Taxes
Latest News
An Increase in Customer Theft is Increasing Restaurant Prices
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
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Online Alcohol Beverage Sales Take Off During COVID, But Face Sales Tax Nexus Laws
The burden of compliance starts as soon as a business starts making sales in an economic nexus state, because it’s necessary to determine whether economic nexus has been established. All states except Kansas provide an exception for companies selling ...
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Sales Tax News Roundup
The roundup is an overview of recent sales tax changes across the U.S.
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Avalara Launches Beverage Alcohol Tax Compliance System
AvaTax for Beverage Alcohol is a central component in the Avalara for Beverage Alcohol suite of products, which provides comprehensive support for beverage alcohol businesses across the compliance life cycle, from licensing and product registrations ...
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2021 Estimated Income Tax Rates and Tables
Bloomberg Tax & Accounting has projected 2021 income ranges for each tax rate bracket. Income ranges for the tax brackets for married taxpayers filing jointly and for single taxpayers are shown below. Rate brackets for other filing statuses are ...
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Salary and Benefits Trends During Covid-19
Employers have a growing list of concerns lately, including losing their top performers, new research from global staffing firm Robert Half shows. A large majority of senior managers surveyed (88%) said they are worried about their ...
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IRS to Offer 2020 Form 1040 in Spanish, Adding Support for More Languages
In addition to being available in English and Spanish, the 2020 Form 1040 will also give taxpayers the opportunity to indicate whether they wish to be contacted in a language other than English. This is a new feature available for the first time this ...
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IRS to Send Letter to 9 Million Non-Filers Who Didn’t Get Coronavirus Stimulus
The letters are being sent to people who haven’t filed a return for either 2018 or 2019. Based on an internal analysis, these are people who don’t typically have a tax return filing requirement because they appear to have very low incomes, based on ...
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Election 2020: Comparing the Biden and Trump Tax Plans
Now that the conventions of both major parties have wrapped up, we’re heading into the home stretch of the presidential election race. Naturally, taxes will be a major point of contention.