The Taxpayer Certainty and Disaster Tax Relief Act of 2020 generally extends through the end of 2021 four temporary tax changes originally enacted by the CARES Act. Here is a summary of the provisions (more details are available on the IRS site): Deduction for individuals who don’t itemize; cash donations up to $600 qualify Ordinarily, individuals […]
Countries around the globe are trying to stem the so-called “rush to the bottom,” which has multinational companies moving their corporate headquarters so they can lower their tax bills. Countries like Bermuda, the Cayman Islands and Ireland are some popular destinations for corporations looking for tax havens. The result of this tax strategy is a […]
Florida consumers will save on hurricane and school supplies as well as concert tickets and outdoor gear under a $200 million bill signed by Gov. Ron DeSantis on Friday. HB 7061 includes sales tax holidays on back-to-school and hurricane preparedness items that Floridians are used to, but it also has a sales tax holiday for […]