Mixed signals on economic outlook
If there is one thing that is bothering the political set up, people and the investor community, it is the state of economy. However, numbers released in late October seem to provide some cheer.The third quarter (July-September 2022) GDP numbers point to the US economy recovery and dispels a fear of recession in the backdrop […]
Dollar spike, Inflation woes
Amazon Founder Jeff Bezos’s recent warning about the recession looming large and cautioning people to tread cautiously against big ticket spending sums up the sign of tough times.Who better to comment on the state of economy than the world’s richest man who can read the pulse of the people and the economy resulting in his […]
US Economy Post Midterm Polls
We are in the midst of challenging times with a few predicting a looming economic crisis and some experts expressing that we are already in recession after two tough consecutive quarters. There seems to be no quick fix in sight. If the Ukraine crisis added to the global financial, energy and food supply woes, the […]
$80 Billion to the IRS: What It Means for You
You may have noticed that the IRS is in a bad way. It has a backlog of millions of unprocessed paper tax returns, and taxpayers can’t get through to the agency on the phone. Congress noticed and took action by passing a massive funding of the IRS in the recently enacted Inflation Reduction Act. The […]
2022 Last-Minute Vehicle Purchases to Save on Taxes
2022 Last-Minute Vehicle Purchases to Save on Taxes Here’s an easy question: Do you need more 2022 tax deductions? If yes, continue reading. Next easy question: Do you need a replacement business vehicle? If yes, you can simultaneously solve or mitigate the first problem (needing more deductions) and the second problem (needing a replacement vehicle) […]
2022 Last-Minute Year-End Retirement Deductions
Last Minute Tax Deductions Retirement Deductions The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take steps that will help you fund the retirement you desire. Here are four things to consider. 1. Establish Your 2022 Retirement Plan First, a question: Do you have your (or […]