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Archive for Economy

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Recession Special: Everything at Walmart

Recession Special: Everything at Walmart

Apparently, the recession hurts less at Walmart. A recent survey of American consumers had some interesting results: people are a lot less interested in shopping than they have been in decades and are turning to discount retailers like Walmart to ease their financial pain.
“This is the first time in 30 years of consumer surveys that [...]

The “What If” Tax Questions of an Economic Downturn

What if I lose my job?  Is my unemployment check taxable? Can I afford to take money out of my retirement account? These are just a few of the “What If” questions people are dealing with these days.
The IRS recognizes that many people are going through difficult times financially.  Often, there is a tax impact [...]

2008 Tax Advice For The Unemployed

2008 Tax Advice For The Unemployed

We reported last week that the IRS would be relaxing certain restrictions for those taxpayers hurt by the recession. CNNMoney ran an article, though, that reminds us all that, despite the economy, you probably aren’t out of the woods just yet. Here is some of their tax advice:
Do I still have to pay tax if [...]

Obama To Invest At Least $1 Billion Into Business Incubators

Obama To Invest At Least $1 Billion Into Business Incubators

President-Elect Barack Obama plans to invest $250 million in government funds into business incubators every year as president, totaling $1 billion over four years. The move, which he says will encourage entrepreneurship by faciliating networking, business mentorships, and the free flow of innovative ideas, is part of an overarching strategy to help stop the bleeding [...]

6 Tips for Free (and Almost Free) Marketing

6 Tips for Free (and Almost Free) Marketing

In these lean economic times, small businesses should look for ways to cut costs. Though you might not need to alter your entire marketing strategy, the following tips can be helpful to keep the marketing engines running on a little less fuel than normal.

Companies Cutting Costs and Shedding Jobs

Companies Cutting Costs and Shedding Jobs

A government report issued Friday announced that the U.S. economy lost 533,000 jobs in November, bringing this year’s total to 1.9 million jobs lost. This was the worst monthly job loss since December 1974.