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kathimerini.com.cy - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kathimerini.com.cy Daily Mail and Mail on Sunday newspapers.

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Avoiding the SALT cap might actually spark a larger tax bill

Some business owners can get hurt by workarounds to the $10,000 limit for state and local tax deductions.

New yorkUnited statesNew jerseyRhode islandBruce elyHodgson russHoward wagnerChristopher doyleCole schotzElizabeth pascalTreasury departmentPartner of national tax services at croweBradley arant boult cummingsNational tax servicesLocal tax practice leaderTax season

Latest stimulus package includes important tax credits

The COVID-19 relief package that Congress agreed to last month provides some useful tax breaks that accountants are recommending to their clients, but they’re wondering about the applicability of some tax breaks, such as claiming restaurant meals as business deductions.

United statesHoward wagnerEvan morganWashington national tax practice at topFirm croweFirm kaufman rossinHealth coverage tax creditKaufman rossinEmployee retention tax creditWork opportunity tax creditNew markets tax creditPresident elect bidenPresident trumpWashington national tax practiceTax creditsTax breaks

IRS offers guidance on deducting PPP expenses

IRS offers guidance on deducting PPP expenses
financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.

United statesHoward wagnerAndrew harrer bloombergEvan morganKaufman rossinSteven mnuchinRevenue serviceTreasury departmentAmerican institutePaycheck protection programInternal revenue serviceTreasury secretary steven mnuchinSmall business administration backedTax relief actConsolidated appropriations actRevenue ruling

IRS offers guidance on deducting PPP expenses

IRS offers guidance on deducting PPP expenses
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

United statesHoward wagnerAndrew harrer bloombergEvan morganKaufman rossinSteven mnuchinRevenue serviceTreasury departmentWashington national tax practice at croweAmerican institutePaycheck protection programInternal revenue serviceTreasury secretary steven mnuchinSmall business administration backedTax relief actConsolidated appropriations act