Strauss Zelnick, CEO of Take Two Interactive. Adam Jeffery | CNBC The third-quarter earnings season has come with plenty of stunning beats — and a few notable disappointments. Investors now face a daunting question: Which companies will carry their success into subsequent quarters? For instance, Tesla has been leading the pack on the green tidal
Month: October 2021
Getting your first job offer is exciting — joining the full-time workforce can mean a salary, benefits, and a path to financial independence. But before jumping to accept an offer, it’s important to assess what exactly the company is promising you and negotiate your salary. Most people hate negotiating (who can blame them) and don’t
The American Institute of CPAs announced the 30 graduates of its 2021 AICPA Leadership Academy, held virtually this year from Oct. 25-28. The AICPA Leadership Academy offers young CPAs a hands-on learning workshop with topics ranging from leadership training to professional networking. This year’s featured speakers included William (Bill) Pirolli, chairman of the American Institute
In this article CFX thianchai sitthikongsak | Moment | Getty Images Company: Colfax Corp. (CFX) Business: Colfax is a global diversified technology company. The company operates in two segments: (i) Fabrication Technology: consumable products and equipment, including cutting, joining, and automated welding products, as well as gas control equipment; and (ii) Medical Technology: medical device
President Joe Biden on Oct. 29, 2021 in Rome, Italy. Antonio Masiello | Getty Images News | Getty Images A $1.75 trillion social and climate spending framework Democrats unveiled Thursday would reform the health-care market in several ways, expanding access and reducing costs for millions of Americans. Chiefly, the proposal would expand subsidies available for
The Internal Revenue Service is sending notices to taxpayers who deferred their Social Security taxes last year, warning them that half the taxes will be due by the end of this year. In an email to payroll professionals Friday, the IRS said that it’s sending informational-only CP256V Notices to self-employed individuals and household employers who
In this article GS Rafael Henrique | SOPA Images | LightRocket | Getty Images Goldman Sachs has begun giving its institutional trading clients research reports from crypto news and data firm The Block. Hedge funds and other clients began receiving the reports on Thursday via the investment bank’s Marquee digital platform, according to an email
Photo by Mike Kline (notkalvin) | Moment | Getty Images Proposed legislation unveiled Thursday as part of Democrats’ $1.75 trillion social and climate spending plan would close a tax loophole for cryptocurrency investors. The Build Back Better Act would subject crypto transactions to “wash sale” rules, an anti-abuse measure that currently applies to stocks, bonds
Sax, Parsippany, gave its fourth annual Founders’ Award to Fighting Children’s Cancer Foundation, awarding the nonprofit a $15,000 unrestricted gift for best embodying this year’s theme of “Imagination.” Nearly 150 nonprofits submitted videos for their chance to win the award. (Read the full story.) The New Jersey Society of CPAs, Roseland, expanded its accounting scholarship
Overconfidence is bad, and women are less likely to fall victim to it. Merrill was a guy, and so was Lynch. Goldman? A dude, and Sachs as well. Charles Schwab is a man, and so was E.F. Hutton. Gordan Gekko was an alpha male. And Jordan Belfort, the Wolf of Wall Street? Total bro. Heroes
In this article GME A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Carlo Allegri | Reuters One of the GameStop‘s newly hired top executives stepped down this week as the video game retailer continues its digital transition. Chief operating officer Jenna Owens has
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images President Joe Biden released a framework for his $1.75 trillion spending package Thursday. And while it didn’t propose changes to the $10,000 cap
Becker Professional Education is hoping to expand the number of accountants and CPA Exam takers as the profession has suffered a decline in recent years. The company, which provides CPA Exam training materials and continuing professional education courses, is trying to reverse recent declines in CPA numbers and bring more young people into the profession.
The recent agreement on a global minimum tax and other changes to tax rules around the world have called into question the future of tax competition. It is difficult to anticipate how tax competition will ultimately be impacted by these changes, although I seriously doubt that the usefulness of Tax Foundation’s International Tax Competitiveness Index
In this article AAPL Halfway through third-quarter earnings season, and there are two key catalysts: Demand is strong. Cost inflation and supply-chain issues are the main headwind, but companies are learning to navigate through them. In some cases, supply chain disruption has taken a serious toll. Apple CEO Tim Cook said supply chain issues had cost
In this article BKCC Marko Geber | DigitalVision | Getty Images Does more money equal more happiness? When it comes to your retirement, it does — up to a point, according to certified financial planner Wes Moss, chief investment strategist at Atlanta-based Capital Investment Advisors and author of the book, “What the Happiest Retirees Know.”
Rumbi Bwerinofa-Petrozzello, president of the New York State Society of CPAs, is hoping to make accounting a more diverse profession, as the first woman of color to hold the position in the NYSSCPA’s nearly 125-year history. She is senior director of consulting at Seramount, a data-driven strategic professional services firm that is dedicated to advancing
Tax reform should simplify the tax code. Instead, Congress is debating new ways to raise revenue that would make the tax code more complex and more difficult to administer. The new proposals—imposing an alternative minimum tax on corporate book income, applying an excise tax on stock buybacks, and, at one point this week, a tax
President Joe Biden delivers remarks on his proposed Build Back Better social spending bill in the White House on Oct. 28, 2021 Chip Somodevilla | Getty Images News | Getty Images The White House issued a framework for a $1.75 trillion social and climate spending bill on Thursday — and would finance more than half
President Joe Biden told House Democrats in a private meeting Thursday that his presidency and their political fortunes depend on passage of his multitrillion-dollar economic agenda — yet it was unclear whether his warning would unite the party’s factions. “I don’t think it’s hyperbole to say that the House and Senate majorities and my presidency
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