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Posts Tagged 'taxes'

We are pleased to present below all posts tagged with 'taxes'. If you still can't find what you are looking for, try using the search box.

IRS Lowers Mileage Rates for 2014

The Internal Revenue Service (IRS) decreased the optional standard mileage rates to use for 2014 in computing the deductible costs of operating an automobile for business by half-a-cent.

Business Groups Respond to IRS Final Rules on Health Insurance Tax

As a part of the Affordable Coverage Project, ABC and other business groups responded to final rules issued by the IRS on the new burdensome health insurance tax beginning on Jan. 1, 2014, calling on Congress to protect employers and consumers from the increased health coverage costs.

Big and Small Business Coalitions Unite on Comprehensive Tax Reform

The Coalition for Fair Effective Tax Rates and the Reforming America’s Taxes Equitably (RATE) Coalition held a joint press conferenceSept. 19 to support the passing of comprehensive tax reform that would lower both individual and corporate rates and eliminate distorting tax preferences. 

Study Finds Individual Tax Rates Have Strong Impact on Business Activity

A study completed by the Tax Foundation found that, with pass-through businesses surpassing traditional corporations in number, individual tax rates with higher burdens impact hiring and other investment plans, causing an already struggling economy to remain unstable.

New Study Shows S-Corps Pay Highest Effective Tax Rate

Two key pass-through structures favored by small businesses pay a significantly higher effective tax rate than large corporations, according to an Aug. 7 study released by National Federation of Independent Business and the S Corporation Association, of which ABC is a coalition member.  Analysis by Quantria Strategies shows that S corps will pay the highest effective tax rate in 2013 at 31.6 percent, compared to 29.4 percent for partnerships, 17.8 percent for C-corporations and 15.1 percent for sole proprietorships.  Effective tax rates are the percentage of income businesses pay in taxes.

IRS to Hold Two Free Webinars on Small Business Taxes

The Internal Revenue Service (IRS) is hosting two webinars for small businesses on how to avoid the top tax mistakes and how to maximize tax benefits.

New Website Seeks Feedback from Public on Tax Reform

Rep. Dave Camp (R-Mich.) and Sen. Max Baucus (D-Mont.) May 9 launched a new website, taxreform.gov, and a Twitter feed,@simplertaxes, to gather feedback from the public on tax reform. 

Tax Committee Report Singles out ABC’s Proposal for CCM

The Joint Committee on Taxation May 6 released a report summarizing the findings and comments obtained from 11 working groups that were formed by the tax-writing Ways and Means Committee related to tax reform. The report is a part of an effort to overhaul the U.S. tax code.

ABC Calls Attention to New Taxes in Health Care Law

In response to a U.S. House of Representatives subcommittee hearing on the tax provisions contained in the Patient Protection and Affordable Care Act (PPACA), ABC sent a letter that called attention to several provisions that will affect ABC members, including the additional Medicare taxes on wages and investment. 

ABC Applauds Bill That Would Repeal the Health Insurance Tax

As part of the Stop the HIT Coalition, ABC Feb. 15 applauded the introduction of the Jobs and Premium Protection Act of 2013, a bill that would repeal the health insurance tax (HIT) provisions in the Patient Protection and Affordable Care Act (PPACA).