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NY Expands Local Power To Give Storm Damage Tax Breaks

by usoftax_admin | Feb 20, 2025 | Tax News

New York state expanded municipalities’ authority to provide property tax breaks to owners of property damaged by severe storms and other natural disasters by allowing that relief to be granted for small business’ property as part of a bill signed by Gov....

Colo. House Panel OKs Employee Ownership Tax Breaks

by usoftax_admin | Feb 20, 2025 | Tax News

Colorado would offer tax deductions to businesses that convert to being employee-owned under a bill passed by a committee in the state House of Representatives.

Fla. Senate Bill Seeks Study On Eliminating Property Taxes

by usoftax_admin | Feb 20, 2025 | Tax News

A Republican Florida state senator filed legislation that would require a state agency to study the prospects of eliminating property taxes in exchange for levying additional state and local sales taxes.

Bilzin Sumberg Adds Ex-KPMG Tax Pro In Miami

by usoftax_admin | Feb 20, 2025 | Tax News

Miami-based Bilzin Sumberg Baena Price & Axelrod LLP announced Thursday that it has hired an experienced tax attorney who previously worked as a managing director with Big 4 accounting firm KPMG as a partner.

Thousands of workers in IRS small business division to lose jobs

by usoftax_admin | Feb 20, 2025 | Tax News

An email sent to managers on Wednesday said that more than 3,500 probationary workers in the Small Business/Self-Employed division are expected to be notified Thursday that they are no longer employed with the IRS.
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