This notice provides that the tax credits for qualified sick leave wages and qualified family leave…
Category: Accounting, Tax & Payroll
Maryland Lawmakers Look to Alcohol for New Revenue
Maryland Senator Antonio Hayes is sponsoring a bill to increase the state’s alcohol excise tax. The…
SOCIAL SECURITY & MEDICARE LIFETIME BENEFITS & TAXES: 2020
For a single male earning average wages every year and retiring in 2020 at age 65,…
THE FEDERAL BUDGET OUTLOOK AFTER COVID-19
The COVID-19 pandemic and the associated policy responses have had a significant impact on the budgets…
ITEMIZING ON STATE AND FEDERAL TAX INCOME RETURNS
In states that require taxpayers to use the same status on their state income tax return…
How to Implement Value Pricing
Not all accounting services are created equal. Some services are more complex than others and can…
The Tax Gap Tops $500 Billion a Year
The Joint Committee on Taxation (JCT) recently released a report entitled “Overview of the Tax Gap.”…
Tax Complexity 2018: With Relief on the Way, Taxpayers Hope Headaches Will Ease
Taxpayers spend 8.1 billion hours a year complying with the Tax Code. Taxpayers also spend $31.9…
Report to The Congress on Return-Free Tax Systems: Tax Simplification Is a Prerequisite
In the United States, an individual whose income exceeds a certain threshold (the sum of the…
Tax Gap Estimates for Tax Years 2011–2013
This report presents estimates of the tax gap for the tax year (TY) 2011–2013 timeframe. The…