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IRS Projects That Job Losses Could Persist for Better Part of Decade
The Trusted Professional
according to Accounting Today A 2018 Federal Reserve study
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Corporate Debt Binge Could Be Drag on Economy
The Trusted Professional
Corporations, already big fans of debt, have become even more leveraged since the pandemic began, borrowing so much that it…
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The CARES Act Made it Easier to Draw Cash from 401(k)s, But Few Have Taken Up the Offer
The Trusted Professional
Recent data from the Investment Company Institute (ICI) indicates that despite the CARES Act making it easier to tap 401(k)…
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House Ways and Means Committee Chair Urges IRS to Stop Sending Past Due Notices Until It Has Cleared Mail Backlog
The Trusted Professional
Rep. Richard Neil (D-Mass.), the chair of the House Ways and Means Committee, has urged the IRS to stop sending taxpayers…
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Jobless Numbers Rise Again, to 1.1 Million
The Trusted Professional
The U.S. Department of Labor announced sub-million milestone remain at an impasse according to the Wall Street Journal
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Parties Inch Closer to Agreement on Stimulus Deal, But Much Distance Remains
The Trusted Professional
Congressional Democrats, faced with mounting constituent pressure, have signaled a willingness to make some concessions in…
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Coalition of Business Trade Groups Call Payroll Tax Deferral Unworkable
The Trusted Professional
A coalition of 33 business trade groups said that the White House's planned deferral on collecting payroll taxes will create…
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IRS to Distribute Interest on Refund Payments, Averaging $18
The Trusted Professional
The IRS announced Form 1099-INT also reminded taxpayers
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Average CEO Pay Reached $21.3 Million in 2019, a 14 Percent Jump From Previous Year
The Trusted Professional
Corporate CEOs got a 14 percent pay raise last year, with average compensation having reached $21.3 million and researchers…
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