The tax credit, called the Employee Retention Credit, was designed help small businesses keep paying their employees during the height of the pandemic.
tax
Posted inBusiness, Maine, News
Tax season thrown into chaos as IRS weighs taxing Maine relief checks
Even though some taxpayers already have filed, the state is one of nearly two dozen where federal officials have yet to determine whether the payments are taxable.
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Posted inBusiness, Nation & World, News
IRS mistakenly published some taxpayers’ confidential data
The IRS accidentally posted data from a tax form used by both individuals and tax-exempt organizations.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Why not a sales-tax holiday for Maine?
The projected $800 million budget surplus has positioned Maine well to provide some relief to our more cash-strapped friends and neighbors.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Maine’s Historic Rehabilitation Tax Credit exceeds expectations
Judged efficient and effective in a state report, the program promotes growth that builds on our heritage while enhancing our future.
Posted inBusiness, Nation & World
Some billionaires vent over Biden plan imposing income tax on richest
ProPublica reported in June that some of the richest Americans have paid no income tax, or nearly none, in some years — including Elon Musk, who paid zero income taxes in 2018.
Posted inNation & World, News, Politics
Billionaire tax takes shape, faces critics, as Biden pushes for budget deal
Resolving the revenue side is key as the Democrats scale back what had been a $3.5 trillion plan, insisting all the new spending will be fully funded.
Posted inOp-eds, Opinion
Commentary: Don’t increase the federal gas tax, replace it
The U.S. needs a vehicle-miles-traveled tax – and the technological infrastructure it requires.
Posted inBusiness, Nation & World
Rift between Republicans, corporate America creates opening for Biden’s tax plan
White House officials have argued to corporate executives that the tax hikes are necessary to fund large investments in public infrastructure that the business sector has long sought.
Posted inOp-eds, Opinion
Jim Fossel: Stimulus checks show how small government could work
Rather than complicated programs that require layers of administration, direct payments ensure that help gets where it’s needed.