The countdown to December 31 is on. If the OECD’s pillar 1 multilateral convention (MLC) is not in effect by that date, members of the OECD inclusive framework will be free to impose new digital services taxes, ending their pledge to refrain from doing so. However, there are concerns the OECD might not meet that
Taxes
We’re almost halfway through the tax season. I know it doesn’t feel like that in February, but it’s true. Tax season opened on Jan. 23, 2023, and will run until Apr. 18, 2023. That’s a total of 86 days. I’m writing this on Feb. 27, 2023—the 36th day of tax season. That’s just nearly 42%
The Supreme Court will hear oral arguments this week on the constitutionality of President Biden’s attempt to cancel up to $20,000 in student loans per borrower via executive action last year. Many proponents, including the Biden administration itself, have argued that not only is the move itself legal but that it is wrong for the
Last year, the US resident population increased by 0.4%, or 1,256,003, to 333,287,557, according to the Census Bureau’s population estimates. The growth was felt most acutely in the South, the fastest-growing and the largest-gaining region, with totals rising 1.1%. Some states—like South Carolina—are increasingly wary of what that means and are considering steps to address
Tax season is here, which can be a treacherous time for small business owners who have avoided proactive tax planning. If you find yourself with a higher-than-expected tax liability for 2022, opening and fully funding a SEP IRA may be a way to slash your 2022 taxes. To benefit from a SEP IRA, you should