Since federal tax reform was enacted five years ago, companies in the metals sector and broader manufacturing industry have been able to utilize 100 percent accelerated depreciation, or “full expensing,” to immediately deduct the cost […] Read More
Since federal tax reform was enacted five years ago, companies in the metals sector and broader manufacturing industry have been able to utilize 100 percent accelerated depreciation, or “full expensing,” to immediately deduct the cost […] Read More
President Joe Biden and Speaker of the U.S. House of Representatives Kevin McCarthy (R-Calif.) announced on Saturday evening that Democrat and Republican leaders had reached a deal to raise the federal debt ceiling, or borrowing […] Read More
U.S. Sen. Steve Daines (R-Mont.) has introduced his Main Street Tax Certainty Act, which would prevent tax rate hikes on U.S. individually and family-owned businesses. The bill would do so by making permanent the Section […] Read More
According to independent analysts and the U.S. Department of the Treasury, the U.S. federal government will reach its statutory debt limit, which is the cap on its borrowing authority, in early June. If Congress does […] Read More
The state of Iowa has enacted a tax provision for pass-through entities that will allow a partner or shareholder to claim a credit against the individual income and franchise taxes paid. As Reuters explained, the […] Read More