Menu

Net Operating Loss (NOL) Policies in the OECD

[ad_1] Key Findings Net operating loss (NOL) deductions (carryforwards and carrybacks) help ensure that businesses are taxed on their average profitability, which makes the tax code more neutral across businesses and over time. Ideally, countries should allow their businesses to carry their losses forward

A Move To Limit The Salt Cap

[ad_1] Sanders would partially repeal the SALT cap. Senate Budget Committee chair Bernie Sanders will include a partial repeal of the Tax Cut and Jobs Act’s $10,000 cap on the state and local tax (SALT) deduction in his proposed budget resolution. He has not

The Evolving Role of Accountants

The Evolving Role of Accountants With products like Turbo Tax improving, many wonder where this leaves accountants. Ironically, the evolving role of accountants is helping people save on their taxes. The Evolving Role of Accountants Given the fact that paying taxes isn’t the most