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Tax Blog

Tips to help your prepare for tax season

Taxpayers will file QBI deduction computation with IRS next year

IRS Tax News - Taxpayers will file QBI deduction computation with IRS next year The IRS posted a draft of a form that affected taxpayers will submit with their 2019 tax returns showing how they computed their qualified business income (QBI) deduction under Sec....

Virginia on the Verge of Approving Its First Local Option Sales Tax

Tax Policy - Virginia on the Verge of Approving Its First Local Option Sales Tax Virginia is on the verge of creating local option sales tax authority for precisely one jurisdiction, and it’s been flying completely under the radar. Halifax County, population...

Ready to go on BEPS 2.0?

Tax Policy - Ready to go on BEPS 2.0? Yesterday, the Organisation for Economic Co-operation and Development (OECD) released a consultation document in connection with its continuing efforts under the Base Erosion and Profit Shifting (BEPS) project Action 1 to...

Capital Allowances in Europe

Tax Policy - Capital Allowances in Europe Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax base and can impact investment decisions—with far-reaching economic...

Bonus depreciation safe-harbor rules for vehicles issued

IRS Tax News - Bonus depreciation safe-harbor rules for vehicles issued The IRS issued a safe-harbor procedure that taxpayers may follow for determining the deduction for depreciating passenger vehicles when they are eligible for 100% bonus depreciation but are...

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