Author: Service2Client

Potential New Tax on Stock Buybacks and What it Could Mean for the Financial Markets

🖨 Print⏱ 3 min readPresident Biden’s latest spending bill could result in a new tax on corporate stock buybacks. In its most recent incarnation, the Senate version of the plan includes a 2 percent excise tax on stock buybacks. Still, this isn’t enough for many critics of stock buybacks, who claim they incentivize short-term behavior … Continue reading “Potential New Tax on Stock Buybacks and What it Could Mean for the Financial Markets”

New Proposed Tax Laws

🖨 Print⏱ 3 min readThe House recently released a nearly 900-page proposed bill that would make major changes to current tax laws. The bill is intended in large part to help pay for both the Biden Administration’s budget and infrastructure stimulus bill. It’s important to keep in mind that the provisions and changes outlined below … Continue reading “New Proposed Tax Laws”

Enhancing Agency Budget Transparency, Opportunities to Study Science and Environmental Protections

🖨 Print⏱ 3 min readCongressional Budget Justification Transparency Act of 2021 (S 272) – This bill mandates that federal agencies must make budget justification materials publicly available online. The Office of Management and Budget will be required to publish details regarding the agencies that submit budget justification materials to Congress and dates the materials are … Continue reading “Enhancing Agency Budget Transparency, Opportunities to Study Science and Environmental Protections”

Why the IRS Should Love NFTs

🖨 Print⏱ 3 min readSales and trading of nonfungible tokens (NFTs) are soaring recently. With the emergence of major marketplace platforms such as Opensea, NFTs are no longer an obscure segment of the blockchain technology world. Even old guard auction houses such as Sotheby’s are getting in on the action. In early September, the auction … Continue reading “Why the IRS Should Love NFTs”

 
 
 
 

 
 
 

 
 
 

Raible, Cornaglia, and Company, LLC

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Raible, Cornaglia, and Company, LLC provides a wide variety of accounting, auditing, tax and financial management services.