BDO USA Calls Its New ESOP ‘a Game-Changer’ for the Profession
The sixth-largest public accounting firm in the U.S. said on Monday its ESOP would be among the largest in the country.
Human Resources & Payroll
IRS Warns Employers About Abusive ESOP Schemes
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
Small Business Owners’ Optimism Rose Slightly in July
A new report shows incremental progress for small businesses dealing with inflation, future planning, hiring, and more.
Job Seekers Still Favor 401(k) Plans Amid Economic Uncertainty
Inflation and market volatility are seen as obstacles to saving for a comfortable retirement, Charles Schwab survey shows.
4 Key Tax Benefits of Hiring Your Children
Hiring your child can potentially lower your tax bill and help kids develop skills, but there are some IRS rules you need to follow.
3% Social Security COLA Estimated for 2024
The Senior Citizens League found that a 3% COLA would increase an average monthly benefit of $1,787 by a little more than $53.60.
Once Again, the IRS Delays RMD Rules for Inherited IRAs
The IRS last week gave taxpayers additional relief from the confusing rules for certain required minimum distributions.
Despite Economic Concerns, Small Business Owners Remain Optimistic
Small businesses have record-high expectations for revenue and hiring in Q2 in the face of high inflation and rising interest rates.