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Business taxes
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At a moment when countries are trying to make production more environmentally friendly and shore up supply chain weaknesses, capital investment is critical. Unfortunately, some countries’ important investment incentives are scheduled to decrease in the coming years—including in four countries that account for nearly a quarter of global private investment. Policymakers now have an opportunity...
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The Internal Revenue Service has taken a major step forward with its release of a plan detailing how the agency will invest the ten-year $80 billion boost to its budget provided under the Inflation Reduction Act. The plan is a serious and comprehensive effort to bring the agency into the 21st century, but there are...
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We’ll do your taxesand find every dollaryou deserve When your Full Service expert does your taxes,they’ll only sign and file when they know it’s 100% correctand you’re getting the best outcome possible, guaranteed. Are you starting or returning to college in the US this year?  New people, fresh experiences, and a whole world of exciting...
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As companies increasingly embed ESG activities into their business practices, a new push for corporate political responsibility is emerging. Today, many businesses rely on an outdated model of engagement on public policy and civil discourse, often defaulting to trade associations and government relations departments to make decisions on their company’s stance on societal issues.   As...
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People competitive, dispute, contest concept. getty We will be holding a free 30-minute webinar on the use of grantor trusts on Monday, April 10, 2023 at 4:00 PM EST. Please click here to register. I wish to thank Stetson University College of Law students Jason McCosby and Peter Farrell for their assistance in writing this...
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Younger and healthier Brits have created a $17.1 billion budget hole by smoking and drinking less. That’s great news.   Excise taxes are generally levied on consumer products with negative public effects. Policymakers use these taxes to incentivize market participants to produce and purchase less of these ‘sinful’ products. Common excise taxes include those on...
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As expected, President Biden’s 2024 proposed budget included several changes to the tax treatment of foreign income. Although prior attempts to rewrite these tax rules stalled in Congress, with the European Union and others moving ahead on Organization for Economic Cooperation and Development proposals for minimum taxes on income of multinationals, it’s worth reviewing what...
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Tax season is here and every season we see questions about how to enter a Schedule K-1 in TurboTax, as well as what happens if you don’t receive your Schedule K-1 until after the tax deadline. If you have questions about what a Schedule K-1 is, please check out our tax article here. And if...
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HHS has released revised instructions for group health plans and insurers to report prescription drug and health care spending data, as required by the Consolidated Appropriations Act, 2021 (see our Checkpoint article). As background, regulations describing the content and timing requirements for data submissions have established that plans and insurers must submit annual spending, premium, and...
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Vintage blurred kids on swing at busy public playground in USA. Defocused children, parents doing … [+] activity together. Hanging seat suspended from bar back, forth. Colorful playground in background getty President Biden’s fiscal year 2024 budget would revive 2021’s enhanced child tax credit (CTC) with some new twists that seek to make the credit...
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