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David JC Cutler

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David JC Cutler

A Personal Blog
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Just 8% of Manhattan office workers are back full-time, a survey shows.

The Partnership for New York City found a wider embrace of hybrid workplaces, with 78 percent of businesses adopting the… Read More »Just 8% of Manhattan office workers are back full-time, a survey shows.

Inflation remained near a 40-year high in April. Here’s where consumers plan to cut spending

Inflation is still on the rise, prompting consumers to change their shopping habits to keep up. The Consumer Price Index jumped… Read More »Inflation remained near a 40-year high in April. Here’s where consumers plan to cut spending

Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs

KEY POINTS The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level… Read More »Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs

IRS destroyed 30M paper information returns due to the backlog

The Internal Revenue Service decided to destroy an estimated 30million paper-filed information return documents in March 2021 becauseof its inability… Read More »IRS destroyed 30M paper information returns due to the backlog

U.S. profit forecasts weaken as companies assess inflation risks

With first-quarter U.S. earnings in the final stretch, corporategrowth expectations for the current quarter and 2022 mostly aredeclining as costs… Read More »U.S. profit forecasts weaken as companies assess inflation risks

BofA scales back on SPAC work as bank retreat accelerates

Bank of America Corp. scaled back work with some SPACs, part of aretreat by banks including Goldman Sachs Group Inc.… Read More »BofA scales back on SPAC work as bank retreat accelerates

US sanctions ban the provision of accounting and consulting services to Russia

Expanded U.S. government sanctions against Russia in response to thewar in Ukraine include a ban on accounting and management consultingservices… Read More »US sanctions ban the provision of accounting and consulting services to Russia

How to Amend Form 1040 and Submit Form 1040-X

To fix errors on form 1040, filers need to submit a separate Form1040-X. Here, tax guru, Julian Block offers guidance… Read More »How to Amend Form 1040 and Submit Form 1040-X

Staffing shortages and backlog hampered IRS in 2022 filing season, TIGTA says

Continued personnel shortages and a growing backlog of some returnssignificantly impeded the IRS’s performance during the 2022 income taxfiling season… Read More »Staffing shortages and backlog hampered IRS in 2022 filing season, TIGTA says

Wall Street staggers with ‘vicious’ US$1.3T stock selloff

A day after celebrating the Federal Reserve’s signal that it wouldn’tbe making any jumbo-sized moves, traders woke up on Thursday… Read More »Wall Street staggers with ‘vicious’ US$1.3T stock selloff

Fed raises interest rates by 0.50%, the largest move since 2000

The Federal Reserve on Wednesday raised short-term interest rates by0.50%, as part of an effort to tamp down the inflationary… Read More »Fed raises interest rates by 0.50%, the largest move since 2000

Key Tax Rules for Deducting Mortgage Interest

Among numerous other changes, the Tax Cuts and Jobs Act (TCJA) chippedaway at several tax breaks for individuals, including the… Read More »Key Tax Rules for Deducting Mortgage Interest

The Stock Market Isn’t Falling Like It Did In the 1970s—It’s Even Worse

It was the worst first four months of the year for the stock marketsince the 1970s! No, the 1930s! Can’t… Read More »The Stock Market Isn’t Falling Like It Did In the 1970s—It’s Even Worse

The Great Resignation is still red hot — but may not last

The pandemic-era trend known as the “Great Resignation” is stillred-hot, as workers enjoy the perks of record-high demand for theirlabor.… Read More »The Great Resignation is still red hot — but may not last

Powell’s Fed Set to Go Big and Keep Going Until Inflation Tamed

Jerome Powell doesn’t like to bless banks and financial markets, buthe could shift the needle this week on how high… Read More »Powell’s Fed Set to Go Big and Keep Going Until Inflation Tamed

How Running a Small Business Might Change in 2022

Many of the concerns small business owners have now are about how theycan stay afloat after the COVID-19 pandemic. Here,… Read More »How Running a Small Business Might Change in 2022

