• Business Highlights

    5 monthes ago - By Chron

    Bank execs sing praises of new tax law as windfall looms
    NEW YORK - Two of the nation's biggest banks - JPMorgan Chase and Wells Fargo - are indicating they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. Banks have regularly paid effective tax rates of 30 percent or more. JPMorgan said Friday that it now expects its effective corporate tax rate to be roughly 20 percent, while Wells estimates 19 percent.
    Facebook edits feeds to bring less news, more sharing
    NEW YORK - Facebook says it is changing what users...
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  • Spend A Lot of Time in Your Car?

    5 monthes ago - By RIS Media

    For every 1,000 miles driven, $500 in tax deductions can be produced, but the IRS needs documentation of all business and personal trips. The QuickBooks Self-Employed automatic mileage tracker can help.
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  • Bank execs sing praises of new tax law as windfall looms

    5 monthes ago - By Chron

    NEW YORK - Two of the nation's biggest banks - JPMorgan Chase and Wells Fargo - indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business.
    The comments came as the two companies reported their quarterly results, which were both heavily impacted by the change in tax laws, but in different ways. JPMorgan Chase took a $2.4 billion charge tied to the tax bill, while Wells Fargo had a $3.35 billion benefit.
    Bank executives and their lobbyists in Washington were big promoters of a corporate tax...
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  • How Traders Can Get 20% QBI Deduction Under New Tax Law

    5 monthes ago - By Forbes

    Traders eligible for trader tax status are considering to restructure their business for 2018 to take maximum advantage of the "Tax Cuts and Jobs Act." Two tax benefits catch their eye: The 20% deduction on pass-through qualified business income, and the C-Corp 21% flat tax rate.
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