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How states can address evolving privacy laws
With the recent rise in U.S. state privacy laws, state entities should take necessary measures to maintain public confidence and trust.
Exempt organization inflation adjusted items for 2024
Rev. Proc. 2023-34 provides annual inflation adjustments for tax year 2024, including those relevant to exempt organizations.
In wake of bank failures, FDIC doubles down on corporate governance
The FDIC has proposed guidelines on corporate governance and risk management practices for banks with $10 billion or more in assets.
Consumer sentiment falls to lowest level since May
The University of Michigan's consumer sentiment index dropped unexpectedly in November to the lowest level since May as inflation concerns mounted.
Supreme Court tax case could have outsized ramifications on income taxation
The Supreme Court's ruling in Moore v. United States could reshape Congress' authorization to tax income.
Two Estate Planning Strategies to Help Protect Wealth
A goal of estate planning is to maximize the wealth that is passed on to one's heirs. In this video, we'll discuss how a Spousal Lifetime Access Trust and an Irrevocable Life Insurance Trust may help you minimize estate taxes and protect wealth.
U.S. October jobs report: Moderation in hiring as wage gains outpace inflation
The economy added 150,000 jobs in October with the unemployment rate at 3.9%, the Bureau of Labor Statistics reported on Friday.
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
New proposal aims to boost electric vehicle purchases through tax credits
Starting in 2024, tax credits for electric vehicles could be transferred to dealers, reducing the vehicle's purchase price. The proposal aims to expand EV adoption by offering immediate financial benefits and broadening the pool of eligible consumers.
The Key Functions of Your Nonprofit Board
Nonprofit board service can be as exhausting as it is rewarding. Whether you are on a board yourself, thinking about joining a board, or seeking to improve the one you sit on, here are three things that high-functioning nonprofit boards get right.
FOMC decision: Extended pause as Fed waits for economy and inflation to ease further
The Federal Reserve maintained its policy rate in a range between 5.25% to 5.5% at its November policy meeting on Wednesday. Given the recent backup in Treasury yields.
Don’t believe the hype: Student loan repayments present a modest drag on growth
The restarting of student loan repayments will not cause a large drag on overall spending or economic growth in the final quarter of the year.
Fed’s key wage inflation metric tops forecast
The employment cost index for the third quarter showed that labor costs rose 1.1% higher than the forecast of 1.0% and were higher than the pre-pandemic average
Spending stayed robust in September as inflation steadied
Friday's data on spending and income, together with recent data on gross domestic product, have pointed to a booming economy that should push back any speculation for an imminent recession.
Resilient U.S. economy grows 4.9% in third quarter
A resilient American economy continued to defy expectations by growing at a 4.9% pace in the third quarter because of one-time factors inside the consumption channel and because of sustained gains in U.S. labor dynamics and modest real income gains.