Business Tax Rules Changes

Small and Medium Businesses, especially, need to know about changes in Tax rules from the Tax Cuts and Jobs Act (TCJA).  New flat 21% tax rate for corporations.  The rates before TCJA was enacted were 15%, 25%, 34% and 35%.  Personal Service Corporations paid a flat 35% rate.  Beginning in 2018, Corporations pay a flat…

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IRS Using Private Debt Collection for Overdue Taxes

Four collection firms have been contracted by the IRS’ new private collection program of overdue federal tax debts.  The groups are CBE Group of Cedar Falls, IA, Conserve of Fairport, NY, Performant of Livermore CA, and Pioneer of Horseheads, NY.  Each taxpayer or business tax account which owes these certain types of overdue federal tax…

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Just What is a Merchant Cash Advance?

A Merchant Cash Advance, also called an MCA, is a way to forward money today that you will earn tomorrow.  It doesn’t work like a traditional business loan but is much easier and faster to access. If you need instant cash, say for immediate equipment repair or replacement, and you know, based on your history,…

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Target is Partnering With Disney?

Target is Partnering with Disney?  Yes. And it’s brilliant. Doug Chapek, Disney parks chairman said “theres about a 90 percent overlap between the two company’s customers.”  Target CEO Brian Cornell referred to Disney as “among our largest and most admired [brand] relationships.”  When Disney opened its stand alone stores back in 1997, the declining economy…

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5 Ways to Tell if Merchant Cash Advance is for You

Merchant Cash Advance is emerging as financing too for many businesses.  Obtaining a Merchant Cash Advance (MCA) is fast and fairly easy, even for business entrepreneurs with credit dings.  Delivery of cash when it is really needed makes MCA’s incredibly attractive to small business owners.  The timeliness keeps the cash relevant to the need.  …

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MCA to the Rescue: a Case Study

When you consider IRS penalties, fines and interest due, an MCA (Merchant Cash Advance) can pay corporate taxes today at a lower cost than when you can afford to pay the taxes.  Jackie Fields (actual MCA Case, but name has been changed to protect privacy) needed additional working capital fast.  Due to shortages of certain…

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U.S. Economy Stress Cracks Widening?

Everything is not like a Hollywood movie in America. The economy of the United States is beginning to show stress from the enormous debt carried by the average citizen.  That pressure was seen this week as the American stock markets experienced huge losses which drove investors values down around 3% in a single day. Warning…

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Another Signs the Giving Pledge

Mackenzie Bezos, following her divorce from Amazon’s founder and CEO, Jeff Bezos, has joined a list of wealthiest people who have agreed to participate in the giving pledge.  Mackenzie Bezos, who ranks 22nd on the Bloomberg’s Billionaires Index, said she left Jeff Bezos with 75% of their Amazon stock, as well as all of their…

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