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By Kemberley Washington, CPA, Bankrate.com (TNS) As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. When it comes to tax strategies, generally Dec. 31 is the deadline to make changes that might lower your tax bill. One major exception is the deadline for contributing to a Roth or traditional IRA : You have until April 15, 2025, to make a contribution to a Roth or traditional IRA for tax year 2024. If you qualify for deductible IRA contributions , then a contribution to your traditional IRA can reduce your taxable income for 2024. Here are tips and strategies to prepare now for the 2025 tax-filing deadline. If you had significant changes in your life in 2024 — maybe you got married or divorced, started your own business, or had to claim unemployment benefits — your taxes may be more complicated. As a result, you might need to hire a certified public accountant (CPA), enrolled agent (EA) or other tax professional to prepare and file your taxes. If you decide to hire someone, it’s best to start planning for that sooner rather than later. Waiting until the calendar flips to April could cost you. The average fee for a professional to prepare and file a simple Form 1040 tax return, with no itemized deductions, is about $220, according to a survey by the National Society of Accountants in 2020-2021, the most recent data available. But that amount rises quickly for more complex returns, and varies depending on where you live. For example, a Form 1040 with itemized deductions costs an average of $432 in states on the Pacific Coast, compared with $285 in New England. No matter where you live, prices usually rise as the tax deadline approaches, so it’s smart to start searching for a tax pro soon. If you’re uncomfortable doing your taxes on your own and can’t afford a CPA, enrolled agent or other tax pro, or to pay for tax software , there are free options to consider. The IRS currently offers three ways to prepare your taxes for free: •With the IRS Free File program, the IRS partners with for-profit tax-software companies that offer free tax-prep software to eligible taxpayers so they can file their federal tax returns for free. Some taxpayers may also qualify for a free state tax filing, depending on the software provider. In January, the IRS will announce the income limit to qualify for the program for the 2025 tax season (for filing 2024 tax returns). For the 2024 tax season (2023 tax returns), taxpayers’ adjusted gross income (AGI) couldn’t exceed $79,000. •The IRS also offers its Direct File program, a free tool that allows you to file your federal income tax return directly with the IRS at no cost. The program supports simple tax returns and is available only in certain states. Check to see if you qualify here. •Another free-filing option is the Volunteer Income Tax Assistance (VITA) program. IRS-certified volunteers offer free basic tax preparation in person to people who earn less than $67,000 a year, are disabled or whose English is limited. The IRS has an online location tool for hundreds of free tax preparation sites in the U.S. (the locator tool is updated from February through April). Some VITA sites also offer online tax-prep assistance. Now is a good time to create an IRS online account. If you want to see your Form 1040 from last year, or you’re missing a prior year Form W-2 or mortgage interest statement, you can find your documents using this free tax tool. Another benefit of creating an IRS online account is that it allows you to quickly obtain your prior year’s tax information without sitting on the phone for hours with an IRS representative, says Carl Johnson, a certified public accountant in New Orleans. An IRS online account also lets you view your account balance and payment history for each year. You can also create a payment plan to settle your federal income tax debt within minutes. If you’re 73 years old and have enjoyed watching your 401(k) or IRA grow tax-free without touching it, remember that the IRS is going to want its share each year. That means you’ll have to make withdrawals — and pay income tax. If you turned 73 in 2024, plan to take your required minimum distribution (RMD) at the latest by April 1, 2025. Read this IRS bulletin for more information. The amount of your RMDs is based on your age and the year-end values of your retirement accounts. A Roth IRA has two big tax advantages over a traditional IRA : Qualified withdrawals are not considered income for federal (and usually state) tax purposes, and you don’t have to take distributions from a Roth every year once you reach age 73. Converting a traditional IRA to a Roth IRA may save you money in the long run. Just know that when you convert an IRA to a Roth, it’s considered taxable income, which will raise your tax bill for that year. Generally, it’s best to convert to a Roth IRA when you’re in a low-income year. As tax season approaches, many people start receiving phone calls, emails