Wealthy investors are about to lose a tax loophole that IRS allowed for years. The tax cops say its new policy and enforcement will net billions of dollars in revenue over the next decade to the treasury. IRS plans "to…
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Extortion attempts such as ransomware attacks are on the rise again. Companies may want to consider cyber insurance policies to protect themselves. Client companies insured by Marsh reported a record number of cyber extortion attempts in 2023, roughly 65% more…
Is there a single business in the U.S. that's resisted raising prices since early 2020? Good luck finding one. But there's a fine line between passing along higher costs of doing business to the customer, and "fixing" prices. Case in…
You just can't always tell from an interview if certain applicants may require more praise and (ahem) hand-holding than other job candidates. But there are clues. Such as ... ... requesting to bring a parent along on a job interview.…
IRS has announced some inflation-adjusted dollar amounts you'll need if your benefits package includes tax-favored health plans. For starters, in 2025, employees will be able to contribute more to their health savings accounts (HSAs) without worrying about federal income tax.…
The Small Business Administration (SBA) is launching a line of credit program that gives small businesses up-front access to capital and more room to borrow. Biz owners can use all the help they can get as more banks are tightening…
Non-bank financial institutions are facing a double whammy, courtesy of the Consumer Financial Protection Bureau (CFPB). A new federal registry -- liable to be accessible on the Internet after its launch -- will list "corporate offenders that have broken consumer…
Back in 2013, the Securities & Exchange Commission (SEC) accused hedge fund manager George Jarkesy of defrauding two investors. Unlike most folks charged with securities fraud, Jarkesy refused to settle and be done with it. Fast forward 11 years: The…
Ever-growing postage rates are driving companies to digitize as much as possible. A record-high rate hike set for July 14 is going to impact companies that rely on the mail to do business. The U.S. Postal Service (USPS) announced it…
Heads up: Public accounting firms will need to implement (or update existing) quality control protocols. And they must reevaluate their quality programs on an annual basis under a recently announced accounting standard. The Quality Control (QC) 1000 standard was adopted…
The traditional "bean counter" role of the CFO is a thing of the past. Today's financial leaders are expected to boost efficiency and cut waste across all areas of their organizations. As a result, the typical CFO works well over…
Companies are now complying with the Securities & Exchange Commission's (SEC) cybersecurity breach rule. Or maybe over-complying would be the more apt term for it! Microsoft (MS) is just one of a handful of companies that recently filed a Form…
