-
The recently passed tax reform bill, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will have a major impact on businesses. Here’s a look at some of the most significant changes. They generally apply to tax years beginning after December 31,…
-
Tax Reform Latest News “On December 2, the Senate, by a vote of 51 to 49, passed its version of the “Tax Cuts and Jobs Act” (the Act). The Act would drastically overhaul the U.S. tax system, including changes to individual tax rates, doubling the standard deduction, and suspending many deductions including personal exemptions. The Act would also eliminate one…
-
People move for various reasons: to be close to loved ones, amenities and nightlife, to pursue lower living costs, or just because you always wanted to live in a certain place. Proximity to work is the most common reason for moving, and you may be eligible for tax incentives if you just got that offer for a dream job hundreds…
-
The United Kingdom’s vote to leave the European Union (EU) is going to have a lot of impact on international trade, not to mention the American economy and tax policy. Americans with UK-sourced income and businesses looking to enter the UK market should take heed of the impending changes and how they will affect their tax liabilities. Here’s an overview…
-
The breadth of our life experiences and changes that occur as we mature always have wider tax implications. The major milestones of our lives bring both tax benefits and liabilities. Almost every milestone we reach, whether it includes the excitement of change or the sadness of loss, directly or indirectly affects our status as a taxpayer. For example: Getting married…
Category “Impact on Taxes”
Dukhon Tax and Accounting. All Rights Reserved.
Proudly serving Brighton, Allston, Boston, Massachusetts & International tax clients around the world