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Bad debt tax deduction method proposed for financial institutions

Bad debt tax deduction method proposed for financial institutions

Banks and insurance companies would see a simplification of their tax reporting of credit losses under proposed regulations.
Revising our 2024 inflation outlook: Moving back to a 2% target

Revising our 2024 inflation outlook: Moving back to a 2% target

We expect the Fed to begin cutting rates in June, and that the central bank will reduce its policy rate four times this year, by 25 basis points each.
What are the benefits of managed payroll?

What are the benefits of managed payroll?

Managed payroll, also known as payroll outsourcing, can decrease risk, increase accuracy, protect sensitive data and better support your business.
The Fed”s key wage gauge slows to lowest level since 2021

The Fed”s key wage gauge slows to lowest level since 2021

The overall index eased to 0.9% in the fourth quarter on a seasonally adjusted basis, down from 1.1% in the previous quarter.
FOMC policy decision: Setting the predicate for rate cuts

FOMC policy decision: Setting the predicate for rate cuts

The Federal Reserve shifted its bias on monetary policy away from tightening to a balance of risks that favors neither rate hikes nor cuts.
Practical strategies for managing a sudden financial gain

Practical strategies for managing a sudden financial gain

Are you equipped to handle a sudden financial gain? Learn four steps you can take to navigate tax planning and potential tax burdens associated with a financial windfall.
Financial analysis of leasing vs. purchasing a vehicle

Financial analysis of leasing vs. purchasing a vehicle

Understanding the financial differences between leasing and purchasing a vehicle can save you a significant amount of money. This article provides a detailed breakdown to help you make an informed decision.
Spending remains strong as a key inflation gauge declines toward Fed’s target

Spending remains strong as a key inflation gauge declines toward Fed’s target

Inflation dynamics to close out last year strongly point to a near-term return to the Federal Reserve's 2% inflation target amid a solid labor market, strong spending and real income gains.
FOMC preview: Modest adjustments will lead to pivot by midyear

FOMC preview: Modest adjustments will lead to pivot by midyear

The FOMC next week will almost certainly leave its policy rate unchanged between 5.25% and 5.5% and maintain the pace of quantitative tightening.
U.S. economy booms at a 3.3% pace in the fourth quarter

U.S. economy booms at a 3.3% pace in the fourth quarter

The U.S. economy last year expanded by a robust, above-trend pace of 3.1% and a fourth quarter pace on a seasonally adjusted rate of 3.3%.
Remote workforces are complicating state tax nexus and withholding

Remote workforces are complicating state tax nexus and withholding

As businesses increase the use of remote workforces, nexus and withholding determinations can greatly complicate state tax compliance.
Compensation and benefits planning can help you navigate an aging workforce

Compensation and benefits planning can help you navigate an aging workforce

Considerations for structuring compensation and benefit plans that help companies minimize the costs and risks of retiring workers.
The workers and workplaces of the future

The workers and workplaces of the future

How companies are adapting hiring practices and workforce strategies, given the shrinking U.S. labor force, according to the U.S. Chamber of Commerce.
From partnerships to side gigs, who really owes self-employment taxes?

From partnerships to side gigs, who really owes self-employment taxes?

Explore the impact of a recent legal shift that broadens the scope of self-employment taxes, including limited partners and gig workers. Learn how everyday activities could land you in the self-employment tax bracket and how to avoid potential penalties.
Self-employed? Here’s how to pick between a SEP IRA and Solo 401(k) for your retirement

Self-employed? Here’s how to pick between a SEP IRA and Solo 401(k) for your retirement

Explore two popular retirement plans, SEP IRA and Solo 401(k), for the self-employed in this overview, focusing on their benefits, drawbacks, and the strategic considerations for choosing between them. Learn about higher contribution limits, flexibility, and tax advantages these plans offer. Get insight into which plan best fits your retirement goals and business structure.