IN THE HOUSE OF REPRESENTATIVES September 8, 2017 Mr. Chabot (for himself and Ms. Velázquez) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to simplify income tax compliance for small businesses,
Read more →The momentum on Capitol Hill for comprehensive tax reform remains strong as House and Senate lawmakers continue to put forth and debate reform ideas. The House Small Business Committee held an October 4 hearing examining, in particular, tax reform for small businesses. During the hearing, lawmakers and
Read more →Businesses not required to report their sales and use taxes electronically (less than $50,000 paid in preceding state fiscal year) are granted an automatic 30-day extension to file the August monthly report, normally due September 20, and the third quarter report, normally due October 20, provided they
Read more →When Entrepreneurs finally decide to live their dream and start their own business, it is understandable their financial goals are at the top of the list. Two of the top five reasons small businesses fail include poor accounting and cash flow management. However, according to the New
Read more →In October, the Internal Revenue Service announced that U.S. taxpayers with maquiladora operations in Mexico will not be exposed to double taxation if they enter into a unilateral advance pricing agreement (APA) with Mexico’s national tax authority, the Large Taxpayer Division of Mexico’s Servicio de Administración Tributaria
Read more →As international compliance efforts pass several new milestones, the Internal Revenue Service reminds U.S. taxpayers with undisclosed offshore accounts that they should use existing paths to come into full compliance with their federal tax obligations. Updated data shows 55,800 taxpayers have come into the Offshore Voluntary Disclosure
Read more →Protecting Americans from Tax Hikes (PATH) Act. Enacted last December, the new law means employers need to file their copies of Forms W-2 by Jan. 31. These forms also go to the Social Security Administration. The new deadline also applies to certain Forms 1099. Those reporting
Read more →The Rascon CPA Firm – Swag Bag Sponsor of the Couture for the Cause Gala On May 7th The American Cancer Society’s Couture for the Cause of Montgomery County had a fundraising Gala with an outstanding fashion show, signature cocktails, champagne, and delicious Italian fare. With the
Read more →Forecasting is essential for your business and should not only be used to get you through the tough times. It is part of your business lifestyle. Therefore, you should always be forecasting – thinking about what will happen, assessing the likelihood of it happening, and what actually
Read more →The American Cancer Society kick off party at Mercedes-Benz of The Woodlands was a smashing success. Many people in the community were in attendance and the committee organizers for this event knew how to get the fundraising for this great cause off with a bang! There was
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