Business Taxes

IRS Mileage Rate 2009: 55 Cents For Business

Armen Hareyan — Mon, 05 Jan 2009 14:54:21 -0600

Last November IRS has issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Tax Policy In The Obama-Biden Administration

Armen Hareyan — Wed, 05 Nov 2008 07:18:43 -0600

Paul L. Caron, who is the Associate Dean of Faculty at the University of Cincinnati College of Law, presents 15 Tax Professors, who offer their thoughts on tax cut policy in the new Obama-Biden Administration. How will your business and income tax possibly look like under Barack Obama's administration.

Small Business Income Will See Tax Hike If Rates Are Raised

Armen Hareyan — Tue, 28 Oct 2008 10:40:29 -0500

Study shows that higher tax rates discourage growth and expansion of small businesses.

Economic Stimulus Act of 2008 Provides Tax Benefits to Businesses

Armen Hareyan — Mon, 25 Feb 2008 20:23:40 -0600

In addition to providing stimulus payments to individuals, the Economic Stimulus Act of 2008 provides incentives to businesses. These incentives include a special 50-percent depreciation allowance for 2008 purchases and an increase in the small business expensing limitation for tax years beginning in 2008.

Equipment Gets Faster Write-Offs Under Economic Stimulus Act of 2008

Armen Hareyan — Wed, 13 Feb 2008 18:49:43 -0600

Although the Economic Stimulus Act of 2008 is best (and most expensively) known for providing tax rebates for lower and middle income persons, businesses also received some tax benefits in terms of accelerated write-offs for new equipment purchases. Here are the details.

Sweden Rated High on Tax Scale

Armen Hareyan — Thu, 03 Jan 2008 10:33:03 -0600

A new study has compared Swedish taxes with the rest of the world, which shows high taxes in Sweden.

Former Treasury Secretary Calls for 'Comprehensive' Business-Tax Overhaul

Alla — Wed, 13 Jun 2007 05:38:35 -0500

Former Treasury Secretary Lawrence Summers called for a "comprehensive'' overhaul of U.S. corporate taxes to counter slowing revenue from business levies, Bloomberg News reported Tuesday.

CBI's Lambert Sets up Task Force To Examine Whether UK Business Tax Regime Is Still For Purpose

Armen Hareyan — Sun, 13 May 2007 23:08:10 -0500

CBI Director-General Richard Lambert today (Monday) launched a new Tax Task Force to examine whether the UK's corporate tax regime is still fit for purpose and to make recommendations for future policy.

China Tax reform means foreign and local companies equal

Armen Hareyan — Fri, 09 Mar 2007 01:04:17 -0600

Accounting Issue for Automobile Dealers To Be Addressed by IRS

Armen Hareyan — Fri, 23 Feb 2007 20:43:12 -0600