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One of the greatest challenges of lawmaking is recognizing when a beautiful theory must succumb to an ugly fact. The purity of conceptual policymaking must take the real world into account and acknowledge that things that work well “in theory” sometimes fail spectacularly to meet expectations “in practice.” It would be wonderful if a policy met its intended goals 100 […]
Lightspeedshutter | Istock | Getty Images After two years of federal student loan payments being suspended because of the Covid pandemic, the government doesn’t expect an easy process to get millions of borrowers back into repayment. That’s the takeaway from a new report by the Government Accountability Office, which found that as many as half of people with federal student […]
The “Great Selloff” of CPA and professional service firms is here on a runaway, downhill slope. 2021 was a record year for upward mergers or sales of firms nationwide. 2022 has already started with a material increase in activity, and tax season is not slowing anything down. A major driver accelerating M&A is the need to add non-accounting businesses. Firms […]
In this article AMZN WMT HD SOFI PANW The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Stocks have been volatile over the last two months, and the way ahead is looking tumultuous. Investors are contending with an array of factors that have shaken financial markets, and conflict in Eastern Europe […]
Sopa Images | Lightrocket | Getty Images The lowest-income Americans are facing a financial conundrum: Inflation is eating into a substantial part of their household budgets, while savings built up during the Covid pandemic are starting to dwindle. Meanwhile, federal supports like monthly payments of the child tax credit and a pause on student loan payments have ended or will […]
The Internal Revenue Service updated its frequently asked questions page on the Premium Tax Credit for subsidizing health insurance coverage under the Affordable Care Act. Among the areas updated Thursday with new information are FAQs about the basics of the tax credit; how to get advance payments of the Premium Tax Credit; and what happens if a taxpayer’s income, family […]
Bill Oxford | E+ | Getty Images The tax season kicked off on Jan. 24, and the IRS has issued more than 22 million tax refunds worth around $78 billion, the agency reported Friday. As of Feb. 18, the average refund was $3,536, over $700 higher than last year’s payment of $2,815, as reported through Dec. 3. However, the average […]
The National Association of State Boards of Accountancy and the American Institute of CPAs have released a notice updating candidates on the transition policy that will impact the 2024 Uniform CPA Examination. The 2024 changes are a result of the new CPA Evolution model, which aims to better prepare CPAs with the ever-changing skills and competencies required from modern professionals […]
In this article BRK.A Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway‘s operating profits surged in the fourth quarter and for the full year as the conglomerate’s businesses continued to roar back to life from the pandemic economic slowdown. Chairman Warren Buffett increased his bet on that comeback, buying back a record amount of Berkshire […]
It’s been almost two years since most borrowers have had to pay their monthly student loan bill. And yet, 93% of them are not prepared to resume payments on May 1, according to a survey of more than 23,000 student loan borrowers by the Student Debt Crisis Center. “The payment pause has meant everything,” said Allison Newmes, 44. “There are […]
The Institute of Management Accountants released a guide to the steps that businesses can take to cut carbon and other greenhouse gas emissions in their operations under the leadership of accountants. The report discusses how management accountants can lend their expertise to decision-making and drive performance toward milestones in reducing a company’s carbon footprint. As the pace of climate change […]
Event organizers are in high demand as more and more people want to celebrate life’s special moments. The planning process for an event can be a challenge, but with careful organization, a good event planning checklist and a few key tips, you can pull off a spectacular event that your guests will never forget. 18 Amazing Tips for Event Planners […]
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Cybercriminals capitalize on uncertainty and Russia’s recent invasion of Ukraine is just the type of upheaval that may put individuals at risk. “The problem is kinetic warfare is almost always accompanied by cyberwarfare,” said Vahid Behzadan, an assistant professor of cybersecurity at the University of New Haven. “It’s unlikely Russia would target the critical infrastructure here in the U.S., however, there […]
The Employer-Provided Child Care Credit can save employers with eligible expenses more money in taxes than using a deduction alone, and it also helps employees by letting them exclude some childcare benefits from their taxable wages, according to a new report. The report, released Thursday by the Government Accountability Office, noted that the credit offers employers a tax incentive for […]
Will these 5 companies break out, or break down, after they report earnings this week? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
ISS Expedition 64 crew member, Russian cosmonaut Sergey Ryzhikov takes part in a training session at the Yuri Gagarin Cosmonaut Training Center in Zvyozdny Gorodok [Star City], Moscow Region. Anton Novoderezhkin | TASS | Getty Images For more than two decades, the space agencies of the United States and Russia have been partners through the International Space Station, but the […]
Daniel Acker | Bloomberg | Getty Images Drivers may need to prepare for more potential pain at the pump. The national average price of a gallon of regular unleaded gas has reached $3.59, up 33 cents so far this year, according to GasBuddy data. With ongoing uncertainty over how oil supplies could be affected by Russia’s invasion of Ukraine, consumers […]