Major Business Tax Changes for 2016January 21, 2016
A large number of important tax changes go into effect this year for businesses. Many were ushered in by the Protecting Americans from Tax Hikes (PATH) Act of 2015, although legislation enacted earlier in 2015 and in 2014 also contributed a fair share. Still other changes are the result of various administrative pronouncements by IRS. This article reviews the important changes for businesses. The recent legislation responsible for the lion’s share of the changed rules for 2016 consists of:…Read full article in the Accounting Today.
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