The top 20+ 2020 business tax changes

Table of Contents

1 Small Business Taxes: What to Expect in 2022 – Business News Daily

  • Author: businessnewsdaily.com
  • Published: 03/03/2022
  • Review: 4.92 (787 vote)
  • Summary: Through a temporary suspension of Tax Cuts and Jobs Act rules, in 2019 and 2020, businesses could carry net operating losses back 

2 Income Tax Federal Tax Changes | Georgia Department of Revenue

3 2021 Business Tax Planning Involves Few New Provisions

  • Author: kaufmanrossin.com
  • Published: 01/29/2022
  • Review: 4.58 (219 vote)
  • Summary: The employee retention credit (ERC) was expanded in December 2020 with passage of the Taxpayer Certainty and Disaster Tax Relief Act. Some of the act’s 

4 Tax Reform for Small Businesses – NFIB

  • Author: nfib.com
  • Published: 09/03/2021
  • Review: 4.36 (399 vote)
  • Summary: Get the latest tax reform news for small businesses including updates on tax changes in Section 199A, the Small Business Deduction, a tax relief bill that 

5 Seven Federal Tax Areas Businesses Should Be Focusing … – Forbes

6 Small Business Tax Implications of Coronavirus Legislation

  • Author: uschamber.com
  • Published: 07/08/2022
  • Review: 3.85 (474 vote)
  • Summary: · Businesses are able to increase their business interest expense deductions on their tax returns. For 2019 and 2020, the amount of interest 

7 New Jersey enacts, on July 1, sweeping corporate business tax

  • Author: www2.deloitte.com
  • Published: 01/24/2022
  • Review: 3.65 (529 vote)
  • Summary: Effective January 1, 2018, adds a 2.5 percent surtax (increasing tax rate from 9 percent to 11.5 percent) on entire net income in excess of $1 million for 

8 Sales/Use Tax – Missouri Department of Revenue – Mo.gov

  • Author: dor.mo.gov
  • Published: 11/23/2021
  • Review: 3.46 (292 vote)
  • Summary: The Missouri Department of Revenue administers Missouri’s business tax laws, and collects sales and use tax … November 2020 Sales and Use Tax Rate Changes

9 Tax Announcements – Department of Taxation – Hawaii.gov

  • Author: tax.hawaii.gov
  • Published: 05/05/2022
  • Review: 3.3 (468 vote)
  • Summary: 2020-04, September 18, 2020, Tax Law Changes from the 2020 Regular Legislative … in Business in the State for Purposes of Hawaii’s General Excise Tax

10 Summary of Federal Income Tax Changes | FTB.ca.gov

  • Author: ftb.ca.gov
  • Published: 07/11/2022
  • Review: 3.09 (498 vote)
  • Summary: Section 2304 of the CARES Act temporarily suspended this loss limitation, allowing taxpayers to deduct excess business losses arising in taxable years 2018 

11 Modified Business Tax Forms

  • Author: tax.nv.gov
  • Published: 03/09/2022
  • Review: 2.86 (143 vote)
  • Summary: This is the standard quarterly return for reporting the Modified Business Tax for General Businesses. Effective July 1, 2019 the tax rate changes to 1.378% 

12 2021 Tax Changes For Businesses: The Not So Good, The Bad And

  • Author: jdsupra.com
  • Published: 06/17/2022
  • Review: 2.88 (76 vote)
  • Summary: · 31, 2020. The act provided only a deferral, not a waiver, and required payment of one half these taxes by Dec. 31, 2021 and the other half by 

13 Explaining the Trump Tax Reform Plan – Investopedia

  • Author: investopedia.com
  • Published: 11/18/2021
  • Review: 2.79 (121 vote)
  • Summary: 13 These changes expire after 2025. The additional standard deduction, which the House bill would have repealed, has not been affected. In 

14 How did the Tax Cuts and Jobs Act change business taxes?

  • Author: taxpolicycenter.org
  • Published: 01/14/2022
  • Review: 2.68 (153 vote)
  • Summary: The Tax Cut and Jobs Act (TCJA) reduced the top corporate income tax rate from 35 percent to 21 percent, bringing the US rate below the average for most other 

15 DOR: Corporate Tax and Sales Tax History – IN.gov

  • Author: in.gov
  • Published: 10/14/2021
  • Review: 2.43 (77 vote)
  • Summary: Adjusted Gross Income Tax (general corporations, non–financial Institutions) ; July 1, 2018 – June 30, 2019, 5.75% ; July 1, 2019 – June 30, 2020, 5.5% ; July 1, 

