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Monthly Archives: April 2022
40% of U.S. Small Businesses Plan to Raise Prices by at Least 10%
Four in ten of U.S. small businesses intend to raise selling prices by 10% or more amid rampant inflation says a National Federation of Independent Business survey. More than two-thirds of respondents plan to increase prices in the next three … Continue reading
Posted in General
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Education Department to Forgive $238 Million in Cosmetology School Student Loans
The Education Department said Thursday that it will cancel the loans of 28,000 student borrowers who attended a now-defunct for-profit chain of cosmetology schools. This is the latest move by the Biden administration to address the issue of student-debt forgiveness. … Continue reading
Posted in Debt
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Girl Scouts Lose Trademark Lawsuit Over Boy Scouts Marketing
A federal judge ruled that the Boy Scouts of America didn’t infringe on the Girl Scouts of the USA’s trademarks, saying the girls-only group failed to show any confusion from the Boy Scouts’ efforts to recruit girls into coed programming. … Continue reading
Posted in Lawsuits
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Lee’s Summit man submits plea in Leavenworth shooting that killed 1, injured 1
Lee’s Summit man has submitted a plea after being charged in connection with a shooting in Leavenworth that killed one person and injured another almost two years ago. According to the Leavenworth County attorney, 21-year-old Cody Joseph Nichols pleaded “no … Continue reading
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Business Owner Pleads Guilty to Failing to Pay $2 Million in Payroll, Employment Taxes
A Lafayette County, Missouri, business owner has pleaded guilty in federal court to failing to pay over nearly $2 million in payroll and employment taxes over a four-year period. Sandra Eller, 59, of Napoleon, Mo., waived her right to a … Continue reading
Posted in Taxation
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Why it may take longer than 21 days for some taxpayers to receive their federal refund
The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors or need more review and may take longer to process. The IRS works hard to get … Continue reading
Former Kentucky prosecutor, wife plead guilty to wire fraud
Michael T. Hogan was the county attorney in Lawrence County when he conspired with his wife to pocket delinquent tax funds collected by the office, according to the U.S. Attorney in Lexington. Federal prosecutors said Hogan paid his wife, Joy … Continue reading
Posted in Fraud, General
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Federal Student Loan Pause Extended Through August 31
Stressing about having to resume student loan payments? Take a breath because now you have more time to prepare. The U.S. Department of Education (Department) announced an extension of the pause on student loan repayment, interest, and collections through August … Continue reading
IRS reminds taxpayers an extension to file is not an extension to pay taxes
For most individual taxpayers the tax filing and payment deadline is Monday, April 18, 2022. Those who need more time to file can request an extension to file. Taxpayers must request an extension to file by April 18, or they … Continue reading
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Taxpayers should file their tax return on time to avoid costly interest and penalty fees
Taxpayers should file their tax return by the deadline even if they cannot pay their full tax bill. Taxpayers who owe tax and don’t file on time, may be charged a failure-to-file penalty. This penalty is usually five percent of … Continue reading
Posted in General, Taxation
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