Charles Blahous Presentation for Mercatus Center SSDI Panel Mercatus Center
The Social Security Disability Insurance (DI) trust fund’s projected 2016 depletion will require Congress to act soon to prevent large, sudden benefit cuts.
Experts on both sides of the aisle have noted that a “quick fix” of simply shifting payroll taxes from Social Security’s much larger retirement trust fund (OASI) into DI, without further reform, could cost Congress its last chance to solve Social Security’s broader financing problems before it is too late. What more responsible reform options are available?
The Mercatus Center and the Committee for a Responsible Federal Budget hosted a discussion on May 12 on how best to respond to SSDI’s financing crisis.
Stephen C. Goss Presentation for Mercatus Center SSDI PanelMercatus Center
The Social Security Disability Insurance (DI) trust fund’s projected 2016 depletion will require Congress to act soon to prevent large, sudden benefit cuts.
Experts on both sides of the aisle have noted that a “quick fix” of simply shifting payroll taxes from Social Security’s much larger retirement trust fund (OASI) into DI, without further reform, could cost Congress its last chance to solve Social Security’s broader financing problems before it is too late. What more responsible reform options are available?
The Mercatus Center and the Committee for a Responsible Federal Budget hosted a discussion on May 12 on how best to respond to SSDI’s financing crisis.
Webinar: So You Have a PPP Loan. Now What?PYA, P.C.
The CARES Act provides relief to small businesses through Paycheck Protection Program (PPP) loans, but receiving the loan is only the first part of the equation. PYA discussed what businesses need to know and do next.
Failure to fully understand the requirements for PPP loan forgiveness could cost employers money, at a time when every penny counts. Employers need to stay up-to-date on recent activities regarding the PPP loan forgiveness application, necessary documentation, and other best practices to ensure they are well-prepared for the next steps under the PPP.
As part of PYA’s ongoing commitment to sharing helpful guidance, Tax Principals Debbie Ernsberger and Mark Brumbelow outlined PPP loan forgiveness requirements and answered questions during a one-hour webinar on Wednesday, June 3, 2020.
Detailed information on the 2010 tax relief act including the benefits for individuals and businesses - provided by Carmel CPA Firm - Hayashi & Wayland.
Charles Blahous Presentation for Mercatus Center SSDI Panel Mercatus Center
The Social Security Disability Insurance (DI) trust fund’s projected 2016 depletion will require Congress to act soon to prevent large, sudden benefit cuts.
Experts on both sides of the aisle have noted that a “quick fix” of simply shifting payroll taxes from Social Security’s much larger retirement trust fund (OASI) into DI, without further reform, could cost Congress its last chance to solve Social Security’s broader financing problems before it is too late. What more responsible reform options are available?
The Mercatus Center and the Committee for a Responsible Federal Budget hosted a discussion on May 12 on how best to respond to SSDI’s financing crisis.
Stephen C. Goss Presentation for Mercatus Center SSDI PanelMercatus Center
The Social Security Disability Insurance (DI) trust fund’s projected 2016 depletion will require Congress to act soon to prevent large, sudden benefit cuts.
Experts on both sides of the aisle have noted that a “quick fix” of simply shifting payroll taxes from Social Security’s much larger retirement trust fund (OASI) into DI, without further reform, could cost Congress its last chance to solve Social Security’s broader financing problems before it is too late. What more responsible reform options are available?
The Mercatus Center and the Committee for a Responsible Federal Budget hosted a discussion on May 12 on how best to respond to SSDI’s financing crisis.
Webinar: So You Have a PPP Loan. Now What?PYA, P.C.
The CARES Act provides relief to small businesses through Paycheck Protection Program (PPP) loans, but receiving the loan is only the first part of the equation. PYA discussed what businesses need to know and do next.
Failure to fully understand the requirements for PPP loan forgiveness could cost employers money, at a time when every penny counts. Employers need to stay up-to-date on recent activities regarding the PPP loan forgiveness application, necessary documentation, and other best practices to ensure they are well-prepared for the next steps under the PPP.
