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Shakira’s Hips Don’t Lie, But Her Tax Forms Do.

World famous Columbian pop singer, Shakira, could be facing up to 8 years in Spanish prison for tax fraud.  Shakira, who is legally known as Shakira Isabel Mebarak Ripoll, is facing 6 charges for allegedly failing to pay the … Continue reading

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Senate reaches a deal regarding EV tax credits sought by Tesla, Toyota

A bid deal between senators Chuck Schumer and Joe Manchin includes a very popular consumer tax credit extension regarding the purchase of electric vehicles. This is a massive benefit to EV giants like General Motors, Tesla, and Toyota. This credit … Continue reading

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Small Business Firms May Be Eligible to Receive a $25,000 Tax Credit for Covid Costs

During the pandemic in 2021, many businesses had to make some unexpected purchases to help slow the spread of COVID-19 within their company. These purchases included things like masks cleaning supplies, and outdoor seating, among other expenses aimed at reducing … Continue reading

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Biden May Extend Student Loan Pause into 2023, Among Other Relief

As it stands, the pause on federal student loan payments is set to expire on August 31st, but it seems as though the Commander in Chief is heavily considering extending that pause until 2023. Following the CARES act … Continue reading

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Inflation Reduction Act – Basic Breakdown:

After months of sparring through negotiations, Joe Manchin agreed to back a package aimed at lowering carbon emissions and curbing healthcare costs, while raising taxes.  This marks a revival of Biden’s economic and climate agenda that was seemingly killed earlier … Continue reading

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Diapers Now Exempt from Local Sales Tax in NYS – Baby Formula Relief

With the recent surges in inflation, families with babies or older relatives might be struggling to afford the necessities needed. A new law passed by Gov. Hochul just made that a lot easier by taking away any local taxes … Continue reading

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Converting to a Roth IRA Can Provide a Big Tax Win

With the recent decline in the stock market, some investors may have experienced a substantial loss of value. When this happens, it is important to assess the damage and make a smart move.  Some investors are already making one of … Continue reading

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State Senates drop a “Bongshell” – Tax Related Cannabis Bill

Last week, Democrat State Senators introduced a bill related to the legalization of marijuana. Senators motioned to remove cannabis from the federal government’s list of controlled substances. This would ultimately give states the power to make their own laws regarding … Continue reading

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U.S. Home Prices Hit Record Highs in June, Sales Continue to Slide

The housing market has been rapidly cooling down. This is due in part to the massive uptick in home prices, which have been seen nationwide, especially this past June. The average price of a home in June has reached a … Continue reading

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New York Law Makers Calling for a 2-Year Sales Tax Holiday

As the ongoing battle with inflation across the country continues, lawmakers are trying everything to slow its effects and provide some much-needed relief for consumers. This past Wednesday, New York State Republican lawmakers called for a 2-year tax holiday that … Continue reading

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