Because of astronomical costs of care and support — often more than $100,000 per year — most individuals with disabilities will need government assistance such as Supplemental Security Income and Medicaid. However, they must shelter their assets carefully to not be disqualified from these programs. That’s where special needs trusts and ABLE accounts come in. Special needs trusts explained There […]
The organization aiming to set worldwide climate reporting requirements for decades to come is under fire for putting corporate interests ahead of the planet’s. In coming months, the International Sustainability Standards Board will publish rules for companies to disclose the growing financial risks they face from climate change, environmental degradation and social inequality. This rulebook is poised to become the […]
Getting a job after graduation isn’t a given. While the labor market is strong and college grads are still more employable — and earn more — than their high-school counterparts, the choice of major, and degree, goes a long way toward determining how hirable you will be. A bachelor’s degree in mathematics gives students the highest chances to secure a […]
The American Institute of CPAs, New York, named the recipients of its 2022 Effective Learning Strategies Awards: Kimberly Young of Greenville Technical College in South Carolina, received the George Krull/Grant Thornton Teaching Innovation Award, and Perry Moore of Lipscomb University received the Mark Chain/Federation of Schools of Accountancy Teaching Innovation Award. KPMG, New York, released a new report, “Higher education […]
Erik McGregor | LightRocket | Getty Images As Democrats plow forward with a slimmed-down reconciliation package, House lawmakers are separately pushing another piece of President Joe Biden‘s agenda: taxing the ultra-wealthy. Reps. Don Beyer, D-Va., and Steve Cohen, D-Tenn., have introduced the Billionaire Minimum Income Tax Act, calling for a 20% levy on households worth more than $100 million, affecting […]
July is Disability Pride Month, commemorating the landmark Americans with Disabilities Act of 1990. In the 32 years that have followed, we have seen the federal government continue to take steps to aid those with disabilities and protect them from discrimination. Many people with disabilities, however, have felt the negative effects of the pandemic disproportionately from other Americans. Fortunately, the […]
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Every day every one negotiates knowingly or unknowingly. In politics, negotiation is the instrument that settles terms of agreements and disputes between parties. In everyday life, it can facilitate arguments within the household and among the neighbors. And in businesses, it is one […]
With the Indiana General Assembly gaveled in this week for a special session called by Gov. Eric Holcomb (R), one of the issues is how to allocate portions of the $6.1 billion budget surplus for the fiscal year that ended June 30. The House, Senate, and governor agree that some of the extra revenue should be returned to Hoosiers through […]
FatCamera | E+ | Getty Images As individuals and families grapple with surging prices, there’s one category that has a history of rising faster than inflation: prescription drugs. Now, the new Senate reconciliation bill put forward by Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.Va., aims to help give Americans relief from those rising health-care costs. The […]
As the reality of a second quarter of negative economic growth settles in Washington, the Congressional Budget Office (CBO) released its own sobering report on the government’s long-term finances. The CBO long-term budget outlook report shows widening deficits over the next three decades as both federal spending and tax revenues are expected to rise above historic levels, with spending growth […]
With the economy posting two consecutive quarters of declining gross domestic product numbers, recession worries have deepened, and firms are counseling their clients about how to cope with surging inflation, labor shortages and tight supply chains. EY Americas Consulting vice chair Raj Sharma, a 25-year veteran of commercial and financial services, is advising his clients to pay attention to what […]
MARK RALSTON | AFP | Getty Images It appears that the Mega Millions jackpot just won’t quit. Due to strong ticket sales, lottery officials have adjusted the top prize upward to $1.1 billion from $1.02 billion for Friday night’s drawing. This is the fourth time a lottery jackpot has crossed the $1 billion mark. While the chance of a single […]
Carr, Riggs & Ingram LLC, a Top 25 Firm based in Enterprise, Alabama, expanded in Florida by adding Alonso & Garcia P.A., a firm based in Miami. Alonso & Garcia was founded in 1996 and provides audit and attestation, bookkeeping, payroll, tax compliance and consulting, and business valuations to clients in industries including hospitality and restaurant, real estate, professional services […]
Jim Magats, former PayPal executive who is being named CEO of the startup MX Photo: Tom Cook MX, the startup competing against Plaid to help connect financial institutions and fintech players, is naming PayPal executive Jim Magats its new CEO, CNBC has learned. Magats, a nearly two-decade PayPal veteran who was most recently senior vice president for omni payments solutions, […]
Americans want to know: Is this a recession or not? Officially, the National Bureau of Economic Research defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this […]
The American Institute of CPAs named the recipients of the 2022 Effective Learning Strategies Awards to college and university educators, and also honored four other professors for excellence in teaching, literature and advancing the profession. The winners of the 2022 Bea Sanders/AICPA Teaching Innovation Award for innovative teaching in the first accounting sequence (first- and second-year studies) were Wendy Tietz […]
Imagine a worker who gets a raise and ends up paying in tax more than 50 percent of that raise. This is the case for a Canadian worker who earns CAD 48,124. With an increase in pay of CAD 822, he would face a 59 percent marginal tax rate. This Canadian worker will end up with a net pay increase […]
The Federal Reserve raised the target federal funds rate by another 0.75 percentage points at the end of its two-day meeting Wednesday, in an effort to curb unrelenting inflation. Fed officials have already raised benchmark short-term borrowing rates 1.5 percentage points this year, including June’s 75-basis point increase, which marked the largest increase in nearly three decades. The central bank has indicated even […]
Stan Lazar, co-managing partner of Shepard Schwartz & Harris, has died, only days after his Chicago-based firm merged into Citrin Cooperman. Last week, Citrin Cooperman, a Top 25 Firm based in New York, announced it had expanded into the Windy City by adding SSH, the latest in a string of M&A deals since Citrin received private equity funding from New […]
The ratings for best and worst airlines are constantly evolving. First came the pandemic, then spiking oil costs, like a fabled one-two punch to the airline industry domestically and worldwide. The airline industry struggled to keep full staff, with shortages of pilots, inflight crew members, gate staff and baggage handlers. Shortages in all those categories led to longer time on […]