November 30, 2017/Furniture Insights
November 2017 Furniture Insights
After several positive monthly results from our surveys of residential furniture manufacturers and distributors, the September survey showed a 10% drop in new orders, but a 3% increase in total as compared to September 2015 to September 2017. Overall the news is positive heading into the holidays: Consumer confidence is at highest levels in years, unemployment is also at lowest levels in some time, and interest rates are still low.
Charitable Deduction Reminders for #GivingTuesday
In honor of #GivingTuesday, here are a few reminders regarding when your charitable donations will also qualify for a tax deduction: Only donations to qualified charities are deductible: If in doubt, you can check the organization’s status on using the EO Select Check tool on the IRS website. Contributions to synagogues, mosques, churches, mosques, and […]
House Tax Bill Released
On November 2, 2017, the House of Representatives released a draft tax reform bill titled the “Tax Cuts and Jobs Act.” The bill would reduce individual and business tax rates, would modify or eliminate a variety of itemized deductions as well as repeal the estate and alternative minimum taxes, and would change the taxation of foreign income. The Ways & Means Committee intends to formally markup the bill the week of November 6 with full House floor consideration planned before Thanksgiving. Most of the provisions would be effective starting in 2018.