New inflation estimates from Wolters Kluwer offer first look at impact for taxpayers in 2021

Quick, go-to guidance on latest figures now available. An early glimpse at the income tax picture for 2021, as projected under current tax law, is now available from Wolters Kluwer Tax & Accounting[1]. The new information includes estimated ranges for each 2021 tax bracket as well as projections for a growing number of inflation-sensitive tax figures, such as the standard...

READ MORE New inflation estimates from Wolters Kluwer offer first look at impact for taxpayers in 2021

Tackling the tax gap – National Audit Office (NAO) Press release

Today the National Audit Office (NAO) reports that HM Revenue & Customs’ (HMRC’s) work to improve taxpayers’ compliance with the tax system has achieved high rates of return. HMRC estimates the tax gap – the difference between the amount of tax the government is owed and the amount HMRC collects – has reduced from its recent peak level of 7.2%...

READ MORE Tackling the tax gap – National Audit Office (NAO) Press release

Where to get an estimate on your tax return

GlobeNewswire Nicox: Half-year liquidity contract statement with Kepler Cheuvreux[1] Press Release Nicox: Half-year liquidity contract statement with Kepler Cheuvreux   January 11, 2021 – release at 7:30 am CET Sophia Antipolis, France                                                                     Under the liquidity contract entered into between Nicox SA (Euronext Paris: FR0013018124, COX), an international ophthalmology company, and Kepler Cheuvreux, the following resources appeared on the liquidity...

READ MORE Where to get an estimate on your tax return

IRS Issues Press Release Regarding Tax Credit and Related Issues On Families First Coronavirus Response Act

The joint press release on March 20, 2020 from the IRS and the DOL[1] foreshadows several important pieces of guidance that the agencies intend to release this week. The following summarizes what the agencies intend to include in their guidance. Key points Tax credits are available for sick and child-care qualifying leave payments. Eligible employer tax credits will fully reimburse...

READ MORE IRS Issues Press Release Regarding Tax Credit and Related Issues On Families First Coronavirus Response Act