[credit provider=”daveybot via Flickr” url=”http://www.flickr.com/photos/davemorris/5201857996/”] As tax season begins, you should look for all the deductions you can find.Don’t overlook the one for home office expenses.
[credit provider=”flickr: Lance Neilson” url=”http://www.flickr.com/photos/wactout81/5261826705/”] For those of you who have yet to file your taxes, you might be holding off because you’re scrambling to find certain documents.Here’s what to do if you can’t find some of them:
[credit provider=”Getty Images / Ronald Martinez”] Singer Mary J. Blige allegedly owes $900,000 in back taxes in New Jersey, according to documents acquired by TMZ.This isn’t the first time Blige has found herself deep in financial trouble.
Last May, investor Mark Dow wrote a fantastic post on his blog titled: Reagan’s Gone. You’re Old. Get Over it.
[credit provider=”riendeep/statigr.am” url=”http://statigr.am/p/344812458244043533_46534347″] Since credit debt isn’t exactly considered an income-booster, it’s no wonder so many consumers forget how closely credit and taxes are intertwined.Just ask the Citibank credit card customers who were stunned when the company suddenly decided to tax their frequent flier rewards, or the 6.4 million taxpayers estimated […]
Climate change is a new addition to the 30 “high” risks confronting federal government finances, according to a report issued Thursday by the Government Accountability Office.
[credit provider=”By Justin Sullivan/Getty Images”] CIVILISATION works only if those who enjoy its benefits are also prepared to pay their share of the costs. People and companies that avoid tax are therefore unpopular at the best of times, so it is not surprising that when governments and individuals everywhere are […]
[credit provider=”Glassdoor” url=”http://www.glassdoor.com/Photos/Microsoft-Office-Photos-E1651.htm”] Tax season is no walk in the park for the self-employed who have to pay their own payroll tax, in addition to their own income tax.What’s more, in many cases, tax information can become quickly outdated, sometimes within a year.
[credit provider=”Scott Olson/Getty Images”] There’s a new report that attempts to paint Facebook as a giant tax-dodger.The Citizens for Tax Justice says Facebook got a $429 million tax refund from the U.S. government, despite the fact that it earned over a billion dollars in profits for 2012.
If you want to get your tax refund as soon as possible, forget about paper.
[credit provider=”Brian Tomlinson via flickr” url=”http://www.flickr.com/photos/brian_tomlinson/5456398772/sizes/o/in/photostream/”] The Social Security trust fund is expected to be exhausted in 2033. After that, there will be enough tax revenue coming in to pay out about three quarters of promised benefits.However, a few changes to the system could prevent these steep benefit cuts.
[credit provider=”AP”] Cisco has $46 billion in cash, but CEO John Chambers says he is no longer willing to use it to acquire U.S. companies.That’s because 80 per cent of that cash is stored in overseas accounts and if Cisco spends it in the U.S., the company will have to […]
In this edition of our Motley Fool Conversations series, Fool personal finance expert Dayana Yochim and retirement planning analyst Dan Caplinger discuss the ins and outs of Roth IRAs.
[credit provider=”statigr.am/stephtadeath” url=”http://statigr.am/p/345266454138423784_8039577″] Taxes are due April 15, which means it’s time to start gathering your W2s, 1099s, child care receipts and bank statements.But before you sit down with your accountant, it’s important for you to know that merely owning a home could mean you qualify for tax breaks.
If economist Paul Krugman were king, how high would taxes be as a per cent of GDP and who would pay them, asked Business Insider editor-in-chief Henry Blodget in a recent interview.
[credit provider=”Ã‰amonn via flickr” url=”http://www.flickr.com/photos/[email protected]
/441161585/”] Two of the lesser known and least understood provisions of the fiscal cliff legislation will raise taxes on high-income taxpayers by phasing out personal exemptions and the amount of itemized deductions wealthy taxpayers are allowed in 2013.The set of rules, dubbed personal exemption phase-out (PEP) and Pease […]
[credit provider=”(Photo by Clive Mason/Getty Images)”] The government’s otherwise inadequate proposals on funding social care have set me thinking about Tamara Ecclestone.Their plans involve a proposal, to increase inheritance taxes by freezing the threshold above which tax is paid. The raises the under-explored question of the desirability of such taxes.
