The online survey shows only 16 per cent of respondents are comfortable with further tax increases than what was already approved for the 2023-26 operating and capital budgets. 

Amid the anticipated increase in revenues this coming Christmas season, the Bureau of Internal Revenue (BIR) issued a warning to online marketplaces to pay the right taxes, saying that they are closely monitoring them this Yuletide season. “If retail or physical stores are registered and paying their taxes, online stores should do the same. In the coming months, we are expecting an increase in revenue of online businesses due to the holiday spending spree,” BIR Commissioner Romeo Lumagui Jr. said in a statement. The government’s tax agency said that they can block website access, similar to their “oplan kandado program” […]...

Keep on reading: BIR reminds e-commerce platforms to pay right taxes this holiday season

In India, there are hordes of unauthorised residential units, and levying even a low tax on these may be politically challenging

Following the most wonderful time of the year is a season that strikes fear in the hearts of many small business owners: tax time.

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The more things change…the harder it becomes to do your small business taxes. Between the Affordable Care Act coming into full effect, on-again off-again on-again tax credits gurgling out of Washington, and even a shakeup of the venerable TurboTax product line, this year—more than ever—small business owners need guidance and support as April 15 approaches.

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If you are thinking about starting a new business in one of the states in the US, then this list of 10 best states for business taxes could be very useful to you.

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Blood pressures are rising at many small businesses now that tax season is underway.

Although many owners hire accountants and attorneys to complete their income tax returns, taxes are a hassle. In a survey released last year by the advocacy group National Small Business Association, nearly 60 percent of the owners surveyed said the administrative burdens were the biggest problems posed by federal taxes. And 85 percent of the more than 675 owners said they relied on a professional to prepare their returns.

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Despite recent stock market turmoil, everywhere you looked this year someone was heralding the strength of the economy, which grew at 3.5 percent in the third quarter. However, not all economic growth favors small businesses, and some even detracts from it. The Inc. Entrepreneurship Index, which measures the quarterly health of the U.S. startup economy, currently sits at 83 out of 100 for the third quarter of 2018. This is down two points from the second quarter and a full nine points from the first quarter of 2017, when our Index peaked. Our indicator sees one factor in particular still dragging like an anchor on the startup economy: job growth.

Even though overall economic conditions have been largely favorable, small businesses have hit a growth ceiling as larger companies--bolstered by generally strong market conditions, favorable tax policies, support from local governments, and easing federal regulations--have been gobbling up talent. This is why, for the past year, the Index has shown a startup economy that is strong but slowing.

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Small business owners have plenty of changes to deal with as 2020 begins — higher labor costs for many companies and some owners will discover that they have to comply with new laws that aren’t on the books in their own states.

As of Jan. 1, there are higher minimum wages in a quarter of the states and new federal overtime rules. The IRS has new W-4 forms owners will need to get used to. Plastic bags are on their way out at stores and other businesses in a growing number of places around the country. And California has new laws on freelancers and consumer privacy that can affect out-of-state companies.

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Spring may be just around the corner, but for accountants and tax professionals, this is crunch time. Here are five ways you can help smooth out the filing process for your small business clients (and, consequently, yourself) this tax season.

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Property owners may face serious legal and financial ramifications if they fail to pay their property taxes. Therefore, timely paying such taxes is necessary to continue taking advantage of the municipal amenities. Owners must take immediate action if a property … Continue reading →

Reeves says the government will raise £25bn from increasing employers' National Insurance contributions.

The vote risks sparking a trade war as the EU looks to protect its own car makers.

Even blue states are doing it; what’s the matter with this state?

A new State law will soon shift collection of motor vehicle taxes from counties to the North Carolina Division of Motor Vehicles.

Despite progress in recent decades, more than 10,000 alcohol-impaired driving fatalities occur each year in the U.S. To address this persistent problem, stakeholders -- from transportation systems to alcohol retailers to law enforcement -- should work together to implement policies and systems to eliminate these preventable deaths, says a new report from the National Academies of Sciences, Engineering, and Medicine.

Taking advantage of tax planning opportunities is more important than ever in 2024

Taxes on tipped wages have now become a campaign issue. But economic equality advocates say ending sub-minumum wages would help workers more.

To ensure that your inevitable exit is a successful one - an exit that will deliver on your future financial, personal and business goals - you need an exit plan.

With more roofing companies looking to sell, now is the time to know some important facts and statistics to inform your exit planning strategies.

Kevin Kennedy of Beacon Exit Planning provides a birds-eye view of alternative legal strategies to consider in your business exit that can save you a bundle.

[This Day] The International Monetary Fund (IMF) has highlighted property taxes as a crucial but underutilised revenue source for Nigeria and other low-income countries aiming to achieve sustainable growth.

Host Bob Leins, CPA® welcomes Tom O’Rourke, Counsel.

The post FEHB and Taxes first appeared on Federal News Network.

Two reckless initiatives headed for the November ballot, 50 and 108, would gut the resources needed to pay firefighters, recruit and retain volunteers, buy equipment, and respond quickly when you call.

The FDM said they “support the recent announcement by the Government to cut energy taxes” but added that it is “imperative that the Government moves beyond short-term fixes and focuses on sustainable solutions that address the root causes of our economic challenges.” A spokesperson said, “The Free Democratic Movement [FDM] supports the recent announcement by the […]

(Official Washington Examiner editorial, October 28)  On corporate tax rates, former President Donald Trump’s position is demonstrably superior to Vice President Kamala Harris’s demagoguery. As part of her tiresome schtick […]

The post Trump is far, far, far better than Harris on corporate taxes appeared first on Quin Hillyer.

House Speaker Nancy Pelosi (D-CA) in an interview with MSNBC called the New York Times report on President Trump taxes a question of “national security issues,” citing owed money to foreign interests. In an interview with MSNBC host Andrea Mitchell, Pelosi sounded the alarm that foreign governments might have “leverage” on the president due to […]

The post Pelosi says Trump’s Taxes Are a ‘National Security’ Issue appeared first on Hispolitica.

Donald Trump's victory in the 2024 US presidential election is likely to usher in a raft of economic changes at home and abroad, touching everything from foreign trade to the independence of the US central bank.

On September 25, 2020, the Dutch Ministry of Finance launched a consultation on plans to introduce a withholding tax on dividend payments to low-tax jurisdictions.

On May 20, 2020, the German Cabinet agreed on new regulations that will set higher carbon prices from 2021 than those originally envisaged in the Government's Climate Protection Program, which was partially approved by parliament in November 2019.

The Netherlands is to introduce a new tax on international flights starting on January 1, 2021.

French Minister of Finance Bruno Le Maire presented the 2021 Finance Bill to parliament on September 28, 2020, which includes provisions to reduced taxes on production and plans to reduce the corporate tax rate next year.

The Italian Government will allow tax payments that were deferred during the COVID-19 lockdown to be paid in instalments over a two-year period.

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes.

Legislation has been enacted in Ecuador to introduce new taxes on companies and wealthy individuals, to fund government efforts during the COVID-19 pandemic.

Eight cities across the United States have introduced taxes on sugar-sweetened beverages, which are linked to health problems such as obesity and Type 2 diabetes (!--ref1--).

The GST Council, led by Finance Minister Nirmala Sitharaman, has formed a Group of Ministers to evaluate reducing GST rates on life and health insurance,

National Bureau of Economic Research

National Bureau of Economic Research

National Bureau of Economic Research

National Bureau of Economic Research