Intuit has introduced a range of new features to ProConnect Tax Online, its professional tax preparation product, for tax year 2019. Updates include new forms, e-file capabilities, and behind-the-scenes software upgrades. Responding to recent upheavals in tax law, Intuit states it has been making key improvements to ProConnect Tax Online to ensure continued support for
CNBC’s Jim Cramer reveals a list of stocks that he thinks would be worth buying if the United States and China come to terms on a trade deal. The “Mad Money” host, however, goes on to let viewers know that he is still in favor of President Donald Trump adding more tariffs to Chinese imports
Woman contemplating while sitting next to a jar full of dollar bills. Getty | JGI/Jamie Grill The vast majority of employers think workers are struggling to manage their personal finances. And while bosses are doing more to help alleviate their financial struggles, companies are still falling short. Nearly 8 in 10 employers offering a workplace
Getty Estate planning is a complex world for most Americans. For many, the process can seem overwhelming and expensive. For others, it is uncomfortable to confront one’s mortality and requires tough decision making. But regardless of one’s feeling on estate planning, there is one estate planning document that all Americans should have: A Health Care Directive. But what
Tonight, the Utah legislature enacted a rebalancing of the state’s tax code in a one-day special session at the culmination of a months’-long process that saw lawmakers crisscross the state and entertain more than 62 hours of public comment across 17 meetings. The legislation enacted tonight was in some respects a product of that process,
CPAs gone wrong; on the waterfront; trooper tricks; and other highlights of recent tax cases. Jacksonville, Florida: Preparer Joanna Arlean Tukes has pleaded guilty to aiding and assisting others with the filing of fraudulent tax returns. Since 2012, Tukes owned and operated a prep business where she reported false information on returns, including false claims
Canada is likely to join the ranks of many other countries in having a digital services tax (DST). During the recent election, a DST was part of the manifesto of Prime Minister Trudeau’s Liberal Party. Since the election, the DST has been made part of official policy with an expected implementation in April of 2020.
René Lacerte, CEO and founder of Bill.com Source: Bill.com Shares of fintech company Bill.com soared a whopping 60% on its first day of trading on the New York Stock Exchange on Thursday. Bill.com, which sells software services to small- and medium-sized business to help with payment processes, was priced at $22 per share before its
A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Aramco set new records as the world’s biggest initial public offering. And, chances are, you’re shut out
Two years after passage of the Tax Cuts and Jobs Act (TCJA), the U.S. Treasury Department continues the process of proposing and finalizing regulations related to enforcement and administration of the reforms outlined in the law. The volume of regulations issued related to the TCJA highlights the scope of the change in tax law since
Share to facebook Share to twitter Share to linkedin The long-awaited trade deal could finally be happening. Nicholas Kamm/AFP via Getty Images Topline: U.S. and Chinese negotiators have agreed upon the terms of a phase one trade deal that now only awaits President Donald Trump’s approval, with an official confirmation possible as early as this
Eighteen candidates still are in the running for president in 2020—and they’ve proposed over 300 tax ideas! To keep track, the Tax Policy Center has sifted through their campaign websites, online postings, and their statements during debates or on Sunday talk shows. Because we did, you don’t have to. Just go to TPC’s new guide
EY will offer its TaxChat online tax preparation service directly to consumers who are required to file U.S. tax returns starting in 2020. The solution is not quite do-it-yourself, as it will offer licensed tax professionals who prepare and file clients’ individual federal and state returns through the digital platform. DIY tax solutions remain a
A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters General Electric shares rose after a new analyst at UBS assumed coverage on the troubled conglomerate with a buy rating. “We believe the stock is at a positive inflection point
Key Findings Following the 2018 South Dakota v. Wayfair S. Supreme Court decision eliminating the physical presence standard for sales tax nexus, 43 of 45 states with statewide sales taxes have adopted collection and remittance obligations for remote sellers, and 38 have implemented marketplace facilitator regimes. Safe harbors for small sellers help avoid imposing constitutionally
For some savers, the appeal of moving assets to a Roth individual retirement account often stems from the tax-free income it will deliver in their golden years. Yet there are some less obvious reasons for certain retirees or retirement savers to consider doing a so-called Roth conversion. First, though, the basics: Unlike traditional IRAs whose
An electric car charges in front of a house. Getty The recently proposed Growing Renewable Energy and Efficiency Now (GREEN) Act was released as a discussion draft, which means that it’s unlikely to become law in this precise form anytime soon. But it’s novel for a discussion draft proposal in that it’s essentially a menu
From Times Square, New York to Tulare, California, revelers will be ringing in a new year and new decade on Dec. 31. It’s also when investors with capital gains will be rushing to make investments in a qualified opportunity fund (QOF) and get the “full” benefit of the program. As I’ll explain shortly, the program
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Wednesday, June 19, 2019. Andrew Harrer | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Federal Reserve Chairman Jerome Powell said on Wednesday that
Today’s map shows states’ rankings on the property tax component of the 2020 State Business Tax Climate Index. The Index’s property tax component evaluates state and local taxes on real and personal property, net worth, and asset transfers. The property tax component accounts for 16.6 percent of each state’s overall Index score. Property taxes matter to businesses for several