🖨 Print⏱ 3 min readNo surprise, but Americans are consuming and spending less since the coronavirus kicked in. Retail sales dropped to 8.7 percent in March, the largest month-over-month decline since the Census Bureau started tracking this data. Previously, the sharpest decline was less than half this – at 3.9 percent from October 2008 to … Continue reading “3 State Level Tax Hikes That Might Be Coming Due to COVID-19”
🖨 Print⏱ 4 min readIf you’re anxious about sending your children back to school, you’re not alone. In fact, a recent poll from ABC News/Ipsos showed that 45 percent of parents don’t want their kids in the classroom at all. But whether your kids are in school or learning at home, there’s still plenty of … Continue reading “Five Ways to Manage Back-to-School Stress”
🖨 Print⏱ 5 min readWith gold hitting $2,000 an ounce in recent days, coupled with the Federal Reserve’s monetary policy creating a lot of liquidity, how will markets perform for the rest of 2020 and beyond? Based on a reading from the Federal Reserve’s minutes from its July 28 to July 29 meeting, the Fed … Continue reading “How Will Monetary Policy Impact Markets Going Forward?”
🖨 Print⏱ 4 min readThe stock market continues to perform with relative resilience, despite the current economic decline. But to be clear, without 100 percent participation in the economy – in terms of small business job creation, consumer spending, and company growth and expansion – the stock market is apt to reposition prices to reflect … Continue reading “Tips for Retiring in the Next 10 Years”
🖨 Print⏱ 4 min readA bill to amend the Servicemembers Civil Relief Act to extend lease protections for servicemembers under stop movement orders in response to a local, national, or global emergency, and for other purposes (S 3637) – This bill extends the Servicemembers Civil Relief Act to protect service members who were previously issued … Continue reading “Laws to Enhance Benefits for Service Members, First Responders, Veterans and to Restore National Parks and Public Lands”
🖨 Print⏱ 5 min readAccording to the United States Department of Labor’s Wage and Hour Division, the Families First Coronavirus Response Act addresses how select businesses must give their workers paid sick leave or expanded family and medical leave under permitted circumstances in light of COVID-19. Effective starting April 1, 2020, the following will be … Continue reading “How to Develop an Employee Leave Policy During COVID-19”
🖨 Print⏱ 2 min readRecently, the IRS Commissioner testified before the Senate Finance Committee, sending the message that the IRS is committed to catching intentional tax evaders. There was no ambiguity in the message of his testimony to Congress; he noted that under his watch, the IRS will aggressively pursue those purposely evading their tax … Continue reading “IRS Gears Up for Aggressive Enforcement”
🖨 Print⏱ 4 min readAway from the movies, robots are becoming a reality in everyday life. Robots have played a major role in manufacturing industries to perform basic tasks that are either dangerous or laborious for humans. As technology becomes relatively cheaper – through the availability of components such as processors, sensors, batteries, and cameras … Continue reading “Robotics Carves Out Niche in Various Businesses”
🖨 Print⏱ 3 min readAs the economic impact of COVID-19 lingers and an impending second wave is on everyone’s mind, Congress is already thinking of new legislation to stimulate the economy. One of the ideas on the top of the list is an expansion of the Research and Development (R&D) tax credit as part of … Continue reading “R&D Tax Credits May be Part of the Next Tax Relief Bill”
🖨 Print⏱ 3 min readThe impact of COVID-19 has caused many Americans to suffer hardships, one of which is struggling to make ends meet. But take heart; there are solutions. Here are a few areas in which creditors are working with people to alleviate some of the stress. Mortgages Fortunately, the Coronavirus Aid, Relief, and … Continue reading “Help for People Struggling to Pay Bills”
