Cornerstone Financial Advisory

FEBRUARY 19, 2024

But stocks regained some momentum on Wednesday and rallied Thursday despite disappointing reports on both retail sales and industrial production for January. Here’s How It May Affect Your Taxes Taxpayers who work in the gig economy may benefit from a better understanding of how their work affects their taxes.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

DECEMBER 18, 2023

A solid retail sales number, which reflected a strong consumer and supported the soft landing thesis, also boosted enthusiasm. ” – Charles Schulz Tax Benefit And Credits: FAQs For Retirees Lots of questions can come up about income taxes after one has retired. increase over October and a year-over-year increase of 3.1%.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

OCTOBER 16, 2023

5 This Week: Key Economic Data Tuesday: Retail Sales. Here are the ten fundamental rights you have as a taxpayer when interacting with the IRS: The right to be informed: As a taxpayer, you have the right to know what is required to comply with tax laws. We suggest you discuss your specific tax issues with a qualified tax professional.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

AUGUST 1, 2022

It was an inauspicious start to the week after a big-box retailer missed earnings and reduced forward guidance on Tuesday, sparking a broad market retreat. Don’t Forget to Take Advantage of the Work Opportunity Tax Credit. The work opportunity tax credit equals 40% of up to $6,000 wages paid or incurred with a maximum credit of $2,400.

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Marketing Marketing Taxes Economics 104

Cornerstone Financial Advisory

DECEMBER 11, 2023

Thursday: Retail Sales. “The whole fun of living is trying to make something better” – Charles Kettering Tax Tips For Children Or Grandchildren With Part-Time Job Many of us have kids or grandkids who work part-time. If they are self-employed, however, they may be responsible for paying these taxes directly to the IRS.

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Marketing Marketing Taxes Economics 98

Cornerstone Financial Advisory

MARCH 18, 2024

Retail sales, also reported on Thursday, were disappointing, rising less than expected and adding to the inflation angst. You must include all capital gains in your income, and you may be subject to the Net Investment Income Tax if your income is above certain amounts. Consult a qualified tax expert for help.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

NOVEMBER 20, 2023

The rally paused in the final days of trading as stocks digested their gains and investors assessed weak retail sales and industrial production reports and a rise in continuing jobless claims. Did you know there are some tax considerations when starting a new hobby? ” – Salvador Dalí Starting A New Hobby?

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Marketing Marketing Taxes Economics 105

Trade Brains

MAY 16, 2023

The same gets reflected in the revenue share of the enterprise with tobacco products contributing to a majority of 36% of the gross revenue and 81% of the total profit before interest and taxes. Its trailing twelve months profit after tax stood at Rs 11,537 crore after the December 2023 quarter results. million retail touchpoints.

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Distribution Banking Retail Manufacturing 98

Cornerstone Financial Advisory

MARCH 11, 2024

Retail Sales. State and local income tax refunds may be taxable and should be reported on your federal taxes. If a policy is surrendered prematurely, the policyholder may also pay surrender charges and have income tax implications. The information in this material is not intended as tax or legal advice.

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Marketing Marketing Insurance Taxes 103

Cornerstone Financial Advisory

NOVEMBER 13, 2023

Retail Sales. Even better, these donations may qualify for a tax deduction if you itemize the deductions and show proof of the donations. This information is not intended to substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax professional.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

MARCH 25, 2024

Retail Inventories. The regular method allows you to specifically calculate the actual expenses, such as rent, mortgage interest, taxes, repairs, depreciation, and utilities you pay for the portion of your home used for the business. This information is not intended to be a substitute for specific, individualized tax advice.

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Marketing Marketing Taxes Economics 105

Cornerstone Financial Advisory

FEBRUARY 12, 2024

Retail Sales. Create Digital Copies Of Important Documents: Most financial organizations, such as banks and insurance companies, provide digital copies of bank statements, tax returns, and insurance policies anyway, and keeping all these digital copies saved and organized is an excellent practice to get into. Jobless Claims.

