News / General Business

Here’s how the credit for other dependents can benefit taxpayers

Source: irs.gov - Mar 7, 2020

IRS Tax Tip 2019-138, October 3, 2019 Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benefits people whose... Read more >

Category: General Business

Inside plans to 'turbocharge' New Orleans' riverfront: New parks, hotels, housing, more underway

Source: nola.com - Mar 7, 2020

The biggest transformation of New Orleans’ historic riverfront in more than 30 years is underway — with plans to build new parks, hotels, housing and businesses in various stages of... Read more >

Category: General Business

Louisiana estimates 31K impacted by new food stamp work rule

Source: shreveporttimes.com - Mar 7, 2020

BATON ROUGE— As many as 31,000 of Louisiana's food stamp recipients could lose their benefits under a new Trump administration rule starting April 1 that enacts stricter work requirements on... Read more >

Category: General Business

Airlines, travel and cruise industries hurt by coronavirus could get a tax relief from the White House

Source: stamfordadvocate.com - Mar 7, 2020

WASHINGTON - The travel and tourism industries are facing their worst crisis since the 2001 terrorist attacks, prompting White House officials to consider deferring taxes for the cruise, travel and... Read more >

Category: General Business

Taxes 2020: How student loans affect your taxes

Source: cnet.com - Mar 6, 2020

Repaying student loans might already be bogging you down. You may not be financially ready to buy a home or get married until you've paid off your student loans. But your student loans impact more... Read more >

Category: General Business

The Big List of Small Business Tax Deductions (2020)

Source: bench.co - Mar 6, 2020

One of the simplest ways to reduce your income tax bill is to ensure you’re claiming all of the tax deductions available to your small business. What exactly is a tax deduction? A tax deduction... Read more >

Category: General Business

The Benefits of Serviced Apartments to Small Business Owners

Source: nuwireinvestor.com - Mar 6, 2020

The serviced apartment industry is continuously booming with more and more business people opting for this choice of long-term and short-term accommodation during corporate duties. Unlike the... Read more >

Category: General Business

Understanding Tax Brackets for the 2019 Tax Year

Source: credit.com - Mar 5, 2020

When it comes to income tax, the more you make, the bigger percentage of your income you’re expected to pay. Behind that common concept are income tax brackets—a less common concept. A tax... Read more >

Category: General Business

Upset you owe too much in taxes? Here's how to fix that

Source: usatoday.com - Mar 5, 2020

The idea of cranking out yet another form after filing your income tax return sounds as soul-crushing as, oh, maybe clearing out all those boxes filled with who knows what from the basement. Take... Read more >

Category: General Business

9 Reasons to Stop Doing Your Own Taxes

Source: nytimes.com - Mar 5, 2020

Doing your own taxes really isn’t like changing your own oil. Even if you enjoy such tasks, getting either one of them wrong as a do-it-yourselfer can be expensive. But as complicated as a car... Read more >

Category: General Business

5 Mistakes to Avoid When Selling Your Small Business

Source: thebalancesmb.com - Mar 5, 2020

Everyday small business owners (retailers) make drastic mistakes when selling their business and lose thousands of dollars in the process. All their hard work and long-term investment goes down the... Read more >

Category: General Business

IRA FAQs - Distributions (Withdrawals)

Source: irs.gov - Mar 5, 2020

Distributions while still working Can I take money from my traditional IRA, or my SEP or SIMPLE IRA, while I am still working? You can take distributions from your IRA (including your SEP-IRA or... Read more >

Category: General Business

LLC Electing S Corp Tax Status: An Option You May Not Know You Have

Source: bizfilings.com - Mar 5, 2020

If you decide to form an LLC to own and operate your small business, you have a couple of choices for how you want your LLC to be taxed. For federal income tax purposes, there is no such thing as... Read more >

Category: General Business

Maximizing Tax Deductions for the Business Use of Your Car

Source: thestreet.com - Mar 3, 2020

There are two methods of calculating the business use of your car. You’ll want to calculate your vehicle expenses each way and then choose the method that yields the largest deduction for you. If... Read more >

Category: General Business

10 Tax Deductions That Save Small Business Owners Money

Source: MISSOULA, Mont. — It’s tax time! Whether that phrase elicits fear, anxiety or the hope of a return, it’s time to get started on your taxes. The Better Business Bureau says the earlier you file your taxes, the less chance you have of someone steali - Mar 3, 2020

Running a business can be time-consuming and stressful. Keeping up with all the ins and outs of tax planning is often ignored. Here are 10 tax breaks for the self-employed small business owner.... Read more >

Category: General Business