News / General Business

Here's your tax bill if you hit the $348 million Powerball or $267 million Mega Millions jackpots

Source: cnbc.com - Mar 1, 2019

If you have dreams of hitting the jackpot in the next Powerball or Mega Millions drawing, remember that a big slice of what the lottery giveth, the taxman taketh away. With no one nabbing the top... Read more >

Category: General Business

7 Ways To Get A Jump On Your 2019 Income Taxes Before Putting Away Your 2018 Return

Source: forbes.com - Mar 1, 2019

Headlines say many people were surprised by their 2018 tax bills. Some paid less than they expected because of the 2017 tax law, but others were disappointed with their savings or paid higher... Read more >

Category: General Business

After slow start, tax refunds are ticking up, with the average check now more than $3,000

Source: cnbc.com - Mar 1, 2019

Close to a month into tax season, tax refunds are starting to increase. The average check is now $3,143 for the week ended Feb. 22, according to the IRS. That's just about on par with last year's... Read more >

Category: General Business

Jackson Square artists need to renew their permits

Source: wgno.com - Feb 25, 2019

NEW ORLEANS – Next Thursday, January 31, is the deadline for artists to get the necessary permits to sell their work in or near Jackson Square. The City of New Orleans wishes to remind all... Read more >

Category: General Business

Americans shocked by impact of new tax law: "My jaw hit the floor"

Source: cbsnews.com - Feb 25, 2019

Wait, I owe the IRS? The first tax filing season under the new federal tax law is proving to be surprising, confusing — and occasionally frightening — for some Americans, especially those... Read more >

Category: General Business

Tax Credit For The Elderly Or Disabled

Source: postbulletin.com - Feb 23, 2019

If you are over age 65 or are retired due to a disability, you may be eligible for a separate tax credit designed to help the nation's seniors and disabled. Even better than a deduction, the Senior... Read more >

Category: General Business

Amending Your Taxes? Be Careful With IRS

Source: forbes.com - Feb 23, 2019

Can you amend your taxes if you forgot something or made a mistake? Sure. Should you? It depends. You must file a tax return with the IRS each year if your income is over the requisite level. In... Read more >

Category: General Business

How to Hire Employees: A Checklist

Source: squareup.com - Feb 22, 2019

Ready for some additional help but not sure how to hire employees? Congrats, bringing on staff is a huge milestone. When thinking about how to hire your first employee, your fiftieth, or some... Read more >

Category: General Business

Here are 5 ways the super-rich manage to pay lower taxes

Source: cnbc.com - Feb 22, 2019

The more money you make, the more taxes you pay — right? Not necessarily. While the U.S. tax code is structured so that high earners pay a higher tax rate, the ultra-wealthy often take... Read more >

Category: General Business

Democrats ask IRS for info on redesigned 1040

Source: accountingtoday.com - Feb 22, 2019

A pair of Democratic leaders on the House’s tax-writing Ways and Means Committee have sent a letter to the Internal Revenue Service requesting details on the newly streamlined Form 1040 and the... Read more >

Category: General Business

Unusual But Legitimate Tax Breaks

Source: efile.com - Feb 21, 2019

The United States tax code allows for many unusual but legitimate tax deductions and tax credits. Below are some of the noteworthy tax breaks that have been successfully claimed. Some of these... Read more >

Category: General Business

How long should it take to get my tax refund this year?

Source: usatoday.com - Feb 21, 2019

Many taxpayers are anxiously awaiting this year’s tax refund that they hope to use to pay down debt, pad their savings or make a big purchase. Historically, almost three-quarters of Americans... Read more >

Category: General Business

IRS Activities Following the Shutdown

Source: irs.gov - Feb 21, 2019

The IRS has reopened following the end of the government shutdown, and IRS employees are working hard to resume normal operations and help taxpayers as much as possible. As the IRS resumes... Read more >

Category: General Business

IRS Taxes Colin Kaepernick's NFL Settlement, Here's Why

Source: forbes.com - Feb 20, 2019

The news that Colin Kaepernick and the NFL settled their collusion case has been replaced by talk about who “won,” and speculation about just how much money changed hands. The details are not... Read more >

Category: General Business

Trump’s shutdown could hinder tax collectors for ‘months, and even years’

Source: washingtonpost.com - Feb 20, 2019

President Trump’s partial government shutdown is over, but the haunting effects are not. Perhaps nowhere is that demonstrated more than in the Internal Revenue Service, one agency that affects... Read more >

Category: General Business