Doeren Mayhew’s state and local tax (SALT) advisors share the top SALT news across the country to keep your business in the know. Here are some of the most important updates from the past month: Various State Individual Income Tax Changes Colorado ...

Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs? Under current tax law, these expenses aren’t deductible through 2025 if they’re considered in...

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of the rules. Background Back in March of 2020, Congress originally e...

In April, President Joe Biden unveiled his proposed Made in America Tax Plan. One of the areas of the plan increases taxes on offshore earnings to bankroll U.S. infrastructure spending, resulting in automatic tax increases that have the potential to ...

Non-resident businesses and digital platform operators (i.e., online marketplaces) selling goods and services online in Canada will need to comply with the new GST/HST rules for e-commerce activity, beginning July 1, 2021. These new rules generally a...

President Biden recently released his fiscal year (FY) 2022 budget, proposing significant changes to the current U.S. tax code with a goal of modernizing the nation’s tax system. The Treasury Department also issued its “Green Book” to provide a...

Doeren Mayhew’s state and local tax (SALT) advisors highlight the top SALT news across the country to keep your business up-to-date. Here are some of the most popular legislation updates from the past month: Sales Tax Sourcing Rules Texas On Jan. 2...

If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, spend time with you, save for college and learn how to manage money. And you may be abl...