Month: July 2021

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If you buy something through our links, we may earn money from our affiliate partners. Learn more. If you’re concerned about taking a tax hit when you sell your business, get a business valuation done. The business valuation is an appraisal that can help you set your price. It can also help you estimate the
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This map shows state gas tax rates as of July 2021, using recently released data from the American Petroleum Institute. States levy gas taxes in a variety of ways, including per-gallon excise taxes collected at the pump, excise taxes imposed on wholesalers (which are passed along to consumers in the form of higher prices), and sales taxes that apply
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The Organisation for Economic Co-operation and Development (OECD) recently published a report on tax revenue statistics in selected Asian and Pacific countries. The report, covering 24 tax jurisdictions, provides tax revenue data from 1990 to 2019 and includes a section on nontax revenue data for selected Asian and Pacific economies. Additionally, a special feature co-authored by the
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andresr | E+ | Getty Images Millions of Americans are feeling a financial boost from federal stimulus checks and monthly child tax credit payments. Those direct checks were made possible by tax credits that were created or expanded through legislation aimed at helping the U.S. economy bounce back from Covid-19. And as Americans get used
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Frederic J. Brown | AFP | Getty Images It can literally pay to get a Covid vaccine in some places. Across the country, many states are offering lottery prizes to boost the number of residents who inoculate themselves against the virus. If you are among the winners, just don’t forget the taxman. “Generally, when people
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The Internal Revenue Service is beefing up the security requirements for tax professionals using its system for electronically filing information returns. The IRS said Monday that it’s improving the Filing Information Returns Electronically, or FIRE, application process for new users. They will be required to authenticate their identities and create a new account through the