News

Solomon Group Creating 86 Jobs With Louisiana Expansion

Source: businessfacilities.com - Dec 20, 2019

Solomon Group, a national entertainment design and production company based in New Orleans, will create 86 new direct jobs under the state’s Entertainment Job Creation Program. The company... Read more >

Category: General Business

Some popular tax breaks renewed in big govt funding bill

Source: neworleanscitybusiness.com - Dec 20, 2019

A raft of expired and expiring tax breaks, including deductions for mortgage insurance premiums, college tuition and large medical bills, would be renewed under a massive government-wide funding... Read more >

Category: General Business

Who pays the lowest taxes in the US?

Source: vox.com - Dec 20, 2019

A “fun” piece of tax trivia — if there even is one — is that nearly half of Americans don’t pay federal income taxes. It’s something you’ll hear from conservative pundits, often to... Read more >

Category: General Business

IRS files Federal Tax Lien against the Sewerage & Water Board

Source: fox8live.com - Dec 19, 2019

NEW ORLEANS, La. (WVUE) - “When people don’t pay payroll taxes, that’s a sign they’re in a financial crisis,” says CPA Patrick Lynch. The Internal Revenue Service put a lien on the... Read more >

Category: General Business

House votes to temporarily repeal Trump SALT deduction cap

Source: thehill.com - Dec 19, 2019

The House on Thursday voted to temporarily repeal much of the GOP tax law's cap on the state and local tax (SALT) deduction, a key priority for many Democrats. The bill passed on a near party line... Read more >

Category: General Business

Senate approves $1.4 trillion deal to avert shutdown amid impeachment fight

Source: cnn.com - Dec 19, 2019

Washington (CNN)The Senate on Thursday approved a nearly $1.4 trillion spending deal to keep the government funded and avert a shutdown at the end of the week. The Senate passed the deal by... Read more >

Category: General Business

What Are The Taxes On An Interest-Free Loan To A Loved One?

Source: forbes.com - Dec 16, 2019

Larry Light: You want to be nice and helpful to your loved one. But what are the tax consequences of this arrangement? Bruce Bell: Persons who make non-interest-bearing loans face various tax... Read more >

Category: General Business

Is Uber Cheating On Social Security/FICA Taxes?

Source: Congress is expected to permanently repeal three major health industry taxes that were supposed to help pay for Obamacare in a final year-end spending agreement, in a big win for the health care industry. Lawmakers have agreed to ax the Cadillac t - Dec 16, 2019

Should Uber and other firms using a workforce of independent contractors be required to pay Social Security taxes on behalf of their workers? That’s a great idea except that it turns out, it... Read more >

Category: General Business

Congress to repeal 3 major health taxes, fund gun violence research in year-end spending deal

Source: politico.com - Dec 16, 2019

Congress is expected to permanently repeal three major health industry taxes that were supposed to help pay for Obamacare in a final year-end spending agreement, in a big win for the health care... Read more >

Category: General Business

How will the new food stamp rule affect Louisiana? Subtitle Settings Font Font Size Font Edge Font Color Background SNAP impact unclear By Ashley Joseph | December 9, 2019 at 9:05 PM CST - Updated December 9 at 9:05 PM LAKE CHARLES, La. (KPLC) -"The

Source: kplctv.com - Dec 11, 2019

By Ashley Joseph | December 9, 2019 at 9:05 PM CST - Updated December 9 at 9:05 PM LAKE CHARLES, La. (KPLC) -"The states have used waivers in some places where the unemployment rate is 2.5... Read more >

Category: General Business

New Orleans City Council wants state to let cities repeal local portion of 'tampon tax'

Source: nola.com - Dec 11, 2019

The New Orleans City Council expressed its support Thursday of an effort to give local governments the power to exempt feminine hygiene products, such as pads and tampons, and diapers from local... Read more >

Category: General Business

Taxes can be the Grinch that steals your bonus joy

Source: newsday.com - Dec 11, 2019

You’re daydreaming about what to do with the holiday bonus you hope to get. I hate to wake you, but there are some strings attached — taxes. Here’s how the IRS might be the Grinch that stole... Read more >

Category: General Business

I’ve been in finance for 30 years. Here are the biggest end-of-year money mistakes I see people making

Source: cnbc.com - Dec 10, 2019

Getting things in order before ringing in the new year can be stressful. There are holiday preparations, work deadlines and family gatherings to attend. But for many, tackling the financial to-do... Read more >

Category: General Business

13 Expenses To Write Off On Your Taxes That You Probably Didn’t Know About

Source: bustle.com - Dec 10, 2019

Tax season can feel overwhelming and intimidating. Sure, it's exciting to think about the refund check you may get back, but it's not quite as exciting when you remember all of the work you need to... Read more >

Category: General Business

Topic No. 305 Recordkeeping

Source: irs.gov - Dec 10, 2019

Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice. You must keep records, such as... Read more >

Category: General Business