d3sign | Moment | Getty Images Identity crime involving government benefits, social media accounts and other scams jumped by 36% in 2021 to an all-time high, according to the Identity Theft Resource Center. The good news is that there are several ways individuals can protect themselves. About 15,000 people reported an identity-related crime or attempted fraud in 2021, up from […]
The International Sustainability Standards Board has completed its membership roster through the appointment of former World Bank vice president Jingdong Hua. As vice chair, Hua will be responsible for overseeing the development and implementation of the ISSB’s strategies to support and include stakeholders in emerging and developing economies as well as small and medium-sized companies. This means he is more […]
The role of a project manager is one of the most open-ended positions in business today. There are project managers in every single industry covering a wide range of tasks. Everything from movie production to electric car manufacturing has at least one project manager guiding workers toward key checkpoints in development. Project management might seem simple on paper. You’re in […]
Luis Alvarez | Digitalvision | Getty Images Employer demand for workers remains historically strong — and that means workers have the power to negotiate for better pay, benefits and other aspects of their jobs, according to economists. There were more than 11.2 million job openings in July, an increase of 199,000 from June, according to a U.S. Department of Labor […]
Forgiveness; great sums of money; shell game; and other highlights from our favorite tax bloggers. Learning curves Taxable Talk (http://www.taxabletalk.com/): How will the IRS tax forgiven portions of student loans? How will states? When’s the guidance coming and when should taxpayers file? We have answers to some of these but definitely not all. Henry+Horne (https://www.hhcpa.com/blogs/): And two words of warning about planning […]
As cookout attendees around the country crack open a cold one on Labor Day weekend, take a minute to discover how much of your cash is actually going toward the cost of a brew. The United States collects an excise tax on beer at the federal level (ranging from $0.11 to $0.58 per gallon based on production, location, and quantity), but all 50 […]
In this article F HOUSTON, TEXAS – AUGUST 29: Students study in the Rice University Library on August 29, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images The U.S. Department of Education could have its application for student loan forgiveness up and running as soon as within the next few weeks. Borrowers may start to […]
Key Findings 100 percent bonus depreciation allows firms an immediate tax deduction for investments in qualifying short-lived assets. The phaseout of 100 percent bonus depreciation, scheduled to take place after the end of 2022, will increase the after-tax cost of investment in the United States. Preventing the phaseout and making 100 percent bonus depreciation a permanent feature of the U.S. […]
Hourly earnings grew at small businesses this month, but the pace of job growth slackened, payroll processor Paychex reported Tuesday. Average hourly earnings growth increased to 5.18% in August, matching a record set in May, but the pace of job growth at small businesses slowed from July by 0.20%. At $30.71 per hour, average hourly earnings have increased by $1.51 […]
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Leadership is part of management and management is part of leadership. The two are equally important while managing or leading a business or any organization. Leadership is one of the skillsets required of a successful individual or businessperson. In sports, good leadership can […]
Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE As the market reacted in alarm to Federal Reserve Chair Jerome Powell’s hawkish comments and determined tone on Friday, I struggled to retrieve an analogous situation that ended well. My conclusion is that, although we have experienced a bear-confirming drop of over 20% on the S&P 500, followed […]
A customer shops in a Kroger grocery store on July 15, 2022 in Houston. Brandon Bell | Getty Images Many consumers have suffered sticker shock at the grocery store due to record high inflation. But another surprise that’s grabbing consumers’ attention — and even trending on TikTok — is “shrinkflation.” Almost two-thirds, 64%, of all adults are worried about shrinkflation, […]
Your small business is your baby and choosing the right name for it is a big deal. But what happens when you need to change your business name for whatever reason? Here’s how to prepare and what to expect when you decide your business name needs an upgrade. Can you change the name of an existing business? Yes, you can! […]
The Public Company Accounting Oversight Board levied a $200,000 penalty Monday against KPMG’s member firm in South Africa and a combined $75,000 in penalties against two of its partners for improperly using and misreporting a KPMG member firm in Zimbabwe that wasn’t registered with the PCAOB to help with its audits. The sanctions concerned 2015, 2016, and 2017 audits of […]
Student-loan debt activists rally outside the White House a day after President Biden announced a plan that would cancel $10,000 in student loan debt for those making less than $125,000 a year in Washington, D.C., on Aug. 25, 2022. The Washington Post | The Washington Post | Getty Images When the U.S. Department of Education announced at the beginning of […]
The Internal Revenue Service (IRS) was one of the biggest winners in the recently enacted Inflation Reduction Act (IRA). The new law approved roughly $80 billion in additional IRS funding over the next 10 years. This will boost the IRS budget from around $12 billion per year to roughly $20 billion, a 66 percent increase. Throughout the debate over the […]
If your hobby earns you income, the IRS wants to know about it. But how do you report hobby income and how does it differ from small business income? Is one better than the other when it comes to filing taxes? Why is it important to know the difference? Knowing the differences between hobby income and business income is essential […]
Jeff Thomson, the longtime president and CEO of the Institute of Management Accountants, plans to retire in early 2023 after leading the IMA for nearly 15 years, with a successor yet to be named. Thomson originally joined in 2005 as vice president of research, where he helped transform IMA’s research, education and thought leadership practices, especially on the accounting profession’s […]
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