Tax Changes and Key Amounts for the 2022 Tax Year

Now that this year’s tax filing season is over, it’s time to startthinking about next year’s return. After all, the… Read More »Tax Changes and Key Amounts for the 2022 Tax Year

The Fed wants to cool the U.S. housing market. Here’s what that feels like

In mid-April, months into an increasingly frustrating house hunt,Harsh Grewal and his wife settled on a place in a San… Read More »The Fed wants to cool the U.S. housing market. Here’s what that feels like

How People with Pandemic-Induced Financial Fatigue Can Get Back on Track

People are worn out. They are trying to make it through the stress ofthe pandemic, a continually volatile market, and… Read More »How People with Pandemic-Induced Financial Fatigue Can Get Back on Track

Crypto Cares: The Rise of Virtual Currencies and You

Cryptocurrency is prevalent topic news these days, falling in and outof favor depending on whom you ask. Institutions are decrying… Read More »Crypto Cares: The Rise of Virtual Currencies and You

How to Fix Errors on Form 1040

Many filers discover after having mailed in their Form 1040 that theymade a mistake, such as missed deductions or understated… Read More »How to Fix Errors on Form 1040

‘Cash Is King’ As VC Spigot Slows

A year ago, startup founders often found themselves fought over byventure investors eager to grab a piece of any promising… Read More »‘Cash Is King’ As VC Spigot Slows

Fed’s inflation gauge rose 6.6 percent annually in March

Consumer prices rose more than 6 percent annually in March, showingconsumer spending taking a bigger bite out of household incomes,according… Read More »Fed’s inflation gauge rose 6.6 percent annually in March

Global shares rise as earnings boost, U.S. dollar hits 20-year high

The U.S. dollar touched a two-decade high against rivals on Thursday,as Wall Street rallied and European shares rose from six-week… Read More »Global shares rise as earnings boost, U.S. dollar hits 20-year high

The US economy shrank in the first quarter

Vanesa Sojor Apr 29, 2022, 7:27 PM (4 hours ago) to me The US economy shrank in the first quarter America’s… Read More »The US economy shrank in the first quarter

Up Your Retirement Planning Game

Think of it like playing chess. Making sense of the strategicinterplay between investments, taxes and retirement income canposition you for… Read More »Up Your Retirement Planning Game

Powell says taming inflation is‘ absolutely essential,’ and a 50 basis
point hike is possible for May

KEY POINTS Fed Chairman Jerome Powell on Thursday said the central bank iscommitted to raising rates “expeditiously” to bring down… Read More »Powell says taming inflation is‘ absolutely essential,’ and a 50 basis
point hike is possible for May

IRS pledges to overcome challenges from overburdened tax season

Internal Revenue Service Commissioner Charles Rettig told lawmakersthe IRS has been working hard this past filing season during acongressional hearing… Read More »IRS pledges to overcome challenges from overburdened tax season

SPACs are sputtering in 2022, leaving retail investors holding the bag for a Wall Street innovation that just hasn’t panned out

Companies that used a buzzy strategy for going public throughout thepandemic have had a dismal track record for investors. Out… Read More »SPACs are sputtering in 2022, leaving retail investors holding the bag for a Wall Street innovation that just hasn’t panned out

Why SaaS is bucking the venture slowdown

As the global startup market digests a changing valuation environmentand climate for venture investment, not every sector is taking thesame… Read More »Why SaaS is bucking the venture slowdown

Big companies manage to pass on soaring costs to cash-strapped consumers

Makers of chocolate bars and coffee to lawnmowers and industrialrobots succeeded in passing on soaring costs to consumers,first-quarter earnings showed… Read More »Big companies manage to pass on soaring costs to cash-strapped consumers

JPMorgan Expects S&P 500 Earnings to Blow Past Gloomy Estimates

JPMorgan Chase & Co. strategists expect Corporate America to easilytrounce Wall Street’s earnings forecasts. Consensus earnings estimates for the S&P… Read More »JPMorgan Expects S&P 500 Earnings to Blow Past Gloomy Estimates

