Is $$(\sigma\circ \tau)^n=\sigma^n\circ\tau^n?$$
a. It seems equivalent to ask whereas composition of permutation is an homomorphism
This seems to be incorrect as $\sigma \circ \tau \neq \tau \circ \sigma$ for $S_n$ such that $n\leq 2$
b. In particular if we have that ${\rm ord}(\sigma)=n$ and ${\rm ord}(\tau)=n$ can we say that $(\sigma\circ \tau)^n=\sigma^n\circ\tau^n={\rm id}^n\circ{\rm id}^n={\rm id}?$
No.
Consider $\sigma=(12), \tau=(23)$. Then $(\sigma\circ\tau)^2=(123)^2=(132)$, whereas $\sigma^2\circ\tau^2={\rm id}$.