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Utah Judge Pauses Challenge To Corporate Transparency Act

by usoftax_admin | Dec 20, 2024 | Tax News

A Utah federal judge has stayed a case seeking to block the Corporate Transparency Act to see how the new administration of President-elect Donald Trump handles the law after a kindred case in Texas won a preliminary injunction on it.

Tax Pact Board Approves Oral Hygiene Product Definiton

by usoftax_admin | Dec 20, 2024 | Tax News

The Streamlined Sales Tax Governing Board approved Friday adding a new definition for oral healthcare products to the sales tax compact that it oversees, which will allow its member states to exempt items such as toothpaste and oral irrigators from tax.

Baker McKenzie Names 18 New Partners In North America

by usoftax_admin | Dec 20, 2024 | Tax News

Baker McKenzie announced the promotion of 18 North American-based attorneys to partner, a slight increase from last year but still significantly lower than in previous years.

NJ Atty Says RICO Case Only Alleges He Acted As Lawyer

by usoftax_admin | Dec 20, 2024 | Tax News

New Jersey attorney William Tambussi has slammed the Garden State’s response to his bid to toss charges against him in the state’s sweeping indictment against power broker George E. Norcross III, claiming it does not show how his routine legal work...

IRS Sets 2025 Wage Base For Covered Compensation

by usoftax_admin | Dec 20, 2024 | Tax News

The taxable wage base used to calculate covered compensation for employee retirement plans will be $176,100 for 2025 tax year, the Internal Revenue Service announced in a revenue ruling Friday. 
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