As part of PYA’s ongoing commitment to sharing helpful guidance, Tax Principals Debbie Ernsberger and Mark Brumbelow outlined PPP loan forgiveness requirements and answered questions during a one-hour webinar on Wednesday, June 3, 2020.
Detailed information on the 2010 tax relief act including the benefits for individuals and businesses - provided by Carmel CPA Firm - Hayashi & Wayland.
Tackling debt, financial resilience and vulnerability at LACEFPolicy in Practice
Deven Ghelani, Director and founder of Policy in Practice, was invited to speak at the Local Authority Civil Enforcement Forum on the topic of 'Debt, Financial Resilience and Vulnerability'. He focused on our early intervention work on arrears with local authorities who are using data analytics insights to identify vulnerability, target support and track change.
For further information visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk
While most people think of permanent life insurance as a way to protect the financial security of their families, it can also serve as a powerful retirement tool.
With the introduction of the Obama Student Debt Forgiveness, it has become fairly simple and relaxing to deal with the student loans. Know more about it, contact us on 800-551-7187.
http://studentdebtcenter.org/
Have you factored Social Security benefits into your overall retirement strategy? Roy Kramer, CPA, CDFA, CDS, NSSA, a certified National Social Security Advisor and member, tax services at Brown Smith Wallace, discusses strategies that people often overlook when claiming Social Security benefits.
The mounting national debt is getting harder for Congress to ignore and lawmakers are turning to us for advice. Committee for a Responsible Federal Budget (CRFB) co-chair Mitch Daniels, Campaign to Fix the Debt co-chair Judd Gregg, and Fix the Debt steering committee and CRFB board member Alice Rivlin testified before the Joint Economic Committee of Congress on the national debt on September 8.
“CLA USA, Inc. is a financial services company with a safe and conservative approach to planning...an asset preservation philosophy. From IRA’s to surviving spouse needs...CLA USA focuses on the areas that concern you the most.”
January 2021 Tax Tips Newsletter
Harman CPA PDF Of Jan 2021 Newsletter Content
JANUARY 2021 NEWSLETTER CONTENT WHICH
APPEARED ON OUR WEBSITE
John Harman, CPA PLLC
1402 S. Custer Rd, S-102
McKinney, TX 75070
info@mckinneytax.com
Phone: (469) 742-0283
https://www.mckinneytax.com/
YouTube videos here: https://www.youtube.com/user/mckinneytax
John Harman, CPA PLLC, January 2021 Tax Tips Newsletter, mckinneytax, JANUARY 2021 NEWSLETTER
Consider the CMS core measures and the data used to support the re.docxmaxinesmith73660
Consider the CMS core measures and the data used to support the reporting. Which do you believe are the easiest to collect and which do you think are the most difficult to collect?
The Hamilton Project • Brookings 1
Introduction
The Earned Income Tax Credit (EITC) provides a refundable
tax credit to lower-income working families. In 2011, the EITC
reached 27.9 million tax filers at a total cost of $62.9 billion.
Almost 20 percent of tax filers receive the EITC, and the
average credit amount is $2,254 (IRS 2013). After expansions
to the EITC in the late 1980s through the late 1990s—under
Democrat and Republican administrations—the EITC now
occupies a central place in the U.S. safety net. Based on the
Census Bureau’s 2012 Supplemental Poverty Measure (SPM),
the EITC keeps 6.5 million people, including 3.3 million
children, out of poverty (Center on Budget and Policy
Priorities [CBPP] 2014a). No other tax or transfer program
prevents more children from living a life of poverty, and only
Social Security keeps more people above poverty.
