News
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Four Ways to Duck Taxes on Investments
Source: forbes.com - Oct 1, 2020 It can be expensive to be a saver: You owe federal income tax on your profits, plus, sometimes, a 3.8% investment surtax, plus, in most places, state income taxes. Tax-wise investors minimize these... Read more > Category: General Business |
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Protecting Your Business Identity During COVID-19
Source: dnb.com - Oct 1, 2020 Every business is susceptible to fraud. Bad actors adapt their methods almost as quickly as security experts create new methods to detect fraudulent activity. While it is impossible for a business... Read more > Category: General Business |
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IRS Mistakenly Sent Penalty Notices To Businesses Claiming COVID-Related Tax Credits
Source: forbes.com - Aug 27, 2020 Did you recently receive a penalty notice for your payroll tax deposit even though you remitted the correct amount? You’re not alone. The Internal Revenue Service (IRS) has announced that a... Read more > Category: General Business |
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More than half of states have been approved for the $300 unemployment benefit—but don’t forget about taxes
Source: cnbc.com - Aug 27, 2020 More than half the U.S. states have received federal approval to offer an extra $300 per week in “lost wages assistance” per an executive order that President Donald Trump signed on August 8.... Read more > Category: General Business |
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IRS: Deadline to return distributions to retirement accounts is Aug. 31
Source: prescottenews.com - Aug 27, 2020 The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until Aug.... Read more > Category: General Business |
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Still waiting on stimulus check money? IRS urges you to take action before these two deadlines
Source: cnbc.com - Aug 26, 2020 Millions of stimulus checks were sent to families this spring. Unfortunately, many people are still waiting for that money. Now, the IRS has announced two deadlines that could help those who still... Read more > Category: General Business |
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Joe Biden Promises To End Traditional 401(k)-Style Retirement Savings Tax Benefits. What’s That Mean?
Source: forbes.com - Aug 26, 2020 Round about a month ago, I took a closer look at Joe Biden’s retirement-related policy proposals, or, more specifically, those of the “Unity Task Force,” which had just released its final... Read more > Category: General Business |
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Terminating payroll tax could end Social Security benefits in 2023, chief actuary warns
Source: nbcnews.com - Aug 26, 2020 WASHINGTON — The federal government’s ability to pay Social Security benefits could stop by mid-2023 if President Donald Trump were to permanently terminate the payroll tax and not offer... Read more > Category: General Business |
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Working from home? Don’t count on a tax deduction
Source: thedenverchannel.com - May 21, 2020 For nearly two months, Eric Pressman has been working from his newly renovated, newly ungraded home office in Needham, Massachusetts. Pressman is among the millions of Americans who aren’t sure... Read more > Category: General Business |
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Tax return filings crater as Americans are holding off until July 15
Source: cnbc.com - May 21, 2020 People short on cash could use a tax refund, yet millions of households continue to sit on last year’s tax returns. The taxman received 128.2 million individual income tax returns as of May 8,... Read more > Category: General Business |
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SBA Issues PPP Loan Forgiveness Guidance, A Few New Rules: What You Need To Know Now
Source: forbes.com - May 21, 2020 The SBA just issued much-awaited guidance, allowing borrowers to claim forgiveness of their Paycheck Protection Program (“PPP”) loans. The new guidance implements the single most enticing... Read more > Category: General Business |
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Voices Inside the coronavirus-related employer tax credits and penalty relief
Source: accountingtoday.com - May 5, 2020 The Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security, or CARES Act, provide refundable tax credits to certain employers that continue to pay their... Read more > Category: General Business |
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As Senate returns, multiple stumbling blocks threaten next coronavirus bill
Source: nbcnews.com - May 5, 2020 WASHINGTON — As the Senate returns Monday after having been forced from the Capitol by the coronavirus outbreak, the next round of emergency relief legislation could be weeks away as Democrats,... Read more > Category: General Business |
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3 Things to Know Before Throwing Out Your Old Tax Returns
Source: fool.com - May 5, 2020 Tax season eventually comes to a close, but you'll always have your tax return and other paperwork to serve as a reminder of that time -- at least until you throw it out. Hopefully, you're not... Read more > Category: General Business |
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Is it a good idea to lower taxes on oil production in Louisiana? Legislature starts fast on bill
Source: theadvocate.com - May 5, 2020 Though state government is facing a huge drop in revenues because of the coronavirus pandemic, almost the first legislation that moved out Monday from the Louisiana House tax committee was a bill... Read more > Category: General Business |
