The move means businesses with $5 million in sales or less will get up to a year to give the state up to $50,000 in sales taxes they collect from customers. It’s essentially an interest-free loan aimed at keeping small businesses afloat in a state where the governor has ordered everyone to stay home to prevent the spread of a virus that has so far killed 233 people. … [Read more...] about California delays sales tax payments for small businesses
Destination based cash flow tax
Commercial tenants in government buildings can apply for rent relief – a move private landlords are also being encouraged to undertake – and 2020 land tax payments will be deferred for eligible small businesses. … [Read more...] about From $10,000 handouts for businesses to free childcare for all workers: Everything you need to know what about cash you’re entitled to during the coronavirus pandemic
A spokesman said: 'Having saved up enough for their perfect new car, many people forget to factor in the cost of tax and this can unfortunately come back to sting them.' … [Read more...] about SUV drivers face tax hike of up to £1,285 thanks to tough new emissions tests as Government bids to boost slow sales of expensive electric cars
There was good news for parents in the budget – the maximum amount they can save in a junior Isa for their child is increasing from £4,368 to £9,000 a year from 6 April. As with all types of Isa, there is no tax to pay on interest or capital gains on growth. … [Read more...] about April is the start of the tax year. How will the changes affect me?
A spokesperson for Pelosi told The New York Times the proposal would be “tailored to focus on middle-class earners and include limitations on the higher end,” but most people in the middle class don’t pay enough in taxes to qualify for SALT. of those who would receive a tax cut if the SALT cap were eliminated earn at least $100,000, and many earn much more than that. … [Read more...] about Pelosi, Democrats using coronavirus to push for big tax cuts for blue state residents