Since the EITC is only eligible to tax filers who work, the
credit’s impact on poverty takes place through encouraging
employment by ensuring greater pay after taxes. The empirical
research shows that the tax credit translates into sizable
and robust increases in employment (Eissa and Liebman
1996; Meyer and Rosenbaum 2000, 2001). Thus, the credit
reduces poverty through two channels: the actual credit, and
increases in family earnings. This dual feature gives the EITC
a unique place in the U.S. safety net; in contrast, many other
programs redistribute income while, at least to some degree,
discouraging work. Importantly, transferring income while
encouraging work makes the EITC an efficient and cost-
effective policy for increasing the after-tax income of low-
earning Americans.
Yet a program of this size and impact could be more equitable
in its reach. Under the current design of the EITC, childless
earners and families with only one child, for instance, receive
disproportionately lower refunds.
In 2014, families with two children (three or more children) are
eligible for a maximum credit of $5,460 ($6,143) compared to
$3,305 for families with one child. Married couples, despite their
larger family sizes, receive only modestly more-generous EITC
benefits compared to single filers.1 Childless earners benefit little
from the EITC, and have a maximum credit of only $496—less
than 10 percent of the two-child credit.
Prominent proposals seek to mitigate these inequalities.
President Obama’s fiscal year 2015 budget includes an expansion
of the childless EITC, a concept outlined by John Karl Scholz in
2007 in a proposal for The Hamilton Project. Notably, MDRC
is currently evaluating Paycheck Plus, a pilot program for an
expanded EITC for workers without dependent children, for
the New York City Center for Economic Opportunity (MDRC
2014). The recent Hamilton Project pr.
Tackling debt, financial resilience and vulnerability at LACEFPolicy in Practice
Deven Ghelani, Director and founder of Policy in Practice, was invited to speak at the Local Authority Civil Enforcement Forum on the topic of 'Debt, Financial Resilience and Vulnerability'. He focused on our early intervention work on arrears with local authorities who are using data analytics insights to identify vulnerability, target support and track change.
For further information visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk
While most people think of permanent life insurance as a way to protect the financial security of their families, it can also serve as a powerful retirement tool.
With the introduction of the Obama Student Debt Forgiveness, it has become fairly simple and relaxing to deal with the student loans. Know more about it, contact us on 800-551-7187.
http://studentdebtcenter.org/
Have you factored Social Security benefits into your overall retirement strategy? Roy Kramer, CPA, CDFA, CDS, NSSA, a certified National Social Security Advisor and member, tax services at Brown Smith Wallace, discusses strategies that people often overlook when claiming Social Security benefits.
The mounting national debt is getting harder for Congress to ignore and lawmakers are turning to us for advice. Committee for a Responsible Federal Budget (CRFB) co-chair Mitch Daniels, Campaign to Fix the Debt co-chair Judd Gregg, and Fix the Debt steering committee and CRFB board member Alice Rivlin testified before the Joint Economic Committee of Congress on the national debt on September 8.
“CLA USA, Inc. is a financial services company with a safe and conservative approach to planning...an asset preservation philosophy. From IRA’s to surviving spouse needs...CLA USA focuses on the areas that concern you the most.”
January 2021 Tax Tips Newsletter
Harman CPA PDF Of Jan 2021 Newsletter Content
JANUARY 2021 NEWSLETTER CONTENT WHICH
APPEARED ON OUR WEBSITE
John Harman, CPA PLLC
1402 S. Custer Rd, S-102
McKinney, TX 75070
info@mckinneytax.com
Phone: (469) 742-0283
https://www.mckinneytax.com/
YouTube videos here: https://www.youtube.com/user/mckinneytax
John Harman, CPA PLLC, January 2021 Tax Tips Newsletter, mckinneytax, JANUARY 2021 NEWSLETTER
Consider the CMS core measures and the data used to support the re.docxmaxinesmith73660
Consider the CMS core measures and the data used to support the reporting. Which do you believe are the easiest to collect and which do you think are the most difficult to collect?
The Hamilton Project • Brookings 1
Introduction
The Earned Income Tax Credit (EITC) provides a refundable
tax credit to lower-income working families. In 2011, the EITC
reached 27.9 million tax filers at a total cost of $62.9 billion.
