By Jerry Reynolds Published 12:00 am CST, Saturday, November 17, 2018 Tax Code Section 179, the special deduction to write off equipment in the year purchased, was extended permanently in 2015. In 2018, this deduction allows businesses to write off up to $1 million worth of depreciable assets the year they are purchased, including machinery, heavy equipment, furniture and fixtures, and certain vehicles, mainly SUVs and pickup trucks. You have to have positive income, not a net loss for the year. You must purchase the vehicle by December 31, 2018 to get the write-off on your 2018 taxes. Bonus Depreciation Bonus Depreciation allows you to deduct a specified percentage of the cost of assets in the year of purchase. This deduction is allowed even if you do not have income, and has no max amount. You can use this for an unlimited number of purchases. The percentage is doubled to 100 percent for assets purchased after September 27, 2017. For assets purchased after then, the … [Read more...] about Self-employed, business owners can take advantage of tax deductions
Statutory maternity pay self employed
Cleaners working at Kensington and Chelsea town hall are celebrating a promise that they will get a pay rise and will be paid the London Living Wage. The pay increase was agreed after union reps for the United Voices of the World union met council leader Elizabeth Campbell and chief executive Barry Quirk. The meeting on Monday (September 4) came after the 16 shift workers who work for service company Amey staged a three-day strike at the town hall as they called for an increase from their £7.83 an hour wage. Union rep Petros Elia also interrupted a planning meeting to argue for a rise to £10.20 an hour, which is the voluntary London Living Wage. The council said details have to be worked out. A spokesman said: “We had positive talks and we hope the dialogue continues. "The aim is to ensure that everyone gets the London Living Wage who works at the council.” All council employees earn the London Living Wage or above, he said. He said the council would look at ways … [Read more...] about Cleaners earning just £7.83 an hour finally set to get pay rise
PUBLISHED: 18:57 13 August 2018 | UPDATED: 18:57 13 August 2018 Lucas Cumiskey Deimante Trumpaityte and her two sons were evicted from a flat in Drayton Park Mews, off the Holloway Road. Picture: Google Earth Archant A single mum on maternity leave and her two young kids have been evicted from their Holloway home by a “horrible” housing association – because she couldn’t pay a £2,000 bill up front. Former Islington Council worker Deimante Trumpaityte and her sons, aged six and five months old, lost their flat in Drayton Park Mews after she fell into £10,000 of rental arrears with the Islington and Shoreditch Housing Association (ISHA).The young family has been moved into temporary accommodation off the New North Road, where Deimante says screaming keeps her awake at night and she does not feel safe.But the 24-year-old, currently on maternity leave following the birth of her youngest, claims she could have kept her property … [Read more...] about Young family evicted from their Holloway home because they couldn’t pay £2,000 up front
Melissa Nann Burke and Beth LeBlanc The Detroit News Published 9:22 p.m. UTC Jul 18, 2018 Washington — U.S. House hopeful Rashida Tlaib has paid herself a $4,000-a-month salary from campaign funds, which is legal under federal rules and common, experts say. Tlaib, a former state lawmaker from Detroit, is running in the Democratic primary in the 13th District to succeed resigned U.S. Rep. John Conyers Jr. along with five other candidates. Tlaib reported her salary — $4,000 a month in May and June — in her latest filing with the Federal Election Commission. Tlaib says she took a leave of absence from her position as a lawyer for the Sugar Law Center for Economical & Social Justice to campaign, cutting down her hours at the firm to seven a week. Campaign donors want her to win and understand that entails stepping away from a steady paycheck to spend more time with voters, Tlaib said. “I pay exactly what I need for me … [Read more...] about U.S. House hopeful Tlaib pays self salary from campaign funds
Councils in central London have gender pay gaps ranging from 1% to 5% in their median hourly earnings between men and women. The figures were revealed under new legislation which means organisations employing more than 250 people have to disclose the differences in pay . They are represented as a median hourly rate - which takes all the wages from the highest to the lowest and looks at the hourly earnings of the worker in the middle. For women employed by the City of London Corporation, their earnings were 99p for every £1 their male counterparts get, calculated at a difference of 1.4%. Women make up 43% of the highest earners and 46% of those on the lowest wages. Read More Latest local elections news The City of London Corporation said it was "fully committed to providing equal pay and opportunity to all our employees". It has introduced new policies including improved maternity pay and shared parental and adoption leave, while there is a “gender anonymised” … [Read more...] about What are the gender pay gaps at central London councils?