Federal Reserve Chair Jerome Powell testifies before a Senate Banking Committee hearing on the CARES Act Oversight at the Senate Office Building on Tuesday, Nov. 30, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The outlook for Federal Reserve rate hikes after March may become less clear if Russia continues
krisanapong detraphiphat | Moment | Getty Images American consumers reported losing more than $5.8 billion to fraud last year, up from $3.4 billion in 2020 (an increase of more than 70%), the Federal Trade Commission said Tuesday. Almost 2.8 million consumers filed a fraud report to the agency in 2021 — the highest number on
Andrew Gragnani, the new president of Mayer Hoffman McCann, has plans to increase the firm’s national presence, including acquiring other accounting firms. MHM, a Top 10 Firm in Cleveland that operates in an alternative practice structure with the publicly traded financial services company CBIZ, announced Gragnani’s appointment earlier this month, succeeding Andy Burczyk, who is
Some people never received or didn’t get their full stimulus payment amount in 2021. If this applies to you, or if you gained any dependents in 2021, you might be able to claim the 2021 Recovery Rebate Credit — even if you don’t usually file taxes. Check out our FAQs below for general information on
Key Findings The waning pandemic and robust economic recovery have come with many benefits—plentiful jobs and fast-growing (nominal) incomes—but also serious challenges such as high and rising inflation. Rather than pushing for more fiscal stimulus or leaving it to the Federal Reserve to handle inflation through higher interest rates, policymakers should focus on boosting the
Getty Images If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the average U.S. home seller scored a profit of $94,092, up 71% from $55,000 two years ago, according to ATTOM, a nationwide property database. While many
Julie Boland Julie Boland was elected EY US chair and managing partner and appointed Americas area managing partner for a four-year term beginning July 1, 2022, succeeding Kelly Grier who will retire from EY when her term ends June 30, 2022. Boland, who will also lead the U.S. executive committee, served as US-central regional vice
In this article DAL MAR WH IHG-GB H LUV AAL An Alaska Airlines jet lands at Los Angeles International Airport on Feb. 7, 2022. Alaska’s Alaska Miles topped NerdWallet’s ranking of airline programs for 2022. George Rose | Getty Images Ever wonder if you’ve been loyal to the right airline, hotel or other travel provider
In order for tax season to be successful, everyone must follow the system. Last week I received two calls about managers that are not following their firm’s system, and are working as Lone Rangers, and I am sharing my comments here. In one case the manager either isn’t listening or is blocking out what the
PeopleImages | E+ | Getty Images The Social Security Administration recommends beneficiaries visit its website as the first stop for service as the agency works to reopen its field offices. But many people are reluctant to apply for benefits online. Only about half of retirees have used that method since 2013, according to the Center
The Internal Revenue Service is expanding its capacity to process tax returns following criticisms from members of Congress about taxpayers waiting months to get their refunds. The agency is adding a second so-called surge team to process a backlog of unprocessed tax forms filed in the past two years and is outsourcing some basic functions
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Whether you’re a student or a professional looking to advance your career, you need a web presence. For many, that could be a blog or a personal website, but creative professionals need to showcase their work. Particularly when
In this article NET EXPE COUR INTC SEDG Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Geopolitical tensions, the prospect of Federal Reserve rate hikes and inflation fears have roiled the stock market and left investors unsettled. The major indexes have just notched a
U.S. speed skater Apolo Ohno competes in the 2010 Winter Olympics at Pacific Coliseum in Vancouver, Canada. Jamie Squire | Getty Images Sport | Getty Images When Olympic speed skater Apolo Ohno hung up his skates for good in 2010, finding a path forward wasn’t exactly easy for him. In fact, the eight-time medalist calls
Former President Donald Trump and two of his adult children must testify in New York Attorney General Letitia James’s civil probe of the Trump Organization, a state judge ruled. New York judge Arthur Engoron on Thursday rejected a request by Trump, Donald Trump Jr. and Ivanka Trump that he block James’s subpoenas for their depositions.
Russell Toll and his wife, Heidi, when he returned from service in Iraq in 2009. Russell Toll When the child tax credit checks started to be delivered in July of last year, Russell Toll saw it as an investment in his family. With the help of the credit, the Dallas-area resident was able to speed
The Financial Accounting Standards Board issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, in August 2020. ASU 2020-06 simplifies an issuer’s accounting for convertible instruments and its application of the derivatives scope exception for contracts in its own equity. Assuming a Dec. 31 fiscal year-end, ASU 2020-06 is effective
Getty Images The Covid-19 pandemic has prompted millions of Americans to put plans, including weddings, on hold. As 2022 unfolds and, we hope, the worst of the pandemic is behind us, nuptials are expected to take place in record numbers. The Wedding Report, a wedding market research firm, projects there will be 2.5 million weddings
The International Ethics Standards Board for Accountants proposed a set of revisions Friday to the International Code of Ethics for Professional Accountants (including International Independence Standards to address the impact of technology innovation on the profession. The exposure draft with proposed technology-related revisions to the ethics code aims to guide the mindset and behavior of
In this article SPCE Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Virgin Galactic announced Friday that Chairman Chamath Palihapitiya is stepping down from the space tourism company’s board of directors, effective immediately. Palihapitiya’s SPAC, or special purpose
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