3 Strategies to Help You Plan a Successful Semi-Retirement

If you’re ready to retire but don’t want to leave the workforceentirely, semi-retirement might be a good option for you.… Read More »3 Strategies to Help You Plan a Successful Semi-Retirement

Dollar’s Upward March Reaches a Nearly Two-Year High

The dollar is reaching fresh nearly two year highs lifted by loominginterest rate increases from the Federal Reserve, strong US… Read More »Dollar’s Upward March Reaches a Nearly Two-Year High

Rising Rates Threaten Companies Acquired in the LBO Boom

Low-rated US companies borrowed record amounts in the loan market lastyear taking advantage of low-interest rates and generous credit. Now,all… Read More »Rising Rates Threaten Companies Acquired in the LBO Boom

What are expense ratios? These fees could be eating away at your investment earnings

When it comes to investing, you’ve likely heard the arguments forputting your hard-earned money into exchange-traded funds (ETFs) ormutual funds… Read More »What are expense ratios? These fees could be eating away at your investment earnings

Is Your Compensation Reasonable? For Tax Purposes, That Is

There are two universal principles regarding the reasonableness ofemployee compensation: (i) most people feel they are under-compensatedand (ii) those same… Read More »Is Your Compensation Reasonable? For Tax Purposes, That Is

Corporate profits stay strong at double-digit gains, but the sound of investor fears gets louder

A bull market is developing in recession expectations. This week, investors will have the chance to hear if dozens ofcompanies… Read More »Corporate profits stay strong at double-digit gains, but the sound of investor fears gets louder

Inflation hits a 40-year high of 8.5 percent because of war in Ukraine, rent hikes

Gas prices jumped 48 percent year over year, the Bureau of LaborStatistics said. U.S. inflation data hit a multidecade high… Read More »Inflation hits a 40-year high of 8.5 percent because of war in Ukraine, rent hikes

Which of the 3 Financial Phases Are You In?

Knowing which of the financial phases of life you are in can help youbetter plan to build, protect and enjoy… Read More »Which of the 3 Financial Phases Are You In?

Recession Risk Is Rising, Economists Say

Economists see a growing risk of recession as the relentlessly strongUS economy whips up inflation, likely bringing a heavy-handed responsefrom… Read More »Recession Risk Is Rising, Economists Say

IRS to Digitize Archived Tax Filings in Tech Pilot Program

The new pilot program will benefit the IRS through more efficientaccess to digitized records and related metadata and improve securityand… Read More »IRS to Digitize Archived Tax Filings in Tech Pilot Program

Why Is Everything An Emergency?

Do you ever wake up thinking your day will turn out one way, and itends up being completely different? Did… Read More »Why Is Everything An Emergency?

IRS: We Apologize, Your Tax Refund Is Delayed

Tax returns are piling up at the Internal Revenue Service, andmillions of taxpayers are experiencing refund delays beyond thetypical 21… Read More »IRS: We Apologize, Your Tax Refund Is Delayed

Don’t play the ‘audit lottery.’ These are the top reasons your taxreturn may be flagged by the IRS

KEY POINTS Excessive write-offs compared with income, unreported earnings andrefundable tax credits are among the most common IRS red flags.However,… Read More »Don’t play the ‘audit lottery.’ These are the top reasons your taxreturn may be flagged by the IRS

13 Tax Breaks for Homeowners and Home Buyers

Owning a home is part of the American Dream. Whether you fancy a logcabin in the middle of nowhere, a… Read More »13 Tax Breaks for Homeowners and Home Buyers

U.S. Labor Market Is Tightest of Postwar Era, Goldman Gauge Shows

The U.S. jobs market has never been tighter than it is today,increasing the risks to the economy as Federal Reserve… Read More »U.S. Labor Market Is Tightest of Postwar Era, Goldman Gauge Shows

Oil jumps over 3% as deaths near Kyiv prompt talk of new sanctions

Oil prices jumped over 3% on Monday, with investors worried abouttighter supply as mounting civilian deaths in Ukraine increasedpressure on… Read More »Oil jumps over 3% as deaths near Kyiv prompt talk of new sanctions

