Taking a new look at tech
It’s not overhead anymore — it’s part of your product.
U.S. companies that have accumulated trillions of dollars of overseas earnings would be taxed on that stockpiled income at a rate as high as 12 percent under the tax-overhaul bill that House Republicans released Thursday.
House tax writers unveiled what the individual income tax brackets will be under their proposed legislation—with a 39.6 percent rate for households making more than $1 million annually.
The IRS won’t be able to accept electronically filed returns while it conducts annual maintenance and reprogramming.
House Republican leaders began rolling out a tax bill Thursday that contains sweeping changes for business and individual tax rates, including a measure to cut the corporate tax rate to 20 percent.
It will be business as usual with no layoffs or title changes, execs say.
House Republican leaders plan to unveil a tax bill Thursday that would cut the corporate tax rate to 20 percent and leave it there—abandoning an earlier plan to phase out the rate cut over time, said a person familiar with discussions on the bill.
The Top 100 firm and Walthall CPAs’ “Paws-to-Paws” campaign was a response to 2017 hurricanes.
The tax automation software company has added 14 new partners.
Paychex found a slight decline in the rate of growth in small jobs and wages in October, according to its latest monthly report.