Baker Newman Noyes, a Top 100 Firm based in Portland, Maine, held its first in-person recruiting summit since the pandemic, hosting 18 students who learned about the accounting profession, careers at the firm, and spent time volunteering at a local soup kitchen. The three-day recruitment event took place in mid-May and revived a tradition begun
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Morsa Images | DigitalVision | Getty Images For some retirees, there’s an extra cost associated with Medicare premiums that can ambush their household budgets. Most Medicare enrollees pay the standard premium amounts for Part B (outpatient care) and Part D (prescription drugs). Yet an estimated 7% of Medicare’s 64.3 million beneficiaries end up paying extra
Democrat Joe Manchin is once again playing spoiler for President Joe Biden’s economic agenda, bringing it to a screeching halt even after spending much of the year whittling down its grandest ambitions. The West Virginia senator said Friday it wouldn’t be “prudent” to act now on climate and tax plans crafted to get his support
Ben Rains explores Netflix (NFLX) stock ahead of its second quarter earnings release on Tuesday, July 19. The streaming TV stock has been one of the hardest hit growth names on the market. And some investors might start digging into Netflix stock again soon as it approaches possible value status. (0:45) – Does Netflix’s Major
Momo Productions | Digitalvision | Getty Images The pandemic-era surge in remote work may be an unlikely ally in the fight to tame stubbornly high inflation. As many employees have enjoyed commute-free workdays, less stress and better work-life balance, their employers have also benefited from remote work by paying lower wages than they otherwise might,
An unprecedented global agreement on how to tax corporations, a key diplomatic win of President Joe Biden’s administration, is at risk of unraveling after members of his own party delayed a crucial vote, threatening the chances of the world’s biggest economy joining the deal. The U.S. Senate has an increasingly narrow path forward after Senator
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Senator Joe Manchin said he put the brakes on the Democrats’ tax and climate agenda in order to wait for July inflation data and to see what the Federal Reserve does next — but is willing to consider moving ahead in September. The West Virginia Democrat said Friday that he told Senate Majority Leader Chuck
An activist holds a placard demanding a $15 an hour minimum wage and tips for restaurant workers during a rally to call for additional relief for restaurants in Washington, D.C., on Feb. 8, 2022. Mandel Ngan | AFP | Getty Images Record high inflation has pushed the value of the federal minimum wage down to
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Off to the stockade; for the kids; untrustworthy; and other highlights of recent tax cases. Columbia, South Carolina: Former IRS employee Wayne M. Garvin, 57, has been sentenced to 13 months in prison after admitting to filing false returns and providing fabricated records to the IRS to obstruct an audit of those returns. Garvin, who
In this article WTW Superb Images | The Image Bank | Getty Images In another sign of a tight labor market, U.S. companies plan to give workers their largest pay increase in 15 years in 2023, with an average bump of 4.1%. That’s the finding from a new survey by Willis Towers Watson, a compensation
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A pending tax ballot measure in Idaho may take the prize for gaffe-riddled drafting. Proponents had a straightforward goal: to create a new top marginal individual income tax rate of 10.925 percent on high earners. That is dubious enough, as it would create the highest rate between New York and California. But through a series of
A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn. Michael M. Santiago | Getty Images News | Getty Images Inflation hit a new 40-year high in June, and policymakers are working feverishly to tame it — perhaps even risking recession to do so. Jerome Powell, chair
Over the past decade, policymakers from both parties in Harrisburg have proposed reducing Pennsylvania’s 9.99 percent corporate net income tax (CNIT) rate but could not agree on an approach—until now. With enactment of HB 1342 as part of the 2022-2023 state budget, lawmakers finally succeeded in cutting what had been the second highest state corporate
A group of Senate Democrats is urging the Internal Revenue Service to extend the filing deadline for people with individual taxpayer identification numbers who have been affected by the massive processing delays at the IRS. Sen. Bob Menendez, D-New Jersey, a senior member of the Senate Finance Committee that oversees the IRS, led the group
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