News

Tax Season 2021: What You Need to Know

Source: daveramsey.com - Jan 5, 2021

If you’re like us, you probably never want to think about 2020 again. But there is one lingering ghost from last year that you need to get rid of before you can truly move on for good—and... Read more >

Category: General Business

The Covid relief bill will keep these tax breaks around even longer

Source: cnbc.com - Jan 5, 2021

Taxpayers will have another shot at a package of tax breaks that would have otherwise expired at the end of 2020. That’s because when lawmakers hammered out the 5,593-page Covid relief act, they... Read more >

Category: General Business

9 Oddball Tax Deductions Turbotax compiled the weirdest tax deductions allowed, from pet food to a trip to Bermuda to (we're not kidding) a girlfriend.

Source: thestreet.com - Jan 4, 2021

Can I deduct...? Admit it. As you've worked on your tax return and considered what might count as a deduction, you've taken a few flights of fancy. "Can I claim a deduction for all those blood... Read more >

Category: General Business

Four Important Employer Tax Credits for 2020

Source: cpapracticeadvisor.com - Jan 4, 2021

As 2020 draws to a close—finally—employers may take advantage of several tax credits for employee wages. Consider these four tax-saving opportunities created by recent tax legislation. 1.... Read more >

Category: General Business

Expecting a second stimulus check? These are your rights

Source: cnet.com - Jan 4, 2021

Now that the second stimulus check is being delivered by payment groups, tens of millions of Americans will receive up to $600 per person (here's how to calculate your total). Though there's a... Read more >

Category: General Business

These Tiny Last-Minute Tax Changes Could Be a Big Deal in 2021

Source: wsj.com - Jan 4, 2021

With taxes, small changes often add up to big differences—and major confusion. Last year Congress passed two important bills in response to Covid-19 that contain a slew of tax changes, with the... Read more >

Category: General Business

States Square Off Over Taxing Remote Workers’ Income

Source: wsj.com - Dec 24, 2020

The rise of remote workers during the Covid-19 pandemic has led to a showdown in the U.S. Supreme Court over which state gets to tax their income. More than a dozen states submitted legal briefs... Read more >

Category: General Business

Millions of Americans receiving unemployment aid could face surprise tax bill

Source: foxbusiness.com - Dec 24, 2020

Millions of out-of-work Americans who are collecting unemployment benefits as a result of the coronavirus pandemic could face an unpleasant surprise when they file their taxes next year. That's... Read more >

Category: General Business

Give Yourself a Last-Minute Tax Refund Boost Using This Strategy

Source: fool.com - Dec 24, 2020

There are only a few trading days left in the year. With the clock winding down on 2020, you may be limited in how much you can reposition your investments to get an increase in your overall rate... Read more >

Category: General Business

5 Significant Louisiana Tax Developments Of 2020

Source: law360.com - Dec 23, 2020

Law360 (December 22, 2020, 2:13 PM EST) -- Despite being under lockdown for most of the year, Louisiana has been very active in the Legislature and the courts regarding tax issues. Several... Read more >

Category: General Business

Millions of Americans Who Missed Out on Stimulus Checks Will Qualify Under New Deal

Source: newsweek.com - Dec 23, 2020

Millions of American citizens who were previously denied a stimulus check as an unintended consequence of the CARES Act will soon be eligible for a new round of direct payments, in addition to the... Read more >

Category: General Business

Trump throws Covid relief bill in doubt by asking Congress to amend it

Source: cnn.com - Dec 23, 2020

CNN)President Donald Trump on Tuesday said he is asking for changes to the coronavirus relief bill passed by Congress, leaving the future of the $900 billion stimulus in doubt. Trump's position... Read more >

Category: General Business

Folger’s Is Seeking $25 Million in Tax Breaks From New Orleans

Source: nola.eater.com - Dec 17, 2020

Welcome to p.m. Intel, your afternoon roundup of New Orleans food and restaurant news. Tips are always welcome, drop them here. The Folger Coffee Co., which has a plant in New Orleans East, is... Read more >

Category: General Business

Mayor Cantrell: No new restrictions to come in Orleans Parish

Source: fox8live.com - Dec 17, 2020

NEW ORLEANS (WVUE) - Orleans Parish will not face stricter restrictions after falling below the five percent mark in cases. Bar and restaurant owners can breathe a sigh of relief as doors can stay... Read more >

Category: General Business

Mardi Gras retailers feeling the effects of parade cancellations

Source: brproud.com - Dec 17, 2020

BATON ROUGE, La. (BRPROUD) – Mardi Gras parades are quickly getting canceled ahead of the 2021 season, creating some widespread effects that stretch down to carnival retailers. The beads are... Read more >

Category: General Business