Tax Court in Brief | Kinney v. Commissioner | Schedule C Deductions Legal fees, insurance, car and travel expenses | law of the free man

law of the free man‘s”The Tax Court in briefcovers all of the Tax Court’s substantive opinions, providing a weekly summary of its decisions in clear, concise prose. For a link to our Tax Court in Brief podcast, download here or watch other episodes of The Freeman Bill. Tax litigation: The week of July 25,... Read More

Student loan payment break set to end this month

President Joe Biden (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images The student loan payment break is expected to end this month. Here’s what you need to know — and what it means for your student loans. Student loans After more than two years of historic student loan relief, the student... Read More

Employment growth in small businesses slows in July; Growth in hourly earnings slows slightly

ROCHESTER, NY, August 2, 2022 /PRNewswire/ — Hiring at U.S. small businesses slowed for the fifth consecutive month, according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Employment Index moderated -0.66% from the previous month and sits at 100.14. The pace of wage increases slowed slightly compared to... Read More

New home loans fall at fastest pace in two years

New mortgage commitments fell for all types of buyers in June, with first-time home buyers – the cohort of borrowers most exposed to rising borrowing costs – being the hardest hit. The value of new home loans for first-time buyers fell 10% from May to a seasonally adjusted $4.5 billion in June, the biggest... Read More

Chetrit Nabs funds once dirtiest hotel in New York

Joe Chetrit and the Carter Times Square Hotel at 250 West 43rd Street (Getty, Google Maps) Joseph Chetrit got a loan to revamp one of Times Square’s dirtiest hotels. Chetrit’s company, The Chetrit Group, secured a $185 million construction loan from Mack Real Estate Credit Strategies for the 570-key Carter Hotel at 250 West... Read More

The Gabonese government will publish a report on public expenditure associated with Covid-19 by July 2022.

Gabon expects 124 billion FCFA from the International Monetary Fund under the aegis of the Rapid Financing Instrument. The latter, in turn, is conditional on the publication of the report on expenses related to the management of COVID-19. The Rapid Financing Instrument assists member countries that urgently need BoP financing. The government of Gabon... Read More

Stock futures drop to start trading in August as market records best month since 2020

Wall Street analysts argue these ‘safe haven’ consumer stocks are outperforming – even as spending slows Inflation is hitting consumers’ wallets and the economy seems to be slowing down. With the consumer accounting for 68% of all economic activity in the first quarter, this is a key indicator to watch. What does all this... Read More