News / General Business

There's Stuff to Like in the Republican Tax Plan

Source: bloomberg.com - Aug 25, 2017

With the presidency and both houses of Congress in their grasp, Republicans have a rare opportunity to make policy reforms. So far, nothing major has been done. On health care, the GOP failed to... Read more >

Category: General Business

Better To Abolish Business Taxes Than Waive Them As Iowa Has Done For Apple's Data Centre

Source: forbes.com - Aug 25, 2017

It terms of economics, rather than politics, the idea of a locality waiving business taxes in order to attract a particular business is a very bad idea indeed. It would actually be better for that... Read more >

Category: General Business

The 6 Best Financial Perks and Benefits You Can Provide Employees

Source: smallbiztrends.com - Aug 24, 2017

No matter who you are, money talks. But it’s not just the salary figure that employees look at when evaluating job opportunities. Financial perks and benefits, or a lack thereof, often come into... Read more >

Category: General Business

Trump’s budget a bipartisan letdown in Louisiana: “No need to protect bridges if there’s no one to drive over them”

Source: salon.com - Aug 24, 2017

Long before the state overwhelmingly voted President Donald Trump into office last November, those in Louisiana’s swamp were already critical of Washington’s. To say that the last two... Read more >

Category: General Business

Ask The Taxgirl: Deducting Fidget Spinners On Your Taxes

Source: forbes.com - Aug 24, 2017

Taxpayer asks: My son has a problem paying attention and his doctor told me that I should buy him fidget spinners to help. Can I take this off on my taxes? Taxgirl says: You'd be surprised at... Read more >

Category: 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