Month: November 2021

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Executive Summary Overview Tax reform has been on Kentucky lawmakers’ minds for years, and while significant progress has been made recently, substantial work remains to be done. In 2018, the General Assembly made important strides in creating a more neutral, pro-growth tax structure even while generating a net increase in revenue. With its reduction in
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This year, you may want to give back during the holiday season. While you can always donate money to charities year-round, this holiday season you might try donating your stocks instead. By doing your research on donating your stocks to a charity, you can potentially reduce your bill come tax time. The benefits of donating
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Hourly earnings growth at small businesses reached a record level this month, according to data released Tuesday by payroll giant Paychex, as small business hiring also grew. The Paychex | IHS Markit Small Business Employment Watch indicated hourly earnings growth increased to 4.07%, the highest level since reporting began a decade ago. Hourly earnings growth
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Marcum LLP, a Top 20 Firm based in New York, released its 2021 Year-End Tax Guide on Monday, providing a wide range of tax-planning strategies and considerations for next year. The 71-page report contains over two dozen articles and reference tables spotlighting recent changes in tax laws and the potential effects of pending legislation. “In
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CNBC’s Jim Cramer said he doesn’t feel comfortable buying into Monday’s early stock market bounce, following Friday’s omicron-driven plunge, because the selling could resume in the event of future negative news about the highly mutated Covid variant. The Dow Jones Industrial Average — which had been up nearly 400 points, or more than 1%, shortly
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Holiday shopping for young children can be tricky — especially when you’re shopping for newborns or toddlers who seem to outgrow everything so quickly! If you’re looking for a unique gift that will benefit a child (and their parents) for many years to come, you might consider investing in their future by gifting them a
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Small business owners, it’s time to expand your holiday shopping list. You’re not restricted to just buying gifts for your loved ones this year — it’s likely your business could benefit from some end-of-year purchases as well! Timing is everything when it comes to making purchases for your small business and saving on business taxes.