After flush years, households show a reluctance to borrow
As flush households face the potential of an economic slowdown, they are reluctant to take on debt. Instead, households appear to prefer precautionary saving in contrast with overconsumption.
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SECURE 2.0: Considerations to achieve your workforce and business goals
Employers that understand SECURE 2.0's new requirements and the pros and cons of adopting optional provisions can implement the act effectively.
FASB proposes guidance on crypto assets
Recently proposed FASB guidance would improve accounting and disclosure of certain crypo assets.
Required minimum distributions after SECURE 2.0
SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
IRS establishes program to allocate solar and wind capacity limitation
IRS and Treasury establish program for increased credits for energy projects for low-income communities.
Fed hikes rates by 25 basis points as it approaches peak
The central bank hiked its policy rate by 25 basis points to a range between 4.5% and 4.75%, its eighth straight increase, though lower than the recent hikes.
Incentivize Employees With Stock Appreciation Rights Instead of Equity
Many business owners want to incentivize and reward employees by tying their compensation to the company's performance. One way to do this is through stock options, but using stock appreciation rights might be a better solution.
U.S. inflation eases in December, supporting a moderation in Fed rate hikes
Top-line inflation declined by 0.1% on the month in December and increased by 6.5% on an annual basis.
IRS releases fact sheet regarding residential energy credits
A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
Key takeaways for employers under the SECURE 2.0 Act of 2022
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
FASB Proposes Changes to Lease Accounting Rules
The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update for Leases (Topic 842). The update addresses related-party arrangements between entities under common control. This video provides an overview of the proposed changes.
FOMC preview: Policy rate to increase by 50 basis points
Such an increase would follow a series of 75 basis-point increases and would lift the Fed’s policy rate to a range between 4.25% and 4.5%.
Schedule K-3 questions and answers to recently released instructions
When Schedule K-3 instructions were released by the IRS, many pass-through entities feared compliance challenges. Here's how it played out.
Job openings and quits continue to moderate
There remained 1.7 job vacancies per unemployed worker, significantly higher than 2019's average of 1.2.
When To Outsource Your Accounting
Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.
U.S. October CPI: Inflation still high, but relief on the horizon
inflation is most likely approaching an inflection point where the central bank can begin considering a pause in its efforts to restore price stability.