National taxpayer advocate directs IRS to implement scanning technology

National Taxpayer Advocate (NTA) Erin Collins formally directed theIRS to take immediate steps toward implementing existing scanningtechnology to process tax… Read More »National taxpayer advocate directs IRS to implement scanning technology

These states have the highest and lowest tax burdens

KEY POINTS You may have a wildly different tax bill depending on where you live.That’s because your tax burden —… Read More »These states have the highest and lowest tax burdens

Bond Market Suffers Worst Quarter in Decades

US bond’s worst quarter in more than 40 years has come to a close. Thequestion for many investors now is… Read More »Bond Market Suffers Worst Quarter in Decades

Individual taxpayers must answer crypto-asset questions, IRS notes

The question, which on Form 1040 is just below the address block,asks, “At any time during 2021, did you receive,… Read More »Individual taxpayers must answer crypto-asset questions, IRS notes

April 1 is the Last Day for New Retirees to Take RMDs

For retirees who turned 72 during the last half of 2021, in mostcases, Friday, April 1, 2022, is the last… Read More »April 1 is the Last Day for New Retirees to Take RMDs

FTC sues TurboTax owner Intuit for advertising tax software as ‘free’

KEY POINTS The Federal Trade Commission on Monday sued TurboTax owner Intuit infederal court and filed a parallel administrative complaint.… Read More »FTC sues TurboTax owner Intuit for advertising tax software as ‘free’

Inflation, geopolitical risks, and regulation top CFO worries, survey says

Deloitte’s latest quarterly survey of Fortune 500 chief financialofficers found the executives have a gloomier outlook on the economythan last… Read More »Inflation, geopolitical risks, and regulation top CFO worries, survey says

U.S. IPO Hopefuls Are Hunting for Signs of Elusive Market Window

First-quarter listings plunged to the lowest level since 2016Several big companies on file are yet to move ahead with plans… Read More »U.S. IPO Hopefuls Are Hunting for Signs of Elusive Market Window

Bank analysts, investors are antsy for spending outlook as inflation risks grow

Analysts and investors of major Wall Street banks are eagerlyanticipating any insight from executives on the outlook for consumerspending and… Read More »Bank analysts, investors are antsy for spending outlook as inflation risks grow

Bookkeeper Hit Hard by Trust Fund Penalty

The trust fund penalty sometimes called the 100% penalty, is one ofthe most onerous federal tax law provisions on the… Read More »Bookkeeper Hit Hard by Trust Fund Penalty

Biden releases budget plan with tax hikes, stock buyback restrictions

President Joe Biden unveiled a budget plan Monday that includes aminimum tax for ultra-wealthy households, raises the corporate taxrate, and… Read More »Biden releases budget plan with tax hikes, stock buyback restrictions

Biden proposes a higher corporate tax rate, 20% billionaire minimum tax

President Joe Biden’s administration released its $6 trillion budgetMonday for the federal government’s 2023 fiscal year, which beginsOctober 2022. Also… Read More »Biden proposes a higher corporate tax rate, 20% billionaire minimum tax

IPO Market Plunges 70% as Higher Rates, War Curb Risk Appetite

Initial public offerings worldwide have plummeted in the first quarter after a record showing in 2021, as volatility stoked by… Read More »IPO Market Plunges 70% as Higher Rates, War Curb Risk Appetite

Rules for Selling Investments to Related Parties

This two-part series will be devoted to the twists and turns in the rules that govern sales of investments to… Read More »Rules for Selling Investments to Related Parties

Half of the Remote Professionals Say They Would Quit if Required to Go Back to Office

Return-to-office plans may lead to more resignations, separate research shows. In a survey of more than 1,000 professionals, half of… Read More »Half of the Remote Professionals Say They Would Quit if Required to Go Back to Office

Tax Court Weighs in on Reasonable Compensation

The Tax Court recently found that there’s indeed a limit on the tax-deductibility of wages paid to employees by the… Read More »Tax Court Weighs in on Reasonable Compensation

