Month: October 2020

If you buy something through our links, we may earn money from our affiliate partners. Learn more. The benefits of using a hand dryer is even more evident as people look to limit their point of contact. The key is to install an automatic hand dryer that is fast and powerful, so it quickly dries
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The top Democrat and Republican on the tax-writing House Ways and Means Committee introduced bipartisan legislation to encourage more Americans to save for retirement, with increased tax credits and improvements for 401(k), 403(b), IRA and SIMPLE plans. House Ways and Means Committee chairman Richard Neal, D-Massachusetts, and ranking member Kevin Brady, R-Texas, teamed up Tuesday
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Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal
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Joe Biden, 2020 Democratic presidential nominee, right, and President Donald Trump during the presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. Kevin Dietsch/UPI/Bloomberg via Getty Images President Donald Trump and Joe Biden, his Democratic opponent in next week’s election, have broadly diverging views on issues that would impact the personal finances
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Spanish taxpayers are facing several tax hikes in addition to the two major taxes—a financial transactions tax (FTT) and a digital services tax (DST)—approved by Spain’s upper house less than two weeks ago. The coalition government this week presented the 2021 budget which includes a 53 percent increase in non-financial public spending from last year,
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The outcome of Tuesday’s election could be profound tax changes, but that’s only if one party wins control of both houses of Congress and the White House. “After the November election the Democrats and the Republicans are going to know how many seats they hold in the House and the Senate,” said Tim Speiss, co-leader
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Raymond James CEO Paul Reilly told CNBC on Friday that long-term investors should not be scared away from equity markets, despite the rise in coronavirus cases and other risk factors that weighed on Wall Street in October. “The important message is stay invested,” Reilly said on “Power Lunch.” “If you’re afraid of some segments, that’s
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The agreement between Camico and CPA Mutual to transfer the Accountants Professional Liability Insurance Program from CPA Mutual to Camico represents the collaboration of two mutual insurance companies, both founded by CPAs, to provide customized liability insurance to CPAs. “Camico is taking over CPA Mutual’s future business, and CPA Mutual will stay in business to
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Spreading the theft around; re-routed refunds; AIG loses, mostly; and other highlights of recent tax cases. Beaverton, Oregon: Engineer Jeffrey Fitch has been sentenced to a year and a day in prison for failing to collect or pay over federal employment taxes. Since 2002, Fitch owned and operated SFA Engineering and SFA Design Group. Between
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Taxes paid by corporations and income inequality are both topics of national attention, particularly during the ongoing 2020 presidential campaign. Increasing the corporate tax rate is often offered as a solution to income inequality because higher-income individuals tend to own more corporate shares than others and may bear the burden of a tax increase on
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Year-end tax planning for 2020 involves several new wrinkles, in addition to the usual strategies. The Treasury Department and the Internal Revenue Service continued a significant flow of guidance with respect to the Tax Cuts and Jobs Act in 2020. Most of the new tax legislation was related to COVID-19 relief, and frequently expires at
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Getty Images Global travel screeched to a halt during the pandemic, and it’s hurting credit card companies’ bottom line.  American Express, Mastercard and Visa all reported double-digit drops in profit for the recent quarter, compared to a year ago. The companies pointed to a plunge in international travel as borders remain closed during the pandemic. 
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