KEY POINTS Wages are rising but it’s not enough to keep up with the increased cost of living. Nearly two-thirds of Americans are still living paycheck to paycheck, according to one recent report. The economy is recovering but workers are… Read More »Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds
There’s still time to salvage this year’s tax filing season, or at least make a difference, if the IRS adopts recommended taxpayer relief measures, Jan F. Lewis, CPA, the chair of the AICPA’s Tax Executive Committee, told the U.S. Senate… Read More »AICPA testifies to Congress on IRS service problems
Prices appear likely to continue rising in a pandemic-altered environment that continues to see high inflation in many countries, according to Tim Mahedy, a senior economist and senior director at KPMG. The pandemic has led to extremely high inflation in… Read More »Pricing pressures continue as labor, supplies remain scarce
Federal Reserve officials said last month the bank may need to raise interest rates and reduce its bond holdings faster than they currently anticipate if inflation continues to rise above their target, according to minutes of the meeting released on… Read More »Fed officials floated faster rate hikes in January meeting
If you’ve been feeling depleted while running your business, you could be dealing with more than just a rough patch. Burnout, which the World Health Organization officially recognized in its 2019 International Classification of Diseases, is a syndrome that results from… Read More »How to Recover From Burnout as an Entrepreneur
The pace of blank-check mergers failing to cross the finish line is accelerating as the industry grapples with waning investor interest. At least six mergers with special-purpose acquisition companies have been canceled this year, on pace for a record number… Read More »SPAC Mergers Are Falling Apart at a Rapid Pace
KEY POINTS The producer price index, which measures wholesale prices, rose 1% in January and 9.7% for the 12-month period, the latter just off the record high. Core PPI rose 0.9%. Both increases were at least double the Wall Street… Read More »Wholesale prices rise 1% in January, up near-record 9.7% over the past year
Nearly 24 million taxpayers are still waiting for the Internal Revenue Service to process their tax returns from last year — a number far larger than previously reported by the agency — with many refunds being held up for 10… Read More »IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season
The IRS announced Wednesday in a news release the letters and notices it will not send taxpayers as it works through its backlog of unprocessed prior-year returns. In a Jan. 27 announcement, the Service said it was suspending certain automated letters and notices… Read More »IRS identifies paused taxpayer notices
Last year saw some fundamental shifts in the startup funding landscape that will have a profound impact by this time next year. Interest rates were at an all-time low, which meant that there were few asset classes providing high returns… Read More »4 Reasons 2022 Will Be A Turning Point For Startup Funding