Individual taxpayers must answer the crypto-asset questions, IRS notes

The question, which on Form 1040 is just below the address block, asks, “At any time during 2021, did you… Read More »Individual taxpayers must answer the crypto-asset questions, IRS notes

Spotting ACH Fraud and What Bookkeepers Can Do

When it comes to ACH Fraud, the fraudster sends what looks like a legitimate email from an employee or from… Read More »Spotting ACH Fraud and What Bookkeepers Can Do

Congress presses IRS on ERTC processing and tax penalty relief

Lawmakers are asking the Internal Revenue Service to expedite the processing of Employee Retention Tax Credits and not to penalize… Read More »Congress presses IRS on ERTC processing and tax penalty relief

How Tax Pros Can Protect Clients Against Scams During Tax Season

For almost the past decade, there has been an annual spike in illicit voice, and now text, communications during tax… Read More »How Tax Pros Can Protect Clients Against Scams During Tax Season

IRS Can Audit Your Taxes Forever If You Miss A Key Form

It can be pretty satisfying to tell the IRS they are too late to audit you. But when might you… Read More »IRS Can Audit Your Taxes Forever If You Miss A Key Form

Inflation is causing some older Americans to delay retirement plans, survey shows

KEY POINTS Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying retirement due to… Read More »Inflation is causing some older Americans to delay retirement plans, survey shows

Commissioner to Congress: IRS will clear the backlog by year’s end

IRS Commissioner Charles Rettig told House members in a hearing Thursday that the Service will process its backlog of unprocessed… Read More »Commissioner to Congress: IRS will clear the backlog by year’s end

S&P 500 Extends Rally, Up Nearly 5% for the Week

U.S. stock indexes rallied for a third straight day, putting the S&P 500 on pace for its biggest weekly gain… Read More »S&P 500 Extends Rally, Up Nearly 5% for the Week

Some Russia creditors have received dollar bond payment -sources

Summary Russia was due to pay $117 mln by Wednesday’s deadline Creditors see this week’s deadline as a test for… Read More »Some Russia creditors have received dollar bond payment -sources

Fed hikes interest rates, signals aggressive fight to curb inflation

Summary Fed lifts policy rate by a quarter of a percentage point U.S. central bank sees more rate hikes in… Read More »Fed hikes interest rates, signals aggressive fight to curb inflation

Auto depreciation limits leap with inflation

The IRS issued sharply higher new depreciation limitations Wednesday for passenger automobiles, reflecting inflation of vehicle prices in the past… Read More »Auto depreciation limits leap with inflation

What to Do When Clients File for S Corp Election

As many of you know, the deadline for submitting IRS Form 2553 was March 15. The clients that did so… Read More »What to Do When Clients File for S Corp Election

SBA again extends the deferment period for EIDL payments

The US Small Business Administration (SBA) has extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) payments for… Read More »SBA again extends the deferment period for EIDL payments

Tax expert: Traditional and Roth retirement accounts are ‘economically identical,’ so how do you choose?

KEY POINTS “Under reasonable circumstances,” savers can earn the same amount investing in either traditional or Roth retirement savings accounts,… Read More »Tax expert: Traditional and Roth retirement accounts are ‘economically identical,’ so how do you choose?

IRS plans to hire thousands likely to fall short

The Internal Revenue Service’s ambitious plans to hire 10,000 more employees over the next year are going to be difficult… Read More »IRS plans to hire thousands likely to fall short

FOMC preview: The tightening begins this week

On Wednesday the Federal Reserve will likely take the first steps in paring back its stimulus — by raising interest… Read More »FOMC preview: The tightening begins this week

IRS to Hire 5,000 New Staff in Austin, Ogden and Kansas City

Available positions include temporary, term, and permanent jobs. Many are entry-level clerk and tax examiner positions in the Wage and… Read More »IRS to Hire 5,000 New Staff in Austin, Ogden and Kansas City

