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6 Misconceptions of a Revocable Living Trust
A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
Fed hikes rate a quarter point while creating framework for a pause
The 25 basis-point increase was accompanied by changes in the Federal Open Market Committee’s statement that imply a possible pause at the Fed’s next meeting in June with a bias toward more tightening should inflation prove sticky.
Job openings fell in March as the labor market softened
Job openings fell to 9.6 million in March from almost 10 million in February, a clear sign that the labor market is softening as the economy slows down.
Key challenges for complying with FinCEN’s new beneficial owner reporting rules
Reporting changes for companies with beneficial owners takes effect on Jan. 1, 2024. Leverage these 10 steps to ensure you’re ready to comply and manage the risk that comes with these new rules
SECURE 2.0’s legislative impact on plan corrections
SECURE 2.0 expanded the Employee Plans Compliance Resolution System (EPCRS) to enhance the operational feasibility of qualified plans.
U.S. growth slows to 1.1% as businesses pull back
Growth in the first quarter expanded at a 1.1% annualized pace and by 1.6% on a year-ago basis as a modest inventory correction and a large pullback in business investment—a net drag of 2.34%—offset the robust 3.7% increase in overall household consumption.
Banking regulatory tide set to turn in 2023
The Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and Federal Reserve have zeroed in on numerous regulatory changes for 2023.
Interest rates pose challenges for builders, but opportunities are on the horizon
Residential construction sees a favorable long-term outlook despite ongoing challenges affecting the housing market.
Construction industry outlook
In our 2023 construction industry outlook, we explore what's ahead for middle market business leaders.
How to measure and manage your company’s working capital
Effective working capital management can make all the difference between success and failure in the business world. Learn how to measure and effectively manage your company's working capital.
FASB Amends ASC 842: New Lease Standards for Non-Public Entities
The Financial Accounting Standards Board recently amended the Accounting Standards Codification (ASC) 842, Leases, aiming to improve leasing guidance for non-public entities. This article provides an overview of key changes and impacts of the updated guidance.
IRS releases spending plan for $80 billion IRA funds
The IRS issued an ambitious strategic operating plan for spending $80 billion in additional funding provided by the Inflation Reduction Act.
Hiring cools in March as fears of a wage price spiral ease
The U.S. March employment report indicated that total jobs increased by 236,000, illustrating that hiring remains strong, albeit at a slower pace.
IRS Dirty Dozen Top Tax Scams To Avoid
Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.
Job openings and factory orders soften amid recession concerns
Job openings and factory orders came in lower than expected on Tuesday, continuing to show signs of softening economic demand that should work in the Federal Reserve’s favor in fighting inflation.