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Month: December 2017

Trump takes victory lap after win on Republican tax overhaul

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December 21, 2017
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| Tax News And Info

President Donald Trump declared that Republicans had passed the largest tax cut in U.S. history and said corporations would no longer relocate their headquarters overseas after the House sent the legislation to his desk on Wednesday. “It hasn’t been done in 34 years, but actually hasn’t been done, because we broke every record,” Trump said […]

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Posted in Tax News And Info Tagged irs, tax news

Democrats target ‘tax scam’ in 2018, but the GOP’s not worried

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December 21, 2017
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Shortly before passing a far-reaching but unpopular bill on a party line vote, the Speaker of the House assured critics that people would like it once they felt its benefits. That was 2010, and it didn’t work out for Nancy Pelosi, the Democrat in charge of the House at the time, or for the Obamacare […]

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Posted in Tax News And Info Tagged irs, tax news

In the blogs: Sounds like a plan

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December 20, 2017
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Potential state-by-state effects of the bill; filing for the dead; the real power of IRS notices; and other highlights from our favorite tax bloggers. Sounds like a plan Tax Girl (http://blogs.forbes.com/kellyphillipserb): What the 2018 brackets, standard deductions and more look like under reform, “a deeper dive on some of the specific numbers that affect individual […]

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Posted in Tax News And Info Tagged irs, tax news

Paychex launches AccountantHQ

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December 20, 2017
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Payroll and HR services provider Paychex Inc. has launched AccountantHQ, a set of tools, resources and services aimed at accountants. Through Paychex’s Flex online platform, AccountantHQ offers an online dashboard for users to access payroll, HR and other data for multiple clients in one place, along with strong reporting capabilities. Among the latter are analytical […]

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Posted in Tax News And Info Tagged irs, tax news

FloQast relocates HQ

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December 20, 2017
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Close management software developer FloQast Inc. has moved to larger offices in Los Angeles, following significant growth during 2017. The new offices, in 20,000 square feet at 14721 Califa Street in the L.A. suburb of Sherman Oaks, represent a tripling of the company’s space, which was made necessary by an increase in staff of over […]

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Posted in Tax News And Info Tagged irs, tax news

Let the tax games begin

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December 19, 2017
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The tax reform bill that’s due for a vote this week in Congress will leave lots of tax loopholes for taxpayers and tax practitioners to strategize around for years to come. The hastily drafted bill contains arcane provisions about the tax rates for pass-through businesses and multinational corporations. While it eliminates a host of deductions, […]

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Posted in Tax News And Info Tagged irs, tax news

Pressure center: What clients say about tax reform

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December 19, 2017
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As Congress prepares to vote on the Tax Cuts and Jobs Act of 2017, practitioners are reporting that their individual clients have mixed feelings about the bill – particularly those in the middle class. “Many are convinced that what is good for business will ultimately be taken out of the pockets of the middle class,” […]

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Posted in Tax News And Info Tagged irs, tax news

Trump asks ‘How’s your 401(k)?’ but most voters don’t have one

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December 19, 2017
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President Donald Trump is trying out a new campaign slogan: “How’s your 401(k) doing?” The answer for more than half of Americans is that they don’t have one. Trump has tested out the line this month at a fundraiser, a campaign rally and in a White House meeting, predicting that the rising U.S. stock market […]

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Posted in Tax News And Info Tagged irs, tax news

Amazon to pay $118M to settle Italian tax probe

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December 18, 2017
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Amazon.com Inc. will pay 100 million euros ($118 million) to the Italian tax authorities for the period of 2011-2015 in a settlement that closes the fiscal probe by the country’s tax police, Italy’s Revenue Agency said in an emailed statement Friday. Amazon confirmed in a separate statement that it reached an agreement and its local […]

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Posted in Tax News And Info Tagged irs, tax news

Tax reform and the law of unintended consequences

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December 18, 2017
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With the release late Friday afternoon of the conference committee report, the final shape of the Republican tax reform bill is clear, and it would seem that almost the only remaining question is whether it will pass in both the Senate and the House in the coming week. But while having the final bill to […]

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Posted in Tax News And Info Tagged irs, tax news
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