News / General Business

Here's How Much the Eagles Could Owe in Taxes for Their Super Bowl Win

Source: time.com - Feb 5, 2018

Winning the Super Bowl confers glory, prize money — and, this year, a hefty tax bill from the state of Minnesota. The prize money NFL players earn for playing in Super Bowl LII is relatively... Read more >

Category: General Business

No mistake: Bigger paychecks surprise many workers after federal tax overhaul kicks in

Source: theadvocate.com - Feb 3, 2018

Sanders Offner has had good news for most clients calling lately with questions after noticing a higher-than-usual take-home pay. It wasn't a mistake. "The phone calls that we get primarily are... Read more >

Category: General Business

Bigger paychecks could have bigger tax bill, experts warn

Source: nbcnews.com - Feb 3, 2018

Americans could start seeing a bump in their paychecks as early as this week thanks to the new tax legislation, but lurking in that extra $50 or $100 is the prospect of a big tax bill come April... Read more >

Category: General Business

The tax cut is a $6 billion gift to Exxon

Source: money.cnn.com - Feb 3, 2018

The tax windfall helped Exxon's (XOM) net profits surge fivefold, the world's largest publicly traded oil company said on Friday. Excluding the tax bonanza, Exxon's results left Wall Street... Read more >

Category: General Business

Here is another — totally legitimate — way to shield money from taxes

Source: washingtonpost.com - Feb 2, 2018

I am jealous. Any time you can protect your money from the tax man, I want in. George Papadopoulos is 50 years old and has a tax-free stash to cover health care expenses that is close to $100,000... Read more >

Category: General Business

Do You Need To File A Tax Return In 2018?

Source: forbes.com - Jan 25, 2018

Tax season opens on Monday, January 29, 2018. The Internal Revenue Service (IRS) expects to process nearly 155 million individual tax returns in 2018. Will you be filing one of those returns? And... Read more >

Category: General Business

Gig-job workers had better beware of pay-as-you-go tax payments

Source: cnbc.com - Jan 25, 2018

Workers who venture into the world of side hustles or gig jobs might get an unwelcome surprise when they file their tax returns: an unexpected tax penalty. Independent workers — those who don't... Read more >

Category: General Business

Information That CPA’s Need To Prepare Taxes

Source: whttps - Jan 25, 2018

Certified Public Accountants (CPAs) are incredibly busy during tax season. Their time is precious, even more so this year with the passage of the Tax Cuts and Jobs Act. That makes it even more... Read more >

Category: General Business

3 Obamacare taxes, including one on higher-value plans, are suspended in deal to end shutdown

Source: cnbc.com - Jan 24, 2018

Three Obamacare taxes have been put on ice — for now — by the deal that ended the shutdown of the federal government. The stopgap spending deal reached by Congress on Monday suspended... Read more >

Category: General Business

‘Big positive surprise’ coming from Trump tax plan, CEOs say

Source: washingtonpost.com - Jan 24, 2018

DAVOS, Switzerland — As Bank of America chief executive Brian Moynihan travels the world in 2018, he says he keeps hearing the same thing over and over: Foreign businesses want to pump money into... Read more >

Category: General Business

Starbucks to boost worker pay and benefits after US lowers corporate taxes

Source: cnbc.com - Jan 24, 2018

Starbucks Chairman and former CEO Howard Schultz Starbucks to give bonuses and raises after new tax law 4 Hours Ago | 00:37 Starbucks will use some of the savings from the new U.S. corporate tax... Read more >

Category: General Business

Our Views: Be prepared for Louisiana state tax to increase as income taxes are lowered

Source: theadvocate.com - Jan 24, 2018

Starting in 2018, Congress has decreed a tax cut for many American households. When you get your income tax cut in April 2019, be ready for a bit of payback in May. That's because Louisiana gives a... Read more >

Category: General Business

Military's economic impact in Louisiana totals over $7 billion

Source: wwl.com - Jan 23, 2018

A Business Development Advisors study shows military related spending in Louisiana accounts for $7.7 billion in economic output and 77-thousand military related jobs. That includes the seven... Read more >

Category: General Business

10 Questions to Ask a Tax Professional About the New Tax Law

Source: consumerreports.org - Jan 23, 2018

If there was ever a good time to work more closely with your tax preparer, this might be the year. There’s plenty to discuss, from how best to complete your 2017 tax return to how to plan for the... Read more >

Category: General Business

Tax experts: Prepaid property taxes may be deductible after all

Source: washingtonpost.com - Jan 23, 2018

In 2017’s final days, tens of thousands of Americans rushed to prepay their 2018 property taxes in a last-ditch attempt to claim a deduction that would be capped starting Jan. 1. The effort was... Read more >

Category: General Business