[credit provider=”statigr.am/rakelarneson” url=”http://statigr.am/p/334138372917288964_2986015″] According to the IRS, filing your taxes by mail can mean waiting six to eight weeks for your refund from the date the return was received.But these days there’s a faster way: using tax apps to e-file from your smartphone.
Do it yourself with paper and pencil, use software, or pay a professional: As long as it’s accurate, the IRS doesn’t care how you file a tax return.
[credit provider=”Flickr via perspective” url=”http://www.flickr.com/photos/perspective/5626577929/in/photostream/”] I recently had a conversation with a friend who was moving and said she preferred to live in Maryland than in D.C. because D.C. residents pay higher taxes. She wasn’t the first local to tell me that. But is this claim true?It appears in this […]
[credit provider=”flickr/proimos” url=”http://www.flickr.com/photos/proimos/5903814634/”] (Reuters) – Calling them “tax cheats” and their lawsuit a “travesty,” a U.S. appeals court threw out an effort by some American customers of UBS AG to recover damages over bank services that resulted in their having evaded U.S. taxes.The decision by the 7th U.S. Circuit Court […]
[credit provider=”Shutterstock.com”] There’s no better evidence of the growing chasm between America’s rich and poor than state tax rates. On average, the nation’s lowest-income residents pay tax rates that are twice as high as the wealthiest 1 per cent of taxpayers, according to a new report by The Institute on Taxation and Economic Policy.
[credit provider=”Max Nisen/Business Insider”] At the Atlantic’s conference today on “Manufacturing ‘s Next Chapter,” National Association For Manufacturing CEO Jay Timmons made a robust case that despite the good news we’re hearing about manufacturing in the United States, we’re continually shooting ourselves in the foot. Timmons argued that while infrastructure, immigration […]
[credit provider=”lazurite via Flickr” url=”http://www.flickr.com/photos/lazurite/3486691753/”] Everybody knows how to find a CPA. But very few know how to find a good CPA.And having a good CPA can make all the difference.
[credit provider=”PGATour.com”] Some of the wealthiest Californians are threatening to pack up and leave over a newly adopted federal and state income tax hike.As it stands, the richest residents in the state pay up to 51.9 per cent of their income in federal and state taxes combined — the highest […]
[credit provider=”CNBC Screenshot”] Investing errors come in all shapes and sizes. Some mistakes are timeless, such as not investing at all, while others are specific to events and circumstances.For instance, economic and investing conditions over the past few years represent something of an extraordinary time, beginning with the stock market […]
[credit provider=”AP”] When President Obama won in November the electorate also rendered a verdict on the priorities of the two major political parties.Democrats, most voters believe, are more concerned with the plight of the middle class than Republicans, who ran on a platform of actually lowering income taxes on wealthy […]
The tiff between the country’s two largest economies has escalated, with California Governor Jerry Brown brusquely dismissing Texas Governor Rick Perry’s latest ad campaign to swipe Golden State business.
According to the OECD, the U.S. statutory corporate tax rate is 39 per cent. This is a combination of the 35 per cent federal statutory rate and a weighted average of state marginal income tax rates.
[credit provider=”McPig/Flickr” url=”http://www.flickr.com/photos/mcpig/2323977193/sizes/m/”] We know why you’re here.It’s OK–fearing tax season is perfectly reasonable because when it comes to deductions, credits and filing status, there’s a lot to learn–and mess up. (Don’t shoot the messenger! Write to Congress!)
[credit provider=”Flickr via sloth_rider” url=”http://www.flickr.com/photos/sloth_rider/392367929/in/photostream/”] With tax season officially underway, plenty of taxpayers will decide to outsource the job to paid professionals. But just because they walk like a tax professional, sound like a tax professional, and look like a tax professional, doesn’t mean he or she is the right person […]
[credit provider=”Wikimedia Commons” url=”http://upload.wikimedia.org/wikipedia/commons/1/1f/Mountrushmore.jpg”] South Dakota’s taxes are among the best for wealthy Americans –– so low that the state nabbed the No. 3 spot in a new tax report released by the Institute on Taxation on Economic Policy.The state’s wealthiest 1 per cent of residents, who earn an average annual […]
[credit provider=”Joann Kim via Flickr ” url=”http://www.flickr.com/photos/joannkim/6851503775/”] Tax season is finally here – the IRS began accepting returns on Jan. 30. But before you rush to make an expensive appointment, check out cheaper options.Estimates suggest Americans spend more than $100 billion a year on tax preparation.
