Fly View Productions | E+ | Getty Images For individuals or families that get — or could get — health insurance through the public marketplace, the opportunity to choose coverage for 2023 is nearing. Open enrollment, when you can pick a health plan for next year, runs Nov. 1 through Jan. 15 for the federal marketplace at HealthCare.gov and most […]
A federal appeals court rejected former President Donald Trump’s request to reconsider a ruling that his tax returns must be disclosed to a congressional committee. The order from the U.S. Court of Appeals for the D.C. Circuit clears the way for the House Ways and Means Committee to get Trump’s financial documents, although the former president could still try to […]
While changes to federal cannabis law are slow, changes at the state level are accelerating. Recreational cannabis is on the ballot in five states this November—Arkansas, Maryland, Missouri, North Dakota, and South Dakota—giving voters the ability to join 19 states that have already legalized recreational marijuana. Arkansas In Arkansas, Issue 4 would legalize the possession and use of up to […]
Zoom In IconArrows pointing outwards The average cost to attend a private college in 1970 was about $3,000 a year. Today, it costs more than $50,000. How we got to this point, and its seemingly endless consequences on families and U.S. society, are the issues explored in Will Bunch’s new book, “After the Ivory Tower Falls: How College Broke the […]
Starting next year, 100 percent bonus depreciation for short-lived investment—originally enacted in the 2017 Tax Cuts and Jobs Act (TCJA)—will begin to phase down through the end of 2026. Making 100 percent bonus depreciation permanent would boost economic growth and American incomes in any economic environment, but this policy change would be especially valuable if inflation remains elevated in the […]
IRIS Software, a provider of business software, announced the acquisition of myPay Solutions from Thomson Reuters, which enables outsourced payroll and associated banking and tax services via CPA firms to small and midsized businesses across the U.S. “We are thrilled to welcome myPay Solutions to the IRIS family and are proud of this latest milestone as we continue to supercharge […]
The Tax Foundation’s recently released 2022 International Tax Competitiveness Index (ITCI), measures the extent to which a country’s tax system adheres to two important aspects of tax policy: competitiveness and neutrality. Over the years, the Index has helped many European countries like Austria, Greece, and the UK design tax reform proposals. As the Index continues to grow, policymakers from Latin […]
nd3000 | iStock | Getty Images Despite signs of a cooling housing market, home prices are still relatively high, resulting in bigger down payments. Over the past year, average down payments in the country’s 50 biggest metros have grown by more than 35%, according to a LendingTree report, based on 30-year fixed-rate mortgage data from Jan. 1 through Oct. 10, […]
‘At a meeting of 60 or so technology executives and thought leaders held at the headquarters of the American Institute of CPAs recently, one of the execs described her company’s origins thus: “It was way back when dinosaurs roamed the earth,” she said. “Right around 2014.” In the pin-drop silence that followed, you could hear the whir of internal calendars […]
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Actively managed mutual funds have maintained their pro-cyclical stance with overweights in consumer discretionary and industrials, while having a sizeable underweight in consumer staples, Bank of America’s monthly analysis […]
Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The nation’s consumer watchdog is upping its efforts to clamp down on so-called junk fees that some banks charge consumers. The Consumer Financial Protection Bureau on Wednesday […]
Private companies looking to go public will need to be ready to prepare periodic financial reports, demonstrate effective internal control over financial reporting and manage investor relations, among other things. If they’re not ready, companies may face many challenges meeting these requirements, including problematic IT systems integration, high maintenance costs of IT infrastructure, as well as a lack of efficiency […]
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Having a programmable keyboard may seem like a luxury or even unnecessary, but in many fields, it has become a necessity. There are a number of programmable keyboards available. Let’s take a look at what they are and which ones are the best […]
Insta_photos | Istock | Getty Images If you’re eager to secure 9.62% annual interest for Series I bonds for six months, the deadline is quickly approaching. You must purchase I bonds and receive your confirmation email by Oct. 28 to lock in the record 9.62% rate, according to TreasuryDirect. The rate is expected to drop to roughly 6.48% in November, […]
Robocalling the IRS; year-end pay adjustments; ready to quit; and other highlights from our favorite tax bloggers. No bots about it Procedurally Taxing (https://procedurallytaxing.com): Getting the IRS on the horn can feel like banging your head against a wall of sand, and the agency has begun to fight one of the problems of the phone issue: robocalls by companies allowing their […]
Launch Our Interactive Tool Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems and provides […]
The Biden administration announced Tuesday it is making permanent changes to its public service loan forgiveness plan to make it easier for borrowers to have their loans forgiven. “Our team has worked to turn public service loan forgiveness from a promise broken into a promise kept,” U.S. Secretary of Education Miguel Cardona said during a press call about the changes. […]
The International Auditing and Assurance Standards Board is looking for feedback on a set of proposed changes to its fundamental standard for audit evidence. The current version of International Standard on Auditing 500, Audit Evidence, deals with an auditor’s responsibility to design and perform audit procedures to obtain sufficient appropriate evidence to draw reasonable conclusions on which to base the […]
BartekSzewczyk | Getty If you’ve already maxed out 401(k) plan contributions for 2022 and you’re eager to save more for retirement, some plans have an under-the-radar option, experts say. For 2022, you can defer $20,500 into a 401(k), plus an extra $6,500 for investors 50 and older. But the total plan limit is $61,000 per worker, including matches, profit sharing […]
The Internal Revenue Service is asking whistleblowers to report on fraudulent claims for the Employee Retention Credit, as so-called “ERC mills” continue to encourage applications for the tax credit from businesses that may not qualify for the pandemic relief program, which was available for 2020 and 2021. Last week, the IRS warned employers to be wary of third parties who […]