If you’ve spent any time online in the last ten years, you’ve probably heard about the digital nomad. A term coined in the late 2000s, the digital nomad represents a new worker that’s not chained to a desk or a specific office -- they work remotely. Thanks to the development of cheap wifi, dependable laptops, and a millennial lifestyle that values experience and flexibility over stability. Digital nomads have become a staple of the workforce.
We increasingly live in an age that is centered on convenience. Streaming services mean that fewer people go out to the movies, car apps like Lyft and Uber mean that fewer people own vehicles. One space that has seen an online surge are food delivery apps. DoorDash, Uber Eats, and Postmates all advertise that they can get your favorite restaurant’s food right to your door, without you ever getting out of your pajamas.
We’re in the midst of a construction boom. That’s great news for any trade-based businesses like construction companies, electricians, or plumbers, but here’s the thing -- finding the talent to match the demand during these booms can be a huge challenge for any employer. There are just so many variables to weigh out. How many people can you employ during these booms? Can you keep a consistent level of quality in your work? How will these extra employees affect your bottom line once the boom inevitably dries up?
The current government shutdown is affecting all kinds of nationally funded programs, but nowhere is it more evident than how it has shaped tax season this year. Already different because of the passage of the Tax Cut and Jobs Act, the real monkey wrench comes from the fact that 800,000 federal workers in nine different departments aren’t able to work. These departments include Agriculture, Commerce, Justice, Homeland Security, Housing and Urban Development, Interior, State, Transportation, and Treasury
Tax law isn’t static, it’s constantly changing. Deductions that were available last year aren’t available this year, the amount you can deduct changes, even changes in how dependents work for deductions. We’re asked all the time about this, so here’s what you need to know about the three biggest changes to tax deductions in 2018.