Month: April 2019

Are we headed for another spending showdown? President Trump wants a quick year-long budget bill that freezes spending at current levels—at least that may be the latest White House negotiating position. In the past, the president has insisted on more money for the Pentagon and, of course, his southern border wall.  Senate Majority Leader Mitch
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Accounting has evolved and if you are not keeping up with the latest advances, chances are your clients won’t be satisfied or they may drop you entirely. With new and more stringent regulations being imposed, along with the advent of cloud computing and escalating competition, you have to stay ahead of the curve to flourish.
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In the U.S. economy, there are tens of millions of businesses, including more than 30 million pass-through businesses and more than a million C corporations. These firms are spread throughout a variety of industries, providing services and producing goods. Understanding how much firms produce and how many workers firms employ within each industry can help
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More and more Democratic presidential hopefuls are adopting a single-payer health care stance, which could be devastating for any player in the health insurance business, CNBC’s Jim Cramer said Monday. Following the lead of Bernie Sanders, the independent Vermont senator who is one of the biggest mouthpieces advocating for “Medicare for All,” about eight candidates
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A new working paper from the International Monetary Fund (IMF) by economists Serhan Cevik and Fedor Miryugin shows that taxes have an economically important effect on whether firms survive in the marketplace. Amid concern by policymakers and scholars over the fall in business dynamism in the United States, the authors examine whether taxation influences how
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Abusive Tax Shelters jda The U.S. Department of Justice has announced that it has obtained a permanent injunction against Michael L. Meyer (“Mike Meyer) of Florida from selling his “Ultimate Tax Plan” which used so-called Charitable LLCs and Charitable Limited Partnerships as part of an abusive tax scheme. The permanent injunction is very broad: Meyers
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If you think the market’s record rally this year is feeding demand for companies with risky balance sheets splurging on everything from capital expenditure to share buybacks, Goldman Sachs said you are wrong. Corporate America has ramped up its cash spending thanks to the corporate tax cut, but the spending isn’t making the companies more
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Within hours of the emergence of compromise language, legislation enacting a “soft cap” on property taxes passed both chambers of the Iowa legislature last week. The amendments, designed to assuage the concerns of localities that a “hard cap” would unduly limit local budget authority, require any property tax rates anticipated to increase collections by more
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses delaying till 70 or filing now to try to lock in benefits amounts even if they’re lower, potential availability of divorced spousal benefits, earnings Social Security credits, and when
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