Archive for Economy

Rising Power Costs Add Jolt To Holiday Season Electric Bills

Dec 06, 2022 No Comments by

It’s normally a time of cheer and family and celebration. But thanks to inflation, there’s a little less cheer depending on how much you jolt up your home for the holidays. And compared to last year, national kWh cost were up 13%, while prices in Florida were up 18%, thanks to increased power costs. CLICK ON THE HEADLINE FOR MORE

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Should Hotel Owners Brace For Higher Tax Assessments?

Mar 02, 2022 No Comments by

As we emerge from the global shutdown, the hotel and hospitality industry is coming back strong. There is also a growing sentiment among assessors throughout the country that COVID is over and we are quickly returning to prepandemic economics. This, too, can have a significant impact on assessed values. In some cases, they could double. CLICK ON THE HEADLINE FOR MORE

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Important Solar Tax Credits For Businesses Will Be Cut In Half By 2022

Oct 27, 2020 No Comments

The solar tax credit, which is a dollar-for-dollar reduction in income taxes, has already fallen to 26% thorough 2020 and will be only 22% in 2021.  By 2022, the tax credit for commercial properties will be a mere 10% and zero for residences. CLICK ON THE HEADLINE FOR MORE

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Pandemic Puts N.Y.C. Hotels on the Brink: ‘A Complete Washout’

Sep 28, 2020 No Comments

Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed to be temporary, but six months later, with no potential influx of visitors in sight, a wave of permanent closures has begun. CLICK ON THE HEADLINE FOR MORE

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