IRS Nixes 10-Year Stretch For Most Inherited IRAs

A lot of inherited IRA owners are in for a surprise. In a switcheroo, the Treasury Department has reinstated annual… Read More »IRS Nixes 10-Year Stretch For Most Inherited IRAs

Goldman Sees U.S. Recession Risk as Much as 35% as Cuts Forecast

Goldman Sachs Group Inc.’s economists warned the probability of a U.S. recession in the next year may be as much… Read More »Goldman Sees U.S. Recession Risk as Much as 35% as Cuts Forecast

Here’s what to know about managing your debt in retirement

Most Americans carry some debt, be it from student loans, a mortgage, a credit card, or a car loan. But… Read More »Here’s what to know about managing your debt in retirement

Inflation rose 7.9% in February, as food and energy costs push prices to the highest in more than 40 years

KEY POINTS The consumer price index for February rose 7.9% from a year ago, the highest level since January 1982.… Read More »Inflation rose 7.9% in February, as food and energy costs push prices to the highest in more than 40 years

Inflation Continues to Rising: How to Navigate the Uncertainty

Inflation is at a 40-year high. For those nearing or in retirement, it could pack a painful punch, but there… Read More »Inflation Continues to Rising: How to Navigate the Uncertainty

Traders surrender to recession paranoia in U.S. market rout

When it’s just the yield curve narrowing, oil jumping, or stocks falling into a correction, maybe you can hold off… Read More »Traders surrender to recession paranoia in U.S. market rout

Tightening financial conditions sound alarm for world economy

Russian financial conditions at tightest since 2008 Global financial conditions at tightest since the pandemic height Conditions could tighten further… Read More »Tightening financial conditions sound alarm for world economy

IRS to fast-track 10,000 hirings to address the backlog

The IRS intends to use an expedited hiring process to hire about 10,000 workers for processing tax returns and managing… Read More »IRS to fast-track 10,000 hirings to address the backlog

How to Calculate Your Retirement Wealth Gap

Another version of your “retirement number,” a simple wealth gap calculation could be eye-opening for retirement savers – especially business… Read More »How to Calculate Your Retirement Wealth Gap

U.S. crude oil spikes to a 13-year high of $130 overnight, then give up most of that gain

Oil prices gave up most of their big overnight gains in a wild session, briefly dipping into negative territory after… Read More »U.S. crude oil spikes to a 13-year high of $130 overnight, then give up most of that gain

What to do if you want to eliminate Russian securities from your investment portfolio

The departure of corporations from investments in Russia has been swift following the country’s invasion of Ukraine, and individual investors… Read More »What to do if you want to eliminate Russian securities from your investment portfolio

U.S. Economy Grew Modestly Amid Omicron Surge, Fed Beige Book Says

The U.S. economy grew at a modest to moderate pace from mid-January through early February as the Omicron variant of… Read More »U.S. Economy Grew Modestly Amid Omicron Surge, Fed Beige Book Says

Powell Backs Quarter-Point March Rate Hike, Open to Bigger Moves

Effects on the U.S. from Ukraine war ‘highly uncertain,’ he says Fed must be ‘nimble’ in data response, evolving outlook… Read More »Powell Backs Quarter-Point March Rate Hike, Open to Bigger Moves

Colorado will start accepting cryptocurrency for tax payments

“We are getting a payment provider to accept crypto equivalent and deposit the dollars into the state’s treasury for that amount. It… Read More »Colorado will start accepting cryptocurrency for tax payments

Positive for now, CPA executives wary of inflation and other headwinds

Economic sentiment among U.S. CPA decision-makers in business and industry remains positive overall, but the finance executives have concerns about… Read More »Positive for now, CPA executives wary of inflation and other headwinds

Clients Can Tap 401(k)s and IRAs Early Without Penalty but Beware

What You Need to Know SOSEPP stands for Series of Substantially Equal Periodic Payments taken from an IRA or 401(k)… Read More »Clients Can Tap 401(k)s and IRAs Early Without Penalty but Beware