Almost 20 percent of tax filers receive the EITC, and the
average credit amount is $2,254 (IRS 2013). After expansions
to the EITC in the late 1980s through the late 1990s—under
Democrat and Republican administrations—the EITC now
occupies a central place in the U.S. safety net. Based on the
Census Bureau’s 2012 Supplemental Poverty Measure (SPM),
the EITC keeps 6.5 million people, including 3.3 million
children, out of poverty (Center on Budget and Policy
Priorities [CBPP] 2014a). No other tax or transfer program
prevents more children from living a life of poverty, and only
Social Security keeps more people above poverty.
Since the EITC is only eligible to tax filers who work, the
credit’s impact on poverty takes place through encouraging
employment by ensuring greater pay after taxes. The empirical
research shows that the tax credit translates into sizable
and robust increases in employment (Eissa and Liebman
1996; Meyer and Rosenbaum 2000, 2001). Thus, the credit
reduces poverty through two channels: the actual credit, and
increases in family earnings. This dual feature gives the EITC
a unique place in the U.S. safety net; in contrast, many other
programs redistribute income while, at least to some degree,
discouraging work. Importantly, transferring income while
encouraging work makes the EITC an efficient and cost-
effective policy for increasing the after-tax income of low-
earning Americans.
Yet a program of this size and impact could be more equitable
in its reach. Under the current design of the EITC, childless
earners and families with only one child, for instance, receive
disproportionately lower refunds.
In 2014, families with two children (three or more children) are
eligible for a maximum credit of $5,460 ($6,143) compared to
$3,305 for families with one child. Married couples, despite their
larger family sizes, receive only modestly more-generous EITC
benefits compared to single filers.1 Childless earners benefit little
from the EITC, and have a maximum credit of only $496—less
than 10 percent of the two-child credit.
Prominent proposals seek to mitigate these inequalities.
President Obama’s fiscal year 2015 budget includes an expansion
of the childless EITC, a concept outlined by John Karl Scholz in
2007 in a proposal for The Hamilton Project. Notably, MDRC
is currently evaluating Paycheck Plus, a pilot program for an
expanded EITC for workers without dependent children, for
the New York City Center for Economic Opportunity (MDRC
2014). The recent Hamilton Project pr.
The Pay as you Earn proposal will be available to more than 1.2 millions student borrowers and open new opportunities to them if they wish to consolidate Federal Student Loans more efficiently. The effect already took shape in 2014 and the statistics now suggest that the new income groups will profit from the scheme from 2017.
The President of United States announced some important changes in the Federal loan system. The actual implementation of the changes made to the federal student loans forgiveness may or may not live up to the expectations of the borrowers unless properly communicated.
We are facing some very difficult budget choices and challenges for Massachusetts for Fiscal Year 2011 (July 2010 - July 2011). Governor Patrick and his administration are holding a series of hearings and forums around the state to get input and ideas from citizens where this presentation is included. To learn more about the hearings and forums, visit www.mass.gov/governor/forums
If you weren't able to make a hearing or forum or want to be prepared before you attend one, this presentation is about 9 minutes long and will give you a basic overview of the budget situation. Please review it, then visit our blog at www.mass.gov/blog/engage to comment and share your ideas.
Availing student loans in USA is no longer a burden if you are covered by the Obama Student Loan Forgiveness system.Here are top frequently asked questions related to the novel and progressive reform.
Small business owners guide to the cares actVijar Kohli
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will
be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax
provisions that are outside the scope of SBA.
Similar to What happens to your HECS-HELP debt when you die? (20)
Introducing New Government Regulation on Toll Road.pdfAHRP Law Firm
For nearly two decades, Government Regulation Number 15 of 2005 on Toll Roads ("GR No. 15/2005") has served as the cornerstone of toll road legislation. However, with the emergence of various new developments and legal requirements, the Government has enacted Government Regulation Number 23 of 2024 on Toll Roads to replace GR No. 15/2005. This new regulation introduces several provisions impacting toll business entities and toll road users. Find out more out insights about this topic in our Legal Brief publication.
