We previously began looking at the Treasury Departments recently announced rules aimed at ending the tax inversion practice of earnings stripping. By and large, corporations have not welcomed the new rules, for obvious reasons, though many tax experts are hopeful that...
Corporate & Business Tax
New tax rules aim to end corporate practice of “earnings stripping,” P.1
Back in October, the U.S. Treasury Department announced new regulations aimed at addressing corporate tax avoidance, particularly through the use of tax inversion. The term refers to common corporate practice of acquiring small foreign competitor companies in nations...
Why worker classification decisions are important
Many key decisions come up for a business as it is bringing a new worker on. One is whether to classify the worker as an employee or an independent contractor. What classification a worker is given can have many implications for a company, including tax implications....
There is more to complying with tax laws than withholding wages
If you are an employer, you have an obligation to withhold certain taxes from the wages of your employees. Though there are exceptions, failure to do so could lead to audits and penalties from the IRS.However, withholding taxes is only one part of meeting your...
What you should know if your job is part of the ‘shared economy’
When people think about employment and paying taxes, they often think payroll taxes and other types of taxes deducted from a worker's salary by an employer. This would certainly be a pretty good representation for people who work a regular job for a traditional...
IRS doesn’t like Facebook’s valuation of assets transferred
Tax strategies among huge corporations are incredibly complicated. Not only do they need to be concerned about employment taxes for hundreds and thousands of employees, but they also focus on minimizing their own tax obligations in transactions like sales, purchases...
What to know before hiring your child this summer
Now that school is out and kids have so much more free time, many Atlanta parents may be hoping or expecting their kids will get a summer job. Not only can working keep a teen or young adult busy and out of trouble, it can also teach them responsibility and the...
Old tax problems for people working in new industries
Workplaces across Georgia can look very different today than they did a decade ago. These days, many people are working from home, starting their own businesses and branching out into new career fields thanks to an improved economy and quickly advancing technologies....
Is leaving the country a solution to tax problems?
No one enjoys paying taxes. In fact, it can be upsetting and frustrating to see so much of your money taken away and given to the U.S. government. But does it make you mad enough to want to leave the country?An increasing amount of people are reportedly saying yes to...
Are there tax benefits to taking a pay cut?
For better or worse, money is at the center of many employment decisions. Overall, the message many people get when it comes to compensation for work is the more, the better.However, we also know there is such a thing as too much money. In recent years, executives,...
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