[credit provider=”Flickr via kunjandetroja” url=”http://www.flickr.com/photos/kunjandetroja/6950013060/in/photostream/”] A lot of your tax decisions depend on your relationship status.So if you just got married in 2012, mazel tov! Things are about to change for you—and one of those changes involves your taxes.
Why does the wealthiest man in America live in Washington?The answer –– or at least part of it –– is in a report released this week by the Institute on Taxation and Economic Policy.
[credit provider=”Flickr / Mariia Kravtsova I EamArt” url=”http://www.flickr.com/photos/pasportit/6109979586/in/photostream/”] Social Security has gone from being a minor supplement for workers who had already made their own arrangements to save for their old age to the key financial support for tens of millions of retirees.With so much riding on your benefits, you […]
[credit provider=”flickr: SAN_DRINO” url=”http://www.flickr.com/photos/san_drino/1454922072/”] Americans are known to bristle come April 15, but nearly 240 years after the founders threw a Boston Tea Party to protest unfair taxes, citizens are using less dramatic – but no less creative – ways to test the tax code. Modern-day challenges often end in […]
John Nelson and the wizards at IDV Solutions have created a series of maps plotting economic data (via AGS) by Census county level.
[credit provider=”Lara604 / Flickr, CC” url=”http://www.flickr.com/photos/lara604/4748889007/sizes/l/in/photostream/”] Technology giant Apple shuttled $11bn (£7bn) into offshore tax havens in the fourth quarter of 2012, an analysis of its corporate filings has revealed.The iPad maker has slashed its tax bill by paying less than 2pc on its overseas profits, as it moves money […]
[credit provider=”flickr: adamsmithjr” url=”http://www.flickr.com/photos/[email protected]
/1381459920/”] Despite the American Taxpayer Relief Act of 2012 passed in January, the government is still tasked with how to cut spending and reduce the deficit.As a result, Certified Public Accountant David Wolfson, a partner in the accounting and consulting firm Schulman Lobel Wolfson Zand Abruzzo Katzen […]
[credit provider=”Instagram/rodrigoorizzi” url=”http://statigr.am/viewer.php#/detail/364505087790596378_16921327″] Taxes are inconvenient, unavoidable, time-consuming, and can be frustrating.And while most of us would rather be doing just about anything else, Money Talks News founder Stacy Johnson has a few ideas to help you get through filing faster this year by planning ahead.
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/blackstone-ceo-sees-private-equity-opportunities-pl8w3CQVQDmTH9G6p2SC0Q.html”] Billionaire private equity tycoon Steve Schwarzman, the CEO of Blackstone, spoke with Bloomberg TV’s Erik Schatzker at the World Economic Forum in Davos, Switzerland covering a gamut of topics from taking Dell private to taxes.He told Bloomberg TV that Blackstone didn’t even look at Dell explaining, “this isn’t […]
“Taxation without representation” says the text under the Washington, DC licence plate of President Obama’s inaugural limo. Citizens of DC argue they are not represented when the Congress decides on their taxes. One has to ask how well the rest of us are represented. We will get to that with […]
[credit provider=”statigr.am/nayaraitt” url=”http://statigr.am/p/322951570121464823_229499005″] Dipping into your 401(k) plan is tantamount to journeying into the future, mugging your 65-year-old self, and then booking it back to present day life. And still, it turns out one in four workers resorts to taking out 401(k) loans each year, according to a new report by […]
[credit provider=”Brendan Hoffman/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/house-speaker-john-boehner-speaks-at-the-2012-fiscal-summit-news-photo/144534674″] House Speaker John Boehner has struggled to lead his Republican majority in the face of challenges from a hard core of conservative newcomers who are demanding a much harder line against President Obama and the Democrats on spending cuts, and tax and entitlement reform. This is a […]
[credit provider=”statigr.am/laurenvrussie” url=”http://statigr.am/laurenvrussie”] Every January, American taxpayers look forward to tax season with one of two feelings: horror or happiness.Horror, of course, applies to those expecting to owe Uncle Sam a chunk of change. And then there are the happy households that will divvy up the estimated $230 billion the […]
[credit provider=”Rob Libetti/Business Insider”] In October 2009, New York Times reporters Tara Siegel Bernard and Ron Lieber compared a hypothetical married couple with an equivalent-earning unmarried gay couple, to see just how much difference those extra privileges made.Here’s what they found:
The countdown to tax season is officially underway, and employees should have their W-2 in the mail by Jan. 31.
