taxes

It's officially tax season. And every year, business owners miss out on saving $1,000s on their taxes... simply because they don't know what questions to ask their CPA. Here are 10 MUST-ASK Questions to bring up during your meeting with your CPA this tax season: 1. Is my current business...

Editor's Note: This article has been updated to correct the tax-loss selling deadline for this year, which is Dec. 29, 2023, not Dec. 27 as previously reported by other sources. There are only a few trading days left in 2023 and there's even less time remaining for those who want to take...

The 2023 year continues to see increased use cases and rising interest in artificial intelligence (AI). Among the new use cases for AI could be helping with the annual burden of filing taxes. What Happened: More companies are looking for ways to utilize AI to help with operations. Leading tax...

Adam Nash, co-founder & CEO of Daffy.org will be speaking at the upcoming Benzinga Fintech Deal Day & Awards. Mark Nov. 13 on your calendar for the must-attend gathering in the fintech industry! If you are not the type of person who donates money to charity, then you can skip this...

The 2024 Global Tax Evasion Report released by the EU Tax Observatory recommends a 2% tax on the wealth of the world’s billionaires. This is one of the six recommendations that the agency stated to reconcile globalization with tax justice. Over the last 10 years, governments across the globe...

Most companies are doubling down on their efforts to integrate metaverse into their business models as the world is digitized, but the long-term ramifications of the budding technology are yet to be determined.  "For [tech, media and telecom] companies, this poses the classic investment...

ChatGPT, OpenAI’s popular artificial intelligence (AI) platform, now falls under Chicago’s Personal Property Lease Transaction Tax, which tacks on a 9% tax for users of its premium version as of Oct. 1. Wait, What? Chicago tax law states that charges incurred primarily for the ability...

The Internal Revenue Service (IRS) is girding up for massive furloughs that could hamper important taxpayer services, as the threat of a government shutdown looms large. What Happened: The IRS plans to furlough a sweeping majority of its workforce, around 60,000 employees, if the government shuts...

Former Vice President Mike Pence has voiced strong opposition to the proposed 10% tariff on imported goods by Donald Trump, labeling it as a “middle-class tax increase.” What Happened: CNBC reported that Pence, who is also running for the Republican presidential nomination, released a...

One of the most important results of the potential rescheduling of cannabis to Schedule 3 is eliminating 280e taxes. In previous charts of the week, we have shown that 280e significantly negatively impacts cannabis companies by reducing their internally funded growth and limiting their debt...

Investing in a 401(k) retirement plan is a strategic move that offers numerous benefits, making it one of the most attractive options for securing your financial future. This employer-sponsored retirement account provides a structured and efficient way to save for retirement, and its advantages are...

Maryland's Allure In Maryland, the recreational cannabis market hit the ground running, amassing $87.3 million in July sales. While this marks a significant boost from previous medical sales, it also reflects the broader trend of robust initial sales observed in many newly launched markets....

Italy’s right-wing government made an unprecedented decision by applying a windfall tax charging a 40% withdrawal from banks' profits. The tax, which strategically targets the net interest margin, disrupted the financial landscape Tuesday despite its aim to inject fresh resources into Rome...

Negotiations to raise the U.S. federal debt ceiling met fresh snags after the White House presented congressional Republican leaders with a list of proposals to reduce the deficit by closing tax loopholes on Monday, which were universally rejected by the GOP. President Joe Biden will meet with key...

Sen. Bernie Sanders (I-Vt.) reportedly said the U.S. government should confiscate 100% of any money that Americans make above $999 million. "You may disagree with me but, fine, I think people can make it on $999m. I think that they can survive just fine," Sanders told the host of “...