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The United States and the Group of Seven nations have reached an agreement to back a proposal that would exempt U.S. companies from certain elements of an existing global tax framework, according to a statement released by the G7 on Saturday.

Lloyd’s has issued a statement commending the decision to remove Section 899 from the Republican reconciliation bill—a provision that, if enacted, could have imposed significant additional taxes on the U.S. income of businesses domiciled outside the country.

If anyone in your household was enrolled in a Marketplace plan in 2024, you should receive Form 1095-A, Health Insurance Marketplace® Statement, by mail no later than mid-February. You may also be able to access it in your Marketplace account as early as mid-January and no later than February 1.

CPAs are revolutionizing their workflows—from automating emails and drafting technical memos to analyzing data and executing marketing strategies.

Form 16 for ITR filing: Higher standard deduction for these taxpayers to other changes in Form 16 for FY 2024-25 (AY 2025-26) It will primarily show the following three changes for certain taxpayers. Read on to know more about the changes and how they will impact ITR filing for salaried employees

ITR-1 and ITR-4 forms enabled for online filing through income tax e-filing portal for AY 2025-26, know who all can file online income tax returns

ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know

South Korea plots a post-coup future

Filing ITR for FY2024-25? Mistakes in HRA claims, capital gains tax calculation are among 7 errors to avoid However, errors can crop up despite online filing improvements, ranging from incorrect forms to misreporting income. Avoiding these mistakes, like neglecting AIS/Form 26AS reconciliation or HRA claim errors, is crucial to prevent penalties and ensure accurate tax computation