Louisiana Governor Bobby Jindal has proposed an overhaul of taxation for the state of Louisiana that has many worried about the impact it could have on that state’s low income citizens.
Happy New Year to all.
[credit provider=”tboothhk at www.flickr.com” url=”http://www.flickr.com/photos/tombooth/1406497289/”] January 10, 2013 Santiago, ChileLately I’ve had a ton of friends and family writing me about visiting Chile.
[credit provider=”AP”] Louisiana Gov. Bobby Jindal is proposing the complete elimination of income and corporate taxes in the state, and says he wants to replace the revenue by increasing sales taxes.The Times-Picayune reported that Jindal is in the process of fleshing out the tax reform proposal, the goal of which, […]
[credit provider=”Shutterstock” url=”http://www.shutterstock.com/gallery-842284p1.html”] Between recovering from holiday parties and starting your many resolutions, we know that you have a lot on your plate right now.Since we want to make it easy for you to have your best financial year yet, we’ve put together a comprehensive calendar of all the things […]
There is a vehement and polarised debate going on in this country about our budget deficit.
[credit provider=”National Archives & Records Administration”] America’s government is full of oddities, and here’s one: it is possible for the government to pass spending and tax bills which lead to an illegal amount of accumulated debt.The government’s borrowing results from all the tax and spending choices made by past and […]
[credit provider=”AFP”] Gerard Depardieu has failed to turn up to face drunk driving charges as his row with the government over taxes rumbles on.Depardieu, whose flight into tax exile has embarrassed French President Francois Hollande as he seeks to impose a 75-per cent upper income tax, had been due to […]
[credit provider=”siyanor.com”] By now you’ve probably heard Russian President Vladimir Putin has bestowed Russian citizenship upon Gérard Depardieu as part of the French actor’s quest to seek refuge from his country’s onerous income taxes.It’s a pretty funny situation.
If you attended undergraduate, graduate, and professional school this year, you may be eligible for a tax break. The IRS offers tax deductions and tax credits for college students that either reduce taxable income or lower your tax bill. The American Opportunity Credit allows students earning less than $US80,000 to […]
[credit provider=”YouTube/Morningstar” url=”http://www.youtube.com/watch?v=xereukATFC8″] The fiscal cliff saga was just one round in larger debate the country is having about the size of the federal government and who should pay for it.This morning, hedge fund billionaire Cliff Asness through his two cents in with an op-ed in The American that would […]
This handy table from the Washington Research Group shows just how inefficient the US tax code is.
[credit provider=”Instagram/j3nn1f3rlovesu” url=”http://statigr.am/p/327767922317479137_190805018″] Americans’ paychecks are getting smaller.That’s because the “fiscal cliff” bill didn’t extend the 2 per cent Social Security tax holiday we’ve had since 2009.
[credit provider=”Flickr/whatleydude” url=”http://www.flickr.com/photos/whatleydude/6205610856/”] Now that Washington has talked American investors down from the fiscal cliff, what will be the market’s next obsession?And how might people invest for a new normal where tax rates have been decided, but everything from worldwide growth to the fate of Europe’s economy remains in flux?
50 pages into the fiscal cliff avoidance bill, Congress renewed the legal loophole that tech companies, pharmaceutical developers and medical technology companies use to avoid taxes.
[credit provider=”BIGGxDAWG210/YouTube” url=”https://www.youtube.com/watch?v=oeQiQY19wFg”] Five companies that make semiautomatic weapons have gotten $19 million in tax breaks from nine states within the past five years, according to the Maine centre for Public Interest Reporting.Semiautomatic weapons, also known as self-loading rifles, can shoot relatively quickly and were largely restricted in the U.S. […]
[credit provider=”West Coast Green” url=”http://www.westcoastgreen.com/ee/index.php/press-room/image-med/274/”] Amazing detail in Brian Stelter’s reporting on the sale of Current TV to Al-Jazeera:Al Jazeera did not disclose the purchase price, but people with direct knowledge of the deal pegged it at around $500 million, indicating a $100 million payout for Mr. Gore, who owned […]
[credit provider=”Instagram/tanyamontanacoe” url=”http://statigr.am/viewer.php#/detail/360134357441157835_263563173″] 1. Beware the $740-a-year ‘stealth’ taxWhile the fiscal deal makes permanent the Bush-era tax cuts, thus averting the biggest tax increases that would have gone into effect in 2013, it didn’t extend the second biggest one.
