Florida Storm victims now have until August 15, 2023, to file various federal individual and business tax returns and make tax payments, the IRS announced Tuesday, May 2. The tax…
We have prepared a comprehensive recap from top senior tax and economic correspondents across the country: "Biden's Corporate Tax Hike in 'The Inflation Reduction Act' won't hurt most U.S. companies.…
New Income Reporting Threshold for Gig Workers The American Rescue Plan Act of 2021 (“the Act”), enacted in March 2021, dramatically lowers the filing threshold for payments required to be…
This is a summary from The Washington Post piece written by Tony Romm, Amy Goldstein, and Dino Grandoni / Published on Thursday, October 28th, 2021: President Joe Biden unveiled on…
If you live in the state of California you are about to receive a brand new stimulus check. Governor Gavin Newsom signed additional COVID-19 relief legislation this week that will…
Finance ministers for the G-7 advanced economies (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) announced Saturday they have reached an agreement at the G-7 meeting…
During a private meeting on Wednesday, June 2, President Joe Biden proposed a new minimum tax rate for corporations, instead of raising corporate tax rates to 28%, Biden has offered…
President Joe Biden is contemplating new tax hikes aimed at high-income families to finance the second phase of his multitrillion-dollar infrastructure plans, according to people familiar with the discussions, Politico…
The Paycheck Protection Program (PPP) already started to receive new applicants, the Treasury Department confirmed on Wednesday 1/13. Click HERE for SBA Online Resources …
The Senate unanimously passed the bill on Wednesday evening to give business owners more flexibility and time to use loan money, and still get it forgiven as part of the…