Wyoming and South Dakota have the most competitive corporate taxes, as they both have no corporate or individual income tax. Delaware is the least competitive, imposing both corporate income and gross-receipts taxes at the state level.
Read more about the states with the most and least competitive corporate taxes in 2025.
In 2020-2024, the rank of DC does not affect the rank of the states.
Some related-party 'basis shifting' arrangements are now considered 'transactions of interest' per the IRS's final regulations.
Proposed new rules were issued for the tax credit for qualified commercial clean vehicles, along with guidance on claiming tax credits for clean fuel.
The proposed regulations involve provisions of the SECURE 2.0 Act, including auto enrollment in 401(k) and 403(b) plans, and the Roth IRA catchup rule.
Newly expanded and improved tools will be available when tax season kicks off this month.
Ericksen Krentel elects sixth MP; Yeo & Yeo, Grassi and BMSS move offices; IFRS Foundation appoints three new trustees; and more news from across the profession.
Plus, IRIS beefs up Firm Management solution, customer success function; and other accounting tech news and updates.
