News / General Business

4 million people paid Obamacare penalties averaging $708 for 2016, IRS says

Source: lancasteronline.com - Aug 23, 2017

Four million people paid Affordable Care Act penalties averaging $708 for not having insurance in 2016, according to preliminary figures released by the Internal Revenue Service. The average is... Read more >

Category: General Business

S corporation distribution under attack — again

Source: businessobserverfl.com - Aug 23, 2017

Sometimes, the IRS is like the little Dutch boy, sticking a finger in the dam to stop the flow of water. When it comes to the taxation of S corporation compensation, the dam has had quite a few... Read more >

Category: General Business

How to spend your Powerball winnings in one day

Source: cbsnews.com - Aug 23, 2017

You've won! Against incredible odds, you got the winning Powerball ticket and are clutching it in your hot, sweaty hands as you drop everything (really, drop it now) to collect your $700 million... Read more >

Category: General Business

Experts' favorite retirement savings account comes with a huge catch

Source: businessinsider.com - Aug 22, 2017

The more money you make, the easier it should be to save for retirement. But the Roth IRA — a popular retirement account recommended often by financial experts — presents a challenge for high... Read more >

Category: General Business

There is one big silver lining that comes with Trump’s troubles: Tax cut odds may be going UP

Source: cnbc.com - Aug 22, 2017

It seems the more turmoil and dysfunction there is in Washington, the higher odds Wall Street gives tax legislation. Last week may have been one of the worst of the Trump presidency with President... Read more >

Category: General Business

Are you part of the sharing economy? Here’s what you need to know about taxes

Source: marketwatch.com - Aug 22, 2017

The sharing economy uses the internet and other technology to facilitate transactions like car sharing (think Uber and Lyft), vacation property rentals (Airbnb), apartment rentals, freelance work... Read more >

Category: General Business

Another Nail in OPEC’s Coffin: Fracking Old Wells Dropping U.S. Breakeven Points Further

Source: thenewamerican.com - Aug 21, 2017

Ed Morse, Citigroup’s head of commodity research, told a Bloomberg television audience last week that OPEC’s position “is not sustainable over a long period. In the end, the markets are going... Read more >

Category: General Business

Analysis: Impact of property tax break changes still unclear

Source: timesunion.com - Aug 21, 2017

BATON ROUGE, La. (AP) — More than a year ago, Gov. John Bel Edwards enacted a sweeping set of changes to a 70-year-old lucrative property tax break program for manufacturing facilities in... Read more >

Category: General Business

Cash-strapped states eye self-driving car taxes

Source: detroitnews.com - Aug 21, 2017

Washington — Some cash-strapped states are considering taxing self-driving cars as they look for ways to replace revenue lost from gas tax collections that have dwindled as cars have become more... Read more >

Category: General Business

Taxes in the gig economy

Source: techcrunch.com - Aug 21, 2017

The rise of the gig economy was facilitated by technology that helped people run their own businesses. There are now dozens of apps and services that empower people to sell goods, sell space in... Read more >

Category: General Business

Solar Eclipse 2017

Source: nasa.gov - Aug 21, 2017

On August 21, 2017, all of North America will be treated to an eclipse of the sun. Viewers around the world will be provided a wealth of images captured before, during, and after the eclipse by 11... Read more >

Category: General Business

IRS Penalties For Tax Mistakes Rise By 33pc

Source: tax-news.com - Aug 18, 2017

The number of US taxpayers penalized by the Internal Revenue Service for making mistakes or underpayments at quarterly tax-filing intervals has increased by a third over the past decade. The... Read more >

Category: General Business

New Orleans City Council candidates debate property-tax freezes, new police chief, rental registry at forum

Source: uptownmessenger.com - Aug 18, 2017

Whether to freeze property-tax assessments on homes to fight gentrification or whether the New Orleans Police Department needs a new leader were among the issues debated by candidates for City... Read more >

Category: General Business

Louisiana jobless rate dips in July, but payrolls also fall

Source: neworleanscitybusiness.com - Aug 18, 2017

Louisiana’s job market posted mixed results in July despite a decrease in the unemployment rate. The jobless rate dipped to 5.3 percent in June from 5.4 percent in July, but only because more... Read more >

Category: General Business

Trump’s plan to help blue-collar workers would be a disaster for the black working class of New Orleans

Source: washingtonpost.com - Aug 18, 2017

NEW ORLEANS — Seven days a week, at 6 a.m. and 4 p.m., workers flock to the hiring center a few blocks from the Mississippi River and line up against the chain-link fence according to their... Read more >

Category: General Business