At $3,000 and never adjusted for inflation during nearly a century, the Sec. 861(a)(3) de minimis exception seldom applies.

Small businesses that are sole proprietorships, partnerships or limited liability corporations are allowed to deduct costs for workers' compensation insurance from their federal and state taxes.

U of A employees are encouraged to review their federal income tax withholding to help avoid unexpected tax bills or smaller refunds next spring.

Employers will need to submit a P11D form if their employees are receiving benefits of any type on top of their salary. Here’s everything you need to know. We’re well into a new tax year, but that ...

Tax breaks on overtime pay and tipped earnings passed the House on May 22, 2025, as part of the “One Big Beautiful Bill Act” (H.R. 1). The ...

has called on establishments subject to withholding tax in the Kingdom to submit withholding tax forms for April; the deadline is May 11. Withholding tax is imposed on all payments made from a source ...

In the recent United States Tax Court case O’Connor v. Commissioner of Internal Revenue, Judge Arbeit sanctioned the petitioner for ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately rank ...

ROUND ROCK, Texas — A Central Texas food vendor is facing a lawsuit for allegedly keeping a portion of its employee's tips. Ryan Sanders Sports Services (RS3) is being sued by a worker who ...

The Central Board of Direct Taxes has released the updated ITR-2 form. It is for the assessment year 2025-26. The form includes separate reporting for capital gains. This is before and after July ...

OASDI taxes, also known as the FICA payroll tax, fund the program from workers' wages and employer contributions. Individuals and employers split the Social Security taxes, while self-employed ...

The Income Tax Department has now notified ITR (income tax return) forms 1, 2, 3, 4 and 5. On April 29, the department notified ITR-1 (sahaj) and ITR-4 (sugam). This ...