Business Law & Regulations, Finance
March 14, 2023
Via: Fit Small BusinessProcessing payroll in Hawaii requires you to register for an Employee Identification Number (EIN) with the IRS. You’ll need to register with the Hawaii Department of Taxation and Department of Labor & Industrial Relations for withholding and unemployment accounts. While […]
Tax Code, Regulations and Guidance
March 8, 2023
Via: LexBlogHave you ever wondered whether you were barking up the wrong tree? That the solution to a problem may be found, not in the approach to which you were already committed and invested, but in an altogether different direction? Query […]
Business Law & Regulations, Tax Code, Regulations and Guidance
February 24, 2023
Via: JD SupraPresident Biden recently announced that the national emergency relating to the COVID-19 pandemic will end on May 11, 2023. This move may result in unexpected tax issues for employers with remote workers in states where they do not have a […]
Tax Code, Regulations and Guidance
February 23, 2023
Via: JD SupraAs we turn the calendar to 2023 and the holiday gift-giving season is behind us, now is the time to consider this year’s changes to the estate and gift tax exemption. You may recall from earlier columns that the estate […]
Tax Code, Regulations and Guidance
February 22, 2023
Via: JD SupraDespite the recent “Crypto Winter,” digital assets continue to gain in popularity and adoption. While many cynics have predicted a downfall, it seems the nascent industry is continuing on its growth trajectory — and at the same time, consumer protections […]
Tax Code, Regulations and Guidance
February 22, 2023
Via: JD SupraAs we settle into the new year, let’s take a moment to first consider last year’s tax developments and then take a look ahead to what 2023 might have in store for us. Review of U.S. Tax Developments in 2022 […]
Advertising & Marketing, Business Law & Regulations
February 21, 2023
Via: EntrepreneurDigital marketing isn’t a set-and-forget strategy. New marketing trends, technology and evolving consumer and market demands keep digital marketing in a constant state of metamorphosis. If the last decade has shown us anything, the digital landscape is ever-changing, and to […]
Tax Code, Regulations and Guidance
February 21, 2023
Via: POLITICOHEY, ANOTHER STRESS POINT: Much of the chatter about the global tax deal in the U.S. has focused, understandably, on the 15 percent minimum tax. But there’s a whole other pillar to the agreement negotiated through the Organization for Economic […]
Tax Code, Regulations and Guidance
February 17, 2023
Via: JD SupraThe Inflation Reduction Act of 2022 (IRA) created several new tax incentives to encourage developing clean energy projects that would benefit underserved communities and individuals. Among these incentives, Congress included generous adders to the Section 48 investment tax credit (ITC) […]
Tax Code, Regulations and Guidance
February 16, 2023
Via: Fit Small BusinessSmall business tax returns are complicated, and it’s usually worth it to hire a professional to prepare your partnership, corporation, or individual business return. However, you don’t have to spend a fortune on a local certified public accountant (CPA). This […]
Tax Code, Regulations and Guidance
February 15, 2023
Via: EntrepreneurAs of February 3, the IRS had issued eight million refunds totaling nearly $15.7 billion, the agency reported. The IRS also received a significantly higher number of returns for this period as compared to last year, with about 18.9 million […]
Tax Code, Regulations and Guidance
February 14, 2023
Via: JD SupraNothing in life is certain except death and taxes. And if you fail to understand Mississippi’s unique contractor’s tax framework before a project begins, it is almost certain to create problems down the road. A. What is contractor’s tax? The […]
Business Law & Regulations, Privacy
February 9, 2023
Via: JD SupraAs more of our lives and work become digitized, an inherent overlap continues to grow between data privacy and cyber security programs. Think of two similarly sized circles: in the past, data privacy and cyber security may have overlapped on […]
Tax Code, Regulations and Guidance
February 9, 2023
Via: JD SupraThe United States Virgin Islands (“USVI”) is an unincorporated territory of the United States.[1] But that doesn’t mean that they’re subject to exactly the same laws as in the United States—especially when it comes to taxes. The Mirror Code As […]
Tax Code, Regulations and Guidance
February 6, 2023
Via: LexBlogOn January 19, 2023, the Michigan Court of Appeals held that a taxpayer, transitioning from the Michigan Business Tax (MBT) to the Corporate Income Tax (CIT), cannot claim prior MBT business losses on its first CIT return. For tax years […]
Tax Code, Regulations and Guidance
February 1, 2023
Via: JD SupraSPACs, or special acquisition corporations, were all the rage in 2020 and 2021, including investors such as sports icons and media moguls. Also referred to as “blank-check companies,” SPACs offer an alternative way for private firms to go public and […]
Tax Code, Regulations and Guidance
January 31, 2023
Via: EntrepreneurThere is one time a year that requires a detailed level of attention for a business owner, no matter the size of your business. When tax season comes around, entrepreneurs initiate survival mode sometime between January and April 15 and […]
Tax Code, Regulations and Guidance
January 24, 2023
Via: Fit Small BusinessPercentage depletion is a tax provision that helps independent producers and royalty owners account for the reduction of a nonrenewable mineral resource, such as oil, gold, and iron, and to recover the associated cost. Another option for depletion is the […]
Tax Code, Regulations and Guidance
January 24, 2023
Via: National Law ReviewI suspect “The Quiet One” would be appalled to know the taxes facing cannabis operators – specifically Internal Revenue Code at 26 USC § 280E. That provision, discussed more fully below, often subjects cannabis operators to effective tax rates far […]
Tax Code, Regulations and Guidance
January 18, 2023
Via: JD SupraEarlier this month, the New York State Senate (S318) and Assembly (A407) reintroduced proposed legislation seeking to extend the New York State mortgage recording tax to mezzanine debt and preferred equity financings. This proposed legislation provides that mortgage recording taxes […]