Catherine Yeulet | Getty Images As investors brace for another interest rate hike from the Federal Reserve, many are closely watching signals about the future of the economy. This week, investors are expecting the fourth 0.75 percentage point increase, which may continue to affect government bond yields. As the Fed takes further action to fight
Month: October 2022
The International Accounting Standards Board updated its standards Monday to improve the information provided by companies about their long-term debts with covenants. The amendments to International Accounting Standard 1, Presentation of Financial Statements, require a company to classify debt as non-current only if it can avoid settling the debt in the 12 months after the
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Finding the best glue gun is a must for your crafting business. The best guns are surprisingly easy and safe to use. You can use them to mend furniture, stick cardboard, paper, and other items quickly. There are
Dimitri Otis | Stone | Getty Images The U.S. economy grew in the third quarter, reversing a negative trend from the first half of the year — but weakness looms under the surface and households shouldn’t be lulled into a false sense of financial security, economists and financial advisors said. “I think investors should still
Treasury Secretary Janet Yellen picked Douglas O’Donnell as the new acting commissioner of the Internal Revenue Service on Friday. O’Donnell has been deputy commissioner for services and enforcement at the agency since April 2021 and is succeeding IRS Commissioner Charles Rettig, whose term ends on Nov. 12. “I want to thank Commissioner Rettig for his
In this article FFIV TXN JNPR TKR LRN Follow your favorite stocksCREATE FREE ACCOUNT Tim Boyle | Bloomberg | Getty Images Stocks ended Friday on a positive note, but an uncertain week – with a Federal Reserve meeting – looms ahead. The three major averages notched gains for Friday’s session and were higher on the
Fg Trade | E+ | Getty Images A key federal program providing benefits to elderly, blind and disabled people — Supplemental Security Income — is turning 50 years old. The program, which currently serves nearly 8 million beneficiaries, was created by legislation signed by President Richard Nixon on Oct. 30, 1972. But even as Supplemental
The estimated gross U.S. tax gap increased to $496 billion annually for tax years 2014 through 2016, a rise of over $58 billion from the prior estimate — and the Internal Revenue Service estimates the gross tax gap will rise to $540 billion for 2017-2019. “The increase in the tax gap estimates reflects that the
Your company culture includes a huge array of elements that impact how your team feels and performs at work. If you want to get more out of your current employees or attract top talent, creating a positive culture can make a major impact. Here are tips for improving your working environment from members of the
Charles Rettig, IRS Commissioner, testifies during the Senate Finance Committee hearing in Washington, D.C., June 8, 2021. Tom Williams | Pool | Reuters The IRS said it has passed a milestone of hiring 4,000 new customer service workers as the agency prepares for the 2023 tax filing season. Hired over the past several months with
When using tools that they perceive to be more sophisticated than others, auditors are more likely to bias their judgments in favor of what they believe their supervisors want, in contrast to when they are not using these solutions, according to a recent study published in the Journal of Emerging Technologies in Accounting. Researchers studied
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Kobus Louw | E+ | Getty Images Company: Vertiv Holdings (VRT) Business: Vertiv designs, manufactures and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. The company went public through a SPAC merger in the first quarter of 2020 with GS Acquisition Holdings, a SPAC
amriphoto Amid the nationwide flurry of tax cuts, two states are voting on whether to enact a “millionaire tax” on top earners in November. In California, Proposition 30 would add a 1.75% levy on annual income of more than $2 million, in addition to the state’s top income tax rate of 13.3%, beginning Jan. 1.
Money may not be able to buy love, but it can certainly pique people’s interest, and it can definitely encourage them to stick around — a lesson that both the biggest firms and the top workplaces in the accounting profession have been heeding. It’s becoming well understood across the field that basic salaries need to
When bad actors take advantage of return policies, return fraud is the result. It’s the act of defrauding businesses using its return process and it’s a problem in the retail industry. If you think fraudulent returns aren’t a problem, think again. American hospitality and retail sectors reported $33.9 billion worth of merchandise was affected in
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Shapecharge | E+ | Getty Images Investors crashed the Treasury Department website for Series I bonds on Friday as they clamored to lock in a record-high interest rate before a key deadline. I bonds have proven to be a bright spot for investors amid declines in the broad stock and bond markets this year. They
Many companies have benefited from federal government relief acts and programs such as the American Rescue Plan or the Provider Relief Funds during the pandemic. But if they are a nonfederal entity that spent $750,000 or more in federal funds during a fiscal year, they will be required to have a single audit performed on
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