REPUBLICANS AND DEMOCRATS AT ODDS

Republicans and Democrats at odds. It seems that one of the biggest differences of opinion between Democrats and Republicans is over funding the IRS, to collect more money to stem the deficit and to catch the Tax Cheats that the Pandora Papers and Panama Papers outlined in recent years. It seems like the rich, who […]

GIG BILL DISGUISED AS FREEDOM BILL

Gig bill disguised as freedom bill. Most all of the Gig workers, especially those who are driving Uber, Lyft, Door Dash, are people who are not making much per hour, after you determine the expenses and wear and tear on the vehicle they operate. In fact, those companies keep the large majority of profits of […]

SECURE ACT SECURING YOUR TAXES

Secure Act securing your taxes. The Secure Act was the brainchild of those who saw the wrecked retirement landscape in America, due to the Covid pandemic. Millions of households dipped into IRS retirement 401 (k)s to get by, and that not only lowered what they had for retirement, but they had to pay penalties for […]

FAIR LABOR STANDARDS ACT

Fair labor standards act. The U.S. Department of Labor issued a final rule, Independent Contractor Status, under the Fair Labor Standards Act, to clarify the standard for determining whether a worker should be considered an employee or an independent contractor. The new guidelines are to take effect March of 2021. Officials said the rule would […]

IRS TAX RELIEF FOR HURRICANE LAURA

IRS tax relief for hurricane Laura. Updated September 9th, 2020: This has been updated to include Morehouse and Union parishes. Updated September 2nd, 2020: Tohis has been updated to include grant, Jackson, Lincoln, Natchitoches, Rapides, Sabine, and Winn parishes. From IR-2020-197  Victims of Hurricane Laura that began August 22nd now have until December 31st, 2020, […]

NEW STIMULUS MAY HAVE MORE THINGS

New stimulus may have more things. Whether or not Congress approves another round of stimulus checks with its next economic rescue bill–and it’s certainly looking like lawmakers will send out new direct payments–the new coronavirus aid act may offer additional benefits that could help you weather the current financial crisis. And we don’t just mean […]