Bloomberg Tax

Employer Pay Data Collection Emerges in Biden Rules Plan

The US Equal Employment Opportunity Commission plans to issue a proposed rule next year on collecting compensation data from employers, according to the Biden administration’s newly released regulatory agenda.

IRS Rulemaking Authority on Shaky Ground With Chevron Overturned

The IRS’s most controversial regulations are more vulnerable to litigation after the US Supreme Court overturned a legal doctrine empowering federal regulators, as companies and individuals seek a fair shake from the agency.

South Carolina Governor Signs Law Updating Income Tax Withholding Rate

The South Carolina Governor July 3 signed a law. The law includes amending various income tax withholding sections to update the withholding amount to the top individual income tax marginal ...

Arkansas Updates Withholding Methods Following Tax Cut

Arkansas’ withholding methods were updated July 9 by the state Department of Finance and Administration following the passage of an income tax cut retroactive to Jan. 1, 2024.

Webinar: 2024 Payroll Midyear Update

Payroll professionals need to ensure compliance with several new federal, state, and local requirements for 2024 while considering possible legal and regulatory updates that might occur in the aftermath of the 2024 election cycle.

PRACTITIONER INSIGHTS

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Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services
Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services

Latest Stories

Webinar: 2024 Payroll Midyear Update

Payroll professionals need to ensure compliance with several new federal, state, and local requirements for 2024 while considering possible legal and regulatory updates that might occur in the aftermath of the 2024 election cycle.

Labour’s Minimum Wage Plan Becomes Concern for BOE and Business

Britain’s minimum wage increases are threatening to feed through to inflation and unintended consequences for employee benefits, putting <-bsp-person state="{"_id":"00000190-979e-d0b4-afdb-d7ff01a90000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Keir Starmer’s ambition to boost wages on a collision course with business groups and the <-bsp-bb-link state="{"bbHref":"bbg://securities/3710Z%20LN%20Equity","_id":"00000190-979e-d0b4-afdb-d7ff01aa0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Bank of England.

Tax Developments

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South Africa Tax Agency Seeks Comments on Draft Guide for Income Tax Benefits in SEZs

The South African Revenue Service July 5 opened a consultation on a draft guide to explain income tax benefits in special economic zones (SEZs) for qualifying companies, under Sections 12R ...

IRS News Release: Tax Professionals Warned Against Identity Theft, Scams

As part of an annual education effort, the IRS and the Security Summit renewed a warning today to tax professionals to be on the lookout for a variety of new ...

Rhode Island Exempts Out-of-State Businesses, Employees Performing Disaster Relief Services from Taxes, Business Requirements

The Rhode Island Governor signed the Facilitating Business Rapid Response to State Declared Disaster Act of 2024. The law exempts out-of-state businesses, and their employees, performing services during declared state ...

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