The White House and Treasury released the first details of the Biden administration's 2021 tax reform proposal, a major focus in Washington, DC. Tax code changes are expected in...
Posted by Tiffany Gaskin on 07/16/2021
After years of debate, leaders from more than 130 countries are moving quickly to agree on key changes to international tax rules, possibly by the summer. These changes would force...
Posted by James Financial Services Inc on 07/06/2021
President Joe Biden presented his plan for American families in late April, one of three aspects of the Build Back Better program that guided the first 100 days of his presidency....
Posted by Tiffany Gaskin on 06/24/2021
One of the legislation's outputs for tax reform is establishing the Global Intangible Low-taxed Income (GILTI). The idea is to provide global (minimum), which brings about several...
Posted by James Financial Services Inc on 11/09/2020
To be successful in the inventory acquisition process, you will need to monitor your business's two main aspects: efficiency and profitability. It's important to keep a schedule,...
Posted by Dennis Jao on 11/07/2020
In December 2017, major tax reform was launched, which concerns individuals and businesses. It is commonly known as the Tax Reduction and Employment Act, TCJA, or Tax Reform. Most...
Posted by CORE PERFORMANCE on 11/06/2020
Choosing the right type of entity is a multifaceted analysis. It necessarily depends on a variety of factors, including business objectives, type of business, desire for liquidity...
Posted by Unifirst Financial & Tax Consultants on 09/21/2020
The legislation, informally known as TCJA, limits the amount of net operating loss (NOL) used in any given year, allowing indefinite carry-forward. Considered as another revenue raiser...
Posted by Unifirst Financial & Tax Consultants on 07/23/2020
An unexpected, unusual or sudden event that causes damage to your property would allow you to enjoy a casualty deduction -- in that tax year -- for the loss to your property. The...
Posted by Advanced Accounting & Tax Planning on 09/30/2019
