You hear a lot of worrying about mounting government debt because many people are convinced that public debt is a main source of problems for any economy. And currently the debt ceiling limit – the legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, essentially limiting how much money the federal government can borrow, is suspended through the end of July.
The National Federation of Independent Business was founded in 1943 and is the largest small business association in the U.S. The NFIB collects data from small and independent businesses and publishes their Small Business Economic Trends data on the second Tuesday of each month. The Index is a composite of 10 components based on expectations for: employment, capital outlays, inventories, the economy, sales, inventory, job openings, credit, growth and earnings.
Although a year away, your 2021 tax planning should have already started.
Amidst all the pandemic news and 2020 election drama, many might have missed that the IRS also quietly published new 2021 tax rates in late October and a there are plenty of changes that will impact taxpayers in 2021. While it’s more than a year away (these changes are for 2021 returns filed by taxpayers in 2022), there are a few changes that you should know about.
