Tag Archives: Taxation

IRS Proposes Big Tax Break for Sole Proprietor Entrepreneurs

IRS issues proposed regulations on new 20 percent deduction for passthrough businesses The Internal Revenue Service issued proposed regulations for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new deduction — referred to as the Section 199A deduction or the deduction for qualified business

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Tax Foundation Report – The Benefits of Cutting the Corporate Income Tax Rate

Before the Tax Cuts and Jobs Act (TCJA), the U.S. had one of the highest statutory corporate income tax rates in the developed world at 35 percent. Now, the federal corporate income tax rate sits at a much more competitive 21 percent, which brings the combined average state and federal tax rate (25.7 percent) closer to the average for developed

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NFIB Report – US Small Business Ready To Grow in 2018

The historic small business tax cuts, including a new 20 percent deduction on earnings and immediate expensing of business investments, are giving small business owners long overdue tax relief. Businesses around the country are using their tax cut savings to raise wages, hire new employees, and expand. Six of the 10 components that make up the small-business optimism index increased

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MoFo Tax Alert – President Trump Signs Tax Reform Bill

On December 20, 2017, both the House and the Senate passed H.R. 1 (the “Bill”), which President Trump signed December 22, 2017. The Bill dramatically alters the U.S. approach to domestic and international taxation. It represents the results of a conference agreement between the House and Senate reconciling the version passed by the House on November 16, 2017, and the

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Job Creators Network – Tax Reform Bill Helps Small Businesses

American small businesses are under attack by over-taxation, over-regulation, and lack of access to credit. According to a recent Job Creators Network nationwide poll of small business owners, the vast majority of respondents said the current tax and regulatory climates are preventing them from expanding and creating jobs To address these issues facing small businesses and finally bring them and

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Swedish Tax Rules Cost Tech Unicorn Key Executives – Bloomberg

Swedish Tax Rules Cost Tech Unicorn Key Executives – Bloomberg Payments startup Klarna, one of Europe’s few unicorns, is losing senior executives because of Sweden’s tax on stock options issued by employers, which can be as high as 67%. Sweden’s tech startups have protested the law that imposes the heavy taxes. https://www.bloomberg.com/news/articles/2017-04-11/lack-of-lucrative-stock-options-causes-exits-at-swedish-startup About Us We are the Trusted Source For

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Venture Capitalists say 2017 will be a big year for startups – Bloomberg

Venture Capitalists say 2017 will be a big year for startups – Bloomberg Venture capitalists are bracing for a busy year. They point to a rebound in the initial public offering market, large stockpiles of cash from investors, a surging stock market, potential tax reforms that could free up corporate cash, and increased interest among nontech companies in buying startups.

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