Tax code

Dynamic Glass Tax Code Incentives, Inflation Issues Addressed at FGIA Fall Conference

The Regulatory and Legislative Report from the Fenestration and Glazing Industry Alliance (FGIA) Hybrid Fall Conference looked at issues of inflation, tax code incentives built into the Inflation Reduction Act, the FGIA’s public comments, as well as other matters relating to the US window and glass industry. The report, presented by the FGIA’s Director of […]

Tax laws

Budget to reset tax laws to decriminalize IT sections, GST: Ministry of Finance

No capitalization under GST yet due to heavy penalties, may reduce them to limit tax disputes: Finmin official No capitalization under GST yet due to heavy penalties, may reduce them to limit tax disputes: Finmin official The Union Budget 2023-2024 will include measures to decriminalize tax laws, remove provisions from Income Tax, GST and Customs […]

Tax laws

Budget to reset tax laws to decriminalize IT sections, GST: Ministry of Finance

No capitalization under GST yet due to heavy penalties, may reduce them to limit tax disputes: Finmin official No capitalization under GST yet due to heavy penalties, may reduce them to limit tax disputes: Finmin official The Union Budget 2023-2024 will include measures to decriminalize tax laws, remove provisions from Income Tax, GST and Customs […]

Tax code

Government refuses to change tax code to include in FTSE Russel Emerging Markets Bond Index

According to various reports, India has ruled out any changes to tax laws that would simplify the inclusion of the country’s bonds in international indices. According to reports, the administration has no plans to waive capital gains taxes and fears foreign investment could exacerbate volatility in local markets. These taxes have already caused problems in […]

Tax code

Newman daughters’ lawsuit against foundation pivots on tax code

Last month, two of Paul Newman’s daughters, Susan Newman and Elinor “Nell” Newman, filed a complaint against the Newman’s Own Foundation, a tax-exempt organization created by their actor and philanthropist father. Although the parties are particularly well known, the allegations in the case are common to misappropriated estates everywhere – a wealthy individual ages, opportunistic […]

Tax laws

New tax laws make system even more complicated, inspector says

The Cabinet must take into account that the measures bundled in next year’s tax plan will complicate the tax system for citizens. “Implementation will also become more vulnerable to future adjustments,” warns the new Inspectorate of Taxes, Benefits and Customs (IBTD). “We believe it is important in these situations that citizens and businesses can properly […]

Tax laws

GRA calls for police investigations into fraudsters’ failure to comply with tax laws

Economic Invoice Surveys The Ghana Revenue Authority (GRA) has handed over some officials from three establishments to the CID Unit of the Ghana Police Station for investigation into non-compliance with the country’s tax laws. It was found that the facilities are Champion Dishes, a restaurant in Adabraka, Grace Has Found Us and Celeb’s all at […]

Tax code

South Carolina Alphabet Soup: ATI and FILOT After South Carolina Tax Code Changes | Womble Bond Dickinson

When South Carolina properties are sold directly or indirectly through the sale of equity in the owning entity, the sale is generally considered a taxable transfer of interest or “ATI”. An ATI allows county tax assessors to reassess the value of the sold property for tax purposes within one year of closing, which can result […]

Tax laws

NFT tax laws introduced in Washington and Pennsylvania

Washington and Pennsylvania are the first US states to tax NFT sales. State officials made the decision in early summer. Notably, collectors might also have to retroactively pay for their NFT sales. The move comes after several other countries around the world also started taxing NFT trading. Washington and Pennsylvania are the first states to […]

Tax code

South Carolina Alphabet Soup: ATI and FILOT After South Carolina Tax Code Changes

When South Carolina properties are sold directly or indirectly through the sale of equity in the owning entity, the sale is generally considered a taxable transfer of interest or “ATI”. An ATI allows county tax assessors to reassess the value of the sold property for tax purposes within one year of closing, which can result […]

Tax code

South Carolina Alphabet Soup: ATI and FILOT After South Carolina Tax Code Changes

When South Carolina properties are sold directly or indirectly through the sale of equity in the owning entity, the sale is generally considered a taxable transfer of interest or “ATI”. An ATI allows county tax assessors to reassess the value of the sold property for tax purposes within one year of closing, which can result […]

Tax deductions

Audit: Dozens of Colorado Tax Deductions, Exemptions Are Underutilized | Subscriber Content

Dozens of Colorado’s tax deduction and exemption programs are underutilized, with many serving no purpose whatsoever, according to a new state audit. The Office of the State Auditor released its fifth annual Tax Expenditures Compilation Report on Friday, detailing individual assessments of 48 tax expenditures, including various tax credits, exemptions and deductions. The report concluded […]

Tax code

Amendments to the Tax Code of the Republic of Kazakhstan – Withholding Tax

September 16, 2022 GRATA International To print this article, all you need to do is be registered or log in to Mondaq.com. On July 12, 2022, a number of amendments to the Tax Code of the Republic of Kazakhstan (the “Tax Code”) were introduced. Below are the most important of them, which, with a few […]

Tax code

Amendments to the Tax Code of the Republic of Kazakhstan – Withholding Tax

September 16, 2022 GRATA International The most popular: Article Kazakhstan, September 2022 To print this article, all you need to do is be registered or log in to Mondaq.com. On July 12, 2022, a number of amendments to the Tax Code of the Republic of Kazakhstan (the “Tax Code”) were introduced. Below are the most […]

