Taxes
Latest News
A Scalable Talent Model Can Be Much More Than a Safety Net for CPA Firms in Need of Skilled Talent
Labor Challenges Persist Among Mostly Confident Business Owners, According to CBIZ Index
How PTO Policies Can Attract Top Talent
Airwallex Partners with Float for Bill Payment Automation for Canadian Businesses
![Donald Trump](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/19623/about_body_img_1_1_.55e0ec11c90b6.png)
President Trump Signs New Income Tax Law into Effect – New Brackets and Deductions for 2018
After the new tax reform law passed both the House and Senate, there was discussion about holding off the signing until the first week in January. Now, however, the President says he will stick by his Christmas pledge.
![Donald Trump](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/19623/about_body_img_1_1_.55e0ec11c90b6.png)
President Trump May Wait Until January to Sign New Tax Reform Law
Generally, the provisions in the TCJA take effect on January 1, 2018. Most of the provisions affecting individuals are temporary and “sunset” after 2025, while the majority of business provisions are permanent. Following is a rundown on some of the ...
Tax Reform Bill Passes Congress, Heads To President Trump
When enacted, the bill will be effective for the 2018 tax year and beyond. That means most taxpayers will not see the changes of the new law for about a year, when they file their 2018 taxes in April of 2019, although wage earners may see ...
![MoneyTaxes 43 1 57b730b409732](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/22829/MoneyTaxes_43_1_.57b730b409732-768x576.png)
When Will Trump Tax Reform Take Effect? Average Worker May Get Extra $38 Per Paycheck
People who work a "regular" job, and have taxes withheld from their paychecks, will likely see a change in their federal income tax withholding. For a taxpayer who gets a $1,000 tax cut, this could mean an extra $38 or so per paycheck (if paid biweekly).
![sales tax 1 55f831d675655](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/19748/sales_tax_1_.55f831d675655-768x510.png)
State-By-State Sales Tax Changes for 2018
2018 could be the year the Supreme Court of the United States reconsiders Quill Corp. v. North Dakota, 504 U.S. 298 (1992), the seminal ruling that prohibits states from taxing remote businesses without an in-state presence.
Congress Has to Revote on 2018 Tax Reform Bill – 3 Provisions Removed From Bill
The bill initially hit a snag after the first vote, because the Senate Parliamentarian determined that three provisions in the bill may have violated Senate rules. The House is expected to revote on the bill on Wednesday morning. The Senate is ...
![congress 1 56686c57c9a7f](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/20648/congress_1_.56686c57c9a7f-768x432.png)
2018 Tax Reform Bill Passes House, Heads to Senate
The House of Representatives passed the Tax Cuts and Jobs Act on Tuesday, the biggest change to tax laws since 1986. The bill passed on a mostly party line vote and now heads to the Senate where it is expected to see a close vote.
Tax Reform 2018: Deductions and Credits Explained
House and Senate Republicans have agreed to a new tax reform bill – the Tax Cuts and Jobs Act – by ironing out their differences in conference. Now the measure faces a vote in Congress the week before Christmas before it can become law.