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Marketing Marketing Economics Taxes 105

eMoney Advisor

MARCH 7, 2023

Why Focus on Estate Planning for Blended Families A thoughtful plan and good communication can go a long way in heading off conflict in large families. Read on for actionable advice, as well as resources to support your clients in opening the lines of communication when it comes to creating an estate plan. Cerulli Associates. “The

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Estate Planning Planning Financial Planner Clients 83

Cornerstone Financial Advisory

JANUARY 23, 2023

Disappointing retail sales and manufacturing reports sparked concerns that the Fed may have gone too far in hiking rates, while a drop in initial jobless claims diminished chances of a near-term pause in rate hikes. 4 Consumers Retrench Retail sales fell 1.1% in December, capping an overall weak holiday shopping season. Horton, Inc.

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Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

APRIL 24, 2023

Poor earnings results hit communication services stocks and regional banks, while margin pressures put pressure on auto stock valuations. Tuesday: Microsoft Corporation (MSFT), General Electric Company (GE), Verizon Communications, Inc. (VZ), Why is my pension taxed? The forecasts also are subject to revision. VZ), Visa, Inc.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

JANUARY 22, 2024

That and a stronger-than-expected holiday retail sales report put pressure on stock prices. December retail sales came in strong, +0.6% NFLX), Verizon Communications Inc. (VZ) You can also choose not to claim exclusion, in which case you must report the gain on your tax return. labor market. VZ) Wednesday: Tesla, Inc.

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Marketing Marketing Economics Taxes 64

Cornerstone Financial Advisory

APRIL 17, 2023

After reports of a more pronounced slowdown in producer prices on Thursday, stocks surged higher, with technology and communication services companies leading the charge. A weak retail sales number on Friday shaved the gains to close out the week. This information is not intended to substitute for specific individualized tax advice.

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Marketing Marketing Medical Economics 59

Cornerstone Financial Advisory

MAY 22, 2023

1,2,3 Possible Debt Deal After stumbling on weak April retail sales and a combination of disappointing earnings and weak guidance from a major retailer, stocks moved higher mid-week as the news on the debt negotiations turned more positive. This Week: Companies Reporting Earnings Monday: Zoom Video Communications, Inc. (ZM)

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

APRIL 22, 2024

A bit of good news punctuated an otherwise sour Monday, as a stronger-than-expected retail sales report showed consumers were spending despite rising inflation. Retail sales increased 0.7% This Week: Companies Reporting Earnings Monday: Verizon Communications Inc. (VZ) for the month, more than twice the consensus forecast.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

OCTOBER 21, 2024

3 Midweek, news of stronger-than-expected retail sales report contributed to overall market momentum. Retail sales rose a seasonally adjusted 0.4 PM), Verizon Communications Inc. (VZ), The two tax credits available are the American Opportunity Tax Credit and the Lifetime Learning Credit.

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Marketing Marketing Taxes Education 52

Cornerstone Financial Advisory

AUGUST 21, 2023

4 Retail Sales Surprise Retail sales jumped 0.7% This Week: Companies Reporting Earnings Monday: Zoom Video Communications, Inc. (ZM) There’s no better time than the present to check your withholding status and make sure your paycheck accurately reflects the taxes you should be paying. ADSK), Analog Devices, Inc.

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Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

NOVEMBER 21, 2022

The economic picture, however, included some encouraging news as retail sales rose and producer price increases moderated. . DELL), Zoom Video Communications, Inc. (ZM). This information is not intended to be a substitute for specific individualized tax advice. Producer Prices Ease. The forecasts also are subject to revision.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

AUGUST 22, 2022

Despite the week’s losses, stocks exhibited resiliency in the face of a string of troubling economic news that included flat retail sales, weak housing numbers, an inversion in the yield curve, and tepid economic data out of China. PANW), Zoom Video Communications, Inc. (ZM). The IRS has a question about their tax return.

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Marketing Marketing Economics Taxes 59

The Big Picture

SEPTEMBER 12, 2022

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. there’s a big focus on how do we optimize for tax efficiency, too. It’s different wealth regimes, it’s different tax regimes. RITHOLTZ: Right.

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Clients Wealth Management Banking Investing 299

Cornerstone Financial Advisory

JULY 22, 2024

Retail sales were unchanged in June, which was better than expected. This Week: Companies Reporting Earnings Monday: Verizon Communications Inc. (VZ) This information is not intended to be a substitute for specific, individualized tax advice. The information in this material is not intended as tax or legal advice.