and texts from entities claiming to be the IRS. Be wary, and understand that these are scams. Typically, the IRS will mail you a notice before using any other method of communication to notify you concerning issues with your tax return. The IRS won’t reach out via social media or text messaging. Relatedly, the IRS warns taxpayers to be careful when choosing a tax preparer. Taking time to vet your tax preparer is crucial to protect yourself from tax scams and fraud. Before hiring a tax professional, search that person’s name in the IRS database of federal tax return preparers to avoid dishonest “professionals.” “Taxpayers should check the tax professional’s credentials,” Johnson says. Tax pros without credentials “may take questionable positions without any degree of scrutiny or fear of losing their access to the profession,” Johnson says. Taxpayers who don’t file a tax return and owe a tax bill, or who file but don’t pay their tax bill on time, risk severe penalties. The IRS can even seize assets if necessary. Respond quickly if the IRS has been sending you letters because it found an error on your return or claims you owe back taxes. Typically, the IRS will send you a notice if you have a balance due, changes were made to your tax return, or the agency needs additional information. “If you ignore a collection letter from the IRS, you may face wage garnishments, liens, bank levies, and other adverse action. And in some cases, the amount due may increase for failure to respond,” Johnson says. Keep in mind the IRS does offer installment plans and other payment plans. Make copies of your correspondence and use only the U.S. Postal Service, the postmark from which is your proof of timeliness when responding. But whatever you do, don’t ignore the IRS because this may cause more issues in the future. ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.7 tips to prepare for next year’s taxes now5gbet fortune rabbit

MMIS Inc. Celebrates Over Two Decades of Excellence in Custom Spice Blending and Packaging 12-23-2024 07:22 PM CET | Fashion, Lifestyle, Trends Press release from: Getnews MMIS Inc., a trusted leader in the food manufacturing industry, proudly marks over two decades of innovation and excellence in custom spice blending and packaging. With a steadfast commitment to quality and a reputation for meeting the evolving needs of its customers, MMIS continues to set the benchmark for custom spice solutions across North America. Since its inception in 2001, MMIS has specialized in blending spice formulas tailored to meet the unique requirements of its clients. The company's dedication to delivering consistent, high-quality products has been a driving force behind its success. From humble beginnings, MMIS has grown into a trusted partner for food manufacturers, offering a comprehensive range of services that include custom spice blending and packaging [ https://mmis.ca/custom-blending/ ], innovative packaging solutions, and unmatched customer service. A Commitment to Quality and Food Safety Central to MMIS's operations is its unwavering commitment to food safety and quality assurance. The company achieved Safe Quality Food (SQF) certification in 2017, a globally recognized standard that underscores its adherence to the highest levels of food safety. This milestone reflects MMIS's dedication to not only meeting but exceeding industry standards. In addition to its SQF certification, MMIS has expanded its capabilities to include certifications for Organic and Kosher products, enabling the company to cater to a broader range of consumer preferences. These certifications have positioned MMIS as a trusted source for high-quality, certified spice blends that meet the rigorous demands of today's health-conscious and ethically minded consumers. Innovation Through Clean Label Solutions As consumer preferences continue to shift toward transparency and natural ingredients, MMIS has been at the forefront of the clean label movement. The company's Mondo Pure line, introduced in 2018, is a testament to this commitment. This clean label product line is crafted to align with growing consumer demands for products free from artificial additives, ensuring that food manufacturers can deliver wholesome and flavorful offerings to their customers. The success of the Mondo Pure line highlights MMIS's ability to anticipate and adapt to market trends, reinforcing its reputation as an industry innovator. By combining traditional blending techniques with modern food science, MMIS continues to provide solutions that balance flavor, functionality, and consumer appeal. State-of-the-Art Facilities for a Sustainable Future In 2020, MMIS relocated its operations to a state-of-the-art facility in Barrie, Ontario. This new facility was designed with food safety and sustainability at its core, allowing MMIS to streamline its operations and reduce its environmental footprint. The move not only expanded the company's production capacity but also enhanced its