Month: March 2021

If you buy something through our links, we may earn money from our affiliate partners. Learn more. Invoicing software provides an easy way for small businesses to streamline billing operations. These tools allow business owners and freelancers to request payments and get paid faster. Some even offer advanced features like time tracking, project management, and
0 Comments
Download Data Table of Contents Key Findings A capital allowance is the amount of capital investment costs a business can deduct from its revenue through the tax code via depreciation. Ideally, countries should provide higher capital allowances, as they can boost business investment which, in turn, spurs economic growth. The average of OECD countries’ capital
0 Comments
Table of Contents Executive Summary Income tax repeal is on the agenda in West Virginia, with Governor Jim Justice (R) and Republicans in both the House and Senate releasing plans for dramatically lowering or eliminating the state’s individual income tax. Despite their shared aims, these plans represent vastly different approaches. They are not even aligned
0 Comments
Robert Daly | Getty Images The Biden administration is expanding an existing pause on student loan interest and collections to include more than 1.1 million borrowers who are in default, the U.S. Department of Education announced Tuesday. The borrowers, whose defaulted loans are part of the Federal Family Education Loan program, were ineligible for the
0 Comments
The Financial Accounting Standards Board released an accounting standards update Tuesday that gives private companies and nonprofits an accounting alternative to decrease the complexity of performing a goodwill triggering event evaluation. Under current U.S. GAAP, goodwill needs to be tested for impairment when a triggering event happens that indicates that it’s more likely than not
0 Comments
In an effort to rein in perceived excesses in executive compensation, Sen. Bernie Sanders (I-VT) and other co-sponsors have proposed to increase a company’s corporate income tax rate progressively based on the difference between median worker pay and CEO pay. The proposal, titled the “Tax Excessive CEO Pay Act,” fails to acknowledge that the corporate
0 Comments
In a typical year, senior-level professionals at MarksNelson wouldn’t be able take a half-day away from busy season work to sit at a job fair booth on campus and chat with students about career opportunities at the Kansas City-based firm. But since the pandemic, these firm leaders are logging onto virtual recruiting events to answer
0 Comments
Steven Heap/EyeEm/Getty Images The deadline to contribute to individual retirement accounts and health savings accounts is May 17, the same day that individual federal income tax returns are due, the IRS said Monday. The announcement comes after the agency postponed the filing deadline to May 17 from April 15 following increased calls for more time
0 Comments
Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits. WASHINGTON — A frustrated Supreme Court heard arguments on Monday in a securities fraud class-action case against Goldman Sachs, with several justices indicating puzzlement about what they were meant to do in light of
0 Comments
Senate Democrats are circulating a plan that would trigger tax bills on the assets of the wealthy after they die as the lawmakers seek new sources of revenue to fund trillions of dollars in infrastructure spending and social programs. The draft legislation would seek to end a long-standing feature of the Tax Code that allows
0 Comments