Monday, April 8, 2013

Calling in Attention for Tax Code Reform in 2013



There are so many things that affecting into the businesses today and it should take a lot of time making all things in the right place. One of the main things that affecting into the business is expense management most of the businesses are getting hard time in managing it especially when they can’t handle the amounts that owes the IRS (Internal Revenue Service). Today most of the business leaders are screaming for the reform and more hoping that the 2013 government will focus to the tax issues.

In the recent survey of KPMG’s Tax Government Institute almost 55 percent of the executives are saying that they are in favor for the separation of tax reform from the other major initiatives and only 27 says that it shouldn't be separated while 18 percent that they are not sure.

One of the only question that comes in the mind of any business affiliated person will the congress take an action about this certain issue? One of the expected main action that soon be happen is if there is a debate over the tax reform and expecting that it will take a long time. According to the Washington Post, aides, from both parties are prepared to meet in the near future to discussing in simplifying the tax code. One of the main objectives that they have is to configure in how to treat small business, corporate investors, families, children, educators, charities and international taxpayers, just to name a few key concerns.

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