IRS Again Tweaking End-runs of New SALT Rules

Just 2 weeks after it proposed a new rule to block state efforts to circumvent the $10,000 state and local tax deductions limit (SALT), the Internal Revenue Service (IRS) this week clarified that companies that make business-related payments to charities or government entities may at times write off those donations as normal business expenses, just…

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Massachusetts Millionaire Tax Tossed by Court

The Massachusetts Supreme Court has thrown out efforts by progressives to implement an additional 4% surcharge on those who earn in excess of $1 million annually. The Millionaire’s Tax or the “Fair Share Amendment” as it is being called, was drafted as a ballot initiative for the November election and would have earmarked the projected…

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Ballot Initiative Battles

Efforts to implement more progressive policies as relates employment laws issues has shifted over the past several years to the ballot initiative process – and with a fair amount of success unfortunately. That trend appears to be continuing in a couple of recent examples. Recent polls indicate that a ballot initiative in Massachusetts that would…

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Gingrich and Puzder on Tax Reform

DDIFO is pleased to extend an invitation to our subscribers to participate in an exclusive industry-only conference call hosted by former Speaker of the US House Newt Gingrich and former CEO of CKE Restaurants Andy Puzder, next Monday, March 19 beginning at 7:00 PM EST. Speaker Gingrich and Mr. Puzder will spend 30 minutes discussing…

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Only Days Away

The DDIFO Northeast Regional Meeting, with expert presentations on Keeping Your Business Free of Sexual Harassment and Tax Cuts & Jobs Act – Highlights and Planning Opportunities will take place next Tuesday, March 13, 2018 at the Sheraton Needham Hotel. These two most timely and informative presentations will feature experts in their respective areas: Lauren…

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Northeast Regional Member Meeting

For the above reasons, the annual Northeast Regional Meeting will cover the subject of sexual harassment in detail on Tuesday, March 13, 2018 at the Sheraton Needham Hotel in Needham Massachusetts. We have two great presentations planned on a couple of the more timely topics of today: Keeping Your Business Free of Sexual Harassment; and…

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Northeast Regional Member Meeting

The annual Northeast Regional Meeting will be held on Tuesday, March 13, 2018 at the Sheraton Needham Hotel in Needham Massachusetts. You will not want to miss this meeting and the presentations we have scheduled on 2 of the more timely topics of today: Keeping Your Business Free of Sexual Harassment; and the Tax Cuts…

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Massachusetts Court Questions Millionaire Tax

In oral arguments before the state Supreme Court this week, a number of the justices raised some pointed questions about the constitutionality of the ballot proposal. As approved for the 2018 ballot, the Massachusetts “millionaire tax” would add a 4 percent tax on earnings over $1 million and incorporate that ‘surcharge’ into the state constitution.…

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Minimum Wages on Tap Again

Notwithstanding that a number of companies have announced bonus payments and increased minimum wages as a result of the aforementioned Tax Cuts and Jobs Act, there are a host of minimum wage bills being proposed in different and states. First, the Cleveland City Council approved public service contracts with a minimum wage of $15/hour for…

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NY To Change Tax Code Post-Tax Reform Bill

The New York State Department of Taxation and Finance has submitted recommendations to Governor Andrew Cuomo to change the state tax code in order to minimize the impact that the federal Tax Cuts and Jobs Act (TCJA) will have on wealthy New Yorkers. The TCJA caps state and local tax deductions (SALT) at $10,000 per…

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