[credit provider=”AP”] The basic Republican lie about taxes is that money (or wealth) is taxed. It’s not.What is taxed is instead the transfer of money (or wealth). There’s a big difference.
[credit provider=”AP”] After passing through the Senate on Monday, the House of Representatives approved legislation ending the fiscal cliff standoff late Tuesday.It was passed by 257-167 votes, as 85 Republicans voted yes alongside 172 Democrats.
While the people most impacted by the deal to avert the fiscal cliff are couples making more than $450,000 per year and individuals making more than $400,000 per year, everyone’s taxes are going up nonetheless compared to 2012.
[credit provider=”AP”] For all the haranguing about what the fiscal cliff could do to Wall Street’s wealthy, now that the deal’s been done, it actually looks like things didn’t work out so badly for them.Think about the issues that really matter to the financial world — capital gains (especially carried […]
Click here to read Mike Arrington’s post >>
[credit provider=”AP”] To listen to all the moaning out of the House of Representatives yesterday, you could be forgiven for thinking that the Republicans are losing the fiscal battle in Washington.
[credit provider=”AP”] Thanks to last night’s Fiscal Cliff deal, we an now put to bed the term “The Bush Tax Cuts.”As of now, they’re the Obama Tax Cuts.
With the House prepared to vote on the Senate fiscal cliff bill orchestrated by the White House and Senate Minority Leader Mitch McConnell, conservatives are railing against GOP House Speaker John Boehner for caving on the deal.
[credit provider=”AP”] Taxes increased for almost all Americans at midnight last night.Since then, half of the American government, the Senate, approved a bill that would cut taxes for many of those Americans.
[credit provider=”AP”] Most of the attention around the Fiscal Cliff has been focused on income taxes.The way the deal went down, a tiny portion of American taxpayers — households that earn more than $450,000 per year — will see their income taxes rise modestly, from 35% to 39.6%.
At this point, it looks like capital gains taxes are going up tomorrow.
[credit provider=”AP”] Congress has apparently reached agreement on new tax rates to avoid the Fiscal Cliff, although they’re still fighting about spending cuts.The details on taxes are still leaking out.
[credit provider=”AP”] After a LONG day that ended around 2 AM on Tuesday, the Senate has overwhelmingly voted to approve a Fiscal Cliff deal, sending legislation for final approval in the House.There was a little nervousness that liberals might not be on board the deal, but the bill passed easily […]
Yesterday, I posted a chart that shows why I blame the Republicans for the lack of a fiscal cliff deal.
[credit provider=”AP”] The Democrats made several key concessions yesterday in the Fiscal Cliff negotiations.As a result, the two sides are absurdly close together. If we don’t get a deal at this point, the entire country will be justified in being outraged.
South Carolina Republican Sen. Lindsey Graham admitted defeat over the fiscal cliff Sunday, saying that there is an “exceedingly good” chance the Senate will pass a narrow bill that will raise taxes on wealthy Americans.
[credit provider=”YouTube” url=”https://www.youtube.com/watch?v=VWLylAuLO2k”] Former Mitt Romney economic advisor Greg Mankiw admits something that he probably would never have said during the campaign: Middle class tax rates can’t be set in stone. They might have to rise, too.In a column at the NYT, Mankiw argues that if we’re going to get […]
[credit provider=”PR handout”] Because the “fiscal cliff” will not stop for death, it looks as if death’s carriage may make a “kindly” stop to pick up some American millionaires this year, to paraphrase Emily Dickinson.In 2010, after a year in which the estate tax was zeroed out altogether, Congress passed a law […]
[credit provider=”statigr.am/fredpears” url=”http://statigr.am/p/356510603314616304_24248732″] To quote Benjamin Franklin, “Nothing in life is certain but death and taxes.” There’s usually more work involved for small businesses than for individuals when it comes to filing taxes, but that doesn’t mean it has to be more daunting.We spoke to Greg Jones, CEO of the […]
[credit provider=”Ulrich Joho/Flickr” url=”http://www.flickr.com/photos/[email protected]
/4084165684/sizes/z/”] Because the “fiscal cliff” will not stop for death, it looks as if death’s carriage may make a “kindly” stop to pick up some American millionaires this year, to paraphrase Emily Dickinson.In 2010, after a year in which the estate tax was zeroed out altogether, Congress passed a […]
