News / General Business

Agent's Take: Here are the NFL's real highest-paid players after taxes and salary deferrals are considered

Source: cbssports.com - Dec 13, 2018

Identifying the highest-paid NFL players annually is more difficult than with their counterparts in the NBA and MLB. NFL contracts are often front loaded because the deals aren't fully guaranteed.... Read more >

Category: General Business

For this controversial tax break program, New Orleans City Council eyes big change

Source: theadvocate.com - Dec 12, 2018

New Orleans businesses requesting local tax breaks through a controversial state program would need to provide well-paying local jobs and meet other requirements under new guidelines approved by a... Read more >

Category: General Business

Service businesses that qualify for the 20% QBI deduction

Source: thetaxadviser.com - Dec 12, 2018

One major provision of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, is a new tax deduction for passthrough entities (S corporations, partnerships, and sole proprietorships) under... Read more >

Category: General Business

Why the 2019 Tax Season Could Get Off to a Rocky Start

Source: fool.com - Dec 12, 2018

Taxpayers have a number of deadlines they have to meet every year. Many of them wait until the last minute to complete their tax returns or file for extensions, facing the danger of costly... Read more >

Category: General Business

You’re Not the Only One Who’s Not Paying Your ‘Nanny Tax’

Source: wsj.com - Dec 11, 2018

A number of prominent Americans have been caught neglecting to pay taxes on their child-care help. They’re not alone. New research provides evidence of the massive underpayment of “Nanny... Read more >

Category: General Business

Climate change: Protecting the poor from green taxes

Source: bbc.com - Dec 11, 2018

The French humiliation showed people rejected the sort of carbon taxes supported by the UN’s climate deal, he tweeted. Of course it’s more complicated than that, because it depends on what... Read more >

Category: General Business

Hired a nanny this year? Claim this tax credit for 2018

Source: cnbc.com - Dec 11, 2018

Working parents can take the child and dependent care tax credit, which is up to $1,050 for one qualifying child under age 13 or $2,100 for two or more kids. Be aware that you must provide the... Read more >

Category: General Business

Here's when you can expect your employer to send the form you need to file your taxes for 2018

Source: businessinsider.com - Dec 11, 2018

Taxpayers have until Monday, April 15, 2019, to submit their 2018 tax returns. You can't file your taxes until you receive your W-2 form from your employer, which must filed and postmarked on... Read more >

Category: General Business

IRS offers guidance on 5-year tax deferral for stock options

Source: accountingtoday.com - Dec 10, 2018

The Internal Revenue Service provided initial guidance Friday on a provision of last December’s tax overhaul enabling qualified employees of private corporations to defer paying income taxes for... Read more >

Category: General Business

5 Retiree Tax Tips for 2018

Source: money.usnews.com - Dec 10, 2018

Retirees and near-retirees need to find every tax deduction they can take. There are several ways to reduce your tax bill, but you often need to take action before the end of December. The Tax Cuts... Read more >

Category: General Business

Ochsner to raise its minimum wage to $12 in January, affecting 1,200 employees

Source: theadvocate.com - Dec 10, 2018

Ochsner Health System, the state's biggest nonprofit health care company, said Thursday that it will raise its minimum wage to $12 per hour, an almost $4 increase that will affect more than 1,200... Read more >

Category: General Business

Report: Louisiana's complex property tax structure hinders job growth

Source: watchdog.org - Dec 7, 2018

Despite having a relatively lower average property tax rate than many U.S. states, Louisiana ranked poorly on a national tax climate study that concluded its property tax system is a drag on... Read more >

Category: General Business

Security Summit warns employers: Be alert to identity theft and W-2 scams

Source: irs.gov - Dec 7, 2018

IR-2018-243, December 6, 2018 WASHINGTON – As the 2019 tax season approaches, the IRS, state tax agencies and the nation’s tax industry joined together to warn small businesses to be on-guard... Read more >

Category: General Business

How Much In Taxes Will I Owe When Selling My Home?

Source: forbes.com - Dec 7, 2018

The rules for taxation of a home sale are pretty clear cut, yet we continue to see much confusion around this topic. Perhaps this is because so few people actually end up owing taxes when they sell... Read more >

Category: General Business

Port of Gulfport restoration and expansion project complete

Source: wxxv25.com - Dec 4, 2018

Hurricane Katrina nearly wiped out the Port of Gulfport. Thirteen years later, they will be cutting the ribbon Saturday to celebrate the completion of their $570 million expansion and restoration... Read more >

Category: General Business