Why would a company moving into a century-old building that's never flooded need to cut a drain flap into its metal front door?
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Andrew Halladay, a production manager at Imperial Yeast, an Oregon-based brewery supplier, said the company loves the facility at the former Frankford Arsenal in Northeast Philadelphia. In establishing an East Coast outpost, the business landed on the natural-light-filled building, surrounded by neighborhoods full of breweries, and close to I-95, a key artery that connects Maine to Florida.
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Law in the Marketplace: What to know to minimize business taxes
A primary concern of all New Hampshire business owners during the coronavirus pandemic is to minimize business taxes, including, of course, New Hampshire taxes.
The two main New Hampshire business taxes are the 7.7% Business Profits Tax (the BPT) applicable to business entities with gross income of $10,000 or more; and the 5% Interest and Dividends Tax on interest and profits distributed to New Hampshire business owners by their own or other companies.
Georgia Senator David Perdue Privately Pushed For Tax Break For Rich Sports Team Owners | Georgia
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It's unclear why Senator Perdue was interested in tax regulation that would impact only a tiny set of the richest Americans. The effort, which wasn't successful, could have helped several of his donors, including fellow senator Kelly Loeffler.
Credit: John Bazemore/Associated Press
Sen. David Perdue, R-Ga. , privately pushed Treasury Secretary Steve Mnuchin to give wealthy sports owners a lucrative tax break last year, according to a previously unreported letter obtained by ProPublica.
Reforming Federal Income Tax | The Regulatory Review
That is how much President Donald J. Trump reportedly paid in federal income taxes each year in 2016 and 2017. Americans with adjusted gross income —the amount of money an individual earns through wages, dividends, capital gains, and other sources minus certain deductions—of around $25,000 typically pay more in federal income taxes than President Trump did in those two years.
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Federal income tax, as the name suggests, is a federal tax on the income that individuals earn . The federal government derives its general power to tax from Article 1, Section 8 of the U.S. Constitution , which states that "Congress shall have power to lay and collect taxes." The 16th Amendment, ratified in 1913, further establishes the power to tax income by giving Congress the "power to lay and collect taxes on incomes, from whatever source derived."
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Ask Eli: What Joe Biden's Tax Plan Means for Real Estate | ARLnow.com
President-elect Joe Biden has proposed a number of policies that would affect taxes on individuals with income above $400,000, including raising individual income, capital gains and payroll taxes. Biden would enact tax changes on corporations by raising the corporate income tax rate and imposing a corporate minimum tax.
Biden’s plan includes all sorts of changes and updates to the payroll tax, individual income tax, estate and gift tax changes, but two particular changes stand out for the real estate industry.
Helping Employers Navigate New Payroll Tax and Fringe Benefits Regulations | News | wfmz.com
Content will focus on Federal tax laws, as well as state specific updates for Illinois , Indiana and Missouri , corresponding with AAIM's and Insight CPAs' combined business service areas. Professionals who attend the program are eligible for credits including HRCI 6.5 credits; SHRM 6.5 credits; and CPE 7.5 credits.
"The co-presented program will offer additional expertise and perspectives to help employers make sense of recent legislative changes due to COVID-19," said Phil Brandt , president and CEO of AAIM, a 120-year-old organization that helps employers streamline HR systems and payroll capabilities and optimize talent. "While this will be AAIM's 34 th annual Payroll Tax Update program, it will be one of the most important for employers and we're pleased to be partnering with Insight CPAs."
Western Union Advances Its Digital Growth Strategy With Investment in stc pay | Coronavirus |
stc pay has rapidly developed into a leading digital wallet service in Saudi Arabia, a young and quickly developing market which offers huge potential for digital services. With a strong base of over 4 million customers and an established regional brand in the fast-growing digital wallet market, Western Union believes that stc pay is poised to experience strong growth in the future.
Western Union operates a strong and resilient global business across digital and retail channels. The Company has achieved significant progress in its digital growth strategy in 2020 through both its market leading westernunion.com channel and digital partnerships. In the third quarter of 2020, digital revenues increased 45% year-over-year, representing 21% of Western Union’s consumer business, and trended at an annual rate of over $900 million.
PPP IRS And Tax Deductions - Is Resistance Futile?
WASHINGTON, DC - APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly ... [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents, taking telephone calls and other actions related to the tax filing season. (Photo by Chip Somodevilla/Getty Images)
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Taxability.—For purposes of the Internal Revenue Code of 1986, any amount which (but for this subsection) would be includible in gross income of the eligible recipient by reason of forgiveness described in subsection (b) shall be excluded from gross income.
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