Share to facebook Share to twitter Share to linkedin Shutterstock There are significant tax advantages for independent contractors (IC) vs. employees. ICs deduct business expenses, whereas, the new tax law (TCJA) suspended “unreimbursed employee business expenses” as miscellaneous itemized deductions. ICs are eligible for TCJA’s 20% qualified business income (QBI) deduction, whereas, employees are not.
Homeownership is considered a core part of achieving the American Dream. However, that achievement is slipping out of reach of many Americans these days. U.S. homeownership has been at record lows throughout this decade. More Americans are renting as a response while managing with stagnant wage growth. The path to homeownership in today’s America has
Marvel Studios president Kevin Feige speaks during a fan event at in Los Angeles, Oct. 28, 2014. Getty Images On Friday, Marvel head Kevin Feige announced three more Marvel series would be coming to Disney’s streaming service Disney+. Shows based on Ms. Marvel, She-Hulk and Moon Knight are going into production, he said. The news
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month. “Obviously, the global economy has worsened since our July meeting,” Clarida told CNBC’s Steve Liesman on Friday from the Fed’s economic policy symposium in Jackson Hole, Wyoming. “The global economy is slowing and there’s powerful disinflationary pressures.”
Customers try iPhones at the Apple store in Hong Kong, China. Stringer | Anadolu Agency | Getty Images Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations. Shares of Apple, Nike and Caterpillar all tanked more than 3.5%, hitting their
Brian Guay is a young man with a goal. The 25-year-old from Bedford, Massachusetts, who has autism, works three jobs and saves every paycheck. He is descended from a long line of farmers on his father’s side and says he wants to purchase a farm of his own someday. He’s stashing away more than $1,000
KM4 | Getty Images They brew beer, make musical instruments, publish children’s books and design headphones. Their industries are diverse, but they all have something in common: They represent American small and medium-sized businesses that rely on China either for production or essential equipment. And they are dreading President Donald Trump’s latest round of tariffs
Target joined Walmart this week reporting strong sales, driven by same-day fulfillment. Online sales leaped 34% during the quarter. Last week, Walmart reported a 2.8% jump in same-store sales and a 37% jump in on-line sales for the fiscal second quarter. All in all, Target has reported nine consecutive quarters of positive sales results. Walmart
Since the second series of Treasury regulations regarding Qualified Opportunity Zones (QOZs) were created this spring, tax attorneys across multiple disciplines have been focused on capturing as much tax alpha as possible. And the new regulations have unveiled new opportunities. For example, Treasury is now allowing Qualified Opportunity Fund (QOF) investors to sell their QOF
Summer travel vacation concept, Happy asian traveler woman holding passport and plane model relax on beach chair in tropical beach at Thailand Getty You’ve probably heard me mention SWANs a time or two by now: stocks that help you Sleep Well At Night. You’ve probably heard me talk about how important they are in your