Teachers are often seen as extremely underpaid for the amount of work they do inside the classroom, but also outside of it when it comes to buying school supplies for their kids using money from their own pocket. As it … Continue reading
News & Articles
Janet Yellen’s Six-Month Plan for IRS to Target Tax Cheats
United States Treasury Secretary Janet Yellen has recently given a six-month timeline to the IRS to assemble a detailed plan on how they will deploy the $80 billion in funding they will be receiving over the next 10 years. … Continue reading
State Sales Tax Rates – The Highest They Have Ever Been
Recently, we have been able to see new district taxes implemented begin to level off. Regardless, a new report indicates that State and Local sales tax rates are at the highest levels they have ever been.
Since the pandemic began, … Continue reading
Tax Evasion Vs. Tax Avoidance: Definitions and Differences
Taxes can be extremely complex and confusing at times. This is why a lot of people typically rely on their trusted accountant to handle their taxes and ensure that they aren’t doing anything accidentally illegal because it does happen (more … Continue reading
White House Says More IRS Funding Won’t Increase Audits for Lower Income Americans
On Monday, the Biden Administration received major backlash regarding concerns about the new $80 billion for the IRS in the Inflation Reduction Act package. The funding was intended to help the IRS crackdown on the collection of under-reported income … Continue reading
Older New York Homeowners Could See Some Tax Relief
New York Governor Kathy Hochul approved important legislation this past Monday that would provide some expanded tax relief to older homeowners in the state. This new measure will allow residents outside of New York City and over the age of … Continue reading
Climate, Tax, and Health Care Package. What’s in it?
After months of negotiating, Democrats have finally cleared another hurdle to go ahead and push through a climate, tax, and health care package. Included in the package are some items which would salvage some key features of Biden’s domestic agenda. … Continue reading
Most of New IRS Revenue Will Come From Small Businesses
Over the past few weeks, the new was passed. This bill included a whopping $80 billion in funding to the IRS to improve the agency’s collection of under-reported income. This will inevitably end up targeting many small businesses to help … Continue reading
Florida is Surging Past NY in New Business Openings, Data Shows
According to federal data, Florida saw twice as many new business openings in the state compared to New York last year. During COVID, Florida’s number of newly opened businesses surged due to the lack of prolonged lockdowns in the state, … Continue reading
Top Automakers Push to Extend EV Tax Credits
Top EV automakers like Toyota, General Motors, and Tesla are making one last effort to change the Democrat’s new spending bill. This comes because of their concern they will be losing out on the strict new limits on electric vehicle … Continue reading