This year, millions of Canadians found themselves working from home unexpectedly due to #COVID19 and, as a result, can deduct certain home office expenses for tax purposes. @CanRevAgency is simplifying the process for them. More details: #SupportCdns
CPA link: IRS Releases Draft of Publication 15 (Circular E) for 2021: The IRS has issued a draft of the 2021 version of Publication 15 ((Circular E), Employer’s Tax Guide). The draft … The post IRS… ^Thomson > #tax #accounting
For Republicans, it would provide short-term liability protections for businesses. An additional $288B would be allocated to the Paycheck Protection Program (PPP) and other small business support. It also allows expenses paid for with PPP funds to be deductible for tax purposes.
Carried interest/capital gains back in spotlight: Biden's proposed tax plans could hit private equity in the pocket via @SPGMarketIntel
Shock of shocks! Donald Trump, the self-proclaimed billionaire, received a $72.9 million tax refund from the IRS while not paying a nickel in federal income taxes in 10 out of 15 years. Yep. Trump l-o-v-e-s corporate socialism for himself, rugged capitalism for everyone else.
I was just handed a 479-page tax bill a few hours before the vote. One page literally has hand scribbled policy changes on it that can’t be read. This is Washington, D.C. at its worst. Montanans deserve so much better.