Why Some People Are Afraid of the Hobby Loss Rules
July, 2019
Many tax advisors are very cautious when it comes to claiming hobby losses – and some would argue overly so. This conservative view stems from the impression that the taxpayer usually loses when challenged...
How Increased Tariffs on Chinese Goods Will Impact Market Earnings
July, 2019
With the Office of the U.S. Trade Representative announcing the increase of tariffs on imported Chinese goods from 10 percent to 25 percent on $200 billion worth of goods, and a directive from the executive...
Members of the college graduating class of 2017 owed an average of close to $30,000 each in student loan debt. Imagine starting out adult life with that kind of debt load?...
There is a lot of new technology being used to automate functions and save money in large corporations, but many small organizations are shut out of those advancements. This is largely because of the cost...
New from Apple: iPhone iOS 13 Upgrades, All-New Mac Pro
July, 2019
During its annual Worldwide Developers Conference (WWDC) on June 3, Apple introduced a lot of new technology. Here, we will have a look at iPhone iOS13 upgrades and the all-new Mac Pro...
Disaster Relief Funding, Expanded Benefits for Neglected Vietnam Veterans, and Bipartisan Reforms for the IRS
July, 2019
National Flood Insurance Program Extension Act of 2019 (S 1693) – This bill reauthorizes the National Flood Insurance Program, which was set to expire on May 31, through June 14. The bill was...
When Saving for Retirement in Taxable Account Is a Good Idea
June 2019
Most people associate saving for retirement with tax deferred or non-taxable accounts: 401(k)s, 403(b)s, Traditional IRAs, Roth IRAs, etc. The tax benefits of these types of retirement accounts give...
When it comes to gross margins and the American economy, they vary widely throughout the country's industries. When New York University's Leonard N. Stern School of Business recently compiled gross margin...
How Will Increased Business Productivity Impact Business Earnings Reports?
June 2019
During the first three months of 2019, non-farm labor productivity grew 3.6 percent, according to the U.S. Bureau of Labor Statistics. This is coupled with a 4.1 percent increase in output, along with hours worked...
There are a number of threats that both retirees and pre-retirees are facing right now when it comes to drawing Social Security benefits. For example, there’s a new scam this year. Seniors are being solicited...
Small Business Survey: How Are Today's SMBs Using Technology?
June 2019
One way to reduce the overhead associated with hiring workers is to make efficient use of technology. According to a recent survey by CompTIA, 73 percent of midsize businesses and 56 percent of firms with...
Summer is here and it’s time for getting out of town. However, you don’t want to set off on the open road without a plan. While there are an endless number of places to visit across the United States, here...
Enhanced Funding for Shooting Practice and Bulletproof Vests
June 2019
Target Practice and Marksmanship Training Support Act (H.R. 1222 – The Pittman-Robertson Act, passed in 1937, imposes an excise tax on the sale of firearms, archery gear and...
