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Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.
January 3 -
Tea merchants in both the U.S. and the U.K. continue to face tax problems, while stopping short of dumping their tea into Boston Harbor.
December 15 -
The service updated its tax-gap projections for tax years 2020 and 2021, predicting a big jump from prior estimates.
October 12 -
Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.
September 13 -
Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.
August 29 -
The company plans to invest $100 million per year in artificial intelligence starting next year.
July 3 -
Smaller accounting firms have been enthusiastic in experimenting with ChatGPT but so far are hesitating to put it towards serious client work.
June 5 -
Portland, Oregon, may penalize higher earners more than any other large U.S. city, according to a new report.
June 2 -
Instead of hiding gains, traders avoid tax by declaring losses using "wash trades" that are barred in regulated securities markets.
May 3 -
The District of Columbia, Massachusetts, Connecticut and Washington State had the highest incomes on average reported on tax returns.
April 28