More and more often, personal data gets hacked, exposed, etc. Some of you remember the Equifax data breach with 147 million people impacted and a settlement of up to $425 million dollars and there have been many other cases since then. The most recent one is the National Public Data that exposed 3 billion individuals
At the end of August 2024, a Federal judge from Texas put a hold to all the ban on non compete agreements. As you might remember, the Federal Trade Commission released a nationwide ban on noncompete agreements on April 23rd, 2024 as reported in our previous blog post from early May 2024 - FTC implementing
If you are a business in PA, you might consider a contribution to an approved Educational Improvement Organizations. If you are a qualified business, you can received a PA tax credit of 75% of your contribution (90% if same contribution for two years). You need to make sure you meet the requirements (i.e. provide proof
If you are a teacher, instructor or any other educator (even if part time as the rule is at least 900 hours) in a school providing elementary or secondary education, then you can claim the $300 expense deduction at year end in your personal tax return (if both educators filing a married filing jointly return
If you have kids under 13 that have after (or before) school activities (i.e. soccer, basketball, dance, etc.), daycare, or even summer camp, you might be entitled to a tax credit when you file your taxes. You will need to get some information to claim that tax credit like a) name of the institution or
If you are a business owner, then, you are familiar with the increase in regulations and the complexity of running a business. Keeping a business in compliance is more and more difficult due to the fast pace of law changes from different Federal, State and Local government entities and the allocation of more funding for
Back in August 2023, Governor Phil Murphy signed legislation to avoid surcharges for credit card transactions that were not communicated in advance and that were greater than the cost to the seller for credit card payments. As a customer, you should know your rights and we aware of certain unscrupulous actors charging abusive credit card
In July 2024, the IRS released several warnings on widespread scams and misleading claims on the Self Employment tax credit. The IRS is taking a proactive communication approach and raising awareness of scams, fraud and other misleading information on social media and by different promoters. Clean Energy Tax Credit – In the IR-2024-182, the
We are in the summer of 2024 and more and more Americans are willing to go into debt to finance their vacation. Note that the interest expense on personal debt is not deductible (in contrast with mortgage interest for your home). This post pandemic world never ceases to amaze me. Cost of living (home, rent,
As the Social Security Board of Trustees (Federal government) estimates that from 2035, the payments of scheduled benefits might be reduced to around 75% (unless there is a reform to increase the fund assets), more and more States are requiring small businesses to join State programs offering retirement options to their employees, if not already
