Sentences with phrase «taxes under a new tax law»

Cuomo's gambit is a way to keep higher - income New Yorkers who pay high local property taxes from facing much higher federal taxes under a new tax law signed by President Donald Trump in December.
Fewer estates will be subject to the federal estate tax under the new tax law, but estate planning is still important for investors.

Not exact matches

The lower tax rate in Q1 2018 was primarily due to the reduced federal rate under the new tax law enacted in Q4 2017 and additional discrete tax benefits from stock compensation in Q1 2018.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thintax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thinTax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
If you do think you'll continue to itemize under new tax law, there are a couple of changes that affect charitable donations.
A combination of the lowered corporate tax rate under the US» new tax law and shipping demand rising faster than the company previously expected drove the aggressive investment strategy.
Although the Daniels case doesn't pertain to sexual harassment, business owners should be aware of a new provision under the tax law that limits firms» ability to deduct settlements related to sexual harassment or abuse.
Under the new law, Amazon would owe about $ 200 million in tax each year.
State and local sales and income taxes could not be prepaid under the new law.
WASHINGTON — Republicans and Democrats waged an all out war over the new tax law on Tuesday, as Americans met the deadline to file their taxes under the old system for the last time.
Small business owners may benefit from kinder tax treatment under the new law.
Less than three weeks after Trump signed Republican tax legislation into law, the IRS is developing new withholding tables to advise employers on how much federal tax to withhold from paychecks under the new regime.
First off, I get it: Anyone dealing with sticker shock in light of the potential local, state and property taxes they face under the new laws could be tempted to jump ship and make tracks for so - called «tax - free» states.
Under the new tax law introduced as the Tax Cuts and Jobs Act, sporting event tickets such as sky box tickets, charitable sports events or contributions to an education institution to purchase tickets to an athletic event are all non-deductible itetax law introduced as the Tax Cuts and Jobs Act, sporting event tickets such as sky box tickets, charitable sports events or contributions to an education institution to purchase tickets to an athletic event are all non-deductible iteTax Cuts and Jobs Act, sporting event tickets such as sky box tickets, charitable sports events or contributions to an education institution to purchase tickets to an athletic event are all non-deductible items.
Evaluate entertainment expenses: Businesses may want to examine what entertainment expenses they incurred and determine how to focus more on those expenses that are deductible under the new tax law.
SAN FRANCISCO — Since Apple said in January that it would bring back most of the $ 252 billion it held abroad under the new tax law, investors have wondered what the company would do with the enormous cash pile.
The social network also said it had taken a $ 2.3 billion charge to cover the repatriation of foreign earnings under the new tax code that was signed into law last month.
Will your company be subject to the extra taxes under the law's new anti-base erosion rules?
Under the new tax reform law, no deduction is allowed for business entertainment, beginning in 2018.
Under the new tax law, companies that make a one - time repatriation of cash will be taxed at a rate of 15.5 percent on cash holdings and 8 percent on nonliquid assets.
Under the new law, taxpayers can only deduct $ 10,000 in combined property taxes and other state and local taxes (SALT) from their federal taxes.
Voya's Mike Berry offer tips on the unique savings offerings many consumers now have given an increase in their take - home pay under the new tax law.
Most of the tax return preparation for the year 2017 will be under the old law and planning for 2018 and beyond will be under the new law, a dual mandate for tax departments this year.
Apple announced in January that it would make a one - time mandatory tax payment of $ 38 billion under the new US tax law.
The nonpartisan Tax Policy Center estimates that the number of itemizers will fall from about 49 million to 10 million under the new tax lTax Policy Center estimates that the number of itemizers will fall from about 49 million to 10 million under the new tax ltax law.
Perhaps it is as simple as a lack of liquidity as US corporations take money out of money market instruments in order to repatriate funds under the new tax laws.
Under the new tax law, a $ 10,000 limit will apply on 2018 returns as the maximum deduction for all state and local taxes combined.
The standard deduction will nearly double under the new tax law but, again, that doesn't take place until the 2018 returns.
ROBERT FRANK, NIGHTLY BUSINESS REPORT CORRESPONDENT: They «re calling it the great conversion, taxpayers turning themselves into limited liability companies and S - corps in order to lower their tax bill under the new tax law.
In the case of Apache Corporation, the company recorded a provisional net deferred tax benefit of $ 822 million to reverse a previously recorded deferred tax liability for unrepatriated earnings and to account for the transition rule under the new law.
