Fort Washington Investment Advisors, Inc.’s Post

Capital Group is keeping an eye on post-election tax and fiscal policy, writing that “major tax cuts enacted under the Trump administration will be up for renewal in 2025,” putting a focus on “who controls the White House and Congress after the 2024 election.” The Tax Cuts and Jobs Act of 2017 added about $1.7 billion to U.S. government debt while the question of whether it led to higher jobs and growth is under debate. A second Trump administration would likely extend “major provisions of the act,” Capital Group wrote, while a Biden administration would “probably look for alternatives.” https://lnkd.in/d9mUPcuq

As the UK tax landscape evolves post-elections, businesses must be prepared for potential changes in compliance requirements. From income tax adjustments to shifts in trade agreements and investment strategies, it's crucial to stay informed and adapt accordingly. Stay ahead of the game with the latest insights on navigating these changes effectively: https://bit.ly/45oFKP6 #GeneralElection #UKTaxLandscape

The bipartisan tax deal announced today includes the restoration of the ability to expense 100% of R&D. Section 174 of the Internal Revenue Code enabled companies to deduct 100 percent of their R&D expenditures in the year they were incurred. However,the 2017 Tax Cuts and Jobs Act phased out this deduction, requiring businesses to amortize these investments over the course of five years, resulting in significant financial impact. If approved, this agreement will restore the long-term R&D investment incentive by allowing companies to fully deduct R&D expenses each year, ending the changes created in 2017.

The corporate tax rate has emerged as a significant issue in the upcoming election. The article discusses the political debate surrounding the corporate tax rate in the United States, which has become a key issue in the 2024 presidential election. President Biden wants to raise the current 21% corporate tax rate to 28%, while Republicans are considering further cuts from the current rate.The corporate tax rate has significant implications for businesses, with over $1 trillion at stake depending on the outcome. Lower rates are argued to boost investment and competitiveness, while higher rates aim to fund social programs and reduce deficits. "How do you think the corporate tax rate will influence the outcome of the upcoming election, and what potential implications might it have for businesses and the economy as a whole?"

In his Budget speech, the Chancellor kicked off the Government’s #PlanForGrowth with changes to business tax legislation, a key policy being ‘full expensing’ - but what does this mean and how does the policy work? Read our guide >> https://bit.ly/42k7Rwh #FullExpensing #CorporationTax #Accountant

Ever wondered how companies contribute to public funds? Enter the world of Corporate Tax, where businesses are taxed on their profits to support essential government services. But does this promote fairness or hinder economic growth? Corporate Tax is a levy placed on the profits of corporations, encompassing income from business operations, investments, and other activities. This tax is crucial for generating government revenue, funding public services, and infrastructure. Corporate taxes can vary widely between countries and industries, influencing business decisions on investment, expansion, and location. Proponents argue that corporate taxes ensure businesses contribute their fair share to society, while critics claim high corporate tax rates can stifle economic growth, discourage investment, and lead to tax avoidance strategies. Balancing competitive tax rates with adequate public funding remains a significant challenge in shaping corporate tax policy. Let us know your thoughts on Corporate Tax by scheduling your free 20-minute tax consultation today - https://shorturl.at/8bCoV. We’d love to hear from you! #CorporateTax #BusinessTax #TaxPolicy #CorporateProfits #TaxReform #FiscalPolicy #TaxRates #EconomicGrowth #TaxStrategy #PublicRevenue #TaxCompliance #CorporateFinance #BusinessFinance #TaxIncentives #Taxation #TaxFairness #EconomicImpact #TaxAvoidance #GlobalTax #TaxLaw

Ever wondered how companies contribute to public funds? Enter the world of Corporate Tax, where businesses are taxed on their profits to support essential government services. But does this promote fairness or hinder economic growth? Corporate Tax is a levy placed on the profits of corporations, encompassing income from business operations, investments, and other activities. This tax is crucial for generating government revenue, funding public services, and infrastructure. Corporate taxes can vary widely between countries and industries, influencing business decisions on investment, expansion, and location. Proponents argue that corporate taxes ensure businesses contribute their fair share to society, while critics claim high corporate tax rates can stifle economic growth, discourage investment, and lead to tax avoidance strategies. Balancing competitive tax rates with adequate public funding remains a significant challenge in shaping corporate tax policy. Let us know your thoughts on Corporate Tax by scheduling your free 20-minute tax consultation today - https://shorturl.at/8bCoV. We’d love to hear from you! #CorporateTax #BusinessTax #TaxPolicy #CorporateProfits #TaxReform #FiscalPolicy #TaxRates #EconomicGrowth #TaxStrategy #PublicRevenue #TaxCompliance #CorporateFinance #BusinessFinance #TaxIncentives #Taxation #TaxFairness #EconomicImpact #TaxAvoidance #GlobalTax #TaxLaw

Explore RSM's tax insights on what the new government means for you as a business, employer or individual.

Last night’s Federal Budget really a-peeled to me, given the proposed cut to the agricultural levy and charge on sweet potatoes. 🍠 All jokes (and impending roasts…) aside, the K&L Gates Tax team highlights the key tax-related changes and offers insights into what they mean in practice for our clients. See our summary document linked below, and please reach out to a member of our team to discuss any of the upcoming changes! #Budget #Tax