Tax advisers have warned Britons against the idea of flying to a sunny bolt-hole and working from their favourite holiday spots this winter as increasingly stringent rules force many back to home working. People “working from anywhere” face fines or investigations from foreign tax authorities if they stay too long, […]
Tax
Robert Smith, the billionaire who went viral last year for paying off the debt of students at Morehouse College, admitted to an illegal scheme to conceal income and evade taxes by using offshore trusts and bank accounts for 15 years. The Justice Department announced on Thursday that Smith entered a […]
Robert Smith, the billionaire who went viral last year for paying off the debt of students at Morehouse College, admitted to an illegal scheme to conceal income and evade taxes by using offshore trusts and bank accounts for 15 years. The Justice Department announced on Thursday that Smith entered a […]
LONDON (AP) — A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their dues, and warned that failure to adopt it would make the economic recovery from COVID-19 harder. The Paris-based Organization for Economic Cooperation and Development, which advises […]
10 Ways Older Adults Can Reduce Tax Bills Starting at Age 50 AUTHOR: SENIORLIVING.ORG TEAM · https://www.seniorliving.org PUBLISHED: SEPTEMBER 2020 Everyone wants to keep more of their hard-earned money. Luckily for seniors, many of whom are on a fixed income, there are several ways for them to save on taxes. […]
PORTSMOUTH, Va. (WAVY) — If the COVID-19 pandemic had struck two years earlier, local leaders say the financial situations facing local and state governments could be much worse than it already is. When the governor’s executive orders shut down portions of the economy in late March, local governments tried to […]
If you’ve been working from home over the past few months, you may well save on travel costs and lunches, but you’ll run up other bills, including heating and electricity. Some employers give their staff an allowance to cover those excess costs. But if they don’t, employees can still claim […]
CHICAGO — Back when Gov. J.B. Pritzker was secretly spending taxpayer cash on private charter flights to China to buy personal protective gear as the coronavirus crisis hit Illinois, some people would ask to poke the billionaire for not kicking in the kind of cash he spent to get elected […]
PLAINFIELD, NJ — The Plainfield City Council unanimously voted to introduce the calendar year 2021 municipal budget. Finance Director Ron West began a brief presentation by saying there is no proposed tax increase, with an $86.5 million budget. West highlighted accomplishments made during a challenging 2020, including a record tax […]
Just last January, we were still spending money on things like deli salad lunches, manicures, and pants with buttons and zippers. Fast forward to the present day, and spending habits have shifted. Perhaps we’ve saved cash on subway fare and happy hour cocktails (sniff), but, a year into a global […]
Americans are especially eager to receive their tax refunds this year. A new survey from CreditCards.com finds that 73% of U.S. adults who are expecting a tax refund say it is important to their overall financial well-being this year. That’s as there’s about a month to go before people need […]
Luzerne County will keep using 68 elected municipal tax collectors and pay them more, but not as much as they had wanted. Councilman Harry Haas put up a strong battle for in-house collection by the county treasurer’s office, saying it would cost less, provide the county with immediate access to […]
Bundle of american dollar banknotes in white envelope on wooden table. Tax season is in full swing. As some people prepare to write the government a check, others will eagerly await the arrival of a refund check. See: Here’s the No. 1 Thing Americans Do With Their Tax Refund Many […]
Being your own boss gives you access to tax incentives not available to other workers. These include self-employment tax deductions for a home office, vehicle expenses and internet service. © (Getty Images) Neon artist working on design While these deductions can save you money, don’t expect them to wipe out […]
Below are a list of suggestions and recommendations that are both practical and therapeutic. Try one or try them all! 1. Allow your heart to crack open. Play music that evokes passion. Write a creative story where you are the protagonist on a grand adventure. Make a list of your […]
CONCORD – Plunging into what is expected to be a dominant issue in the 2021 legislative session, a House committee on Thursday took up three bills that would change state tax rates, including those on businesses and unearned income. Over more than three hours, the House Ways and Means Committee plowed […]
JGI / Jamie Grill Not every fraud artist is a sketchy identity thief or faux Nigerian prince from the dark corners of the internet. In fact, you might end up committing accidental tax fraud or accidental tax evasion yourself if you don’t pay careful attention during this tax season. See: […]
PARIS (AP) — France’s government breathed a sigh of relief Friday after the U.S. indefinitely delayed tariffs on French wine, cosmetics and other goods designed as retaliation for a French tax on technology giants. The U.S. Trade Representative’s office said in a statement Thursday that it suspended the tariffs targeting […]
A development agency in Atlantic City approved construction Tuesday of a $100 million water park at the former Showboat casino in a move designed to make the gambling resort more appealing to families and off-season tourists. But the key to making the project work — 20 years of tax breaks […]
CLEVELAND, Ohio – There are more than 500,000 parcels in Cuyahoga County. Yet last year, only about 4,000 appeals were filed to contest property values. Everyone can’t be that happy with the value the county is using for their tax bills, no matter how good of a job the appraisers […]
GALVESTON Short-term rentals generated 42 percent of $16.1 million collected in hotel occupancy tax revenue in the 2020 fiscal year, a significant jump from 30 percent in 2019, according to data from the Galveston Park Board of Trustees, which oversees tourism. The surge in popularity this year might be related […]
When: Elizabethtown Borough Council meeting, Dec. 3. What happened: Council unanimously approved the borough’s 2021 budget. Also passed unanimously was a resolution to keep property taxes at the same rate as 2020 at 4.6 mills, or $460 for a property assessed at $100,000. Budget: General fund expenditures are predicted to […]