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http://www.bizjournals.com/albany/stories/2009/06/01/daily59.html The outlook for the restaurant industry grew more optimistic in recent months, as the National Restaurant Association’s comprehensive index of restaurant activity registered its fourth consecutive monthly gain in April. The Association’s Restaurant Performance Index (RPI) — a monthly composite index that tracks the health of and outlook for the U anchor.S. restaurant industry […]
http://www.nytimes.com/2009/04/04/business/04restaurant.html Now consumers are cutting back, and dining out is among the casualties. Finer restaurant chains have been hit hard, and so have the casual sit-down places that flooded suburban shopping centers and tourist districts across the country, aimed straight at middle American tastes. A few chains have boarded up already. Many others are going […]
WASHINGTON “For those thinking about buying a new car this year, this deduction may give them a little more drive to make their purchase this year,” said IRS Commissioner Doug Shulman. The deduction is limited to the state and local sales and excise taxes paid on up to $49,500 of the purchase price of a […]
NEW YORK (CNNMoney.com) — “The unemployment rate jumped last month in 49 states, with Michigan leading the way, the U.S. government reported on Friday. Nebraska was the only state to escape rising joblessness.” Seven states are reporting unemployment rates over 10%: Michigan (12%), South Carolina (11%), Oregon (10.8%), North Carolina (10.7%), California and Rhode Island […]
Complete Article. If AIG execs won’t return their $450 million in bonuses, lawmakers threatened Tuesday to pass a special new law taxing the payouts at anywhere from 60% to 100%. “To those of you getting these bonuses: be forewarned, you will not be getting to keep them.” Schumer called it “Alice in Wonderland business practices” […]
CNNMoney – President tells U.S. Treasury to implement cuts for 95% of Americans; by April 1, workers will see less taxes withheld from paychecks. The tax cuts are part of a $787 billion economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of […]
Recommendations for Successful Delivery of an Economic Stimulus Via Workers Paychecks PDF of APA’s Letter The American Payroll Association is recommending that to get this credit in the hands of American workers quickly and effectively, they recommend modifying the current income tax and withholding tables. The current proposal involves a refundable income tax credit equal […]
IR-2009-2, Jan. 6, 2009 WASHINGTON — The Internal Revenue Service today kicked off the 2009 tax filing season by announcing a number of new steps to help financially distressed taxpayers maximize their refunds and speed payments while providing additional help to people struggling to meet their tax obligations. With many people facing additional financial difficulties, […]
Obama’s paycheck bonus You might not get a raise next year. But if the economic stimulus ideas being floated are any indication, you might get more money on payday anyway. NEW YORK (CNNMoney.com) — For many cash-strapped workers, Barack Obama’s plan to stimulate the economy could mean more take-home money in their paychecks. While details […]
Washington Post As disposable incomes shrink and savings plummet, residents across the region say there are still some luxuries they won’t let go of, no matter how bad it gets. They might be clipping coupons, joining warehouse clubs and carpooling, but they’re still willing to spend their hard-earned cash on one non-negotiable something — be […]