Acting Finance Minister Filipe Bole of Fiji’s interim government has announced that his Department has raised the nation’s minimum income tax threshold from $9000 to $15,000 (U.S.), a move which is getting mixed reactions from economists. The new cut-off for income taxation goes into effect on June 1st. The intent of the action is to […]
5 Tax Breaks You Weren’t Thinking of For Your Small Business
Small business owners everywhere know the importance of running a tight ship. Rent, labor, and operating costs all hit smaller companies the hardest, so keeping cash drainage to a minimum is key. Tax breaks, deductions, and credits are crucial for keeping small operations afloat. As helpful as these can be, they also have a […]
How Trump’s Tax Reform May Affect Your Taxes
Tax season isn’t everyone’s favorite time of the year, but don’t let a new reform overwhelm you. President Trump’s Tax Reform Act was passed on December 22nd, 2017. The Act is designed to cut income tax rates, it doubles the Standard Deduction, and eliminates many personal exemptions. The individual changes became effective January 1st, 2018, […]
What to Do When You Can’t Afford Your Taxes
Tax season can be harrowing, especially for those that find they owe the IRS money. If you can’t tackle your tax bill in its entirety this tax season, don’t give up. There are options, but they take strategic planning and a bit of elbow grease. Let’s get started. File Your Tax Return Anyway Tax deadlines […]
Trump Needs a Tax Cut to Keep U.S. Equities Rolling
U.S. equity prices have climb to all-time highs rising approximately 15% since Donald Trump was elected the 45th President of the United States. Current trading activity has also seen the dollar gain ground. Stock prices have been buoyed as the markets have priced in additional growth prospects and rising corporate earnings due to tax cuts […]
Trump Plans to Repeal Estate Tax, California Senator Prepares State Alternative Measure
President Donald Trump threatened to repeal the federal estate tax during his campaign. The President and Congress promise to make good on their campaign promises and repeal the estate tax that would hit many of Trump’s cabinet members hard. California Senator Scott Wiener has another plan to offset the tax revenue lost if the repeal […]
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