Search Results for "fica"


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The Big Beautiful Bill is Now a Little Less Ugly to Nonprofits

Note:  This article is one of many that BNN is publishing to cover the tax features of the so-called “Big Beautiful Bill.”  Each one is authored by one of BNN’s own tax professionals.  Our coverage includes a summary article that briefly describes many of the bill’s features and many more



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Business Tax Provisions of the Big Beautiful Bill

Note:  This article is one of many that BNN is publishing to cover the tax features of the so-called “Big Beautiful Bill.”  Each one is authored by one of BNN’s own tax professionals.  Our coverage includes a summary article that briefly describes many of the bill’s features and many more


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One Big Beautiful Bill Act: Section 174 Research Costs Overhauled

Note: This article is one of many that BNN is publishing to cover the tax features of the so-called “Big Beautiful Bill.”  Each one is authored by one of BNN’s own tax professionals.  Our coverage includes a summary article that briefly describes many of the bill’s features and many more


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IRS Soon to Forgo Paper Checks

Earlier this year, a federal executive order set in motion a change to the way funds will be transferred to and from the U.S. Treasury Department. This plan has flown under the radar a bit, with less press than it deserves, and word of it is nearly impossible to find


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Possible Changes in Maine’s Income Tax Rates

Three significant changes to Maine’s income tax rates are in the works in Augusta, with two of them passed by the legislature and awaiting Gov. Mills’ approval (or veto), and the other cleared by the Senate and awaiting attention in the House. Following is an overview of those bills. Corporate


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The “Big Beautiful Bill” Makes (Some) Progress in the Senate

Introduction and status On May 22, 2025, after an overnight marathon session, the U.S. House of Representatives passed (by one vote) H.R. 1, which is self-titled as the “One Big Beautiful Bill Act.” It then advanced to the Senate, where, as expected, many proposed changes were made and shared with