Tax deductions

Tax deductions you can get for running a business from home

These days almost anyone can start a business from home. The opportunities are there, and many of them don’t cost much to get started. The IRS is even friendly to home-based business owners — and the self-employed — allowing you to access a wide range of tax deductions. Many tax deductions for a home business […]

Tax deductions

Teacher tax deductions for these reimbursable expenses

What is the tax deduction for teaching expenses? And how can it help teachers save on their taxes? Robert Powell of the Retirement Daily sat down with Jeffrey Levine, CPA and tax expert at Buckingham Strategic Wealth Partners, to answer the question and provide some tax advice for teachers. TurboTax Live experts are watching over […]

Tax deductions

9 Best Self-Employed Tax Deductions to Claim

September 12, 2022 11:04 am Taylor Medine – Forbes Advisor Job : September 12, 2022 11:04 am Updated: September 14, 2022 07:48 Getty Being self-employed full-time or part-time can give you job flexibility and an extra stream of income, but taxes can be a hassle. When you earn income without withholding tax, you are responsible […]

Tax deductions

The best tax deductions for the self-employed – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Being self-employed full-time or part-time can give you job flexibility and an extra stream of income, but taxes can be a hassle. When you earn income without withholding tax, you are responsible […]

Tax code

The audit of the tax code is long overdue

President Biden has pledged $80 billion over the next decade to support the Internal Revenue Service (IRS) and help IRS officers do their job. Republicans cry foulsuggesting that every American will be the target of unnecessary and unwelcome harassment, especially small business owners. Like any partisan answer, the truth usually lies somewhere in the middle. […]

Tax code

Labor Day is a fitting reminder to fix a tax code rigged against workers | Price County Review

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Tax deductions

Cut Inflation Act extends tax deductions for energy efficiency

The hugely popular 179D tax deductions are getting a makeover under the new law with the potential for huge financial benefits for facility managers. Here’s how to take advantage of the new law. By Charles R. Goulding and Jacob Goldman, Contributing Authors The Inflation Reduction Act (IRA) of 2022 was signed into law on August […]

Tax laws

Jim of Bree | Thoughts on New Tax Laws, Part 2

This is the second of two columns dealing with the Inflation Reduction Act. Part 1 appeared in Tuesday’s edition. In my previous column, I discussed several tax issues surrounding the Inflation Reduction Act, but reserved comments on the most controversial aspect of the legislation, IRS funding, for this column. Obviously, the IRS is underfunded. The […]

Tax code

Helping ordinary workers starts with simplifying the tax code By Oren M. Levin-Waldman

Listen to socioeconomic research professor Oren M. Levin-Waldman’s discussion of his most recent essay, “Helping Ordinary Workers Starts By Simplifying the Tax Code.” Wednesday, September 7, 2022. He can be heard every other Wednesday morning from 10-11 a.m. ET on the Westchester On the Level show. The broadcast is heard “Live” or “On Demand” by […]

Tax deductions

Starting a Business: Understanding Costs and Tax Deductions

Start-up company https://llc.as.gov IRS.gov A step-by-step guide to business start-up costs and tax deductions There are different types of expenses that business owners need to be aware of. Many of these expenses typically fall into two distinct categories: fixed costs and/or variable costs. » —Kim Gilmore SILVERADO, CALIFORNIA, USA, Sept. 6, 2022 /EINPresswire.com/ — One […]

Tax code

Let’s copy and paste the Australian tax code

Many of the best and brightest minds in our country have come up with ways to fix New Zealand’s tax system. Now Hayden Donnell has it too. Taxation is one of the most depressing topics to discuss in new zealand. Our housing market is a marvel of economic engineering. Experts all over the world are […]

Tax laws

Dues from secured creditors take priority, says Bombay High Court

The right of secured creditors to realize the debt must take priority over government dues, the Divisional Bench of the Bombay High Court said while hearing 12 motions for injunction by various banks and NBFC. The decision clarified the law on priority of dues under the Sarfaesi Law, Debt Recovery and Bankruptcy Law from the […]

Tax code

New climate law overhauls US tax code with benefits and flexibility | Vinson & Elkins LLP

Recognizing the impact of carbon on the environment and climate, the ERI aims to support and encourage development and investment in a wide range of areas: green and/or clean energy generation; manufacturing of energy components; vehicle electrification; and innovation. It is expected to spur record growth in green and clean energy, pumping trillions into the […]

Tax code

New climate law overhauls US tax code with benefits and flexibility | Knowledge

The Inflation Reduction Act of 2022 (IRA) represents one of the most sweeping climate policy laws ever passed in the United States. Although the final impact of the IRA remains to be seen, we expect there to be considerable impact for decades to come. Recognizing the impact of carbon on the environment and climate, the […]

Tax code

New climate law revises US tax code with benefits and flexibility

The Cut Inflation Act of 2022 represents one of the most sweeping tax and climate policy laws ever enacted in the United States. Although the final impact of the new law remains to be seen, we expect considerable impact for decades to come. Recognizing the impact of carbon on the environment and climate, the law […]

Tax laws

Japanese Regulator Wants to Reform Crypto Tax Laws for Businesses and Investors

Source: Adobe/amirul syaidi Japan’s main financial regulator, the Financial Services Agency (FSA), has indicated that it is ready to reform the country’s tax laws that govern how companies and their investors are taxed on their interactions with crypto. The reforms are a response to the growth momentum in the pro-IT sector initiated by Prime Minister […]