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Changes to RMD Rules
(This is Blog Post #768)
What Landlords Should Know About Taxes
(This is Blog Post #767)
Tax Credit for Businesses Whose Employees Receive Tips
Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit for businesses involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. How the credit works The FICA credit applies with respect to tips that [...]
Preparing for a National Lockdown
As posted to the Peak Prosperity YouTube Channel on March 15, 2020 (Run time: 45 min 07 sec) In today's update, on the Wuhan New Coronavirus (aka "Covid-19"), Chris Martenson reports: "As the number of Covid-19 infections outside China now exceed those within, the masses across the world are starting to panic. Empty grocery store [...]
Stealing the Identities of the Dead
It’s bad enough that the living have to worry about identity theft. But criminals also exploit the deceased with “ghosting” schemes. These thieves are stealing the identities of the dead to open credit card and service accounts and obtain loans and tax refunds. Here’s how to prevent fraudsters from taking advantage of your family. Stealing [...]
Deducting Charitable Gifts on Your Tax Return
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect a couple years ago and the many rules that apply to charitable deductions, deducting charitable gifts may no longer yield you a tax break for [...]
Unpacking the Economy’s Bubble Dynamics
As posted to the Peak Prosperity YouTube Channel on 3/9/2020 (Run Time: 49 min, 14 sec) Author's Description of Clip "For years, Peak Prosperity has been raising a loud warning of the 'Everything Bubble' that the world's central banks have blown in global asset prices. Over that time, we've debated with hundreds of economic experts [...]
Answers Regarding 2020 Individual Tax Limits
Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in less than three months. However, it’s a good idea to familiarize yourself with tax-related amounts that may have changed for 2020 [...]
5 Best Practices When Investigating Employee Complaints
“All complaints will be swiftly and thoroughly investigated.” No doubt this sentence, or something similar, appears in your company’s employee handbook. Unfortunately, there will likely be a time when you’ll have to put those words into action. Whether an employee alleges discrimination or harassment, or reports a coworker for theft or fraud, you’ll need to [...]
Currency Oblivion Coming
As posted to the GoldSilver.com YouTube Channel on 3/3/20 (Run Time: 28 min, 07 sec) Mike Maloney believes that the Fed now has no option but to print the US dollar into oblivion, find out why in this comprehensive analysis of Tuesday’s (3/3/20) market action. The Fed's rate cut, bonds, gold and silver are all [...]
Supply Chain Disruptions Will Crash the Stock Market
As posted to the David Stockman YouTube Channel on 3/2/20 David Stockman appears on Fox Business Network's "Cavuto: Coast to Coast" to discuss the devastating effects that supply chain disruptions caused by the pandemic will have on the stock market. (This is Blog Post #758) David Stockman is a former businessman and U.S. politician who [...]
Jim Rogers on Gold Market Meltdown
As posted to Kitco News YouTube Channel on 2/28/20 "Pandemic fears continued to move stocks towards the worst week since the financial crisis. What is the key to navigating this sell-off? Joining Daniela Cambone for an exclusive interview is legendary investor Jim Rogers. The Dow Jones Industrial Average dropped 900 points, or more than 3%, [...]
Could Pandemic Trigger the Monetary Reset
As posted to the GoldSilver.com YouTube Channel on February 28, 2020 (Run Time: 16 min, 07 sec) "How serious could the pandemic get? Will it decimate world economies, or is this just a short term blip? Is it the virus to blame for the recent market action, or the fact that the world economies have [...]
Tax Limits Affecting Businesses Increased for 2020
How much can your employees contribute to 401(k) plans this year? How much do employees have to earn in 2020 before they can stop paying Social Security tax? An array of tax limits affecting businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and [...]
Common Business Insurance Coverage Oversight
You may think your business has enough insurance already. What's a common business insurance coverage oversight? If you business is vulnerable to employee theft and fraud — and most businesses are — you may want to consider adding more coverage. Some insurance companies offer policies to protect against loss of money and property due to [...]
Disclaimer
This blog is designed to provide competent and reliable information regarding the subject matter covered. However, it is being provided with the understanding that the blogmaster is not engaged in rendering investment advice. Laws and practices often vary from state to state and if investment assistance is required, the services of a licensed investment professional should be sought. The blogmaster resolutely encourages the reader/viewer to do their own research and due diligence before acting on any information contained herein. As such, Roger Rossmeisl specifically disclaims any liability that is incurred from the use or application of the contents of this blog. It should also be noted that the views contained in this blog are not necessarily representative of the opinions/beliefs of the other owners, management and/or employees of Kho & Patel CPAs.
