Cornerstone Financial Advisory

OCTOBER 23, 2023

Despite worries of a struggling consumer, consumers increased their spending as retail sales rose 0.7% Lastly, it’s important to remember to pay the correct taxes on this income throughout the year to manage owing additional taxes when you file. The information in this material is not intended as tax or legal advice.

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Marketing Marketing Taxes Economics 84

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% The information in this material is not intended as tax or legal advice.

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Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

AUGUST 21, 2023

4 Retail Sales Surprise Retail sales jumped 0.7% 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. You can also adjust your withholding status if you want to change how much tax you withhold due to other circumstances.

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Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

APRIL 17, 2023

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. We suggest you discuss your specific tax issues with a qualified tax professional. The information in this material is not intended as tax or legal advice.

Marketing 59

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 information is not intended to substitute for specific individualized tax advice.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

AUGUST 14, 2023

5 This Week: Key Economic Data Tuesday: Retail Sales. Child support payments are not taxable income for the recipient or tax-deductible for the payer. Therefore, you should not include child support payments when calculating gross income for tax purposes. The information in this material is not intended as tax or legal advice.

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Marketing Marketing Taxes Economics 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. Some contributions aren’t tax-deductible, so check the current tax law or talk to your account before deducting charitable gifts from your tax return.

Marketing 59

Marketing Marketing Taxes Investment Advisor 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

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.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

AUGUST 28, 2023

1,2,3 Stocks Manage Gains Stock rallied on Monday on upbeat sentiment over the earnings release from a mega-cap semiconductor company scheduled for mid-week, only to see that momentum fizzle the following day on weak retail earnings and a credit downgrade of a handful of banks. a Registered Investment Advisor.

Marketing 52

Marketing Marketing Economics Taxes 52

Ballast Advisors

OCTOBER 10, 2023

Many major retailers rolled out Black Friday and Cyber Monday promotions as early as October. Tax-Savvy Holiday Spending While we enjoy the present, let’s not forget about the future. Did you know that some of your end-of-year spending can actually lead to tax benefits? Here’s a tip: ditch the last-minute frenzy.

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Planning Budgeting Taxes Financial Planner 52

Cornerstone Financial Advisory

JUNE 12, 2023

Thursday: Retail Sales. State and local income tax refunds may be taxable and should be reported on your federal taxes. State taxes may apply to inheritances.) If a policy is surrendered prematurely, the policyholder also may pay surrender charges and have income tax implications. FOMC Announcement.

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Marketing Marketing Insurance Taxes 59

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 79

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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Marketing Marketing Distribution Taxes 59

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.

Marketing 59

Marketing Marketing Taxes Investment Advisor 59

Cornerstone Financial Advisory

FEBRUARY 27, 2023

1,2,3 Stocks Slide Stocks struggled last week, buffeted by growing fears of further Fed tightening and disappointing forecasts from two major retailers that called into question the consumer’s health. An authorized representative can represent you in interviews, audits, appeals, and tax collection disputes with the IRS and in court.

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Economics Taxes Investment Advisor Investing 59

Cornerstone Financial Advisory

NOVEMBER 21, 2022

The economic picture, however, included some encouraging news as retail sales rose and producer price increases moderated. . If you hire an independent contractor for your business, you are generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation. Producer Prices Ease.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

DECEMBER 19, 2022

The potential for higher rates for longer, along with disappointing economic data, particularly a sharp decline in retail sales, amplified fears of a recession and sent stocks lower for the remainder of the week. Well-organized recordkeeping makes it easier to prepare your tax return and provide evidence of tax deductions.

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Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

DECEMBER 12, 2022

Retail Sales. Business travel deductions are available when employees travel away from their tax home or principal place of work for business reasons. Fare for taxes or other types of transportation between an airport to a hotel and from a hotel to a work location . a Registered Investment Advisor.

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Marketing Marketing Economics Taxes 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. a Registered Investment Advisor.

