News

Retirement Savings Left Largely Untouched by Tax Reform

Source: taxfoundation.org - Jan 15, 2018

While rumors flew around Washington in the fall that the Tax Cuts and Jobs Act would dramatically impact retirement accounts, the plan has made only a few minor modifications. Under the current... Read more >

Category: General Business

The Washington Times: “Tax cuts hit home”

Source: whitehouse.gov - Jan 15, 2018

This week Walmart, the nation’s largest retailer, became the latest major American corporation to celebrate the tax cut by granting its 1.5 million employees a well-deserved raise. … Walmart... Read more >

Category: General Business

Tompor: Tax refund advances often don't pay as much as the ads say

Source: omaha.com - Jan 15, 2018

People looking for fast cash to pay holiday bills, unexpected car repairs or skyrocketing heating bills are being bombarded with TV ads, window signs and other pitches for tax refund advances.... Read more >

Category: General Business

Everything Freelancers Need to Know About Their Big New Tax Break

Source: time.com - Jan 12, 2018

It’s not easy making your way in the gig economy. But the new tax law should take out some of the sting. The Tax Cuts and Jobs Act, signed by President Trump in December, aims to deliver cuts... Read more >

Category: General Business

Blue-State Tax Games Could Make the Rich Even Richer

Source: bloomberg.com - Jan 12, 2018

In liberal bastions like metro New York and California, the Trump tax overhaul has been criticized as economic warfare. But as elements of the plan come into focus, tax experts are concluding... Read more >

Category: General Business

Why your paycheck still doesn’t reflect the tax changes Congress just passed

Source: vox.com - Jan 12, 2018

Republican lawmakers hoped that public opinion on their tax bill would turn around once the law took effect on January 1. “In January the American people are going to see,” Sen. Ted Cruz... Read more >

Category: General Business

Retirement crisis: 37% of Gen X say they won't be able to afford to retire

Source: usatoday.com - Jan 10, 2018

Add Gen Xers to the long list of Americans who fear they won't have a sizable enough nest egg to retire. Nearly four out of 10 (37%) of Generation X — those born between 1965 and the late 1970s... Read more >

Category: General Business

Seattle attempts to impose morality with ridiculously high taxes on sugary drinks

Source: rare.us - Jan 10, 2018

Seattle has decided to impose a 1.75 cent per ounce tax on all sugary beverages within the city with the hopes of raising a $15 million revenue stream that it will use for programs to help people... Read more >

Category: General Business

Tax bill offers reprieve for Louisiana residents affected by 2016 floods

Source: theadvocate.com - Jan 10, 2018

WASHINGTON — Louisianans hit by the floods of 2016 should consider digging up last year's federal tax filings following the GOP-backed tax overhaul passed by Congress on Wednesday. Twin tweaks... Read more >

Category: General Business

Lower federal taxes mean higher state taxes for Louisiana residents

Source: nola.com - Jan 10, 2018

Is your federal income tax bill going down in 2018 as a result of the new law Congress passed? Well, that likely means your state income tax bill is automatically going up. State tax laws are... Read more >

Category: General Business

Tax reform prompts Visa to raise 401(k) match for employees

Source: cnbc.com - Jan 8, 2018

Global payment network company Visa said Monday it will strengthen contributions to employees' 401(k) savings plans, as a result of the recently passed Republican tax law. "Tax reform in the... Read more >

Category: General Business

Big Oil doesn't necessarily win big in Trump tax plan

Source: nola.com - Jan 8, 2018

For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas. Two weeks after President Donald Trump and congressional Republicans passed a... Read more >

Category: General Business

How low will your Entergy bill go from the federal corporate tax cut?

Source: nola.com - Jan 8, 2018

The New Orleans City Council is asking its regulatory advisers to evaluate how the recently approved federal tax law could benefit Entergy New Orleans -- and how it could translate into cheaper... Read more >

Category: General Business

Trump moves to vastly expand offshore drilling off U.S. coasts; Louisiana delegation welcomes move

Source: theadvocate.com - Jan 5, 2018

WASHINGTON — The Trump administration on Thursday moved to vastly expand offshore drilling from the Atlantic to the Arctic oceans with a plan that would open up federal waters off California for... Read more >

Category: General Business

Need someone to prepare your tax return?

Source: irs.gov - Jan 5, 2018

There are various types of tax return preparers, including certified public accountants, enrolled agents, attorneys, and many others who don’t have a professional credential. You expect your... Read more >

Category: General Business