Last month’s fiscal-cliff legislation included lots of tax provisions. Media attention has focused heavily on changes that affect individuals. But the new law also provides some valuable tax-saving breaks for small businesses. Continue reading
The European Commission appears determined to press ahead with a Europe-wide financial transaction tax in spite of warnings that it threatens the existence of Europe’s 1 trillion euro ($1.37 trillion) money market funds industry. Continue reading
Many members of the ‘Fix the Debt’ campaign are juggling their private interests with their public goals: they are also lobbyists, board members or executives for corporations that have worked aggressively to shape the contours of federal spending and taxes, including many of the tax breaks that would be at the heart of any broad overhaul. Continue reading
Tax News Welcome from AboutCashFlow.com to the top tax and accounting headlines from Reuters and other sources. * After Sandy, … Continue reading
Congress and President Obama hurriedly agreed to a “fiscal cliff” deal on January 1, after the New Year’s Eve deadline. Given the hasty vote, a summary of what the deal did and did not do is in order. Continue reading
Tax News Welcome from AboutCashFlow.com to the top tax and accounting headlines from Reuters and other sources. * U.S. tax … Continue reading
Congressional investigators are wrapping up an inquiry into the accounting practices of Apple and other technology companies that allocate revenue and intellectual property offshore to lower the taxes they pay in the United States. Continue reading
The fiscal-cliff deal didn’t change the corporate tax rate, which is no more than 35 percent. But many small S-Corp businesses will see a tax increase to 39.6 percent. Continue reading