RIGHTS OF VICTIM EDITED PRESENTATION(SAIF JAVED).pptxOmGod1
Victims of crime have a range of rights designed to ensure their protection, support, and participation in the justice system. These rights include the right to be treated with dignity and respect, the right to be informed about the progress of their case, and the right to be heard during legal proceedings. Victims are entitled to protection from intimidation and harm, access to support services such as counseling and medical care, and the right to restitution from the offender. Additionally, many jurisdictions provide victims with the right to participate in parole hearings and the right to privacy to protect their personal information from public disclosure. These rights aim to acknowledge the impact of crime on victims and to provide them with the necessary resources and involvement in the judicial process.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
DNA Testing in Civil and Criminal Matters.pptxpatrons legal
Get insights into DNA testing and its application in civil and criminal matters. Find out how it contributes to fair and accurate legal proceedings. For more information: https://www.patronslegal.com/criminal-litigation.html
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
Visit Now: https://www.tumblr.com/trademark-quick/751620857551634432/ensure-legal-protection-file-your-trademark-with?source=share
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
Military Commissions details LtCol Thomas Jasper as Detailed Defense Counsel
What happens to your HECS-HELP debt when you die?
1. What happens to your HECS debt
when you die?
Does HECS debt act like other debt and
come out of the deceased estate?
2. What is HECS debt? HECS-HELP is a government loan scheme that helps
eligible Commonwealth supported students to pay
their upfront education fees.
Currently, this loan is only available for approved
students in Commonwealth approved courses.
As of the 2018-2019 financial year, once the student
begins to earn over $51, 957 per year, they will need to
start paying back increments of their HECS Debt.
3. How is HECS debt
different from
normal debt?
HECS debt is different from other forms of debt;
1. You only start paying it off once you earn over
the repayment threshold
2. The repayments are based on your total income
earnings, not the remaining balance of your debt
3. There is zero interest (besides inflation
adjustments)
4. It doesn’t count as a typical loan when you
borrow money from the bank (however the
impact on your income after repayments is
considered)
And, most importantly ...
4. What currently
happens to your
HECS debt when
you die?
You don’t have to pay back your HECS debt if you die!
According to the Government, if you pass away with
an outstanding HECS debt, a trustee or executor for
your estate will need to pay what was owed for that
financial year.
A deceased person’s estate is only liable to pay any
compulsory HECS repayments that relate to their
income in the period before the person’s death.
Any remaining HECS/HELP debt is cancelled upon
the person’s death.
5. Does my HECS debt
follow me
overseas?
It didn’t used to.
However, from 1 July 2017 new repayment obligations
for people with a HECS, HELP or Trade Support Loan
(TSL) debt who are living and working overseas came
into place.
If your worldwide income is above the minimum
repayment threshold of A$51,957 you will need to
make repayments based on this income - the same as
you would if you were in Australia.
6. What changes have
been proposed to
the HECS scheme?
The cost of higher education is rapidly escalating and
increasing the burden on Australian taxpayers.
Since 2009, taxpayer funding for Commonwealth
supported places in higher education increased by
59%, approximately twice the rate of growth in the
economy.
According to leading higher education analysts,
removing the complete write-off of HECS debt on
estates over $100,000 could save up to $800 million a
year.
7. What changes have
been proposed to
the HECS scheme?
More recently, the coalition government has
announced plans to lower the repayment threshold
even further, to $45,000 per annum.
These changes will not go into effect until the 2018-
2019 financial year.
If and when this Coalition bill passes, those earning
over $45,000 will have to start paying their debt.
Importantly, this change will also affect those
students currently studying - if they earn over the
threshold.
8. Contact Us! If you have any further queries about HECS debt, don’t
hesitate to contact us on
1800 770 780 or ohl@owenhodge.com.au
