Tax news from around the web: May 8 – 12, 2017

Written on May 08, 2017

California considers taxing companies to the moon (and back)
California has long been considered fairly aggressive when it comes to how far they're willing to go to impose taxes. Now, the state may literally be reaching for the stars. The state has introduced a proposal that would make it the first state to tax commercial space transportation companies.

2018 health savings account limits increase slightly
The IRS issued the inflation-adjusted figures for calendar year 2018 for the annual contribution limits for health savings accounts and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans.

Tech Corner - 3 tech trends for accountants to watch in 2017
Kimberley N. Ellison-Taylor, chairman of the AICPA, recently noted that technology tops her list of the most important trends shaping 2017 because it will drive so many of the profession’s opportunities and challenges in the year ahead.

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