News / General Business

Voices: Help small business payroll clients prepare for tax season

Source: accountingtoday.com - Jan 3, 2019

In an ideal world, businesses would make tax preparation a yearlong commitment. But often, it becomes a last-minute scramble to find records and CPAs must spend extra time helping owners gather and... Read more >

Category: General Business

IRS issues guidance on Section 179 expenses and Section 168(g) depreciation under Tax Cuts and Jobs Act

Source: irs.gov - Jan 3, 2019

IR-2018-257, December 21, 2018 WASHINGTON — The Internal Revenue Service issued Revenue Procedure 2019-08 today to provide guidance on deducting expenses under Section 179(a) and on deducting... Read more >

Category: General Business

Tax Deductions Guide and 20 Popular Breaks for 2018

Source: nerdwallet.com - Jan 3, 2019

Tax deductions and tax credits can be huge money-savers — if you know what they are, how they work and how to pursue them. Here’s a cheat sheet. What is a tax deduction? A tax deduction is a... Read more >

Category: General Business

The Ultimate French Quarter Guide to Christmas in New Orleans

Source: frenchquarter.com - Dec 21, 2018

During the holiday season in New Orleans, the city’s predilection for spectacle goes into overdrive. Here are some of the sights and shows that make for an unforgettable December visit, plus our... Read more >

Category: General Business

Edwards says tariffs slowing Louisiana’s economic growth

Source: neworleanscitybusiness.com - Dec 21, 2018

Even as he touted Louisiana’s economic picture, Gov. John Bel Edwards said Thursday that President Donald Trump’s tariffs are causing “pain” for agricultural and petrochemical industries... Read more >

Category: General Business

Wall Street Journal Suggests ‘Quick Sale, Repurchase’ of Bitcoin ‘May Lower Your Taxes’

Source: cointelegraph.com - Dec 21, 2018

An article published Dec. 21 by The Wall Street Journal (WSJ) has suggested investors should sell and then repurchase their Bitcoin (BTC) as a strategy to save on taxes. In the context of the 2018... Read more >

Category: General Business

Trump’s Proposed Middle Class Tax Cut Is Not Real. Merry Christmas.

Source: rollingstone.com - Dec 21, 2018

Way back before the midterms, President Trump was so desperate for Republicans to retain their majority in the House of Representatives that he blurted out his intention to give the middle class a... Read more >

Category: General Business

New tax-filing status tips for clients: Tax Strategy Scan

Source: financial-planning.com - Dec 19, 2018

Tips on deciding which tax-filing status is best for you Married couples may file joint or separate returns next year, depending on which of these two options will they choose to take advantage of... Read more >

Category: General Business

Should I Take the Standard Deduction?

Source: money.usnews.com - Dec 19, 2018

One of the first decisions you'll make when filing taxes is whether to take the standard deduction or itemize your deductions. But before you make that call, you need to know what the standard... Read more >

Category: General Business

2018 taxes: Here’s how small businesses can save big

Source: philly.com - Dec 19, 2018

There are less than two weeks left in 2018. But, if you’re running a small business, you still have time to make a few moves that could reduce your tax bill. Here are a few that you should... Read more >

Category: General Business

Business entertainment tax deductions are gone: What you need to know

Source: sbnonline.com - Dec 14, 2018

Before the federal tax overhaul, business meals and entertainment were generally deducted at 50 percent. Now, meals remain generally 50 percent deductible. Entertainment does not. The changes are... Read more >

Category: General Business

4 Tax Surprises You Might Face in Retirement

Source: fool.com - Dec 14, 2018

Many working adults are used to losing a portion of their income to taxes. New retirees, on the other hand, are often shocked to find that much of their income is, in fact, subject to taxes as... Read more >

Category: General Business

O rly? California considers plan to tax text messages

Source: nbcnews.com - Dec 14, 2018

Sending emojis back-and-forth could soon cost you in California, if the state's public utilities commission votes to approve taxing text messages next month. California already taxes phone... Read more >

Category: General Business

Banks Are Approving Small Business Loans at Rates Not Seen Since Before the Great Recession

Source: forbes.com - Dec 13, 2018

Approvals of loan applications from small business owners reached post-recession high mark (26.9%) at big banks (assets of $10 billion+), while small banks granted more than half of the small... Read more >

Category: General Business

How the New Standard Deduction Changed Your Tax Bill

Source: zacks.com - Dec 13, 2018

With a number of IRS updates and new rules passed through the 2017 Tax Cuts and Jobs Act, tax payers should make sure to review changes in standard deductions that took effect January 1, 2018, and... Read more >

Category: General Business