Category: Business News
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Did You Know Amazon Owns Zappos
Did You Know Zappos is owned by Amazon!! Zappos is the epitome of customer service and revolutionary corporate culture. It’s the main reason why Zappos is owned by Amazon. But much of it was due to one of its co-founders, Tony Hsieh, and his eccentric lifestyle. But Hsieh was more than eccentric. His views on…
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Gasoline Prices
Why is gas so expensive, good question I’m glad you asked. Sanctions Joe Biden and the rest of Europe explicitly left out anything to do with oil purchasing so on paper we could be buying Russian oil all day if we wanted but the big oil companies decided to self-sanction they said that they are…
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Are You Aware of NIRP
What Is a Negative Interest Rate Policy (NIRP)? A negative interest rate policy (NIRP) is an unconventional monetary policy tool employed by a central bank whereby nominal target interest rates are set with a negative value, below the theoretical lower bound of zero percent. A NIRP is a relatively new development (since the 1990s) in…
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What You May Need to Know About Cryptocurrency
Simply stated, a cryptocurrency is a new form of digital money. You can transfer your traditional, non-cryptocurrency money like the U.S. dollar digitally, but that’s not quite the same as how cryptocurrencies work. When cryptocurrencies become mainstream, you may be able to use them to pay for stuff electronically, just like you do with traditional…
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NFTs Explained
A non-fungible (meaning unique, non-replaceable) token (NFT) is a unique digital code that represents some kind of digital item. It could be digital art or music, for example. An NFT is secured and stored on a public blockchain. One token is not interchangeable for another, and a token cannot be further divided. There are many…
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Bureau of Economic Analysis
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Personal income increased $90.4 billion, or 0.4 percent at a monthly rate, while consumer spending increased $104.7 billion, or 0.6 percent, in November. The increase in personal income primarily reflected increases in compensation of employees and government social benefits. The personal…
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#InterestRates
Interest rates remain the same for the first quarter of 2022 WASHINGTON –The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2022. The rates will be: 3% for overpayments (two (2) percent in the case of a corporation), 0.5% for the portion of a…
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#ChildTaxCredit
Child Tax Credit payments: IRS online portal now available in Spanish; Nov. 29 is last day for families to opt out or make other changes WASHINGTON — The Internal Revenue Service this week launched a new Spanish-language version of the Child Tax Credit Update Portal (CTC-UP). This tool is designed to help families quickly and…
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#Taxpayer Rights to Privacy
Understanding taxpayer rights: The right to privacy One of the IRS’s top priorities is protecting the privacy of America’s taxpayers. The agency takes this so seriously that the right to privacy is one of ten rights the Taxpayer Bill of Rights gives all taxpayers. Taxpayers have the right to expect that any IRS inquiry, examination, or enforcement…
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#Hanukkah and Shopping Scams
Hanukkah is all about spending time with loved ones, celebrating traditions, and, for many, giving gifts. So, as you start preparing for all eight nights, here are some things you can do to avoid scammers when shopping online: Check the seller before you buy. Search online for the name of the seller and product, plus words…