December 13, 2010
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Cost-Basis Rules Strengthen Reporting Requirements
Based on a new tax law that takes effect in 2011, nowis the time to become familiar with cost basis. Although inaccurate reporting can lead to dire consequences, the new law has as much to do with improving the conversation with your financial advisor as it does with getting the numbers right. What is cost […]
Read more- December 13, 2010
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Stock Market: Be of Good Cheer
Pre-Thanksgiving economic data gave investors an early opportunity to embrace the Season of Good Cheer. Fears of a recessionary double-dip diminished as data from the Commerce Department was revised upward and first-time unemployment benefit filings were lower than predicted. This improving economic picture helped boost the consumer discretionary and industrial sectors as investors snapped up […]
Read more- December 13, 2010
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How to Make Client and Customer Gifts More Meaningful
Who needs another fruit basket, a stale fruitcake or a logo-branded pen? Probably not your clients and customers, especially if you want your gift to have a lasting impact. While that 12-pack of Florida oranges seems like a nice gift, how much does it speak to the relationship you have with your customers – and […]
Read more- December 13, 2010
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Renewable Energy Systems Fuel Tax Incentives
The climate of our economy has brought a great deal of attention to investing in renewable energy systems and going green. With an opportunity to stimulate the economy and increase jobs, this concept is receiving a stronger drive than ever. Many companies and retailers, including Google, Wal-Mart, Target and Kohl’s, have already announced plans for […]
Read more- December 10, 2010
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Obama Considers Tax Code Overhaul
In the wake of fierce debate over tax cut extensions, the White House is considering a push for a massive overhaul of the income tax code. The effort could take years but offers some hope of bipartisan cooperation after years of congressional gridlock.”The objective,” The New York Times’ Jackie Calmes reports, “is to rid the […]
Read more- December 09, 2010
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Senate Democrats to Move Tax Plan, Overriding Party
Senate Democratic leaders are moving forward with a vote as early as this week on President Barack Obama’s tax deal with Republicans, brushing past a rebellion in their party. Senate Majority Leader Harry Reid said he hopes to bring the measure to the floor today or tomorrow, a signal that Democratic leaders are close to […]
Read more- December 08, 2010
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Tax cuts costly but necessary
The deal will keep US debt higher for longer, and will be attacked on that basis. THE US bond market tanked yesterday after President Barack Obama backed down and extended George Bush’s tax cuts for the rich for another two years, and shares failed to hold on to a rally. But Obama’s deal is nevertheless […]
Read more- December 07, 2010
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Tax-Cut Extension Will Fuel U.S. Growth, Pimco’s El-Erian Says: Tom Keene
Pacific Investment Management Co.’s Mohamed El-Erian said that the U.S. tax agreement worked out by the Obama administration is good for growth as reflected in gains in stocks and commodities and declines in bonds. “It puts pressure on the fiscal situation so bonds are selling off,” El-Erian, chief executive and co-chief investment officer of the […]
Read more- December 06, 2010
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In Tax Showdown, Myths Spread. A Debunker’s Guide
As debate rages on extending tax cuts set to expire at the end of the year, politicians are making misleading statements about who might be hurt or helped. Before the midterm elections, President Barack Obama insisted that lower income-tax rates should be permanently extended only to those he called the “middle class.” People in the […]
Read more- December 03, 2010
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US unemployment climbs to 9.8 per cent in major blow – Summary
The US unemployment rate climbed to 9.8 per cent in November, the Labor Department reported Friday, sharply denting hopes that the labor market was beginning to recover after months of stagnation. The jobless rate is the highest since April. The department said just 39,000 jobs were added during the month, compared to a revised 172,000 […]
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