Category: Business News

Businesses Would Get Lots of Tax Savings Under House GOP Plan Kiplinger Tax Letter

The House GOP tax plan indicates what’s to come if Republicans control Congress and the White House after 2024.

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our highly experienced team (Get a free issue of The Kiplinger Tax Letter or subscribe). You can only get the full array of advice by subscribing to the Tax Letter, but we will regularly feature snippets from it online, and here is

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Taxes in Canada: Should you pay with a credit card

Are you debating whether you should pay your taxes off with a credit card? This year, more than 6.5 million Canadians owe taxes, with an average balance of $6,990, according to the CRA’s 2023 personal income tax return statistics.

Paying your taxes off with a credit card could work to your benefit. However, there are also some considerable drawbacks to take into account. Below, I’ll discuss some of the pros and cons of paying the CRA with your credit card and outline some of the best alternatives.

HOW TO PAY THE CRA

Thankfully, the Canada Revenue Agency makes it incredibly

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Retail sales bolster case for Bank of Canada July rate hike

Canadians are still spending despite high inflation and interest rates

Published June 21, 2023 • Last updated 6 days ago • 2 minute read

Retail sales are on the rise after two months of declines, suggesting Canadians' spending power remains resilient.
Retail sales are on the rise after two months of declines, suggesting Canadians’ spending power remains resilient. Photo by Peter J. Thompson/National Post

Sales at retail stores are on the rise after two months of declines, suggesting Canadians’ spending power remains resilient despite tightening economic conditions.

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The Dangers of the EHR

Electronic Health Records can be an incredibly helpful tool. However, they are not without fault. A recent warning highlights that electronic health records (EHRs) are a top target of cybercriminals. They can also lead to inappropriate billing if they are not set up correctly.

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The Health Sector Cybersecurity Coordination Center (HC3) issued a warning to healthcare entities regarding EHR vulnerabilities and protections.

Protected health information (PHI) continues to hold its …

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American companies are draining their cash at the dumbest possible time

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.


New York
CNN
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Companies are sitting on a lot less cash than they were last year, in part because they’re spending it on share buybacks and corporate dividends.

While shareholders may be chuffed by that news, the slumping economy, surging interest rates and a credit crunch may mean US firms come to regret reducing their cash buffers.

The largest companies

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New investigation targets company executives

Connecticut’s attorney general has announced an investigation into Hyundai and Kia concerning the companies’ failure to equip millions of their vehicles with modern anti-theft technology.

In a press release Tuesday, Attorney General William Tong accused the Korean automakers of ignoring repeated calls to install the hardware, known as an engine immobilizer. The technology can prevent vehicles from being hot-wired and stolen.

In recent viral social media posts, individuals can be seen quickly starting the car using a USB cable.

“We have called on Hyundai and Kia over and over again to make this right and address the glaring public safety

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Telus scraps 1.5% credit card surcharge on customer bills

Telus has reversed its decision to charge an extra fee to customers who use a credit card to pay their bills.

Last fall, the telecom company announced it would start charging some of those customers a fee of up to 1.5 per cent.

That change came about as a result of a settlement between credit card companies and merchants that would allow merchants to start passing on the cost of fees known as interchange fees directly to customers.

Telus was among the first companies to attempt to do so, notifying customers last summer of its plans. When asked for comment

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Closed Jackson College campus building sold, social district thriving and more Jackson County business news

JACKSON COUNTY, MI – From the Jackson College Foundation selling a building that housed a college campus to a thriving downtown Jackson social district, there is a lot going on in the Jackson area.

Here’s some recent Jackson-area business news you might have missed.

Get a taste of Hawaiian, Island cuisine at Ben’s Island Grindz

Ben Snyder and his girlfriend Holly Lippmann had a dream of starting a food truck offering something Jackson didn’t have.

They remembered their previous travels to places like Hawaii, Mexico and Costa Rica. After eating their way through the islands and countries, they realized island

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