For example, if a small business has $ 100,000 in income that will be passed through, only $ 80,000 of that would be taxable under the new tax law.
There's another reason to look at your withholding under the new tax laws.
We like to refer to Rosenstein & Associates as being «The Temecula Law Firm» and that our clients can rely on us to help in the formation of a new business, help manage the legal needs of an existing business, including when necessary business & corporate litigation; ongoing transactional matters (more commonly referred to as contractual matters); assisting with the filing of copyrights and trademarks; assistance with real estate transactions, assistance with tax audits, tax litigation, and when necessary with business reorganization, including filing a Chapter 11 or a business Chapter 7 under the U.S. Bankruptcy Code.
Under state law, a new taxing body can not be created without voter approval.
The public uproar over the issue heightened Wednesday following an assertion by the Finance Minister Seth Terkper that allowances and pensions are being taxed under the new income tax law, Act 896, 2015, because they are all forms of income no matter how they are earned.
One of the taxes that has been heavily criticised under the new tax law is the 20 % tax on employee retirement benefits and allowances.
Gov. Andrew Cuomo's proposal to change the state tax code to get around the loss of deductions under the new federal law is «the work of a mind severed from reason and reality,» GOP gubernatorial candidate John DeFrancisco, the deputy state Senate majority leader, said.
U.S. Sens. Charles Schumer and Kirsten Gillibrand should expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, based on their 2017 tax returns.
A report by Gov. Andrew Cuomo's tax department lists ways that New Yorkers could get around the loss of some of their state and local tax deductions under the new lNew Yorkers could get around the loss of some of their state and local tax deductions under the new lnew law.
The organization's ad campaign is part of a $ 2.5 million digital effort to tout the tax law, which has come under fire from Democrats in New York, including Gov. Andrew Cuomo.
WASHINGTON — New York's two Democratic senators, Chuck Schumer and Kirsten Gillibrand, should each expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, according to projections based on their 2017 tax returNew York's two Democratic senators, Chuck Schumer and Kirsten Gillibrand, should each expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, according to projections based on their 2017 tax returnew Republican tax law, which they both fought and voted against, according to projections based on their 2017 tax returns.
ALBANY — The Cuomo administration on Wednesday detailed several proposals that could allow some higher - income, middle - class New Yorkers to avoid paying more federal taxes under the new tax cut law passed in Washington last monNew Yorkers to avoid paying more federal taxes under the new tax cut law passed in Washington last monnew tax cut law passed in Washington last month.
In theory, it would mean New Yorkers get to keep more money than they would under the new tax lNew Yorkers get to keep more money than they would under the new tax lnew tax law.
A report by Governor Cuomo's tax department lists ways that New Yorkers could get around the loss of some of their state and local tax deductions under the new lNew Yorkers could get around the loss of some of their state and local tax deductions under the new lnew law.
Under current law, companies like Amazon are only required to charge sales tax if a New York resident purchases from a New York company.
The tiny Tuckahoe school district failed Tuesday in its second attempt to override its tax cap and will be forced to freeze taxes as a result — the first Long Island district to experience such consequences under New York State's strict cap law.
«Residents will get every possible deduction that is still available under the new federal tax law, including some that result in lower revenues for state and city government,» Wylde said.
Up to $ 10,000 of property taxes can still be deducted, under the new federal law passed by Congress and signed by President Trump in December.
While most New Yorkers will get a tax break under the new law, Mujica said 1.7 million residents — mostly higher earning ones from downstate areas where property taxes are especially high — will lose the ability to fully deduct their state and local taxes beginning with the 2018 tax yeNew Yorkers will get a tax break under the new law, Mujica said 1.7 million residents — mostly higher earning ones from downstate areas where property taxes are especially high — will lose the ability to fully deduct their state and local taxes beginning with the 2018 tax yenew law, Mujica said 1.7 million residents — mostly higher earning ones from downstate areas where property taxes are especially high — will lose the ability to fully deduct their state and local taxes beginning with the 2018 tax year.
Silver, a Manhattan Democrat who has served as speaker of the state assembly since 1994, has been under federal investigation over payments he received from a small law firm, Goldberg & Iryami, that specializes in New York City real estate taxes.
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