Most small businesses are set up to "pass through" income. If you're a sole proprietor or run an S corporation, your business doesn't pay taxes. Instead, the money passes through to you, and you ...

When filing taxes, whether as a business owner or as an employee, you may come across the term "gross tax." The amount of gross tax you pay is typically calculated based on the total amount of money ...

The Tax Court on Monday clarified that nonsales income is included in gross receipts for purposes of the Sec. 41 research credit (Hewlett-Packard Co., 139 T.C. No. 8 (2012)). The Tax Court granted ...

The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which generally took effect in 2018, provides welcome simplifications for small business taxpayers. This article highlights some of ...

Anti-tax groups mounted a pre-emptive strike Tuesday on any solution to the state’s $1.6 billion budget shortfall that includes a new gross receipts tax on Oregon businesses. The group is acting ahead ...

BRADENTON, Fla. – In the hunt for new revenue, two Southeast governors made proposals that could signal the revival of a taxing mechanism that was widespread in the pre-World War II era. The governors ...

The Burlington, Vermont, City Council approved a change to the city’s gross receipts tax, which some councilors called a regressive move. The council’s Ordinance Committee proposed a temporary ...