News

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

Gov. John Bel Edwards says Louisiana will have another $300 million surplus

Source: theadvocate.com - Aug 1, 2019

Gov. John Bel Edwards on Thursday indicated Louisiana will likely have another roughly $300 million budget surplus when the state closes the books on the fiscal year. Speaking after a forum at the... Read more >

Category: General Business

65% of Small Businesses Got a Tax Refund for 2018 – and Most Were Happy

Source: smallbiztrends.com - Aug 1, 2019

For individual taxpayers, refunds are a common thing. But for small businesses, it depends on the type of entity you establish and the type of taxes you pay. 2018 Small Business Tax Refunds Survey... Read more >

Category: General Business

The Democratic Debate Over 'Medicare For All' And Middle-Class Taxes, Explained

Source: npr.org - Aug 1, 2019

At the Democratic debate tonight, one particular aspect of Bernie Sanders' "Medicare for All" plan got special scrutiny. After a back-and-forth over how to pay for the plan, CNN moderator Jake... Read more >

Category: General Business

Earned Income Tax Credit Reduces Taxes for Low- and Moderate-Income Wage Earners

Source: blackpressusa.com - Jul 25, 2019

NNPA NEWSWIRE — The Earned Income Tax Credit was implemented as a way to offset the impact of Social Security taxes on low to moderate taxpayers and to provide them with an incentive to work. The... Read more >

Category: General Business

Short-term rentals could be causing big property tax increases in New Orleans

Source: wwltv.com - Jul 25, 2019

For some, the cost of living in Orleans Parish is going up. Property assessments have raised property values, which can raise your property tax. Eyewitness News spoke with people in Treme, who... Read more >

Category: General Business

Everything Old Is New Again As IRS Releases Form 1040 Draft

Source: forbes.com - Jul 25, 2019

Just six (or so) months after the Internal Revenue Service (IRS) released the much talked about - and maligned - form 1040 for the 2018 tax year, there’s a new draft in town. Here’s a quick... Read more >

Category: General Business

Turn A Summer Job Into A $120,660 Tax-Free Retirement Windfall

Source: investors.com - Jul 24, 2019

Summer jobs for teens teach the value of money and hard work. But they can also give a huge head start on summer job tax and retirement planning — with a Roth IRA for kids. How so? If you and... Read more >

Category: General Business

Court bars man convicted of tax fraud from preparing Louisiana tax returns

Source: revenue.louisiana.gov - Jul 24, 2019

June 10, 2019 BATON ROUGE – A Louisiana court has barred a former Baton Rouge tax preparer from preparing state income tax returns. Judge Michael Caldwell of the 19th Judicial District in... Read more >

Category: General Business