US President Donald Trump signs executive orders extending coronavirus economic relief, during a news conference in Bedminster, New Jersey, on August 8, 2020. JIM WATSON | AFP | Getty Images Self-employed people shouldn’t count on the payroll tax break President Donald Trump has issued via an executive order — at least not yet, tax experts
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President Donald Trump’s executive order to defer the collection of payroll taxes from employees through the end of 2020 has created more questions than answers for businesses and their employees. Normally, payroll tax is a 6.2% tax on a employee’s salary (up to $137,700 annually for 2020) is withheld from their paycheck to fund Social
A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s
Ben Harris is the President of Westview Land and Harris Investments, LLC. getty Economic downturns are typically not helpful for real estate values, and land is certainly not immune to the effects. However, the economic contraction we are currently experiencing is different. Demand for land is stronger than I have seen it in the 10 years that
New Hampshire’s governor said New Yorkers are pouring into the state due to high taxes and fear for their safety amid the Covid-19 crisis. “We’re booming,” New Hampshire Gov. Chris Sununu told CNBC. “People are coming from all across the country, especially in the Northeast. You’re in New York, you have a mayor who doesn’t
Check out the companies making headlines before the bell: Casper Sleep – The mattress retailer reported a quarterly loss of 16 cents per share, 2 cents smaller than anticipated, with revenue beating forecasts as well. Casper Sleep was negatively impacted by pandemic-related store closures, but that was partly offset by increased e-commerce and retail partner
Concept of harmony and balance. Balance stones against the sea. Rock zen in the form of scales getty Constructing a portfolio today is different, but not difficult This is the point of the investment market cycle where fortunes are made and lost. And sometimes, both by the same person, one right after the other. That’s
getty Last week, the National Taxpayer Advocate promised that help was on the way for some taxpayers who had missing or incomplete stimulus check payments. Today, the Advocate delivered, explaining the kinds of problems that the Internal Revenue Service (IRS) will currently resolve, what some individuals need to do to receive a check, and how some
A Social Security Administration office in San Francisco. Getty Images President Donald Trump’s executive order calling for a payroll tax holiday is prompting many to ask: What does that mean for the future of Social Security? Whether the president’s move ultimately will hurt the program depends on who you ask. Payroll taxes are taken from
A passion for eating permeates Istanbul, a city that famously straddles Europe and Asia, one whose cuisine has long been known for its variety and quality. In addition to the traditional purveyors of impeccable grilled fish and meats, intoxicating street food and famously fragrant desserts, several restaurants are taking the concept of “Turkish cuisine” in
Using a slow shutter speed an attendee is blurred as he walks by the Kodak booth during CES 2018 at the Las Vegas Convention Center on January 10, 2018 in Las Vegas, Nevada. David Becker | Getty Images Shares of Eastman Kodak plunged more than 40% during premarket trading on Monday after a federal agency
This is the Louisiana State Museum and Sports Hall of Fame: Facade designed by Trahan Architects. Photo courtesy of Timothy Hursley © I had the opportunity to interview Trey Trahan, the founder of Trahan Architects in New Orleans and New York. His firm was recently ranked #1 Design Firm in the U.S. by ARCHITECT Magazine, the
A Transportation Security Administration (TSA) worker screens luggage at LaGuardia Airport. Spencer Platt | Getty Images The coronavirus pandemic is keeping many would-be travelers away from the airport this summer, but the Transportation Security Administration on Monday said it found guns in passengers’ carry-on bags at roughly three times the rate of last year. The
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images The CEOs of banks, tech companies and consulting firms are forming a group to boost hiring from underrepresented groups in New York. Leaders from 27 firms that represent many of New York’s dominant industries banded together to create
By Kerri Fivecoat-Campbell, Next Avenue Contributor getty Susie Hediger, 56, who lives in Roeland Park, Kansas, worked as a cashier for a big-box lumber retailer when her governor issued a state of emergency in March due to the Covid-19 pandemic. Having been diagnosed with lung cancer in July 2019 and undergoing treatment, she wasn’t sure
© 2019 Bloomberg Finance LP While a lot has been written about when the second stimulus check will go out, many are still waiting for some or all of their first stimulus check. Until now, taxpayers were pretty much on their trying to navigate the IRS website. Starting today, however, those still waiting for their
Justin Horrocks | Vetta | Getty Images You probably heard that President Trump signed an executive order to provide an extra $400 a week in unemployment benefits. Be aware that it’s not a done deal. And, based on the contents of a Department of Labor memo sent out Sunday and reviewed by CNBC, that amount
Steven Heap/EyeEm/Getty Images President Donald Trump’s payroll tax deferral plan could result in higher tax bills for workers in 2021, tax experts said. As lawmakers remained at a stalemate over coronavirus relief efforts last week, Trump signed a package of four executive orders on Aug. 8. In one of them, the president called for the
A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its Starlink unit
A cyclist passes a public housing building in the Red Hook neighborhood of Brooklyn, New York. © 2019 Bloomberg Finance LP The Department of Housing and Urban Development announced today that it will provide a new round of emergency relief funding for eligible low-income families and individuals living in public housing. The $472 million in