tax

Liberty Tax parent restructures after bankruptcy – Nokturnal

oleh

Liberty Tax parent NextPoint Financial Inc. and 29 U.S. affiliates have launched Chapter 15 proceedings in Delaware, declaring $284 million in debt after seeking bankruptcy protection in Canada. NextPoint and its subsidiaries received an initial order from the Supreme Court of British Columbia regarding the Companies’ Creditors Arrangement Act. The company’s approximately 2,200 Liberty Tax franchised locations are … Read more

IRS issues guidance on Medicare drug pricing tax – Nokturnal

oleh

The Internal Revenue Service and the Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by a provision in last year’s Inflation Reduction Act to allow Medicare to negotiate on the prices of many medications. Notice 2023-52 says the IRS and the Treasury will … Read more

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