It happened this past April 2019. Many Americans experienced an unpleasant surprise after filing their 2018 federal income taxes. Expecting a refund just as they had for years, many were upset to learn that they owed the IRS. The cause? The impact of the new paycheck withholding formulas created by the 2017 Tax Cuts and […]
Archives for 2020
New Income Tax Return Forms (ITR) – AY 2020-21 – Changes
New Income Tax Return forms ITR1 – SAHAJ, and ITR4 – Sugam for AY 2020-21 (FY 2019-20) is notified by the income tax department. The new ITR forms are currently available on the Income Tax website in PDF format. The Java-based tax preparation utility is not yet released. This time the income tax department has […]
Confronting tariffs: Trade war tips for CPAs
As the disruptive and uncertain trade environment continues its dominance on the corporate boardroom agenda, CPAs at multinational companies are increasingly tasked with assessing its impact on their organizations and developing strategies for mitigating its potential negative effects. Although there are plans for the United States and China to sign the first phase of a […]
How much is your franchise actually worth: Balance sheet versus income statement
To understand how well your small business is doing, you need to know both how it’s doing on a particular time frame (e.g., every month and quarter) as well as how it’s doing overall (how much it is actually worth). If you’ve ever thought of selling your franchise, this really matters. Getting a holistic picture […]
4 Steps to Achieve Your Desired Business Outcomes
At some point in their career path, advisers might look at the success of their peers and wonder, “Why aren’t great things happening for me, too?” Some examples might be a colleague taking over a multimillion-dollar 401(k) plan or landing a large roll-over or insurance account. While you may believe that luck has something to […]
Best Micro Jobs Websites to make money online in 2020
Micro Jobs is one of the easiest ways to make money online. Micro Jobs can help you to generate a reasonable monthly income. You just need to utilize your skills in the micro-job and you can make money by sitting at home. Micro Jobs are freelancer type jobs such as freelance writing, editing, graphic creation, […]
Three Life-Changing Questions
I attended a wake last night for a close friend’s mom. The room was filled with people who loved her. She was thrown a curveball at the end. Curveballs come out of nowhere. They force us into a moment of clarity, but what if we had that clarity beforehand? What if we really knew what […]
Small Business Tax Preparation Checklist
There are two types of people come tax time. You’ve got the ones who are excited and file their taxes on the first day they can. And, you’ve got the ones who moan and groan and file at the last minute. Which one are you? Maybe you’re the second one—the person whose least favorite thing […]
Clips From Today’s Closing Bell
Josh Brown explains why he chose Netflix as his Last Chance Trade from CNBC. Nasdaq closes at record high after tensions with Iran ease from CNBC.
The Dow Jones during Wartime
[embedded content] Be sure to subscribe to our channel so you never miss an update The recent flare-up in the Middle East has investors asking questions about what might happen to their portfolios if a war breaks out. While every scenario is different and the variables change, there are some important things to understand about […]