Month: June 2018



Trump Tariffs Bad For the Auto Industry?

We have all heard Donald Trump threaten China numerous times with tariffs on goods. But what is the real impact of these tariffs?  According to this article by the Investment Firm Moody’s, the threat of a 25% tariff on auto imports would disrupt the global supply chain and hurt car makers, parts makers and U.S. auto dealers.  Are the threat of these tariffs a small piece of what Trump is trying to do with the bigger picture – such as to get China to stop stealing our intellectual property?  Either way, this is an interesting article on tariffs and what kind of impact they can have around the world. 06.28.18

These places will pay you to live there

We came across this article over the weekend and found it very interesting.  The unemployment rate is down to 3.8% and there is a job opening for every person that is looking for a job.  The workforce is becoming very competitive and while we have seen companies pay hiring bonuses in the past, now you have areas that are giving employees incentives to move to their states and work there.  We believe the competition for employees will become even more fierce in the next 12 months as the unemployment rate is expected to drop down to the low 3% range. 06.18.18

What Taxpayers should know about Tax Returns

IRS Tax Tip 2018-90, June 12, 2018

The IRS recommends that taxpayers keep a copy of tax returns for at least three years. Doing so can help taxpayers prepare future tax returns or even assist with amending a prior year’s return. If a taxpayer is unable to locate copies of previous year tax returns, they should check with their software provider or tax preparer first. Tax returns are available from IRS for a fee. 06.12.18