Saul Loeb | AFP | Getty Images The SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them in. Special purpose acquisition companies, known as SPACs or blank-check funds, are a hot-ticket item
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The New York State Society of CPAs announced that applications are being accepted for the annual Moynihan Scholarship Fund’s Career Opportunities in the Accounting Profession program. The COAP program, in collaboration with the NYSSCPA, is aimed at underrepresented New York high school students who are seeking careers in accounting and business. The program includes testimony
Content Freshness Usefulness Use this book to identify opportunities in a post-pandemic work environment. If you buy something through our links, we may earn money from our affiliate partners. Learn more. What problem are you solving for people? As a small business, if you haven’t identified a common problem and implemented a solution for it,
SpaceX president and COO Gwynne Shotwell wants what SpaceX is doing to “reinvigorate the industry,” while also getting “young children thinking about being in the space industry again.” Kimberly White | Vanity Fair | Getty Images SpaceX president Gwynne Shotwell does not think the company will add “tiered pricing” for its direct-to-consumer Starlink satellite internet
After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif. Source: Taryn Orellana When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move. In October, the couple
Security experts are seeing a rise this tax season of phishing schemes and malware tied to hot button subjects like tax refunds, stimulus payments and COVID-19 vaccines. The Internal Revenue Service recently warned about an ongoing IRS-impersonation scam that mainly targets educational institutions, including students and staff who have “.edu” email addresses. The emails show
In this article TSLA XPEV NIO ZE594-CN Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese automaker BYD sold more than twice as many battery-powered electric cars as start-up Nio delivered in March. BYD, which
A pedestrian wearing a protective mask walks past the Macy’s Inc. flagship store in the Herald Square area of New York, U.S., on Tuesday, Nov. 17, 2020. Victor J. Blue | Bloomberg | Getty Images On any given day, the line outside the Gucci boutique at the Mall at Short Hills in N.J. winds around
PricewaterhouseCoopers is encouraging its employees to use their vacation days by actually paying them additional money to do it, while also giving them salary increases and bonuses across the board. The firm announced base salary increases for employees Friday, along with an expanded bonus pool. The firm is also giving a special “thank you” bonus
If you buy something through our links, we may earn money from our affiliate partners. Learn more. The commercial entrance mat you see in front of the doors of a building is multifunctional. It may not seem like it, but a quality mat delivers more than meets the eye. And with the right entrance mat,
Blackstone‘s Byron Wien on CNBC on Friday projected that Wall Street will get hit by another correction before the bull run resumes and stocks end the year higher than current levels. Inflation will shoot up faster than most forecasts, which will drive the Federal Reserve to tighten monetary policy and likely lead to a market
Alex Wong | Getty Images News | Getty Images President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday. The president also called to broaden eligibility to undocumented immigrants known as Dreamers. Pell grants are available to undergraduate students who
Rep. Lloyd Smucker, R-Pennsylvania, has introduced legislation to delay the deadline for the first quarter’s estimated tax payment deadline until May 17 in line with a request from accounting and tax professional groups. Smucker has already gained support from many fellow lawmkaers, and recently led a letter, cosigned by 59 other members of Congress on
Wharton School finance professor Jeremy Siegel said Thursday he expects the stock market’s rally will persist at least throughout this year. However, he told CNBC that investors will have to be cautious once the Federal Reserve adjusts its highly accommodative monetary policies. “It isn’t until the Fed leans really hard then you have to worry. I mean,
A person walks under a marquis for a closed down Paramount theater in Oakland, Calif. on Feb. 12, 2021. JOSH EDELSON | AFP | Getty Images It’s been a year since unemployment claims peaked at nosebleed levels and signaled the depth and severity of the Covid downturn. Yet claims for unemployment benefits persist at rates
America is known for its exceptionalism, but when it comes to corporate tax policy, the Biden administration is embarking on an uncharted course that will set the U.S. apart from global tax policy norms and best practices. The proposed changes to our corporate tax rules could make the U.S. a less attractive place to do
The Small Business Administration opened a long-awaited aid program Thursday for music venues, performing arts groups, nightclubs, movie theaters and museums to provide them with money during the pandemic. The Shuttered Venue Operators Grant program was passed by Congress in December as part of the Consolidated Appropriations Act, giving up to $16.2 billion in aid
Newly implemented county and regional taxes yield state and local top marginal tax rates in excess of 26 percent for many Portland small businesses, and if all of President Biden’s tax proposals were adopted, those owners could face all-in marginal rates of more than 80 percent, far and away the highest in the country going
If you buy something through our links, we may earn money from our affiliate partners. Learn more. If you are looking to have breakroom snacks for your employees, you should seriously mull over the type of snacks to provide them. This is because what they snack on while they are working will affect how they
The UK government has made “leveling up”—a push to boost economic performance in less thriving regions of the UK—one of its top policy priorities. The recent introduction of a UK super-deduction for capital investments in plant and equipment will likely contribute to this goal. Higher capital allowances for plant and equipment disproportionally help capital-intensive industries
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