Passthrough Entity Tax Payments (PTE) a Great Deal👍🏻👍🏻: Let’s Make Sure You Make a Timely⏰Election!

Weekly Take Away: Try to be proactive, prepare for contingencies and work with a knowledgeable tax professional🦉 to take advantage of tax saving benefits💵💲… Pass through entities and the tax advantages most states provide, encourage businesses to pay the personal taxes for their owners as a federal business expense and then show those payments as a credit on their personal state tax returns.  I write about this every year as…  Read more

Weekly Update – October 14th 2021

Global supply chain delays have become so bad that the biggest U.S. retailers are chartering their own cargo ships to stock shelves this holiday season. Walmart, Home Depot, Costco, and Target are among companies that are paying the additional expense to mitigate holiday disruptions. While the smaller ships these companies will use are far more expensive than the larger ones, they have the advantage of the ability to dock at smaller, less…  Read more

Weekly Update – October 7th 2021

What does it cost to be hospitalized for COVID-19? A study by The Wall Street Journal found the cost can vary by tens of thousands of dollars, depending on the hospital and the insurance policy. While most insurers waived out-of-pocket costs for patients for most of the pandemic, many patients are now receiving bills for hospital stays, which can depend on rates negotiated between hospitals and insurers. For example, at one…  Read more

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