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Marketing Marketing Taxes Investment Advisor 59

Trade Brains

OCTOBER 27, 2023

Cello World IPO Review – Industry Overview India’s consumerware market has been growing steadily due to organized retail and e-commerce. India is the fifth largest and preferred retail destination globally, with fast development in urban and rural areas. Organized retail penetration is expected to reach ~20% by FY 2025.

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Distribution Retail Manufacturing Portfolio 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.

Marketing 59

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. The IRS has a question about their tax return. The IRS changed their tax return.

Marketing 59

Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

NOVEMBER 28, 2022

Investor sentiment was also lifted by unexpectedly strong retailer earnings, upside surprises in new economic data, and a better-than-expected consumer sentiment reading. 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.

Marketing 59

Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

OCTOBER 10, 2022

prime minister’s decision to reverse a tax cut proposal that had upended financial markets the previous week lifted investors. Friday: Retail Sales. Essential Tax Reminders for People Selling a Home. If you’re selling your home, you may be able to exclude all or part of any gain from the sale when filing your tax return.

Marketing 59

Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

MARCH 13, 2023

Retail Sales. ” – Muhammad Ali Be Vigilant & Protect Yourself From Texting Scams Unfortunately, instances of IRS-themed text scams are on the rise, and these scam attempts could put your sensitive tax data at risk. The information in this material is not intended as tax or legal advice. Thursday: Jobless Claims.

Marketing 59

Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

JULY 17, 2023

6 This Week: Key Economic Data Tuesday: Retail Sales. 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. The information in this material is not intended as tax or legal advice. year-over-year.

Marketing 52

Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

JULY 11, 2022

Friday: Retail Sales. The Small Business Health Care Tax Credit. In an effort to extend health care benefits to more people, the IRS introduced the small business healthcare tax credit. 35% of premiums paid for small tax-exempt employers. The information in this material is not intended as tax or legal advice.

Marketing 52

Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

NOVEMBER 14, 2022

Wednesday: Retail Sales. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional. The information in this material is not intended as tax or legal advice. a Registered Investment Advisor.

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Marketing Marketing Economics Taxes 59

Random Roger's Retirement Planning

MAY 15, 2023

If you are going to invest narrower than broad based index funds, I think it is important to understand the holding you choose on this level. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

Portfolio 63

Portfolio Healthcare Wealth Advisor Investment Advisor 63

Cornerstone Financial Advisory

JULY 18, 2022

Also helping the Friday rally was a strong retail sales report and additional second-quarter company reports. This information is not intended to be a substitute for specific, individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional. a Registered Investment Advisor.

Marketing 52

Marketing Marketing Economics Taxes 52

ClearMoney

DECEMBER 5, 2021

The UK Financial Conduct Authority cited a number of concerns as it prohibited the sale of “cryptoasset” investment products to retail investors last year. Prohibiting the sale to retail clients of investment products that reference cryptoassets,” Financial Conduct Authority, June 10, 2020.

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Commission Retail Distribution Sales 52

The Big Picture

FEBRUARY 6, 2024

And Tom has helped with the introduction of GMO’s first retail product, the quality ETF stock symbol Q-L-T-Y-G-M-O has been institutional since they launched in 1977. This is the first time they’re putting out a product for retail. GMO has released last quarter their first retail product an ETFI love the symbol QLTY.

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Valuation Investing Investments Assets 130

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 89

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.

Marketing 89

Marketing Marketing Taxes Economics 89

Cornerstone Financial Advisory

JANUARY 16, 2024

Wednesday: Retail Sales. Married filing jointly: Taxpayers who are married can file a joint tax return with their spouse. Married filing separately: Married couples can choose to file separate tax returns when doing so results in a smaller tax burden than filing a joint tax return. Industrial Production.

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Marketing Marketing Taxes Economics 92

The Big Picture

JULY 11, 2023

I could do my own taxes. We were 75% retail. So bringing the two firms together, you really made us 50/50 retail and institutional, and that’s been very important. JOHNSON: Exactly, the tax… RITHOLTZ: The negative on a mutual fund is phantom taxes. JOHNSON: Just do it. RITHOLTZ: Get this junk away from me.

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Management Investing Investments Assets 211