The participation exemption system will allow the United States to transition to a quasi-territorial system that will effectively replace the current external tax credit system. Under...
Posted by Aurelia E Weems CPA on 11/17/2020
There was a historic adjustment made by the Tax Cuts and Jobs Act (TCJA) to the federal tax code. Although this triggered a significant tax break with many business entities, many...
President Donald Trump has been considering further cuts to payroll taxes to allow American workers to get higher wages at home. But such an approach could have negative consequences...
Posted by Larry Kenneth Hurt on 09/30/2019
Most of the House Republicans unveil bills for second round of tax cuts in the coming week, and hope for drawing the sharp boundary line between Democrats and themselves before...
Posted by BEST FINANCIAL GROUP LTD on 10/02/2018
The governments occasionally cut taxes during recessions as economic stimulus. A tax cut of trillion dollars over 10 years may give back a particular amount almost 1% of annual spending...
Posted by BEST FINANCIAL GROUP LTD on 05/18/2018
American workers could enjoy a payroll tax cut, if the Trump administration goes ahead with its reported efforts that are ostensibly aimed at bolstering consumer spending and, in turn,...
Posted by Valderas Financial Solutions LLC on 09/26/2019
A lot of people have always dreaded tax fillings and everything that has to do with tax, but when the new tax cuts and jobs act otherwise known as TCJA was eventually passed into law,...
Posted by Debi G Hill, CPA on 05/29/2019
You’re probably one of the many American taxpayers who are wondering whether or not they benefited from the Trump tax cut. Majority of people don’t think they did. Those...
Posted by Debi G Hill, CPA on 05/20/2019
Knowing the information about tax cuts continuous may benefit you so it is better that you are in touch with an accountant or tax preparer throughout the year. There may be nothing...
Posted by Tax Solutions & Accounting Services on 10/10/2018