ability to meet the diverse needs of its growing client base. The Barrie facility adheres to the strictest sanitation and safety regulations, ensuring that every product leaving the premises meets the highest standards of quality. This investment in advanced infrastructure underscores MMIS's commitment to fostering a sustainable future while maintaining its position as a leader in the spice blending and packaging industry. Supporting Food Manufacturers with Tailored Solutions One of MMIS's core strengths lies in its ability to deliver tailored spice solutions that address the specific needs of food manufacturers. Whether it's creating custom spice blends to achieve a unique flavor profile or developing innovative packaging solutions to enhance shelf appeal, MMIS works closely with its clients to ensure their success. The company's extensive experience and expertise enable it to serve a diverse range of industries, including meat processing, snack foods, and ready-to-eat meals. By providing personalized service and technical support, MMIS helps its clients stay competitive in an ever-changing market. A Legacy of Excellence and Innovation For over two decades, MMIS has been synonymous with quality, innovation, and customer satisfaction. Its journey from a regional supplier to a recognized leader in custom spice blending and packaging is a testament to its dedication and vision. The company's ability to adapt to industry trends and consistently deliver exceptional products has earned it the trust of countless food manufacturers across North America. As MMIS celebrates this significant milestone, it remains focused on the future. By continuing to invest in research, technology, and sustainable practices, the company is well-positioned to address the challenges and opportunities of the food manufacturing industry. MMIS's ongoing commitment to excellence ensures that it will remain a trusted partner for custom spice solutions for many years to come. About MMIS Inc. MMIS Inc. specializes in custom spice blending and packaging, serving the North American food manufacturing industry with innovative solutions and exceptional service. The company's operations are based out of its state-of-the-art facility in Barrie, Ontario. With a focus on quality, sustainability, and customer satisfaction, MMIS continues to set the standard for excellence in the spice blending and packaging sector. For more information, please contact: MMIS Inc. 151 King Street, Barrie, Ontario, L4N 6B5 Phone: 905-841-1717 Media Contact Company Name: MMIS Inc. Contact Person: George Email: Send Email [ http://www.universalpressrelease.com/?pr=mmis-inc-celebrates-over-two-decades-of-excellence-in-custom-spice-blending-and-packaging ] City: Barrie State: Ontario Country: Canada Website: https://mmis.ca/ This release was published on openPR.Sysco's SYY short percent of float has risen 14.68% since its last report. The company recently reported that it has 14.65 million shares sold short , which is 3.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.05 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. See Also: List of the most shorted stocks Sysco Short Interest Graph (3 Months) As you can see from the chart above the percentage of shares that are sold short for Sysco has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted. Comparing Sysco's Short Interest Against Its Peers Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. According to Benzinga Pro , Sysco's peer group average for short interest as a percentage of float is 4.32%, which means the company has less short interest than most of its peers. Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it. This article was generated by Benzinga's automated content engine and was reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Ransomware attacks often now target backup data directly, experts warn Zero Trust principles are key to data protection 59% of organizations experienced ransomware attacks in 2023 Ransomware attacks have increasingly become a top concern for businesses worldwide, targeting organizations of all sizes and industries. Recent research by Object First has highlighted key vulnerabilities and the growing importance of modern backup technologies in combating ransomware threats. The survey revealed many businesses are still using outdated technologies that leave their backup data vulnerable to attack, suggesting they are not yet adequately prepared to fend off modern ransomware attacks. The state of backup security Backup data is becoming a prime target for cybercriminals, therefore organizations need to rethink their backup security practices to adopt more resilient, ransomware-proof solutions. The report revealed while over a third (34%) of respondents pointed to outdated backup systems as a major weakness, making them easier targets for ransomware attackers, 31% cited a lack of backup data encryption , which prevents sensitive data from being securely stored and transferred. In addition, failed data backups were identified by 28% of respondents as another key vulnerability. These failures leave organizations unable to restore their systems after an attack, often resulting in lengthy downtimes and expensive recovery processes. More troubling is the finding that ransomware attacks are increasingly targeting backup data directly. Normally, backups are considered a last line of defense in the event of an attack. However, with attackers now focusing on compromising this data, simply having backups is no longer enough. This shift has led to a growing need for immutable storage backup systems designed to ensure data cannot be altered or deleted by ransomware once it is stored. Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! An overwhelming 93% of survey respondents agreed that immutable storage is essential for protecting against ransomware attacks, while 84% of IT workers highlighted that they need better backup security to meet regulatory compliance. This need for enhanced security is further evidenced by the fact that 97% of respondents plan to invest in immutable storage solutions as part of their cybersecurity strategy. Immutable storage is built on Zero Trust principles, a security model that assumes no user or system is inherently trustworthy. This approach focuses on continuously validating every access request and limiting permissions to minimize the risk of unauthorized access. The Object First survey found that 93% of IT professionals believe aligning their backup systems with Zero Trust principles is key to safeguarding their data from ransomware. Zero Trust architecture ensures that even if cybercriminals gain access to a system, they are limited in their ability to manipulate or delete critical data. While the need for enhanced security is clear, the survey also revealed that managing backup storage systems remains a challenge for many organizations. Nearly 41% of IT professionals stated that they lack the skills necessary to manage complex backup solutions, and 69% reported that budget constraints prevent them from hiring additional security experts. “Our research shows that almost half of organizations suffered attacks that targeted their backup data, highlighting the criticality of adopting backup storage solutions that are ransomware-proof,” said Andrew Wittman, Chief Marketing Officer at Object First. Microsoft is releasing Microsoft 365 Backup Take a look at the best business cloud storage Data backup and recovery tools are failing businesses

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By Kemberley Washington, CPA, Bankrate.com (TNS) As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. When it comes to tax strategies, generally Dec. 31 is the deadline to make changes that might lower your tax bill. One major exception is the deadline for contributing to a Roth or traditional IRA : You have until April 15, 2025, to make a contribution to a Roth or traditional IRA for tax year 2024. If you qualify for deductible IRA contributions , then a contribution to your traditional IRA can reduce your taxable income for 2024. Here are tips and strategies to prepare now for the 2025 tax-filing deadline. If you had significant changes in your life in 2024 — maybe you got married or divorced, started your own business, or had to claim unemployment benefits — your taxes may be more complicated. As a result, you might need to hire a certified public accountant (CPA), enrolled agent (EA) or other tax professional to prepare and file your taxes. If you decide to hire someone, it’s best to start planning for that sooner rather than later. Waiting until the calendar flips to April could cost you. The average fee for a professional to prepare and file a simple Form 1040 tax return, with no itemized deductions, is about $220, according to a survey by the National Society of Accountants in 2020-2021, the most recent data available. But that amount rises quickly for more complex returns, and varies depending on where you live. For example, a Form 1040 with itemized deductions costs an average of $432 in states on the Pacific Coast, compared with $285 in New England. No matter where you live, prices usually rise as the tax deadline approaches, so it’s smart to start searching for a tax pro soon. If you’re uncomfortable doing your taxes on your own and can’t afford a CPA, enrolled agent or other tax pro, or to pay for tax software , there are free options to consider. The IRS currently offers three ways to prepare your taxes for free: •With the IRS Free File program, the IRS partners with for-profit tax-software companies that offer free tax-prep software to eligible taxpayers so they can file their federal tax returns for free. Some taxpayers may also qualify for a free state tax filing, depending on the software provider. In January, the IRS will announce the income limit to qualify for the program for the 2025 tax season (for filing 2024 tax returns). For the 2024 tax season (2023 