major point of contention.

August 31, 2020 

Victims of Hurricane Laura that began Aug. 22 now have until Dec. 31, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service has announced.

August 25, 2020 

Transaction tax changes are on pace to reach the second highest total in the past 11 years. 150 city sales tax rate adjustments have occurred to date this year—with all but 10 being rate hikes—and those numbers aren’t likely to slow down.