14 updates tagged taxes.
Ontario's 2026 budget lowers the small-business corporate income tax rate for Canadian-controlled private corporations (CCPCs) from 3.2% to 2.2%, effective July 1, 2026, prorated f…
The IRS underpayment and overpayment interest rate rose to 7% for the quarter beginning July 1, 2026, up from 6% in Q2 2026, and applies to both individuals and corporations. The r…
In the 2026-27 Budget (announced 12 May 2026) the Australian Government said it will permanently set the small business instant asset write-off at $20,000 from 1 July 2026. Small b…
Original Budget 2026 = 40% rebate, S$1,500 cash grant, S$30,000 cap (YA2026). Enhanced (announced 7 Apr 2026) = 50% rebate, S$2,000 cash grant, S$40,000 cap. Use the current enhanc…
For the 2026/27 tax year (from 6 April 2026), employer Class 1 National Insurance remains at 15% and the secondary threshold at which it becomes payable stays at £5,000 per year, c…
The taxpayer's paying (underpayment) UOMI rate is 8.97% p.a. effective 16 January 2026 (down from 9.89%), not 10.96%. Best phrased as 'currently 8.97%, set by Order in Council and…
For 2026, the Section 179 expensing limit is $2,560,000, with the phase-out beginning at $4,090,000 of qualifying property placed in service. Separately, the One Big Beautiful Bill…
Under the One Big Beautiful Bill Act, beginning with tax year 2026 employers must separately report qualified tips and qualified overtime on Form W-2 so employees can claim the new…
The Texas Comptroller set the 2026 franchise-tax no-tax-due threshold at $2,650,000 in annualized total revenue, up from $2,470,000 for 2024-2025. Entities at or below the threshol…
For 2026 California's State Disability Insurance (SDI) employee withholding rate increases to 1.3%, up from 1.2% in 2025, per the EDD (form DE 3395). Since January 1, 2024 there is…
Canada's Budget 2025 raised the expenditure limit for the enhanced 35% refundable SR&ED tax credit from $3 million to $6 million of qualifying R&D spending per year (a two-step inc…
Under OBBBA the Form 1099-K reporting threshold for third-party payment platforms (Stripe, PayPal, Square, marketplaces) reverts to more than $20,000 in gross payments AND more tha…
Under the One Big Beautiful Bill, for tax year 2026 the IRS increased the maximum employer-provided childcare tax credit (Section 45F) from $150,000 to $500,000 — and to $600,000 i…
The One Big Beautiful Bill Act (signed July 4, 2025) added IRC Section 174A, permanently restoring immediate expensing of domestic research and experimental costs for tax years beg…