tax returns), taxpayers’ adjusted gross income (AGI) couldn’t exceed $79,000. •The IRS also offers its Direct File program, a free tool that allows you to file your federal income tax return directly with the IRS at no cost. The program supports simple tax returns and is available only in certain states. Check to see if you qualify here. •Another free-filing option is the Volunteer Income Tax Assistance (VITA) program. IRS-certified volunteers offer free basic tax preparation in person to people who earn less than $67,000 a year, are disabled or whose English is limited. The IRS has an online location tool for hundreds of free tax preparation sites in the U.S. (the locator tool is updated from February through April). Some VITA sites also offer online tax-prep assistance. Now is a good time to create an IRS online account. If you want to see your Form 1040 from last year, or you’re missing a prior year Form W-2 or mortgage interest statement, you can find your documents using this free tax tool. Another benefit of creating an IRS online account is that it allows you to quickly obtain your prior year’s tax information without sitting on the phone for hours with an IRS representative, says Carl Johnson, a certified public accountant in New Orleans. An IRS online account also lets you view your account balance and payment history for each year. You can also create a payment plan to settle your federal income tax debt within minutes. If you’re 73 years old and have enjoyed watching your 401(k) or IRA grow tax-free without touching it, remember that the IRS is going to want its share each year. That means you’ll have to make withdrawals — and pay income tax. If you turned 73 in 2024, plan to take your required minimum distribution (RMD) at the latest by April 1, 2025. Read this IRS bulletin for more information. The amount of your RMDs is based on your age and the year-end values of your retirement accounts. A Roth IRA has two big tax advantages over a traditional IRA : Qualified withdrawals are not considered income for federal (and usually state) tax purposes, and you don’t have to take distributions from a Roth every year once you reach age 73. Converting a traditional IRA to a Roth IRA may save you money in the long run. Just know that when you convert an IRA to a Roth, it’s considered taxable income, which will raise your tax bill for that year. Generally, it’s best to convert to a Roth IRA when you’re in a low-income year. As tax season approaches, many people start receiving phone calls, emails and texts from entities claiming to be the IRS. Be wary, and understand that these are scams. Typically, the IRS will mail you a notice before using any other method of communication to notify you concerning issues with your tax return. The IRS won’t reach out via social media or text messaging. Relatedly, the IRS warns taxpayers to be careful when choosing a tax preparer. Taking time to vet your tax preparer is crucial to protect yourself from tax scams and fraud. Before hiring a tax professional, search that person’s name in the IRS database of federal tax return preparers to avoid dishonest “professionals.” “Taxpayers should check the tax professional’s credentials,” Johnson says. Tax pros without credentials “may take questionable positions without any degree of scrutiny or fear of losing their access to the profession,” Johnson says. Taxpayers who don’t file a tax return and owe a tax bill, or who file but don’t pay their tax bill on time, risk severe penalties. The IRS can even seize assets if necessary. Respond quickly if the IRS has been sending you letters because it found an error on your return or claims you owe back taxes. Typically, the IRS will send you a notice if you have a balance due, changes were made to your tax return, or the agency needs additional information. “If you ignore a collection letter from the IRS, you may face wage garnishments, liens, bank levies, and other adverse action. And in some cases, the amount due may increase for failure to respond,” Johnson says. Keep in mind the IRS does offer installment plans and other payment plans. Make copies of your correspondence and use only the U.S. Postal Service, the postmark from which is your proof of timeliness when responding. But whatever you do, don’t ignore the IRS because this may cause more issues in the future. ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.The Tennessee Titans (3-10) host the Cincinnati Bengals (5-8) at Nissan Stadium on Sunday, December 15, 2024. What channel is Bengals vs. Titans on? What time is Bengals vs. Titans? The Bengals and the Titans play at 1 p.m. ET. NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more. Bengals vs. Titans betting odds, lines, spread Bengals vs. Titans recent matchups Bengals schedule Titans schedule NFL week 15 schedule This content was created for Gannett using technology provided by Data Skrive.Dear Annie: Happy Holidays to All

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