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Moms are busy. That goes without saying. Between chauffering kids to activities and likely working a full-time job, finding extra time for anything else is next to impossible. But yet, it’s also necessary. Many moms manage the entire household. That means everything from laundry and cooking to paying bills and overlooking the finances. But when
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A recent paper by Mohsen Mohaghegh of Ohio State University discusses two main trends related to U.S. entrepreneurs: the decrease in the number of entrepreneurs and the increase in their borrowing. Entrepreneurs have increased their debt holdings relative to their assets over the past three decades. Greater opportunities for financing new investments, rising business costs,
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Your tax filing status makes a big difference in your tax return when you file. Many people simply choose the status they believe best fits their personal situation, but in some cases, you may have more than one option. At that point, it’s up to you to pick the status that offers you the most
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Tax season is just around the corner, which means it’s time to start thinking about the documents you need to get ready. Here are a few things to consider ahead of filing your 2018 tax return. Find last year’s return A quick way to find all of the important information you need to file your
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Key Findings The Trump administration has imposed $42 billion worth of new taxes on Americans by levying tariffs on thousands of products. Outstanding threats to impose further tariffs mean Americans could see additional tax increases up to $129 billion. Tariffs are regressive, placing a higher burden on lower-income households. The $42 billion of tariffs imposed
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Just as several states have individual alternative minimum taxes (AMTs) that prevent households and pass-through businesses from claiming “too many” itemized deductions, some states levy corporate AMTs to prevent corporations from reducing their corporate income tax liability beyond a certain level. Most state corporate AMTs conform closely to the federal corporate AMT, which was established
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According to reports from Politico and other news agencies there is no path to agreement among EU countries on the European Commission’s digital services tax (DST) proposal. For the DST to be adopted at the EU level, unanimity among the 28 EU member states is required. Throughout the debate on this proposal, though, several countries
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The Department of Finance in Canada has released its Fall Economic Statement, containing details of its proposal to enhance the cost recovery (depreciation) write-offs of capital investment in machinery, equipment, and buildings. The proposal is a significant step toward optimal tax treatment of capital. However, the enhancements are currently planned to be temporary. They should
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