During the next few weeks we’ll be hearing from some of the world’s largest companies about big, one-time write-downs against their financial results. Many are expected to warn that their profits will be hurt by the huge bills they have to pay to the IRS. It’s part of the new tax law. But those write-downs […]
It’s the highest first-of-the-year price for oil since 2014. But the companies producing crude are taking a more cautious view of things than the investors and lenders who back their efforts. From unrest in Iran to uncertainty about the new tax code, oil could face a profitable but turbulent year. Click the audio player above […]
Now that the $1.5 trillion tax overhaul has been signed into law, the real fun begins for accountants. They’re scrambling to understand the legislation, which runs more than 1,000 pages and includes fundamental changes to the corporate tax rate, the standard deduction and tax brackets for individual filers. CPAs and tax lawyers around the nation […]
The new U.S. tax law will put an end to Puerto Rico’s longtime status as a tax shelter for U.S. multinational companies. Companies will now have to pay 12.5 percent on what they make on the island. One-third of Puerto Rico’s tax base now comes from medical manufacturers. If they flee, it would mean more […]
The tax bill is passed; it just needs to be signed by the president. However, the ads, public relations stunts and campaigns in support of and against the tax bill are not over. Not even remotely. Expect to hear a lot more about taxes in the next year. Click the audio player above to hear […]
