Taxes

Critics contend Gov. Deval Patrick's call to raise the income tax will kill jobs and make the state less competitive, but supporters say it will pay for itself and spur growth.

A Social Security tax break that was extended to Americans is officially over. The two percent tax break expired in January at the wishes of the US Congress.

The state's largest business lobbying group jumped on the tax relief bandwagon Wednesday, calling for cutting the franchise tax rate as well as extending the $1 million small-business tax exemption to all Texas businesses.

With W-2 and 1099 reporting season in full swing, Greatland Corporation has released its annual selection of some of the year's most news-making events, as they pertain to the company's favorite government forms: 1099 and W-2.

Medical Marijuana Inc., an OTC publicly-traded business (MJNA), announced on Wednesday that it has signed a letter of engagement with the San Diego based accounting firm of Anthony W. Imbimbo & Associates to perform an audit of its financial records.

The IRS has announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.

A former cafeteria manager at an Oklahoma elementary school is accused of stealing more than $8,000 in lunch money during the last school year.

The state's inheritance tax can leave heirs scrambling to cover a tax bill. And many end up selling the business or taking out costly loans.