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Month: September 2022
In this article LC Follow your favorite stocksCREATE FREE ACCOUNT Almost everyone has felt the sting of rising prices. As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report — a number that hasn’t budged much since inflation hit 40-year highs. A year ago, the number of adults
A growing number of Americans are renouncing their citizenship to escape a law that was designed to crack down on offshore tax evasion. The Foreign Account Tax Compliance Act, or FATCA, requires foreign banks to report the assets of U.S. account holders to the Internal Revenue Service. It was designed to go after wealthy Americans
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Coffee pods have simplified the process of making specialty brews so anyone can make them without having to go to a barista. With so many assorted flavors readily available coffee pod machines are quickly replacing or becoming a
A graduate who calls himself “April Vendetta” protests student debt in New York’s Washington Square Park on May 19, 2021, after New York University’s virtual commencement ceremony. Timothy A. Clary | AFP | Getty Images Federal student loan borrowers whose loans are not held by the U.S. Department of Education will no longer be able
Grant Thornton reported Thursday that its U.S. firm’s revenue for the fiscal year ending July 31, 2022, rose nearly 17% to reach a record of $2.3 billion. The accounting and auditing practice accounted for 33% of the total revenue, while tax made up 25% and advisory services contributed 42%. “Our FY 2022 revenues demonstrate how
Dan Ivascyn, PIMCO, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC The U.S. is likely headed toward a recession but there’s a chance for the downturn to be comparatively mild due to strong underlying fundamentals, according to Pimco bond expert Dan Ivascyn. In remarks echoed by other speakers Wednesday at CNBC’s Delivering
Klaus Vedfelt | Getty Images As President Joe Biden, at a White House event on Tuesday, touted new legislation that will reduce Medicare drug pricing, he also vowed to protect both Medicare and Social Security in the face of what he called Republican attacks on the programs. “I’ll protect those programs; I’ll make them stronger,”
Inflation operates much like a tax, a particularly egregious one that disproportionately falls on the poor and leads to a variety of economic problems, including, as we’re seeing, higher interest rates, slow economic growth, and reduced incomes. With inflation still running high, it is worth exploring who bears the cost of the surge in prices
In the real world, a slip of the pen or a misaimed keystroke or some other tiny goof often doesn’t spell disaster, but just quick do-over. That’s in the real world. Can there be any tiny errors on returns? “A small error in a Social Security Number can delay if not stop a refund from
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. Most of us know that working for hours on a computer screen takes its toll on your eyes. Having good lighting is essential to better productivity, mood, and overall health, and a good desk lamp can provide bright
Italy’s legislative elections on 25 September resulted in the country’s first right-wing government since 2011. Giorgia Meloni, leader of the Brothers of Italy, will likely become Prime Minister and govern in a coalition with the League (led by Matteo Salvini) and Forza Italia (led by Silvio Berlusconi). On national tax policy, the coalition has been
Lauren Taylor Wolfe, center, Roy Swan, left, and Shundrawn Thomas at CNBC’s Delivering Alpha, Sept. 8, 2022. Scott Mlyn | CNBC ESG and sustainable investing generally have come under fire recently, with critics pointing to a lack of transparency and differing definitions sparking confusion around what investors are actually buying. Adding to the confusion is
JGI/Tom Grill The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 million filers who didn’t qualify in 2021, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration. However, the agency accurately issued 98% of
The Massachusetts Society of CPAs announced the seven recipients of the 2022 Women to Watch Awards and will honor winners on Wednesday, October 25 at the MassCPAs’ Women’s Leadership Summit. In partnership with the Association of International CPAs Women’s Initiatives Executive Committee, a panel of judges selected seven female leaders based on their contributions to their firm, clients and
NASA just sent a space ship into an asteroid, does that mean its time for space stocks to blast off? 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
Source: Getty Images Retirement is a major goal many workers keep their eye on throughout their career. However, once people actually reach retirement age, they are often in store for some financial surprises — despite decades of preparation. For today’s retirees, that is compounded by new uncertainties brought by on by historically high inflation and
I believe that small errors made by inexperienced staff can be excellent learning opportunities. A problem today is that fixing small errors seems to have gone by the wayside. Today’s attitude is that materiality is a cornerstone of what we do. Cost benefit forbids any attempt to correct small errors, and usually small errors do
Electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), and other clean-energy vehicles continue to gain popularity, especially as gas prices soar. Is it time for you to make the switch? If you’re new to the EV market, you no doubt have a lot of questions — topics like EV battery range, maintenance costs, and affordability
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