Can’t call Vijay Mallya thief for one default, he paid taxes for 40 years: Nitin Gadkari

Union Minister Nitin Gadkari on Thursday suggested that it is unfair to tag a “one-time loan defaulter Vijay Mallyaji” as a “chor” (thief), adding that the embattled businessman has a four-decade-long track record of timely debt servicing. Mr Gadkari, however, clarified that he has no business dealing with Vijay Mallya, who faces extradition from the […]

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Will an LLC Help Lower Your Business Taxes?

Whether it’s driven by a desire to escape self-employment taxes or looking to avoid that “double taxation” whammy, small business owners ponder which legal structure is right for their business and financial situation. The LLC is often associated with “pass-through taxation,” meaning the LLC itself does not pay taxes. Rather, income from the business is […]

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IRS Unveils Initiative to Address Late Payroll Taxes

No one likes dealing with tax fees and sometimes they seem to pop up at the worst times. A late, short or incomplete tax payment can quickly snowball into a mountain of fees, interest charges, and penalties. A new effort called the Early Interaction Initiative hopes to help avoid needless accruement of these sorts of […]

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Carl’s Jr. Flees California Over High Taxes

U.S. politicians often profess a desire to champion small businesses — and businesses in general.  The economic development and job creation they bring are important. But what promotes small businesses often promotes larger ones too — things like lower taxes and fewer regulations. And the reverse is also true. High taxes and too many regulations […]

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