Business/Economic News Archives - Page 12 of 14 - North Light Financial Services

Gauging the Sequester’s Impact

Gauging the Sequester’s Impact Where and how soon might the cuts be made? As there was no last-minute agreement between Congress and the White House to postpone federal budget cuts scheduled to take effect March 1, the ax now falls. Unless a bipartisan effort somehow undoes them, assorted federal government agencies will have their budgets reduced by $85 billion between now and October 1, as the initial step in a planned $1.2 trillion deficit trimming over the next ten years. [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:30-04:00March 7th, 2013|Business/Economic News, Congress|Comments Off

The Debt Ceiling Dilemma

THE DEBT CEILING DILEMMA Tension eases for the moment, but contention remains. Global investors watch America anxiously. In late December, the U.S. technically reached its debt ceiling of approximately $16.4 trillion, with the federal government taking what Treasury Secretary Timothy Geithner called “extraordinary measures” to avert a default.1 Even as House GOP leaders announced plans Friday to approve a three-month increase in the federal debt limit, tension remains - and that tension could provoke a debt ceiling battle on [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:31-04:00February 5th, 2013|Business/Economic News, Congress|Comments Off

The Fiscal Cliff Deal & Your Taxes

THE FISCAL CLIFF DEAL & YOUR TAXES What will change (and won’t change) as a result of the new legislation. Several tax hikes, some tax breaks. Now that the fiscal cliff deal assembled in Congress is becoming law, it is time to look at some of the tax law changes that will result. Here are the major details in the bill, which will bring significant tax hikes to some households in an effort to increase federal revenues by $600 [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:31-04:00January 11th, 2013|Business/Economic News, Income Taxes, Personal Finance|Comments Off

The Big Tax Questions of 2013

THE BIG TAX QUESTIONS OF 2013 How will Congress resolve these issues? Decisions must be made. In the next couple of months, Congress will address several major tax matters. Here are the big questions looming. The Bush-era income tax cuts. Will the current 10%-15%-25%-28%-33%-35% federal tax rate structure give way to 15%-28%-31%-36%-39.6% tax brackets in 2013? After the election, some analysts feel a compromise will be struck to maintain some of the Bush-era cuts for another year. In 2013, you may [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:32-04:00November 15th, 2012|Business/Economic News, Income Taxes|Comments Off

Financial Considerations for 2013

FINANCIAL CONSIDERATIONS FOR 2013 We are now in plain view of the fiscal cliff. After the election,Congress may or may not end up keeping income and estate tax rates at their recent levels. Next year may bring some notable financial developments, and it isnt too soon for households to think about them. You may want to prioritize tax reduction. If the Bush-era tax cuts sunset, everyone will see higher taxes. The federal income tax brackets (10%, 15%, 25%, 28%, 33%, [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:32-04:00October 18th, 2012|Business/Economic News, Personal Finance|Comments Off