Tag: tax

June 14, 2019

Pennsylvania Governor Tom Wolf is set to veto a bill that expands taxpayer support for private and religious schools by $100 million. The bill would double the Educational Improvement Tax Credit (EITC), allowing corporations to divert state taxes to support […]

June 13, 2019

The way you choose how to calculate bonuses for employees can affect company morale. Performance bonuses encourage personnel to work toward achieving individual and company goals, and nonperformance bonuses can make everyone feel appreciated. You can multiply an employee’s total […]

June 7, 2019

Maine’s legislature approved the Death with Dignity Act this week, sending the bill to Governor Janet Mills on Wednesday for her signature. If enacted, the bill would add a new care option for individuals who are terminally ill and have […]

May 31, 2019

US President Donald Trump announced intentions late Thursday to issue a 5 percent tariff on all goods entering the US from Mexico. The president’s tariff is being issued in response to his perception that migrants from Latin America are continuously […]

May 16, 2019

While the tax-filing deadline may have passed, sometimes after filing people discover that they made a mistake. While the IRS may not be widely known for being cool, they are actually not the worst when it comes to allowing you […]

May 14, 2019

The US Supreme Court held for individual state sovereign immunity on Monday in Franchise Tax Board of California v. Hyatt, overturning precedent that currently allows one state to be sued in the courts of another. The case of Nevada v. […]

May 9, 2019

The New York Senate approved two bills on Wednesday aimed at forcing US President Donald Trump to release his tax returns and limiting his power to pardon state criminal offenses. The first, New York Senate Bill S5072A, requires the state’s […]

April 16, 2019

Imagine getting a letter in the mail stating you owe someone $98,000. Now imagine that someone is the Internal Revenue Service. Just the mere utterance of the letters “IRS” will give business owners and sole proprietors the chills. As you […]

April 11, 2019

When you’re starting a business, the last thing you want to worry about is how much of your profit is going to taxes at the end of the year (or the end of the quarter). But paying taxes is a […]

March 26, 2019

Businesses in California with one or more employees need to do payroll in compliance with federal, state, and local laws – like paid sick leave and commuter benefits. Due to the potential to incur penalties and fines, the best way […]