November 22, 2024 H&R Block Share: Tax rules can change each year, making it tough to keep up. So, how do you find out about key new tax laws for 2024? Easy—just turn to H&R Block. The best part is that you don’t have to dig for details. ...
1. The purpose of value-added tax legislation is clear: Article 1 of the new value-added tax law clarifies the purpose of value-added tax legislation, which is a new content compared to the second draft review. 2. Maintain the overall level of current tax burden unchanged: The new value-...
Looking Ahead to 2025 Tax Limits as You Prepare to File Your 2024 Return Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual tax return is due to be filed by April 15 (unl...
remote workers across Canada “could be subject to more or less payroll tax withholdings” in 2024 if they reside in a province that is different than their province of employment. This will impact where an employee files their income taxes, pension and EI. ...
Pay close attention to this one. Here, the regulations have been altered by the Finance Bill of 2024. To clarify, the tax on capital gains is applied to the profit made from the sale of bitcoin at a price higher than its purchase price (congrats, by the way). Not only may sales trig...
Law 5162/2024 introduces significant changes in tax legislation of individuals and legal entities and establishes a revised tax framework for corporate transformations and tax incentives for scientific and technological research.
California has a short-term disability program that pays people who cannot work because of a non-work related illness, injury or pregnancy. The program is funded by a 1.1% tax on wages. In the past, this tax only applied to wages below a certain amount, about $153,000 in 2023...
You can even streamline tax filings and deposits by using payroll services. What was the FLSA 2024 new overtime rule? On April 23, 2024, the DOL announced its new overtime rule, “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer ...
Even more than 2024, 2025 will be the crucial time for tax policy, according to eonomist Kimberly Clausing, who serves as the chair of tax policy and law at the University of California, Los Angeles School of Law. Clausing says she’s not talking about the aftermath of the presidential ...
Introduces updated reassessment rules and a mediation mechanism between taxpayers and the Central Board of Direct Taxes (CBDT). Major changes of the Direct Tax Code 2025 Simplification of residence rule Residential status for taxpayers will now be classified as either residents or non-residents, remov...