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If your business sells goods or services in California, it’s time to review your tax settings. As of April 1, 2025 , the California Department of Tax and Fee Administration (CDTFA)  has implemented new sales and use tax rates  across multiple districts. These updates reflect local tax measures passed during the November 2024 elections and apply to both in-state and remote sellers. At Bizora, we help businesses stay ahead of compliance updates. Here’s what you need to know abo

​Managing tax debt can be daunting, but the IRS Fresh Start Program offers relief options to help taxpayers regain financial...

If you’re a California business owner or self-employed professional , a key tax deadline is fast approaching. The Franchise Tax Board...

As the April 15 federal tax filing deadline approaches, the Internal Revenue Service (IRS) is strongly urging taxpayers to file their...

In a major milestone for the city’s economy, New York City real estate tax revenue  reached an all-time high of $37 billion in 2024 ,...

South Carolina is joining a growing list of states aiming to streamline and reduce personal income taxes. In a newly proposed bill...

The Inflation Reduction Act of 2022  introduced a new tax regime for large C corporations : the Corporate Alternative Minimum Tax (CAMT)...

Navigating the complexities of tax season can be particularly challenging for freelancers and independent contractors. Unlike traditional...

In a bold move aimed at reducing economic inequality, Delaware Governor Matt Meyer  has proposed a new budget that would raise state...

Artificial Intelligence (AI) is revolutionizing various industries, and tax preparation for small businesses is no exception. By...

In a major update that could benefit thousands of electric vehicle (EV) buyers, the Internal Revenue Service (IRS)  has introduced a fix...

Cryptocurrency and NFTs (non-fungible tokens) continue to surge in popularity, transforming how we invest, transact, and create digital...

Georgia lawmakers have passed significant tax relief measures, including state income tax cuts and one-time rebates  for residents,...

Connecticut lawmakers are considering a proposal to implement a 28-cent tax on retail product deliveries, aiming to bolster funding for...

As Tax Day approaches each year, April 15  is one of the most important dates on the calendar for individuals and many businesses....

Illinois lawmakers are evaluating legislative measures aimed at eliminating state income tax on tips earned by service industry employees. This initiative seeks to provide financial relief to workers in sectors such as hospitality and food service, where gratuities constitute a significant portion of income.​ Current Taxation Framework for Tipped Employees Under existing federal and state regulations, tips are considered taxable income. Employers are permitted to pay tipped

The Qualified Business Income Deduction (QBID)  under IRC §199A  provides a powerful tax benefit for owners of pass-through...

Recent discussions in Congress about capping or eliminating the corporate state and local tax (SALT) deduction have raised significant concerns among U.S. businesses. This deduction currently allows companies to subtract state and local tax payments from their federal taxable income, effectively reducing their overall tax burden. The proposed changes aim to generate additional federal revenue but have sparked debate over their potential economic impact.​ Background on the SA

The Georgia General Assembly has passed House Bill 112, introducing one-time income tax rebates for residents, and House Bill 111,...

One of the most overlooked areas of the tax code—yet frequently scrutinized during audits—is IRC §267 , which governs related party...

In the wake of the devastating Hurricane Helene, Georgia's legislature has approved a substantial tax relief package aimed at supporting...

North Carolina Governor Josh Stein has unveiled his first two-year state budget proposal , aiming to address fiscal challenges and...

In a move aimed at alleviating financial pressures on residents, the Alabama House of Representatives has unanimously approved a series...

Depreciation is one of the biggest tax benefits for businesses , allowing them to deduct the cost of equipment, machinery, real estate,...