New location of Jersey Mike’s Subs opens in North Augusta
The area’s fourth Jersey Mike’s Subs is open in Martintown Plaza next to Belk in North Augusta.
The restaurant at 1141 Knox Ave. comes two years after the franchise owners opened their first location in Grovetown.
As part of the grand opening, running through Sunday, franchise owners Eric Clark and Jason Wren are raising money for the Southeastern Firefighters Burn Foundation.
Clark and Wren also have locations in Martinez and Aiken. The Aiken location opened Jan. 8.
Clark said the new North Augusta location will have about 20 employees.
Current account deficit jumps
WASHINGTON — A drop in U.S. exports and lower income from overseas investments drove the U.S. current account deficit to its highest level in 18 months.
The Commerce Department says the deficit jumped to a seasonally adjusted $111.2 billion in the January-March quarter, up from a revised total of $87.3 billion in the October-December quarter. The fourth quarter’s total was the smallest in 14 years.
The current account is the broadest measure of trade, covering not only goods and services but also investment flows. A wider deficit can act as a drag on growth because it means companies are earning less from overseas markets.
IRS offers to waive penalties
WASHINGTON — The Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven’t been paying their U.S. taxes.
But there is a catch: You have to be able to show that you didn’t evade U.S. taxes on purpose.
The penalties for not reporting these accounts are stiff. If there is more than $10,000 in an unreported account, the IRS can impose penalties of $100,000 – more if the accounts are really big.