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.
February 25, 2021
New Unemployment Claims Decline More than Forecast
Applications for U.S. state unemployment benefits fell by more than forecast last week to the lowest since November, signaling that job cuts are starting to ebb as COVID-19 infections decline and vaccinations accelerate.
February 25, 2021
IRS Still Working on Last Year’s Tax Returns, May Extend 2021 Tax Deadline
Amid recent requests by the AICPA and National Association of Tax Professionals that the IRS extend the 2021 income tax filing season, millions of Americans are still challenged by a backlog at the IRS of income tax returns from last year.
February 24, 2021
The Key to Effective Change Management: Don’t Forget the Human Element
Change management can be an ambitious undertaking, but it’s important to remember the biggest piece of any change management plan: your people.
February 19, 2021
Grant Thornton Launches ptvault.x Platform for Managing Personal-Property Taxes
Grant Thornton LLP has launched ptvault.x, a new platform to help companies manage personal-property taxes. The cloud-based platform provides Grant Thornton’s clients with data transparency and reduced complexity.
February 18, 2021
Hedge Accounting For Interest Rates: ‘Blend and Extend’ Strategy
Employing a “blend and extend” strategy to reduce near-term cash spend may be ideal in the current environment, but companies should also be aware of the associated hedge accounting implications.
February 18, 2021
New Unemployment Claims Hit 4-Week High
Applications for U.S. state unemployment insurance jumped to a four-week high, indicating the labor market is suffering fresh setbacks even as the coronavirus pandemic shows signs of ebbing.
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February 16, 2021
Global Tax Expert Tom Wheelwright to Host CPA Revolution Masterclass
At the three-day CPA Revolution Masterclass, ticket holders will learn how to deliver high-value services, accelerate cash flow, create a high-performance team, and more. Tickets are on sale now at wealthability.com/cpa-revolution-masterclass-2021-mk.
February 14, 2021
Labor Dept. Confirms Exemption for Investment Advice Fiduciaries
The U.S. Department of Labor’s Employee Benefits Security Administration has confirmed that “Improving Investment Advice for Worker & Retirees,” an exemption for investment advice fiduciaries, will go into effect as scheduled on Feb. 16, 2021.
February 12, 2021
Thomson Reuters Launches New Paid Leave Tax Credit Eligibility Tool
Thomson Reuters has launched a new tool that may be used to determine if an employer is eligible to take a tax credit for providing qualified leave wages for coronavirus (COVID-19) related reasons.
February 12, 2021
Replace Tax Planning with “Golden Egg” Allocation Strategies
2020 was a challenging year for many businesses, and it clearly demonstrated the need to be prepared for the future. It’s quite possible that the coming years will be equally tumultuous, and now is a great time for you to work with your business owner ...
February 10, 2021
1/3 of NY Construction Firms Plan to Increase Workforce in 2021
The Bonadio Group’s 2021 survey of New York construction companies and contractors shows that while 43 percent of construction firms were forced to reduce their workforce in 2020 due to COVID-19 challenges, only nine percent plan on further reductions...
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February 9, 2021
Financial Stress Can Hurt Intimacy in Relationships
Nearly half of American couples experiencing financial tension admit it’s had a negative impact on intimacy with their partner. More often an issue for men than women.