• Thu, February 13, 2025

by: Investopedia

The IRS Is Watching: 5 Red Flags That Could Trigger an Audit

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the chances that your return will be audited.

by: Forbes

How Americans Will Prioritize Their Finances in 2025: Spending, Saving And The Debt Dilemma

The financial landscape in 2025 is shaping up to be anything but predictable. With shifting economic policies, lingering inflation pressures and consumer debt reaching new highs, the question isn't just whether Americans can stretch their dollars—it's how far those dollars will actually go.

by: Fortune

Netflix cooked up a new live experience for customers: A Las Vegas restaurant serving 'Squid Game' cocktails and a 'Bridgerton' tea

This isn't the first time Netflix has made a foray into the restaurant business.

by: MSN

I-T Bill 2025 referred to Parliament's select committee

A parliamentary committee will review the new Income Tax bill introduced by Finance Minister Nirmala Sitharaman. This bill aims to simplify the existing tax code by reducing the number of sections and word count significantly,

by: Reuters

US power companies increase data center demand spending as DeepSeek fears wane

U.S. electric utilities are adding tens of billions of dollars to spending plans to build new power supplies and bolster the grid as data centers for artificial intelligence and cloud computing drive up energy demand.

by: Reuters

Exclusive: Blackstone seeks $800 million loan to finance New York office purchase, sources say

Blackstone plans to take out a loan of about $800 million to finance the purchase of a stake in a 50-story office building in New York City, according to two sources familiar with the matter.

by: MSN

President/CEO of La. Association of Business and Industry visits Cenla

Will Green, the President and CEO of the Louisiana Association of Business and Industry, stopped in Alexandria to share a recap of 2024 in the legislature.

by: Forbes

Crypto, Interest Rates And AI: How To Navigate 2025 Macro Economics

How to think about Crypto, interest rates, and AI-driven labor market shifts that are set to shape global business, investment, and policymaking.

by: Reuters

Walmart in Mexico posts 1.4% bump in fourth-quarter profit

Walmart's Mexico and Central America unit reported a 1.4% bump in its fourth-quarter net profit on Thursday, coming in at 15.2 billion pesos.

by: MSN

These Married Co-Founders Reveal How '30-Minute' and '$10,000' Rules Helped Set Their Business on Track for $1 Billion

Ankur and Aditi Daga both had family ties to the jewelry business — and their own vision for shaking up the industry in the U.S.

by: MSN

Elon Musk: U.S. should leave countries to their own business

Elon Musk streamed into the World Governments Summit in Dubai and weighed in his overhaul of U.S. government, his bid for OpenAI, the most important part of AI safety and more. CNN's Anna Stewart and Becky Anderson discuss.

by: MSN

Coinbase Stock Jumps on Earnings. People Are Interested in Crypto Again.

Donald Trump's return to the White House helped the company to blow past analysts' expectations in the fourth quarter.

by: MSN

Cancer Daily Horoscope Today (June 21 - July 22) February 14, 2025: Influence will rise!

Cancer Money Horoscope Today Banking activities will be a priority. You will advance family businesses. Business growth will continue. Enthusiasm for financial matters will remain high. Careers and business will flourish.

by: MSN

Trump-linked World Liberty Financial announces new strategic token reserve

The platform is hoping the strategic token reserve will form a "robust financial backbone" for the Trump family crypto venture.
  • Fri, February 14, 2025

by: fingerlakes1

Canandaigua officials talk DRI, major housing project, and public art initiative

The Canandaigua Planning and Finance Committee tackled key development and infrastructure issues during its February 10 meeting, covering the city's long-awaited downtown revitalization funding, a proposed housing subdivision, and a public art initiative aimed at enhancing community spaces.

by: MediaNama

Playing Cat And Mouse With Scammers: How Babu Pooniawalla Took Down Over 8300 Fake Apps

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by: Zawya

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by: Moneycontrol

Hindalco sees neutral-to-positive impact on its US business from Trump tariff

Novelis, its US subsidiary that supplies premium aluminium sheet and foil products to the beverage can, automotive, aerospace and speciality markets, could actually benefit, said MD Satish Pai. The effect on parent Hindalco would be minimal since the US market constitutes a minuscule part of its exports.

by: cnbctv18

RBI penalises Nainital Bank and Ujjivan SFB for regulatory violations

RBI clarified that these penalties were imposed solely for regulatory lapses and do not affect the validity of any transactions between the banks and their customers.

by: AOL

Newman: Trump's biggest economic vulnerability has emerged

Three weeks into his second presidential term, Donald Trump is largely getting his way on Cabinet nominees, deregulation, deportation and Elon Musk's dismantling of the federal bureaucracy. His biggest priority, a huge set of tax cuts requiring Congressional legislation, is coming into focus.

by: businessday

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by: Diginomica

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by: Vanguard

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by: AOL

Can You Write Off Your Home Insurance on Your Taxes?