16 What to know about filing a 2021 tax return if you own a business

  • Author: cnbc.com
  • Published: 04/15/2022
  • Review: 2.49 (129 vote)
  • Summary: · Moreover, the cap for business interest expenses was raised to 50% of business income, up from 30%. Net operating losses were prominent in 2020 

17 Small Business Tax Credit Programs | U.S. Department of the Treasury

  • Author: home.treasury.gov
  • Published: 07/02/2022
  • Review: 2.2 (192 vote)
  • Summary: For 2020, the ERC is a tax credit against certain payroll taxes, including an employer’s share of social security taxes for wages paid between March 12, 

18 The 20% Pass-Through Tax Deduction for Business Owners – Nolo

  • Author: nolo.com
  • Published: 11/23/2021
  • Review: 2.18 (138 vote)
  • Summary: Pass-through owners who qualify can deduct up to 20% of their net business income from their income taxes, reducing their effective income tax rate by 20%. This 

19 Tax Reform Small Business Initiative | Internal Revenue Service

  • Author: irs.gov
  • Published: 08/11/2021
  • Review: 2.19 (110 vote)
  • Summary: The new law increased the maximum deduction from $500,000 to $1 million. It also increased the phase-out threshold from $2 million to $2.5 million. Resources:

20 Tax Guidance | Iowa Department Of Revenue

  • Author: tax.iowa.gov
  • Published: 01/20/2022
  • Review: 1.97 (123 vote)
  • Summary: We make every attempt to keep guidance current, however, changes in law or … in a small business or farming business in Iowa after January 20, 2020 to be 

21 Small business tax changes for 2022: What to expect – Block Advisors

  • Author: web.blockadvisors.com
  • Published: 12/28/2021
  • Review: 1.9 (127 vote)
  • Summary: · 9 Must-know tax law changes for 2021 returns as a small business owner · As part of previous pandemic relief tax law changes for businesses, the 

22 Major corporate tax changes for 2020 – Axelia Partners

  • Author: axeliapartners.com
  • Published: 04/28/2022
  • Review: 1.72 (168 vote)
  • Summary: Increases to the charitable contribution deduction limitations for the 2020 and 2021 tax years. Corporations can now deduct qualified cash charitable 

23 2020 Tax Law Change Book Published | NCDOR

  • Author: ncdor.gov
  • Published: 10/13/2021
  • Review: 1.61 (140 vote)
  • Summary: · The N.C. Department of Revenue has published the 2020 Tax Law Change Book, which summarizes the recent legislative changes to the state’s 

24 Tax Changes and Key Amounts for the 2022 Tax Year – Kiplinger

  • Author: kiplinger.com
  • Published: 07/07/2022
  • Review: 1.65 (87 vote)
  • Summary: The 2020 and 2021 suspension of the 60%-of-AGI limit on deductions for cash donations by people who itemize also expired, so the limit is back in place starting 

25 What’s New for the 2022 Tax Filing Season (2021 Tax Year)

  • Author: marylandtaxes.gov
  • Published: 12/07/2021
  • Review: 1.59 (153 vote)
  • Summary: Business Taxpayer Changes … Single Sales Factor Apportionment: For apportioning income to the state for corporate income tax purposes, a single sales factor 

26 State Tax Changes as of January 1, 2020 – Tax Foundation

  • Author: taxfoundation.org
  • Published: 11/16/2021
  • Review: 1.45 (200 vote)
  • Summary: · As a result, in September, the Department of Revenue announced that the corporate income and franchise tax rates would indeed be reduced, from 

27 Tax Law Changes | Minnesota Department of Revenue

  • Author: revenue.state.mn.us
  • Published: 03/20/2022
  • Review: 1.39 (79 vote)
  • Summary: · For the latest information: Subscribe to our Tax Law Changes email updates. … Unemployment taxes for businesses (go to the Unemployment 

28 Taxes 2021: 7 Upcoming Tax Law Changes – TurboTax – Intuit

  • Author: turbotax.intuit.com
  • Published: 04/19/2022
  • Review: 1.16 (67 vote)
  • Summary: As mentioned previously, income tax brackets, eligibility for certain deductions and credits, and the standard deduction will all see increases in 2021 on