[credit provider=”Business Insider, St. Louis Fed” url=”www.businessinsider.com/”] Yesterday, I pointed out how, in a stubborn attempt to avoid raising taxes on the richest 2% of Americans, the Republicans in Congress have essentially agreed to raise taxes on everyone.The Republicans have done this by refusing to accept President Obama’s attempt at […]
[credit provider=”AP”] If you are as cynical as I am, I know you are not surprised that Facebook paid Irish taxes (via Tax Justice Network) of about $4.64 million on its entire non-US profits of $1.344 billion for 2011.* This 0.3% tax rate is a bit below the normal, already […]
[credit provider=”Shutterstock” url=”http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=falling&search_group=&orient=&search_cat=&searchtermx=&photographer_name=&people_gender=&people_age=&people_ethnicity=&people_number=&commercial_ok=&colour=&show_color_wheel=1#id=39140383&src=89fae4d754b2d4d71a1c9385ed4d76a6-1-53″] The “fiscal cliff” – that perfect storm of mandatory budget cuts, expiring tax cuts, and new taxes – looms with all the finality of a New Year’s countdown clock.Unless Congress acts by Jan. 1, $600 billion to $800 billion would be cut from the federal deficit. Such […]
[credit provider=”Flickr / Rosie O’Beirne” url=”http://www.flickr.com/photos/rosieobeirne/4090200698/in/photostream/”] As 2012 draws to a close, people in or nearing retirement face a stunning set of uncertainties about their finances and even basic health and retirement benefits.Congress has left Washington for the Christmas break without passing any measures to delay or soften the effects […]
[credit provider=”Brendan Hoffman/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/house-speaker-john-boehner-speaks-at-the-2012-fiscal-summit-news-photo/144534674″] The inside line from Washington is that there will be no Fiscal Cliff deal before the end of the year.That’s not surprising. Unfortunately, it always seemed unlikely that our politicians would agree to any vote that could be framed as them having voted to “raise […]
[credit provider=”Business Insider”] The looming fiscal cliff has drawn a lot of attention to the tax rates that people across the country pay.Proposals to raise rates on the highest-income taxpayers have gotten plenty of praise from the majority of middle-class Americans, a group hit hard by the recession. But people […]
[credit provider=”Courtesy of The Wrap” url=”http://www.thewrap.com/movies/sites/default/files/imagecache/scale_height_640_480/BHHC_5%202.jpg”] A common argument you hear from conservatives is that raising taxes on the rich is a joke of a deficit reduction proposal, because it hardly makes a dent in the deficit.According to CNBC, reverting to Clinton-era levels would just get you about $40-$45 billion […]
[credit provider=”AP”] There has been a vast and important change of mind among the electorate, regarding the issue of taxes.On 13 July 2012, McClatchy Newspapers headlined “Poll: Majority Want Tax Cuts for All, Even the Wealthy,” and reported that, “A majority of Americans [who are registered to vote] want the Bush tax […]
[credit provider=”Andres Nordgreen Fierro”] Accounts filed by Facebook Ireland this week show that the social media giant funneled £440m into an Irish sister company in 2011, which then shifted the money into a subsidiary in the Cayman Islands.The move forms part of a complex tax structure known as a “Double […]
Technically, the GOP and Obama can get a Fiscal Cliff deal without the Republicans agreeing to raise taxes.
[credit provider=”AP”] President Barack Obama and House Speaker John Boehner made it clear Wednesday that talks have broken down over how to avoid the fiscal cliff, regressing to political posturing just when it seemed like a deal could be imminent. The showdown centres around Boehner’s decision to call a floor vote […]
[credit provider=”AP”] Most of the attention around the tax hikes that are scheduled to hit on January 1st has been focused on income taxes.The Bush tax cuts are set to expire, and unless we get a deal on the Fiscal Cliff, this will mean that the top-bracket income tax rate […]
[credit provider=”China Photos/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/broken-clock-features-in-the-work-by-sculptor-sun-shaoqun-news-photo/77248291″] As we come to the end of another year, the thoughts of families, business executives and entrepreneurs drift to tax preparation.The usual approach is to maximise deductions and postpone revenue recognition if possible.
[credit provider=”Coalition To Reduce Spending”] With Republicans preparing to cave on White House demands to raise taxes, GOP House leaders have adjusted their focus to the other side of the government balance sheet, and demanding specific and substantial budget cuts be included in any fiscal cliff deal. The shift represents a broader […]