Retirement September 30, 2026
History of Social Security COLAs
The predicted 2027 cost-of-living adjustment of 3.5% would rank 19th among the increases implemented since 1977, the first year Social Security began calculating the annual boost.
April 30, 2020
3.8 Million More U.S. Workers File for Unemployment, Rate Hits 22%
Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses across the country.
April 29, 2020
Avoiding Employee Recall Issues After Coronavirus Recedes: Labor Law
Whatever recall procedure an employer follows, it is imperative that employees be thoroughly informed about the process. This is a time for complete transparency. With employees understandably desperate to once again be earning a paycheck, those not ...
April 29, 2020
Coronavirus Charity: How to Decide Where to Donate
According to a survey of nonprofit organizations by Charity Navigator and Reuters this month, 83% of respondents said they were suffering financially because of the outbreak. Many groups have had to cancel fundraisers and in-person events ...
April 29, 2020
Some Governments Starting to Provide Coronavirus Relief to Gig Workers
With governments bracing for economic contractions and joblessness not seen since the Great Depression, more of them are doling out part of their $8 trillion-plus stimulus to prop up the gig economy — supporting part-time and freelance workers who ...
April 29, 2020
AICPA Suggests Conditions for PPP Loan Forgiveness
The recommendations were made in consultation with an AICPA-led small business funding coalition, CPA firms and other key stakeholders. They build on previous guidelines the AICPA has provided to help bring clarity to the implementation of the PPP.
April 28, 2020
IRS Website Now Has Tools to Add or Change Direct Deposit Information, Track Coronavirus Stimulus Payments
Taxpayers who did not have direct deposit information on record with the IRS can now enter or change that info on the IRS website Get My Payment tool.
April 28, 2020
IRS Urges Non-Tax Filers to Use Online Tool to Get Coronavirus Stimulus Payments
The Internal Revenue Service is recommending that low-income Americans use the free, online tool Non-Filers: Enter Payment Info to quickly and easily register to receive their Economic Impact Payment.
April 27, 2020
American Financial Satisfaction Sees Largest Drop in a Decade
The most notable factor driving the quarter-over-quarter PFSi decline was the PFS 750 Market index, an AICPA proprietary stock index comprised of the 750 largest companies trading on the US Market.
April 25, 2020
SSI, VA Benefit Recipients and RR Retirees Must Act by May 5 to Add Dependents
Supplemental Security Income and Department of Veterans Affairs beneficiaries need to act by May 5 if they didn’t file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment.
April 24, 2020
American Financial Satisfaction Sees Largest Drop in a Decade
As the COVID-19 pandemic has strained the U.S. economy and put millions out of work, Americans have experienced the biggest drop in their personal financial satisfaction in more than a decade.
April 22, 2020
Is the IRS Targeting Captive Insurance Arrangements?
In a captive insurance arrangement, a business forms a related insurance company for the purpose of insuring primarily, though not exclusively, risks of that related business. Via captive insurance arrangements, businesses can cost-effectively insure ...
April 22, 2020
Paychex Aligns with FinTech Providers to Help Businesses Apply for New PPP Funding, Once Available
While Congress prepares to allocate additional relief funds to the currently depleted program, Paychex, Inc., a provider of HR, payroll, benefits, and insurance solutions, today announced it has aligned with online lending providers Biz2Credit, Fundera ..