Just two of the more than 50 new laws proposed by Oregonians through the ballot initiative process stand a chance at appearing before voters in November. Friday was the deadline for groups to submit the more than 100,000 petition signatures needed to give voters a chance to approve or reject ballot measures. Only two measures … Read more
Just two of the more than 50 new laws proposed by Oregonians through the ballot initiative process stand a chance at appearing before voters in November. Friday was the deadline for groups to submit the more than 100,000 petition signatures needed to give voters a chance to approve or reject ballot measures. Only two measures … Read more
3-minute read Audrey Lane | Special to the USA TODAY NetworkI spent the days leading up to passage of this year’s New Jersey state budget at the Statehouse in Trenton. It was an eye-opening and, at times, frustrating experience. Our state’s economic and fiscal policies are resulting in deficit spending, and the process surrounding those policies … Read more
(The Center Square) — Several tax changes took effect on Monday, the start of fiscal 2025, including a decrease in Georgia’s personal and corporate income tax rates. House Bill 1015 lowers Georgia’s personal income tax rate to 5.39% from 5.49%, while HB 1023 sets the corporate income tax rate — previously 5.75% — to the same level as … Read more
EAST ISLIP, — Two Long Island business owners were sentenced in late June after pleading guilty to grand larceny for stealing tax money from New York State, Suffolk County District Attorney Raymond A. Tierney said. Brian Soltan, 62, of West Islip, owner of several East Islip auto body businesses, and Gerald McCrystal, 51, of Dix … Read more
While Republicans have coalesced around Donald Trump as their nominee, there is still a divide within the party over what to do with the federal corporate tax rate if they recapture control of Washington next year.Some members of his party would like to see it reduced to as low as 15 per cent; others would … Read more
Navigating the complex world of business taxes is no small feat, especially for small business owners who already wear many hats. That’s where a business tax lawyer comes in. They provide invaluable support and guidance, ensuring your business stays compliant and financially healthy. Here are some key benefits of hiring a business tax lawyer for … Read more
[co author: Dennard Small] House Bill 4087* (H.4087) advances income tax credits for corporate headquarters, recycling facilities, job development and retraining by amending the South Carolina Code of Laws to update portions of the South Carolina Income Tax Act and the Enterprise Zone Act of 1995. The primary objectives of this bill include: expanding the … Read more
The concept of integration is that income earned within a corporation should be somewhat equal to income earned personally, once dividends have been paid out of the corporation. Said another way, integration essentially attempts to make the combined income taxes paid by the corporation and the owner on income earned through the corporation to be … Read more
It cannot be stressed enough that the corporation as a taxpaying entity is a fiction. And the previous assertion should in no way be construed as a suggestion that corporations pay no taxes. Quite the opposite. At the same time, this write-up’s opening line is just a comment that shareholders pay all corporate taxes, which … Read more