Tag Archives: tax
Small Businesses are Using Zelle for Tax Loophole
Over the past year, it is becoming more common for small businesses to no longer accept 3rd party payment options like Venmo, Cash App, and PayPal; however, a lot are still accepting Zelle. The reasoning for this is that … Continue reading
New York Medical Marijuana Dispensaries Seeking Tax Cut- Recreational Sales Incoming
Biden Addresses Oil Firms – Says He Will Seek Tax on “Windfall” Profits
As the midterm elections are among us, U.S. Gas prices are still extremely high. To address this problem, President Biden stated that he is seeking to charge more taxes on certain oil companies. The oil companies that he seeks … Continue reading
Treasury Dept Announces New Series I Bond Rates
The U.S. Department of the Treasury this past Tuesday released an announcement that Series I bonds will now be paying 6.89% annual interest through April of 2023, down from the previous rate of 9.62% that had been offered since May. … Continue reading
IRS Adds 4,000 Employees to Assist With Next Tax Season
The Internal Revenue Service is already making headway on its initiative to hire add an additional 10,000 employees. So far, the IRS has hired 4,000 new workers that will serve as customer service representatives, this is part of the IRS’s … Continue reading
DSJ Announces Bifurcation
Demasco, Sena & Jahelka LLP Announces Bifurcation of Firm
… Continue readingNew York’s Tax Revenue Higher than Anticipated
According to New York State’s Comptroller Tom DiNapoli, New York has raked in roughly $2.5 billion in tax revenue during the first 6 months of the fiscal year. This is a much higher number than the state previously forecasted. New … Continue reading
The Migration Of High Net Worth Individuals – Moving To Low-Tax States
For quite some time, there has been an argument on whether people with a high net worth move to states with lower taxes, specifically for the lower taxes. According to a new report that was recently published by the Tax … Continue reading
Taxing Cow Farts to Combat Climate Change
Last week, the New Zealand Government proposed a tax on farm animals’ greenhouse gas emissions. This is part of New Zealand’s effort to reduce the pollution of these animals, which is ultimately contributing to climate change.… Continue reading
Kim Kardashian Ordered to Pay $1.26 million to the SEC After Crypto Touting Allegations
Celebrity Kim Kardashian has settled to pay approximately $1.3 million to the Security Exchange Commission(SEC) after allegations that she touted a cryptocurrency token on social media without disclosing that she was paid for this promotion. This is against The United … Continue reading