On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
New home sales extended this year's slump by dropping 12.6% in July to 511,000 annualized, following a 7.1% drop in June.
The idea of placing a cap on the price of Russian oil leaves the question of enforcement-or how to prevent Russia and other nations from getting around the cap.
New filings for jobless benefits last week rose by 3.8% to 244,000 while producer inflation rose by a surprisingly strong 1.1% in June.
Retail sales dropped by 0.3% in May, a decline from a downwardly revised 0.7% increase in April, the U.S. Census Bureau reported on Wednesday.
The impact of global market forces like the war in Ukraine and OPEC far outweighs whatever influence retailers or refiners have on the prices that consumers pay…
From an innovative insulin delivery device to a Ph.D. internship program, each week we highlight five things you need to know about in life sciences.
Pending home sales in April dropped more than expected as mortgage rates climbed toward a multidecade high.
The bond market anticipates an acceleration of Fed rate increases and a drawdown of the Fed’s accumulation of long-term Treasury bond purchases.
IRS issued proposed PFIC regulations which impact US partners with foreign assets held through US partnerships.
IRS: Website that connects lessors to lessees is a “brokerage service,” shareholder not eligible for section 1202 capital gain exclusion.
The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.
Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.
Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.