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SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
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This week’s state tax map looks at throwback and throwout rules in states’ corporate tax codes. These rules may not be widely understood, but they have a notable impact on business location and investment decisions and reduce economic efficiency for the states which impose such rules. Over the long run, these rules reduce competitiveness while yielding very
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Internal Revenue Service commissioner Chuck Rettig testified Wednesday before a House oversight subcommittee about the IRS’s performance during the novel coronavirus pandemic, where he heard complaints from lawmakers about their constituents missing stimulus payments. The hearing also focused on the financial condition of the IRS and the state of its aging technology systems. “IRS employees
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CNBC’s Jim Cramer on Wednesday warned investors not to buy or sell stocks based on what President Donald Trump tweets. The “Mad Money” host cites Tuesday afternoon’s tweets from Trump ending broad stimulus talks, which sank stocks, and then Tuesday night’s tweets supporting a piecemeal approach, which boosted stocks. “This is what happens if you invest by
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The cost of a virtual health visit has changed for some people with insurance, even as the coronavirus pandemic rages. That means you may have to pay more to Zoom with your doctor. At the beginning of October, many major insurance companies, including Anthem and UnitedHealth, shifted their policies for telehealth, meaning that cost-sharing for
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David Jarmul and his wife, Champa, long envisioned what their retirement would look like. After returning from a two-year Peace Corps stint in Moldova in 2018, the couple, both 67, planned extensive travel, including trips to the Baltics, West Africa and Sri Lanka. “Travel is our passion — it’s what we love to do,” said
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An effective internal communications strategy is essential when trying to encourage a cohesive team to work together toward the same goal. Especially when it comes to announcing important news to your team, using the right internal communications approach is of utmost importance. The right communications strategy ensures the intended message is clear and easily understood,
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The deadline to register for an Economic Impact Payment has been moved to Nov. 21, five weeks beyond the original deadline. The additional time is solely for individuals who have not received their stimulus payment and who don’t normally file a return, the Internal Revenue Service said. For taxpayers who requested an extension to file
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David Rea, president of No. 1-rated financial advisor firm Salem Investment Counselors, said that, despite the pandemic, the firm’s “ability to manage stocks and bonds and to communicate with our clients is unchanged.” Salem Investment Counselors Stock prices are “OK” — neither cheap nor pricy — given prevailing interest rates and other factors like federal stimulus money
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Field audits down; streamlining taxes for social policies; bad-date boondoggle; and other highlights from our favorite tax bloggers. Time to panic Tax Vox (https://www.taxpolicycenter.org/taxvox): The Tax Policy Center has compared President Trump’s tax situation with other tax-filers in 2016, including those with adjusted gross income exceeding $1 million. The results are simultaneously stunning and yet
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October 6, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers, out now via Entrepreneur Press. Purchase from Amazon | Barnes & Noble | Bookshop | IndieBound.  Good record keeping is just good business. How you manage data, account for financial transactions and store and retrieve your records is
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