Month: February 2020

The ranking Republican on the House Financial Services Committee proposed an amendment that would stop the panel from even thinking about taxing trades of stocks, bonds and derivatives. Representative Patrick McHenry, the ranking Republican on the panel, offered an amendment Thursday that would prevent the committee from considering financial transaction taxes, a proposed new tax
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As part of its Tax in 2020 initiative, Deloitte has introduced Immersive Mobility, a virtual reality-driven service that helps orient transitioning employees to new locations. The new offering is designed to reduce the financial and environmental costs of relocation. Immersive Mobility offers 360-degree city tours, virtual home tours, onboarding, and mixed-reality training combining virtual reality,
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Intuit, maker of QuickBooks, has harnessed the popular app Karbon to create the new product Intuit Practice Management, planned to be available for tax year 2020. With it, taz professionals can navigate Intuit ProConnect Tax Online and Lacerte to scope work, automate data collection, scale client onboarding, anticipate bottlenecks and automate recurring work. Karbon is
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While the Supreme Court decision in Wayfair has led many states to expand their sales and use tax base to include digital transactions, Maryland and Nebraska have introduced bills that would tax gross receipts from digital advertising — a move that could hit major tech companies hard if it’s taken up nationally. To an extent,
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When yields are depressed, seeking attractive dividend profiles across sectors becomes more important. Slower global growth and uncertainty surrounding international trade contributed to a shift in monetary policy in 2019, as the Fed reversed its tightening regime and investors bought up relatively safer Treasury bonds, pushing down yields. The length of the current bull market,
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Spook central; short of a grand; a low bar; and other highlights of recent tax cases. Mansfield, Texas: Innocent Wangwamba, 36, a Zambian national who operated a scheme to steal U.S. taxpayer IDs and fraudulently claim refunds, has been sentenced to 97 months in prison. Wangwamba, who pleaded guilty last year, admitted that from February
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The filing season currently underway is the second season following the changes brought by the Tax Cuts and Jobs Act, and is naturally going somewhat smoother than last year at this point, according to Tom Wheelwright, a CPA and CEO of WealthAbility. “We know the forms have already changed from the 2018 filing season, beginning
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