Two members of Congress teamed up Friday to introduce a bipartisan bill that would offer tax credits for income from tips to beauty salon owners and workers.
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Feed SubscriptionDemocrats’ go-it-alone stimulus plan faces night of GOP sniping
Democrats’ go-it-alone stimulus plan faces night of GOP sniping
Read More »House approves restrictions on Chinese companies listing in U.S.
The legislation is in reaction to U.S. regulators being unable to review the companies’ financial audits.
Read More »As stimulus debate rages, senators agree on tax cuts for beer
An excise tax cut for brewers, wine makers and distillers has bipartisan support.
Read More »Election outcome narrows opportunities for tax changes
Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.
Read More »Democrat bill would make payroll tax deferral optional for federal workers, military
Sen. Chris Van Hollen, D-Maryland, and 16 other Senate Democrats introduced legislation Friday to make President Trump’s payroll tax deferral optional for federal employees and military service members.
Read More »Democrats introduce wildfire disaster tax relief bill
A group of Senate Democrats introduced legislation to offer tax relief to individuals, businesses and states affected by catastrophic wildfires and other presidentially declared disasters.
Read More »6 ways opportunity zone expansion can aid COVID-19 recovery
Opportunity zones may just be the perfect vehicle to deliver economic relief to the areas hardest hit by the coronavirus pandemic — both short term and long term.
Read More »State CPA society CEOs call for federal relief for state and local governments amid coronavirus
Massachusetts Society of CPAs president and CEO Amy Pitter is spearheading a group of 28 state society heads who have sent a letter to congressional leaders.
Read More »GOP bill would provide tax credits for businesses reopening amid coronavirus
Senate and House Republicans introduced legislation that would give businesses refundable tax credits against payroll taxes to meet some of the expenses associated with reopening during the novel coronavirus pandemic.
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