Biden-Harris Federal Student Loan Debt Relief Plan
Biden’s federal student loan debt relief plan is to cancel as much as $10,000 in federal student loan debt for people earning less than $125,000 a year, or less than $250,000 for married couples. Those who received Pell Grants, federal aid for lower-income students, could see up to $20,000 forgiven. Most people with federal student loans are below the income threshold and would qualify for Biden’s plan. Undergraduate loans, graduate loans and Parent Plus loans held by the Education Department are all eligible for cancellation. Borrowers employed by non-profit organizations, the military, or federal, state, tribal, or local government may be eligible to have all of their student loan debt forgiven through the Public Service Loan Forgiveness Program.
Biden officially launched the application Monday, October 17th, after the Education Department opened the form over the weekend as part of a beta test, hoping to find and remedy any glitches on the site. Eight million people have applied to date, the president said. He estimates that the White House has received some 10,000 letters from borrowers praising one of his signature economic policies.
How to Protect Yourself Against Fraud
With the use of online banking and apps on our mobile devices, the cases of fraud have heightened more than ever before. It is dire that consumers pay attention to their accounts in order to protect fraud and save themselves from oncoming damage. The methods of deception have changed throughout the years, but the desired results have not. It is up to each individual to remain vigilant and safe guard themselves from potential attacks. We outline some things you should be doing to keep yourself safe and protected.
Benefits of Hiring a Business Accountant
There are many benefits to hiring a professional business accountant. You may be the business leader who is great at making innovative strategies to help your company and business grow, but when you are so focused on growing your business you may not have the time to record all your financial reports accurately. Hence it would be in your best interest to hire a professional accountant to do that work for you.
Cost Segregation: What Is It & What Does It Do?
Let’s pretend that it is tax season – depending on when you’re reading this, it might be. As April 15th approaches, you’re desperately searching through your finances, looking for deductions that can reduce your tax liability. Now, you probably think that you looked...
5 Ways to Improve Your Credit Score
Whether you need a car loan, home loan, or more buying power, you need to have a decent credit score to be approved for a loan and get lower interest rates. Don’t avoid your credit report, pay off debt, request removal of late payments, improve payment history, don’t make more purchases.
What is Forensic Accounting?
Forensic accountants examine data to determine where missing money has gone and how to recover it. They may also present reports of their financial findings as evidence during hearings, where they often testify as expert witnesses. This work serves an important purpose at public accounting and consulting firms, law firms, law enforcement agencies, and insurance companies.
What is a CPA?
A CPA stands for a certified public accountant , and this title is a licensed accountant professional’s designation. The state’s Board of Accountancy provides the CPA license. A CPA prepares taxes. At Nazaire & Co, we have a team of CPA’s who are dedicated to helping you through tax season and beyond to put your mind at ease and your finances in order. We are more than willing to do your taxes for a very affordable fee.
What are accounting advisory services?
Great accounting advisory services usually occur when the firm thinks of itself as the client’s go-to for any question they might have. It’s important to note that successful advisory cannot exist without trust from the client. A good accountant listens to their client and learns their pain points so that they can help solve them – making the business healthier in every aspect.
How to Ask Your Clients for Good Referrals
Referrals are the most effective, and cost-effective, way to generate new business, yet asking for referrals can feel awkward. You really could use some more clients but you don’t want to come across as desperate or pushy. Many companies understandably find it very...
Everything Good & Bad About Outsourcing Your Accounting
There’s a million and one ways to approach your accounting – that includes outsourcing. However, like with everything in life, there are pros and cons to outsourcing your accounting. Depending on your situation, outsourcing may or may not be the best option for you....