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Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

JANUARY 17, 2023

Retail Sales. Tax Benefits For Charitable Giving. Giving back to others feels good and is a great way to support your community and those in need, but it also has tax advantages. You can even use the Interactive Tax Assistant on the IRS website to see if your charitable contribution is deductible. Jobless Claims.

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Marketing Marketing Taxes Investment Advisor 59

Cornerstone Financial Advisory

FEBRUARY 13, 2023

Wednesday: Retail Sales. ” – Sandy Fries The Two Types Of IRS Volunteer Programs Every year, IRS-certified volunteers help people file their tax returns accurately. The IRS offers the Volunteer Income Tax Assistance program (VITA) and the Tax Counseling for the Elderly program (TCE). Thursday: Jobless Claims.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

APRIL 10, 2023

Friday: Retail Sales. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. .” – Dora Russell How To Choose A Tax Preparer It’s essential to choose a tax preparer that is suitable for your needs as well as reliable and ethical.

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Marketing Marketing Taxes Economics 59

Clever Girl Finance

MAY 13, 2023

While some careers are tied to the economy, such as hospitality and tourism, or some retail jobs, others stay fairly constant regardless of whether the economy is doing well or not. Accountants In a quote often attributed to Ben Franklin , he said: “ In this world, nothing can be said to be certain, except death and taxes.”

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Healthcare Education Economy Transportation 97

Cornerstone Financial Advisory

AUGUST 19, 2024

1,2 Upbeat Economic News Three critical economic data points gave investors what they were looking for: wholesale inflation, consumer prices, and retail sales. The July retail sales report on Thursday was stronger than expected, which added more fuel to the week-long rally. Food for Thought… ““Spread love everywhere you go.

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Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

SEPTEMBER 6, 2022

Sectors seeing the most significant increases in new jobs were professional and business services, healthcare, and retail. The IRS can scan tax returns for potential fraud, and if a tax return seems suspicious, they will flag it for further review. The information in this material is not intended as tax or legal advice.

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Marketing Marketing Taxes Investment Advisor 59

Cornerstone Financial Advisory

SEPTEMBER 12, 2022

Thursday: Retail Sales. How Tax Transcripts Can Help You File an Accurate Tax Return. They suggest making an online account to see estimated tax payments, prior year adjusted gross income, and more. They also offer the option to request a tax transcript online. This Week: Key Economic Data. Industrial Production.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

AUGUST 15, 2022

Wednesday: Retail Sales. The IRS has a handy tool called the IRS Tax Withholding Estimator that can help taxpayers better understand their withholding. It’s essential to examine your federal withholding periodically to ensure you are comfortable with the amount of tax withheld. Claiming credits such as the child tax credit.

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Marketing Marketing Taxes Economics 59

Brown Advisory

JUNE 2, 2016

Indeed, a slump in retail sales in Europe suggests that negative rates are crimping spending. This communication and any accompanying documents are confidential and privileged. Moreover, investors reaching for yield may take on more risk with less-liquid assets, fueling the emergence of asset price bubbles.

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Banking Economics Communication Assets 52

Cornerstone Financial Advisory

SEPTEMBER 18, 2023

Investors also cheered a stronger-than-forecast retail sales report and a modest increase in core producer prices, overlooking a higher-than-expected headline number. Some organizations (including churches or public charities whose annual gross receipts are less than $5,000) may not need to apply for 501(c)(3) status to be tax-exempt.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

SEPTEMBER 11, 2023

Retail Sales. ” – Ludwig van Beethoven Give Back To Your Community By Working As A Tax Volunteer If you want to give back to your community and help people with low to moderate incomes, consider applying to volunteer with the Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) programs.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

FEBRUARY 20, 2023

A higher-than-expected rise in the Consumer Price Index (CPI) and strong retail sales in January initially did little to dent that enthusiasm, as stocks posted solid gains through Wednesday’s close. Yet some tax benefits reward the philanthropic. We suggest that you discuss your specific tax issues with a qualified tax professional.

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