Blog

21
May 2020
  • BY: italiancpafirms
  • TAG: TAX
  • 01 COMMENT

NEW TAX FILING DEADLINE

Due to the Coronavirus, the federal income tax filing deadline has been moved from April 15th to July 15th. The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds are still being issued within 21 days. The Coronavirus is continuing to spread rapidly across the world, with more than 4.8 million confirmed cases in 188 countries. This virus has caused 300,000 people to have lost their life. The outbreak was considered a global pandemic by the World Health... READ MORE
23
Jan 2020
  • BY: italiancpafirms
  • TAG: US Tariffs
  • 01 COMMENT

The price of European wines may never be the same

After a long hard day of work, it isn’t uncommon for people over the age of 21 to enjoy a nice glass of wine. Although there is a wide variety of wines based around the kind of grapes used and price, Americans still manage to find a wine that fits them. Wine being consumed by Americans will see an increase in price due to tariffs being imposed by President Donald J Trump. The United States has imposed a 25% tax on European wines which was put into effect after winning approval from... READ MORE
02
Dec 2019
  • BY: italiancpafirms
  • TAG: products
  • 01 COMMENT

Trump puts tariffs on Italian products

In the last month the Trump Administration has implemented tariffs on goods being imported from the European Union (EU).   A tariff is a tax placed only on internationally traded goods. The taxes are to be paid by the country whose good is being imported. The Administration placed a 10% tariff on aircraft imported from the European Union and 25% duty on agricultural and other products being imported.  7.5 million dollars of tariffs were imposed on a variety of goods being imported. For... READ MORE


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