New York state would end income taxes on wage earners and make up the revenue with an employer payroll tax that's federally deductible as part of a restructuring plan that Governor Andrew Cuomo is recommending to mitigate harmful effects of the new U.S. tax code. The new federal law limits
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Yet those norms — which include earmarks — are what enable the U.S.'s complicated, sometimes balky, constitutional system to function. Bring them back. To contact the senior editor responsible for Bloomberg View's editorials: David Shipley at davidshipley@bloomberg.net . Before it's here, it's on the
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The Internal Revenue Service is warning taxpayers who owe more than $51,000 in tax debts they could have their passport applications or renewals denied unless they pay up. Starting this month, the IRS will start implementing new procedures required under a 2015 law to crack down on individuals
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Bloomberg Tax and Paychex have updated their technology to take into account the sweeping changes in the Tax Cuts and Jobs Act. Bloomberg Tax said last week its Income Tax Planner was fully updated within days of the signing of the new tax law, with the latest changes in the tax rates, standard
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Daniel Raak, a CPA with more than 30 years of accounting experience recently opened a new practice in Spirit Lake. He has worked in both public and corporate accounting and has extensive experience in a variety of industries including non-profits, manufacturing, healthcare, hair salons, auto dealers
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