News / General Business

10 Tax-Smart Strategies With December Deadlines

Source: forbes.com - Nov 8, 2019

This year marked the first time taxpayers filed their returns under the Tax Cuts and Jobs Act of 2017 (TCJA). Due to the sheer number of changes introduced, many taxpayers may not be aware of steps... Read more >

Category: General Business

Can self-employed people ever actually retire?

Source: marketwatch.com - Nov 8, 2019

I’ve been self-employed for more than 15 years, and I’ve never looked back. I can’t put a dollar figure on the riches I gain from the freedom I have to work when and where I want, to choose... Read more >

Category: General Business

Texas voters say yes to ban on state income tax

Source: dallasnews.com - Nov 8, 2019

AUSTIN — Texans, who already don’t pay a statewide income tax, voted Tuesday to make it even more difficult for state leaders to ever impose the tax on them in the future. The constitutional... Read more >

Category: General Business

How to spend your retirement savings without triggering a tax penalty

Source: cnbc.com - Nov 8, 2019

It’s not just saving for retirement you need to worry about, but drawing down your money at the right time, too. The IRS requires savers to make withdrawals from their retirement accounts... Read more >

Category: General Business

Make These Tax Moves for 2019 Before It’s Too Late

Source: wsj.com - Nov 6, 2019

It’s Year Two following the massive tax overhaul of 2017. For Americans who are still getting used to the new rules, it’s important to sort things out before the year ends. “People are... Read more >

Category: General Business

IRS increases tax deductions for 2020

Source: accountingtoday.com - Nov 6, 2019

The Internal Revenue Service issued its annual inflation adjustments for dozens of tax items and tax schedules Wednesday, saying the standard deduction for married taxpayers who file joint tax... Read more >

Category: General Business

Orleans Parish school district officials push rolling forward of property taxes

Source: nola.com - Nov 6, 2019

Officials with the Orleans Parish school district will ask School Board members next month to keep the district’s property taxes at their current rate, thereby raising school funding due to a... Read more >

Category: General Business

A Michigan Man Underpaid His Property Taxes By $8.41. The County Seized His Property, Sold It—and Kept the Profits.

Source: reason.com - Nov 6, 2019

An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500... Read more >

Category: General Business

Here’s who is saving the most money from Trump’s tax cuts

Source: cnbc.com - Sep 24, 2019

The savings rate in the U.S. was 17% higher in 2018 than in 2017, according to data from the Commerce Department cited by the Wall Street Journal, and it has continued to trend upward this year.... Read more >

Category: General Business

Oct. 12 New Orleans election voter guide: everything to know about what's on the ballot, more

Source: nola.com - Sep 23, 2019

The Oct. 12 primaries in the New Orleans area are chock-full of candidate races, constitutional amendments and local propositions. Early voting begins Saturday, Sept. 28 and ends Oct. 5. Early... Read more >

Category: General Business

Louisiana struggles to retain college grads despite energy industry's presence

Source: louisianarecord.com - Sep 23, 2019

According to HoumaToday.com, Louisiana’s current strained economy is based largely on three factors: taxes, bureaucracy and an exodus of young adults after earning college degrees. Gary Wagner,... Read more >

Category: General Business

If you hit the $227 million Mega Millions jackpot, here’s what you’ll pay in taxes

Source: cnbc.com - Sep 23, 2019

With no tickets matching all six numbers in Friday night’s Mega Millions drawing, the jackpot has climbed to $227 million. Yet before you start counting all the ways you’d use the money if... Read more >

Category: General Business

Walmart Sales Tax Dispute Heads to Louisiana Supreme Court

Source: news.bloombergtax.com - Sep 4, 2019

Walmart.com has only about $140,000 directly at stake in a tax fight with a Louisiana parish. But the company’s court challenge to that amount may have ramifications for other online marketplace... Read more >

Category: General Business

IRS Expands Penalties: Which Tax Mistakes Are Better Not to Commit

Source: cointelegraph.com - Sep 4, 2019

Willful and non-willful tax flubs are different. Taxes are complex, and innocent tax mistakes can often be forgiven — maybe with no penalty. Even if there is a penalty, non-willful is vastly... Read more >

Category: General Business

IRS impostors are using fake emails to trick you: How to spot a scam

Source: post-gazette.com - Sep 4, 2019

Did you just get an email about your tax refund? Or maybe an email using the phrase an “electronic tax return reminder”? Ignore it. It’s a hot new scam, according to the latest warnings from... Read more >

Category: General Business