Marko Geber If you couldn’t max out your individual retirement account in 2021, don’t despair. There’s still time to make a contribution to traditional and Roth IRAs. The deadline for putting money into IRAs for this year is April 15, 2022, giving savers an additional four months to contribute. For 2021, the maximum contribution to
Month: December 2021
Chief tax officers are anticipating some major developments in the New Year when it comes to international taxation, mergers and acquisitions, technology, talent and more, according to a recent survey from KPMG. KPMG’s 3rd Annual Chief Tax Officer Outlook polled 126 CTOs from companies across various industries about global taxes, M&A, tech, hiring, sustainability, and
CONTENT FRESHNESS USEFULNESS A fresh look at how to market your business. Ideal for entrepreneurs who have an established business and need to scale. If you buy something through our links, we may earn money from our affiliate partners. Learn more. Like the proverbial frog in a pot of water, you may not have noticed
James “Jimmy” Cayne, the swaggering bridge-champion Wall Street CEO who led investment bank Bear Stearns during its rise and ultimate fall that would serve as a touchstone for the financial crisis of 2008, has died at age 87. Cayne died Tuesday days after suffering a stroke, according to a report in Bloomberg. One of the
Saul Loeb | AFP | Getty Images New Year’s Day luck could end up making a Powerball player a few hundred million dollars richer. No ticket matched all six numbers drawn Wednesday, which means the jackpot has climbed higher: It’s an advertised $483 million for Saturday night’s drawing, up from $441 million. The top prize
Keep it in the black; employment shuffle; distrust; and other highlights of recent tax cases. New York: Jordan Sudberg has pleaded guilty to tax evasion for 2015 through 2017 in connection with false deductions. The deductions were part of a scheme involving hundreds of business checks purporting to be payments for business services, which he
A new exchange is trying to make it easier to hedge against events in politics and other areas. Kalshi, a firm founded by Tarek Mansour and Luana Lopes Lara, was designated as a contract market by the Commodity Futures Trading Commission in late 2020 and officially launched in June. The exchanges offers binary, yes-or-no contracts
Samuel Corum/Bloomberg Democrats seem to have nixed the idea of taxing returns on unsold stock and other assets, favoring other ways to raise revenue as part of a nearly $2 trillion social and climate bill. Scrapping that tax on “unrealized capital gains” would primarily benefit the richest Americans, who hold the bulk of the country’s
Internal auditors have been forced by the COVID-19 pandemic to work remotely in large part over the past two years, and with the spread of variants like Delta and Omicron, that pattern is likely to continue next year. A recent report from the Institute of Internal Auditors’ Internal Audit Foundation and technology provider AuditBoard report
Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2021 in New York City. Spencer Platt | Getty Images It’s time for my best guesses for next year: 2022 is a year to go big and bold, because a boom is coming. Not a boom in everything, but certainly a
Jose Luis Pelaez Inc | DigitalVision | Getty Images Coming off several years of outsized gains in the stock market, investors may be hoping 2022 is like deja vu again. Don’t count on it. While future performance is impossible to predict with certainty, many financial advisors expect returns will come back down to Earth. “We
The Internal Revenue Service has been stepping up its efforts to provide tax information and resources to taxpayers with limited English proficiency and visual impairments, but more work is needed, according to a new report. The report, released Monday by the Treasury Inspector General for Tax Administration, noted that in January, the IRS sent a
Cargo containers sit stacked on a ship on November 22, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images Morgan Stanley said most acute supply chain disruptions are already easing and will be more fully resolved within the first half of 2022. That’s the base case the investment bank laid out in a recent
U.S. Secretary of Education Miguel Cardona. Bloomberg | Bloomberg | Getty Images After making payments on her student loans since 2005, Karen Tongson is finally free of her debt. In November, Tongson, an English and gender studies professor, signed into her loan account and discovered her balance had fallen from $47,000 to $0, thanks to
The biz climate in all 50; extend them not; when partners won’t commit; and other highlights from our favorite tax bloggers. Too much money TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): Favorite opening of the week: “There is too much money in American politics, and too much of it comes from too few citizens.” A new tack argues that
If you buy something through our links, we may earn money from our affiliate partners. Learn more. The new year is almost here. And that means many small business goals are evaluating 2021 and setting new goals for 2022. There are several areas your company may focus on in the coming year. But if you’re
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Dec. 13, 2021. Michael Nagle | Bloomberg | Getty Images Farr, Miller & Washington is a “buy-to-hold” investment manager, which means we make each investment with the intent to hold the position for a period of
FatCamera | E+ | Getty Images Open enrollment for the public health insurance marketplace lasts a month longer than usual this year — which means there’s still time to get coverage. Through Jan. 15 — unless your state has a different closing date — you and your family can sign up for a plan through
Sensiba San Filippo LLP, a Regional Leader based in Pleasanton, California, is adding SGA CPAs & Consultants LLP, a firm based in Bend, Oregon, effective Dec. 15, 2021. The deal will expand Sensiba’s presence in Oregon, giving SSF more access to the state’s agricultural industry clients, along with its growing venture capital and technology sectors.
Ben Rains dives into the market’s quick bullish turn that pushed the S&P 500 back up to new highs ahead of Christmas and on the Monday before New Year’s Eve. Investors might want to take advantage of the current positivity and buy strong stocks still trading at discounts heading into 2022. (0:30) – Stock Market
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