Firms Begin Offering Rent Assistance to Their Employees
As the housing affordability crisis intensifies, nearly half of employers are now offering a helping hand by providing housing assistance to their employees. A recent survey by JW Surety Bonds, which included anonymous responses from 710 employees and 310 employers, reveals that 47% of employers are either considering or have already started offering rent assistance […]
New Legislation Offers Up to $5,000 Incentives for US Shoppers
Representatives Ro Khanna from California and Debbie Dingell from Michigan, both members of the Democratic Party, have introduced new legislation designed to stimulate domestic spending and bolster American small businesses. The bill, known as the Made in the USA Tax Credit Act, was unveiled during a tour of manufacturing sites in Ann Arbor, Michigan, and […]
Navigating Uncertain Markets: Picking the Winning Gold Stock for Investors
In an era marked by fluctuating markets, gold’s allure as a stable investment shines ever brighter. Gold’s intrinsic value and proven resilience make it an appealing choice during economic uncertainties. Highlighting this trend, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.B) made headlines in 2020 with its investment in Barrick Gold (NYSE: GOLD), signaling a strategic shift […]
Inmate Orchestrates $550 Million Fraud in Covid Tax Credits, Federal Authorities Reveal
A prison inmate in California, Kristopher Thomas, serving a sentence for a gang-related murder, has been accused of orchestrating a massive fraud scheme defrauding the U.S. government of over $550 million in federal tax credits, as stated by prosecutors. Thomas, 36, has been incarcerated at Kern Valley State Prison since December 2010 and is serving […]
Strategies for Cryptocurrency Companies to Align with Conventional Financial Institutions
The integration of cryptocurrencies into traditional finance has seen significant milestones, with the recent approval of the first spot Bitcoin exchange-traded funds (ETFs) in the United States on January 10 being a notable example. This decision by the U.S. Securities and Exchange Commission (SEC) could potentially lead to increased capital flow and more institutional involvement […]
H&R Block Faces Allegations of Misleading Advertising for ‘Free’ Tax-Filing Services
The Federal Trade Commission (FTC) in the United States has recently filed a complaint against the tax preparation company H&R Block. The FTC accuses H&R Block of misleading consumers with the marketing of its online tax-filing software, which is advertised as free but often incurs charges for many users. According to the FTC, H&R Block’s […]
IRS Chief Reports Over $150 Billion in Annual Tax Evasion by Wealthy Individuals
The Internal Revenue Service (IRS) is intensifying its efforts against tax evasion, particularly targeting the nation’s wealthiest. IRS Commissioner Danny Werfel revealed in a CNBC interview that millionaires and billionaires are evading taxes totaling over $150 billion annually. This tax gap significantly contributes to government deficits and creates imbalances in the tax system. With new […]
FTC Accuses H&R Block of Erasing Client Tax Information
The Federal Trade Commission (FTC) has recently filed a complaint against H&R Block (HRB), alleging that the tax preparation company engaged in misleading advertising practices and obstructed customers from accessing more affordable tax filing options. According to the FTC, H&R Block made it challenging for customers to switch from a higher-priced service to a cheaper […]
Retik Finance (RETIK) Concludes Monumental 2024 Crypto Presale with Over $31 Million Raised from More Than 30,000 Investors
As we progress through the first trimester of 2024, the cryptocurrency industry is witnessing a surge of enthusiasm, largely fueled by the innovative project Retik Finance (RETIK). This revolutionary venture in the realm of decentralized finance (DeFi) has captivated global investors, marking a significant milestone by raising over $31 million from more than 30,000 holders […]
US Legislation Offers Tax Exemption with Advantages for International Transactions
Foreign lenders and US borrowers have the opportunity to take advantage of a significant tax exemption under the US tax code, though it requires careful navigation of its complex rules. In the US, a 30% withholding tax is normally applied to interest payments from US borrowers to foreign lenders. This means the borrower must withhold […]