Articles
The IRS is watching: Are you saving too much for retirement?
There are penalties for overstuffing retirement accounts and underspending the money Read More.
Updated on 17 hours ago Miami building collapse: Possible causes explained by area expert
Miami's salty coastal air could have facilitated the erosion of steel, expert said Read More.
The Chairman’s Report June 25, 2021
All of us are familiar with non-profit charitable organizations. Many of us know that these organizations qualify as “exempt” under Section 501(c)(3) of the Internal Revenue Code (IRC). This exemption is quite valuable to an organization in two primary ways.
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Governor Polis Signs Colorado Child Tax Credit Into Law
The signing of a Colorado-specific child tax credit bill into law by Governor Jared Polis appears timed for maximum support of a federal effort to support families that is already underway. Read More.
Morgan Stanley workers will need to be fully vaccinated to enter offices: reports
Morgan Stanley employees will need to be fully vaccinated against COVID-19 before they can return to their offices in New York, according to reports Tuesday. Read More.
New home sales unexpectedly slide as prices hit record high
Median sales price rose to $374,400 Read More.
The natural-gas glut has evaporated, driving prices higher
The power-plant fuel costs twice what it did at the start of last summer, portending higher utility bills and manufacturing costs Read More.
Investors fear inflation, labor shortages in second half of 2021
Investors entered 2021 concerned about the transition to a new U.S. president, the form of new fiscal stimulus, the distribution of vaccines and the reopening of the economy. Now, top risks include supply chain bottlenecks, labor shortages, inflation and slower GDP growth. Read More.
It looks a lot like 2004 in the markets, Morgan Stanley says. What happens next.
U.S. stock futures pointed to a rebound on Monday following Wall Street’s worst week since October.
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IRS Denies Tax Exemption to Texas Religious Group Because Prayer, Bible Reading Boost the Republican Party
An IRS official denied tax-exempt status to a Texas group that encourages church members to pray for state and national leaders, regardless of their party affiliation, because it benefits “the private interests of the [Republican] Party.” Read More.
The Grassroots Corner June 21, 2021
🇺🇸 The Grassroots Corner - Week Beginning 6/21/21: “Meet Candidate Rubin Young” Read More.
Understanding the global minimum tax and the growing risk of ransomware
The G7 announced a framework for a global minimum tax last week. In this episode, Amy Wang Miller, CPA, J.D., senior manager with the AICPA’s Tax Policy & Advocacy team, explains what the framework means, what accounting and finance professionals can expect next, and what the future of a global minimum tax looks like. Read More.
$950 billion infrastructure bill gets bipartisan Senate support
Lawmakers come up with a 'framework' to tackle infrastructure without raising taxes Read More.
Red-Hot U.S. Economy Drives Global Inflation, Forcing Foreign Banks to Act
Central banks are raising rates to fend off a rise in inflation as policy makers respond to the booming U.S. economy Read More.
The Chairman’s Report June 18, 2021
About a week ago, Propublica released a document based on a review of leaked IRS tax returns. They did not allege that any of the wealthy taxpayers involved were violating any part of the Internal Revenue Code. The “crime” that these wealthy people committed was that they made a lot of money and paid very little, if any, tax.
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