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Navigating the new DOL guidance on worker classification
The U.S. Department of Labor's new rule reinstates the "economic reality test" for distinguishing employees from independent contractors and underscores the significant legal and financial consequences of misclassification. This article provides an overview of the rule, its implications, and the steps employers must take to ensure their worker classifications are under the updated guidelines.
Expansion of energy tax credits under the Inflation Reduction Act
Discover how the IRA's expanded energy tax credits offer substantial incentives for a range of projects, from solar power to energy storage. Delve into the specifics of these credits and learn how these changes can benefit project developers and innovators in the energy sector.
Understanding the Backdoor Roth IRA
Are you a high-income earner seeking ways to optimize your retirement savings? Get a full grasp of how the Backdoor Roth IRA can be an effective tool for you.
Initial jobless claims and housing starts post upside surprises
Filings for jobless benefits fell last week to the lowest level in 16 months, a testament for how resilient the labor market continues to be.
IRS Opens ERC Voluntary Disclosure Program
If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help you rectify the situation. Discover the eligibility criteria, benefits, and application process in our informative video.
Global economic outlook: Inflation
The world's economies are nearing price stability.
Global economic outlook: Income
China's per capita income grew at an astounding rate from 2000 to 2010, and similar growth is happening in India.
Global economic outlook: Labor
Labor markets appear to be stabilizing after the upheavals in working arrangements and preferences brought on by the pandemic.
Construction employment: Kick-starting the reindustrialization of the American economy
Growth rates in construction employment strongly support the emerging consensus around an economic soft landing.
The logic of a Fed policy pause and then rate cuts in 2024
After nearly two years of raising the federal funds rate to restore price stability, the Federal Reserve has all but declared an end to that campaign.
Global economic outlook: Rates
Central banks in developed economies have essentially ended their rate hike campaigns and are moving to shape expectations for synchronized rate cuts that should begin in the first half of 2024.
Rate normalization and the return of risk
Conditions are ripe for the yield curve to continue to normalize as the long end moves to a range between 4% and 4.25%.
Slowing U.S. EV sales, high manufacturing costs will drive search for efficiency
Slowing U.S. EV sales and high manufacturing costs will drive search for efficiency.
Don’t miss the January 16th deadline for final 2023 quarterly estimated tax payments
Time is ticking towards the January 16th deadline for the final 2023 quarterly estimated tax payments. Don’t let this date slip by unnoticed!
U.S. income and spending see strong gains as year nears an end
November had a 0.4% increase in nominal income and spending, while inflation-adjusted spending advanced at a 0.3% pace, according to Commerce Department data on Friday.