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ArtikelMaking Sense of The New Tax Legislation  
Oleh: Luscombe, Mark A. ; Jones, George G.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 192 no. 3 (Sep. 2001), page 22-30.
Topik: taxes; sense; new tax legislation
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ85.13
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelAt first, the Economic Growth and Tax Relief Reconciliation Act of 2001, the legislation Congress passed on May 26 and the President signed into law on June 7, appeared deceptively simple. The national press focused on the bill’s hallmark across - the - board tax cut and advance refund, and tax payers initially assumed most of the tax benefits would "just happen” on a fairly predictable schedule. In fact, the 10 - year, $1.35 trillion tax relief package affects nearly all tax payers in more ways than one. And experts are quickly recognizing its complexity. While the 2001 act introduces many new opportunities, it comes with pitfalls and challenges neither tax payers nor tax practitioners can afford to overlook. This broad tax package offers plenty of planning alternatives, which will challenge CPA s to reconsider the tax - planning assumptions that have guided them in the last few years. The bottom line is that practitioners should get ready to crunch the numbers - time - based, phase - in projections and recommendations will drive tax planning now more than ever - even without the complication of the additional tax legislation that is sure to follow.
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