News / General Business

Pay taxes now or later: How to choose the best retirement savings option for you

Source: cnbc.com - Jan 28, 2021

You know you need to save for retirement. Figuring out how to get started or finding the best plan may leave you befuddled. Yet it is important. By the age of 67, you should have 10 times your... Read more >

Category: General Business

The tax credit fix many can’t afford to miss

Source: neworleanscitybusiness.com - Jan 26, 2021

Families battered by the pandemic recession soon may discover that the tax refunds they’re counting on are dramatically smaller — or that they actually owe income tax. Congress offered a... Read more >

Category: General Business

2 Charitable Tax Breaks Have Been Extended for 2021

Source: moneytalksnews.com - Jan 26, 2021

t will continue to be more rewarding to give generously in 2021 than it has been in the recent past. The omnibus spending and coronavirus relief package that President Donald J. Trump signed into... Read more >

Category: General Business

Tax Credits Can Help Families Struggling During Pandemic

Source: publicnewsservice.org - Jan 26, 2021

DENVER -- Coloradans who lost jobs or income during the coronavirus pandemic may qualify for the federal Earned Income Tax Credit (EITC) when they file their 2020 taxes. Kelly Wagoner, director of... Read more >

Category: General Business

My Top Ten Concerns About The 2021 Tax Filing Season

Source: forbes.com - Jan 26, 2021

Having been a return-preparing tax professional for the last 40+ years, I annually prepare a top-ten list of concerns about the filing season ahead. Earlier today IRS Commissioner Rettig announced... Read more >

Category: General Business

America's Gas Tax Could Increase After 28 Years

Source: carbuzz.com - Jan 25, 2021

Change is constant and it's important for nations to adapt to the times for endless reasons. In the US, one of those changes could potentially involve a gasoline tax increase, something that hasn't... Read more >

Category: General Business

Louisiana state income tax filing begins Friday, Feb. 12

Source: fox8live.com - Jan 25, 2021

ATON ROUGE (WVUE) -The Louisiana Department of Revenue will begin accepting and processing 2020 state individual income tax returns on Friday, Feb. 12, 2021. The date coincides with the date the... Read more >

Category: General Business

New rule helps those who lost jobs in 2020 get tax credits

Source: bostonherald.com - Jan 25, 2021

Many lower-wage workers who are raising families bank on receiving a healthy, four-figure tax refund, likely their biggest single check of the year, when they claim the Earned Income Tax Credit on... Read more >

Category: General Business

New 401(k) Rules for 2021

Source: nasdaq.com - Jan 25, 2021

A 401(k) is a fabulous tool for savvy retirement savers, and it’s a great idea to get a jump on your retirement contributions early in the new year. With the beginning of 2021 comes a fresh start... Read more >

Category: General Business

Roth IRA Contribution Rules: The Comprehensive Guide

Source: reportdoor.com - Jan 23, 2021

Roth IRA Contribution Limits Anyone of any age can contribute to a Roth IRA, but the annual contribution cannot exceed their earned income. Let’s say that Henry and Henrietta, a married couple... Read more >

Category: General Business

SSA FAQ Section

Source: ssa.gov - Jan 23, 2021

I received a letter claiming to be from the Social Security Administration (SSA) with an 800# I do not recognize. Is it really from SSA? Date: January 21, 2021 We routinely release outreach... Read more >

Category: General Business

Before Filing Your 2020 Taxes, Here Are Answers to Some Common Questions

Source: wsj.com - Jan 23, 2021

ith the April 15 tax deadline less than three months away, here are answers to a few reader questions. The Internal Revenue Service will begin accepting and processing federal tax returns on Feb.... Read more >

Category: General Business

10 steps to start your business

Source: sba.gov - Jan 22, 2021

Starting a business involves planning, making key financial decisions, and completing a series of legal activities. Scroll down to learn about each step. click source to read article Read more >

Category: General Business

A Coast priest called Biden ‘an embarrassment to Catholicism.’ Did he break IRS rules?

Source: sunherald.com - Jan 22, 2021

On Sunday, a Bay St. Louis priest took the pulpit at Our Lady of the Gulf Catholic Church to deliver a homily entitled “Joe Biden is an embarrassment to Catholicism.” The Rev. Michael... Read more >

Category: General Business

$730M Powerball jackpot winner faces single-digit state tax rate

Source: foxbusiness.com - Jan 22, 2021

A Maryland resident was the lucky winner of Wednesday’s $731.1 million Powerball jackpot, the fourth-largest in the game’s history. The good news for the winner, who purchased the ticket in... Read more >

Category: General Business