Most small businesses are set up to "pass through" income. If you're a sole proprietor or run an S corporation, your business doesn't pay taxes. Instead, the money passes through to you, and you ...
BATON ROUGE – A key part of Gov. John Bel Edwards’ tax plan quietly was introduced to the House on Monday in the form of House Bill 628 by Rep. Sam Jones, D-Franklin, which would place a tax on gross ...
The IRS released Revenue Procedure 2021-33 today. This guidance essentially allows any taxpayer that is calculating gross receipts to determine if those gross receipts for each quarter in 2021 are at ...
On its face, eligibility for claiming the Employee Retention Credit (“ERC”) seems straightforward – I had to shutdown my business due to a government order so I can claim an ERC. We have all learned ...
Anti-tax groups mounted a pre-emptive strike Tuesday on any solution to the state’s $1.6 billion budget shortfall that includes a new gross receipts tax on Oregon businesses. The group is acting ahead ...
The U.S. Supreme Court's landmark decision in South Dakota v. Wayfair, Inc. (138 S. Ct. 2080, 2018) overturned years of precedent that had precluded ...
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