JGI | Jamie Grill | Blend Images | Getty 401(k) plans hold a whopping $7.7 trillion in retirement savings. But cash-outs of small accounts pull billions from the system each year and can harm investors’ chances of a secure retirement, research shows. A trio of the industry’s largest 401(k) administrators — Fidelity Investments, Vanguard Group
Run but can’t hide; lack of support; Romanian holiday; and other highlights of recent tax cases. Rome, Georgia: Computer support employee Melvin Orellana has been sentenced in Nevada to 18 months in prison for participating in an ID-theft conspiracy. Orellana worked for a company that provided software to tax prep businesses throughout the U.S. King
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In this article SPOT AMZN NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix may as well be a necessity. Even as Americans cut back in the face of rising prices and recessionary fears, fewer want to give up their streaming subscriptions, especially when it comes to TV, movies and music services, such as Amazon Prime, Netflix
The Georgia Society of CPAs and Feeding Georgia’s ninth annual Georgia Accounting Food Fight raised $372,907 this year, which represents over 1.4 million meals. Over 70 accounting firms and accounting departments representing over 66,300 members participated in the virtual food fight between August 8 and August 19. Accounting professionals competed to give their earnings back
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. The handymen or construction workers’ toolbox is not complete without the best drills. Whether you are mounting a TV, assembling furniture, or putting up curtains, drills are endlessly useful. But with so many options to choose from, picking
Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., has outlined five priorities for the nearly $80 billion in IRS funding enacted in August through the Inflation Reduction Act. Wyden shared expectations for
Looking to draft guidance reflective of the needs of taxpayers entitled to claim Inflation Reduction Act energy credits, the Internal Revenue Service has issued six notices asking for comments. Input is wanted on different aspects of extensions and enhancements of energy tax benefits. By notice, comments are requested on: Notice 2022-46, credits for clean vehicles.
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Pixelseffect | E+ | Getty Images Offices are busier now than they’ve been at any point since Covid first sent employees home in March 2020. But companies are still in the thick of adapting to a more distributed workforce, creating an opportunity for workplace technology companies like Condeco and iOffice + SpaceIQ. The two companies
Demonstrator Gan Golan of Los Angeles at Occupy DC activities in Washington, D.C. Jacquelyn Martin President Joe Biden’s order to cancel student loan debt for millions of Americans will cost an average of $30 billion per year over the next decade, according to a Biden administration cost estimate. The 10-year cost will be roughly $305 billion, as
With risks on the rise and a hard market for professional liability insurance developing, it’s more important than ever for accounting firms to review their coverage to make sure they can handle emerging areas of concern like cyber, COVID-19 relief programs, and more. Below are some of the leading insurance programs for accountants and some
On 30 September, the Council of the European Union agreed to impose an EU-wide windfall profits tax on fossil fuel companies to fund relief for households and businesses facing high energy prices (due primarily to Putin’s war on Ukraine). Given the dire economic environment for families and the urgency to transition away from Russian energy,
The Federal Reserve’s aggressive rate hike path – an attempt to tamp down the highest inflation in decades – is set to cause damage to the global economy if the central bank keeps going, according to billionaire Barry Sternlicht. “They are going to cause unbelievable calamities if they keep up their action, and not just
When NFL star wide receiver Tyreek Hill weighed offers from the New York Jets (who play in New Jersey) and the Miami Dolphins, no doubt there was a lot on his mind. But one consideration towered over the rest, at least according to Hill himself: signing with the Jets “was very close to happening,” but
A primary election voter enters a Tampa, Florida, polling place on Aug. 23, 2022. Octavio Jones | Getty Images Most women ages 50 and up plan to vote in this November’s midterm elections, but half of them have not decided which candidates they will vote for, a new AARP poll finds. One key issue they
The 15% minimum tax on billion-dollar corporations in the Inflation Reduction Act that President Biden signed into law in August shouldn’t be confused with the 15% global minimum tax on multinational companies that the Treasury Secretary Janet Yellen has been encouraging countries to approve, but it’s no surprise there is some confusion. The Organization for
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Establishing good business credit is one of the most important things you can do as a new small business owner. But how do you get the ball rolling? Here are some tips that can help you build a good credit rating for your business. What is business credit? Let’s start off with the basics. Just
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