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Month: August 2022
Donor-advised funds have been receiving more than half of their contributions from complex assets such as shares of public and private companies, real estate and cryptocurrency in the past five years, according to a new report. The report, released last week by the National Philanthropic Trust, which manages DAFs on behalf of clients, found that
A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Check out the companies making headlines after hours. Novavax — The biotech stock dropped 32% after Novavax cut its full-year revenue
Sen. Kyrsten Sinema, D-Ariz., and Sen. Joe Manchin, D-W.V., on Capitol Hill on Sept. 30, 2021. Jabin Botsford | The Washington Post | Getty Images Senate Democrats passed a historic package of climate, healthcare and tax provisions on Sunday. But one proposed tweak to the tax code — a modification of so-called carried interest rules
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The Senate passed a landmark tax, climate and health-care bill, speeding a slimmed-down version of President Joe Biden’s domestic agenda on a path to becoming law after a year of Democratic infighting that the White House was unable to control. The vote on the bill was 51 Democrats in favor to 50 Republicans against, with
Long-term unemployment tumbled below its pre-pandemic level in July, the U.S. Department of Labor said Friday, as an unexpectedly strong showing of job gains buoyed workers broadly across the economy. Long-term joblessness is a period lasting at least six months. Those without work that long are exposed to more financial risks, since they’ve generally exhausted
Somerset CPAs, Indianapolis, promoted to project supervisor: Leah Randall and Kelsey Sherrill; to senior accountant: Logan Abbring, Tyler Beard, Emily Caister, Mason Degenkolb, Rebecca Korff, Samantha Lewis, Rachel Mace, Shanya Tompkins, Carter Underwood, Sean Tague and Austin Ginther; to accounting services supervisor: Angie Drew and Carrie Moss; to supervisor: David Kane, Doug Lee, Joel Naab
In this article ARCB ABNB CRUS PINS MPWR The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. Charles Platiau | Reuters Economic data and earnings reports have been dictating the pace of the market as investors search for hints on
Firefighters pull up to a burning house during the Kincade fire in Healdsburg, California, on Oct. 27, 2019. Josh Edelson | Afp | Getty Images As climate change threatens the U.S. with more natural disasters, it’s becoming increasingly costly for Americans to insure their homes — and it’s only expected to get worse, according to
In 2019, the American Institute of CPAs released a research report whose findings were alarming for the accounting profession. According to the report, hiring of new accounting graduates declined 11% since the previous trends report in 2016, with the number having fallen a whopping 30% across the previous two reports. But this didn’t reflect less
Getty Images President Joe Biden has promised to make his decision on student loan forgiveness “by the end of August.” That means tens of millions of Americans could learn the future of their debt within days or weeks. Here are 5 things borrowers can do while you wait for more news, to be prepared for
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Eliminate the hot and sticky feeling for good using a ductless air conditioner. The best ductless air conditioner will help you beat the heat in the summertime and the cold during winter without going through the expensive ductwork
As discussed in my last article, running a mastermind group can be a highly effective way to build your business and raise your stature as a thought leader and trusted advisor. Getting a mastermind started will take extra work, but don’t let it overwhelm you. Rather than starting from scratch, look at groups that specialize
In this article BRK.A An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway‘s operating profits jumped in the second quarter despite fears of slowing
Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America
The American Institute of CPAs has sent comments to lawmakers in the House and Senate about the tax proposals in the Biden administration’s climate, tax and spending bill, which could be seeing a vote as soon as this weekend in the Senate. Last night, one key holdout senator, Kyrsten Sinema, D-Arizona, agreed to a modified
In this article TRU There’s no doubt Americans are falling deeper in debt. As prices jump across the board, consumers are increasingly relying on credit cards to make ends meet. The number of people with credit cards and personal loans hit record highs in the second quarter of 2022, according to TransUnion’s latest credit industry
Ben Rains tackles where the stock market and the economy stand to start August. The episode then focuses on three stocks—Humana, Merck, and Dollar Tree—that have proven they can climb during 2022’s falling market and operate businesses that are likely to withstand any economic downturn or possible recession. (0:15) – Stock Market Update: Everything You
All Bonadio Group offices were closed on Friday, as the CPA firm celebrated its fifth annual Purpose Day. This tradition encourages staff members to spend a day volunteering at various charitable organizations, and over 560 staff members participated across New York State. “Just as with our client relationships, the Bonadio Group is committed to serving