News

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

Yellen: Offshoring tax penalty would incentivize US companies to ‘create and maintain jobs at home’

Source: foxbusiness.com - Jan 22, 2021

President Biden's nominee for treasury secretary, Janet Yellen, said Thursday that the president's "offshoring tax penalty" would incentivize U.S. companies to "create and maintain jobs at home."... Read more >

Category: General Business

First 100 days of Biden, Obama, Clinton: Escalating spending to address economic challenge

Source: foxwilmington.com - Jan 21, 2021

The first 100 days of a two-term presidency mark about 3% of the eight-year span, but since President Franklin Delano Roosevelt, this brief early window of opportunity has been used to judge a new... Read more >

Category: General Business

The Recovery Rebate Credit: Get Your Full Stimulus Check Payment With This Tax Credit

Source: kiplinger.com - Jan 21, 2021

The "recovery rebate" tax credit and stimulus checks are two parts of the same thing. The way the law is written, both the first ($1,200) and second ($600) stimulus checks were simply advance... Read more >

Category: General Business

IRS explains extended payroll tax due dates

Source: journalofaccountancy.com - Jan 21, 2021

The IRS has issued guidance (Notice 2021-11) to address how employers who elected to defer certain employees’ payroll taxes can withhold and pay the deferred taxes throughout 2021 instead of just... Read more >

Category: General Business

Louisiana income forecast assumes slow recovery in pandemic

Source: neworleanscitybusiness.com - Jan 21, 2021

Louisiana officials Tuesday set a conservative estimate for next year’s income forecast that anticipates the state’s economy will remain sluggish amid a halting recovery from the coronavirus... Read more >

Category: General Business

Tax and Regulate

Source: city-journal.org - Jan 20, 2021

Joe Biden campaigned last year as both a moderate and a progressive. As he prepares to take the oath of office on Wednesday, discerning the policy direction of his new administration seems clear... Read more >

Category: General Business

President-elect Biden’s COVID plan includes tax cuts for parents

Source: wafb.com - Jan 20, 2021

BATON ROUGE, La. (WAFB) - President-elect Joe Biden’s $1.9 trillion coronavirus aid package includes billions in temporary tax cuts for working parents that could cut child poverty by as much as... Read more >

Category: General Business

States with the Lowest Taxes and the Highest Taxes

Source: sportsgrindentertainment.com - Jan 20, 2021

“Location, location, location” is a focus that applies to more than just housing. Where you live can help or hinder your ability to make ends meet. A myriad of taxes — such as property,... Read more >

Category: General Business

The Social Security retirement age could change. What that could mean for benefits

Source: cnbc.com - Jan 20, 2021

Many retirees count down the days until they are eligible for Social Security benefits. But that age could change as lawmakers look to improve the program’s financial outlook. Social... Read more >

Category: General Business

Military Tax Credits

Source: militarybenefits.info - Jan 19, 2021

There are tax breaks and tax credits available to military members and their families to help offset the common financial burdens of service. Military and their families are often tasked with... Read more >

Category: General Business

State Tax Changes Effective January 1, 2021

Source: taxfoundation.org - Jan 19, 2021

Key Findings Twenty-six states and the District of Columbia had notable tax changes take effect. Arkansas and Iowa reduced their corporate income tax rates and made other substantive... Read more >

Category: General Business

4 Reasons I've Paid More in Taxes Than I Strictly Needed To

Source: fool.com - Jan 19, 2021

As a general rule, the more of your hard-earned income that you keep, the easier it is to save, invest, and build wealth. Tax minimization strategies are typically a great way to enable you to... Read more >

Category: General Business