Businesses for sale? Trump’s new tax law provides Main Street owners a more profitable way to sell.
Potential Tax Benefits for Small Businesses Under New Law A recent legislative change, known as the One Big Beautiful Bill Act, could offer significant financial advantages for small business owners looking to sell in the near future. Signed into law by President Trump in July, this bill expands the benefits associated with qualified small business […]
Will Massachusetts eliminate its estate tax? It comes down to competition versus fairness.
Calls to Eliminate Massachusetts Estate Tax The main change being sought is the removal of the state estate tax, which applies when someone passes away leaving over $2 million in assets to their heirs. Additionally, the Chamber is advocating for reductions in business taxes and short-term capital gains tax, with references to data indicating Massachusetts […]
Birmingham AI tax software company is growing and plans to hire 66 people.
A financial technology firm located in Birmingham is set to expand, aiming to create 66 new jobs over the next five years in the area. SmartWiz leverages advanced artificial intelligence to enhance the efficiency of tax professionals. This company stands out as one of just 16 IRS-approved tax software providers globally. Interestingly, its founders passed […]
Netflix Attributes Quarterly Earnings Shortfall to $619 Million Tax Issue in Brazil
Netflix Reports Disappointing Earnings Amid Tax Dispute Netflix’s recent earnings report fell short of analysts’ expectations, largely due to a tax dispute in Brazil, as explained by the company. This marked a break in Netflix’s impressive six-quarter streak of strong profits. The results were shared on Tuesday, and they contradicted many analysts’ predictions. Based in […]
Chicago mayor suggests bringing back a tax that has businesses worried.
Border Patrol Chief Discusses Firearms at Protests Greg Bovino, Chief of the U.S. Border Patrol’s El Centro Division, stated during his appearance on the Evening Edit that firearms and the use of vehicles as weapons during protests is, contrary to President Barack Obama’s remarks, not typical. This raises questions about the perception of safety and […]
Tax brackets are adjusting. Find out your expected tax for 2026 income.
IRS Adjusts Tax Rates for 2026 Even if you receive a raise in the upcoming year, your tax rate might stay the same due to the recent tax rates announced by the Internal Revenue Service. Interestingly, if your income remains unchanged or decreases, you could even see a lower rate. The IRS usually makes yearly […]
Is cash-in-hand the final permissible tax avoidance method for the middle class?
Many people view cash payments as a harmless way to save on VAT when hiring services like builders, dog walkers, or tutors. However, this practice could lead to significant issues. The government is struggling to collect unpaid taxes, which could end up costing taxpayers about £2.3 billion each year due to the strain small businesses […]
Trump Prevents Hidden Carbon Tax from the UN
Reevaluating U.S. Support for the United Nations Is it time for the United States to reconsider its relationship with the United Nations? Some influential figures are bringing this question into the spotlight this week. This follows an attempt by the UN, perceived as increasingly, um, “woke,” to introduce a global carbon tax stealthily, as if […]
Cities struggling like Chicago need to listen to Ken Griffin’s caution: Without a tax base, there’s no funding.
In a world where rational voices can often be drowned out by noise, Ken Griffin, the CEO of Citadel, stands out. Recently, at the Citadel Securities Future of Global Markets Conference in New York City, he shared insights on why he relocated the company’s headquarters from Chicago to Miami. Rising crime rates and hefty taxes […]
Illinois Allocated More Tax Funds for Migrants’ Health than for Roads, Foster Children, Seniors, and Arts Together
Illinois, led by Democrats, allocated more funding for free healthcare for undocumented immigrants than it did for foster children, seniors, roads, and the arts combined. The 2025 budget is set to surpass $53.1 billion, with more than $1 billion in new taxes expected to be implemented as early as June 2024. Despite this significant tax […]