As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for every possible deduction to reduce their taxable income. One question you

by: Zawya

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This landmark partnership between SAP and Databricks marks a new era in enterprise data management as two leaders in their domains come together to redefine how applications and data platforms work together.

by: Zawya

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by: AOL

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by: Zawya

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by: Forbes

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by: Forbes

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By integrating advanced AI and machine learning technologies, we, just as other tech leaders can, are driving business growth and cultivating new financial ecosystems.

by: Reuters

Colombia sets 1% temporary tax on fossil fuel output

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by: Reuters

Exclusive: BNP investors consider bank's long-term CEO succession plans, sources say

Investors in BNP Paribas are starting to consider who might lead the bank once long-time chief executive Jean-Laurent Bonnafe leaves amid a scarcity of obvious internal candidates to succeed him, sources familiar with the matter said.

by: Reuters

WestJet, Lufthansa Technik sign agreement for aircraft engine maintenance

Canadian carrier WestJet and Germany's Lufthansa Technik have signed a multi-billion dollar agreement for engine maintenance services, the companies said on Thursday.

by: Reuters

Payments group Adyen's shares surge on full-year profit beat

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by: Reuters

UK government pushes antitrust regulator to be 'less risk averse'

British business secretary Jonathan Reynolds on Thursday demanded the country's competition watchdog be "more agile" and "less risk averse," pushing the regulator to better align with the government's growth agenda.

by: Reuters

VW, Audi consider keeping combustion engines longer in Europe - Handelsblatt

German carmakers Volkswagen and Audi are considering allowing some combustion engine models to run longer in Europe, the Handelsblatt business news outlet reported on Thursday citing sources.

by: MSN

Sisters acquire Brighouse eatery Brook's promising to continue 35-year success

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: MSN

Clashes, drama and heaps of debt: Inside the dramatic collapse of RBG Holding

Trading suspended, lawyers fleeing and pending insolvency. What happened at the listed legal business RBG Holding?

by: MSN

Kroger names PepsiCo exec as new CFO

Foley has been with Kroger since 2001, when he started as an audit manager. He went on to become controller of the Cincinnati-Dayton Division in 2003 and then assistant corporate

by: MSN

The Week in Numbers: Trump tariffs, and tech bros at war

From Donald Trump pressing ahead with tariffs, to Elon Musk and Sam Altman at odds again, we round up the big stories in business and finance over the week to. Francis Maguire reports.

by: MSN

Big Tech CEOs Join $1 Billion Rush for English Cricket

Indian industrialists, American sports investors and technology executives joined a bidding war for franchises in a startup cricket league

by: MSN

Starbucks' CEO is plotting a huge expansion in the Middle East and China

Starbucks plans to open 500 new stores in the Middle East and "many more thousands" in China, said Brian Niccol, the company's CEO.

by: MSN

New Boot Barn 'doing great business' since opening in Big Flats. What to know about store

"Boot Barn is something that was really needed in this area," said a manager as the new store plans its formal grand opening.

by: MSN

Starbucks' CEO is planning a huge expansion in the Middle East and China

Starbucks plans to open 500 new stores in the Middle East and "many more thousands" in China, said Brian Niccol, the company's CEO.

by: MSN

Meet Shapoor Mistry: The elder brother of Cyrus Mistry leading the 155-year-old Shapoorji Pallonji Group | Career, lifestyle, and net worth

Shapoor Mistry, the elder son of Pallonji Mistry, leads the 155-year-old Shapoorji Pallonji Group after the passing of his father and brother, Cyrus Mistry. Overseeing a $30 billion empire with an 18.

by: MSN

PAN and Aadhaar: What will be the effect of the new income tax bill on your PAN and Aadhaar, know full details here..

The new Income Tax Bill has been introduced in the Lok Sabha. Finance Minister Nirmala Sitharaman has introduced it. Through this bill, there will be many big and important changes related to income tax.

by: MSN

Oldest Black-owned business in Naples celebrates half a century

The British have enjoyed a Sunday roast for generations, but the tradition is changing. Chef Tom Kerridge, owner of the world's only two Michelin-starred pub, explained the dish's evolution - as well as what makes it so beloved.

by: MSN

Wall Street CEOs arrive at Washington to fix crypto debanking at the Hill

The IRS Is Watching: 5 Red Flags That Could Trigger an Audit

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the chances that your return will be audited.
The article from Investopedia outlines several red flags that might trigger an IRS audit. Key points include: discrepancies between reported income and W-2 or 1099 forms, claiming unusually high deductions or losses relative to income, especially in categories like home office or charitable contributions; engaging in cash-intensive businesses like restaurants or bars where income can be underreported; failing to report all income, including foreign accounts or cryptocurrency transactions; claiming 100% business use of a vehicle; and having a high income which statistically increases audit likelihood. Additionally, the article mentions that certain types of income or deductions, like those from rental properties or self-employment, are more scrutinized. The IRS uses algorithms and random selection to decide which returns to audit, but these red flags significantly increase the chances of an audit.

Read the Full Investopedia Article at:
https://www.investopedia.com/red-flags-trigger-an-audit-8787649

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There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances of drawing unwanted attention from the IRS.