Pending home sales fall for a third consecutive month

Homebuying in the U.S. was slower than anticipated in the first month of 2022. Pending home sales, a leading indicator… Read More »Pending home sales fall for a third consecutive month

A guide to dealing with today’s IRS

In today’s environment, a tax practitioner must be patient and document all contact with the IRS. Although the IRS is… Read More »A guide to dealing with today’s IRS

Oil tops $105/bbl after Russia attacks Ukraine

Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing,… Read More »Oil tops $105/bbl after Russia attacks Ukraine

Consumers lost $5.8 billion to fraud last year — up 70% over 2020

KEY POINTS Consumers reported losing more than $5.8 billion to fraud in 2021, a 70% increase over the prior year,… Read More »Consumers lost $5.8 billion to fraud last year — up 70% over 2020

Goldman Team Sees S&P Down 6% if Ukraine Conflict Worsens

“Outright conflict” in Ukraine coupled with “punitive sanctions” could push U.S. stocks another 6% lower from Friday’s close, with worse… Read More »Goldman Team Sees S&P Down 6% if Ukraine Conflict Worsens

SOFR Leads Race to Replace Libor as Interest-Rate Benchmark

US companies and financial institutions are starting to settle on a new interest rate benchmark to replace the troubled London… Read More »SOFR Leads Race to Replace Libor as Interest-Rate Benchmark

How to stay focused as a new CEO

When Ben Snyder started his first business, he felt like he was being suffocated. He was stuck in the weeds didn’t know… Read More »How to stay focused as a new CEO

Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds

KEY POINTS Wages are rising but it’s not enough to keep up with the increased cost of living. Nearly two-thirds… Read More »Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds

AICPA testifies to Congress on IRS service problems

There’s still time to salvage this year’s tax filing season, or at least make a difference, if the IRS adopts… Read More »AICPA testifies to Congress on IRS service problems

Pricing pressures continue as labor, supplies remain scarce

Prices appear likely to continue rising in a pandemic-altered environment that continues to see high inflation in many countries, according… Read More »Pricing pressures continue as labor, supplies remain scarce

Fed officials floated faster rate hikes in January meeting

Federal Reserve officials said last month the bank may need to raise interest rates and reduce its bond holdings faster… Read More »Fed officials floated faster rate hikes in January meeting

How to Recover From Burnout as an Entrepreneur

If you’ve been feeling depleted while running your business, you could be dealing with more than just a rough patch.… Read More »How to Recover From Burnout as an Entrepreneur

SPAC Mergers Are Falling Apart at a Rapid Pace

The pace of blank-check mergers failing to cross the finish line is accelerating as the industry grapples with waning investor… Read More »SPAC Mergers Are Falling Apart at a Rapid Pace

Wholesale prices rise 1% in January, up near-record 9.7% over the past year

KEY POINTS The producer price index, which measures wholesale prices, rose 1% in January and 9.7% for the 12-month period,… Read More »Wholesale prices rise 1% in January, up near-record 9.7% over the past year

IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season

Nearly 24 million taxpayers are still waiting for the Internal Revenue Service to process their tax returns from last year… Read More »IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season

IRS identifies paused taxpayer notices

The IRS announced Wednesday in a news release the letters and notices it will not send taxpayers as it works through its… Read More »IRS identifies paused taxpayer notices

4 Reasons 2022 Will Be A Turning Point For Startup Funding

Last year saw some fundamental shifts in the startup funding landscape that will have a profound impact by this time… Read More »4 Reasons 2022 Will Be A Turning Point For Startup Funding

SPACs With $160 Billion Scrounge for Targets as Clock Ticks Down

Billions of dollars earmarked for takeovers by blank-check companies have piled up unused as the hot-then-not mania fades for speculative… Read More »SPACs With $160 Billion Scrounge for Targets as Clock Ticks Down

Household debt jumped by $1 trillion in 2021, the most since 2007

A big year for car and home shopping helped push Americans to take on a lot more debt last year.… Read More »Household debt jumped by $1 trillion in 2021, the most since 2007

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