The next cost-of-living increase for Social Security recipients — which was already projected to be the lowest in years — is continuing to fall even lower, according to the latest figures from the Bureau of Labor Statistics.
Browsing: Business
To address these challenges, we are excited to announce a transformative webinar titled “Black-Owned Businesses: Building a Strong Brand and Marketing for Your Business.” This session is part of our Midday Insights series, specifically designed to equip Black-owned businesses with the insights and tools necessary to create compelling brand identities and reach their target markets with precision.
August marks National Black Business Month but few Americans know its origin, and that East St. Louis, Illinois played a significant role.
Higher education is believed by many to be a bridge to a financially secure future. But for the more than 43 million Americans who together owe $1.6 trillion in student debt, that bridge gets longer and harder to cross when federal courts continue to block programs designed to relieve borrowers of the rising costs of loan repayment.
For many people of modest means, taking a second job has been a go-to option for seasonal and/or short-term additional earnings. Whether planning for special holidays, noteworthy family events, or a one-time purchase, a “side hustle” has enabled many families to have a few extra comforts to make life more enjoyable.
Digital assets have become an increasingly popular method of payment and an asset for investment or trading. Because many transactions involving digital assets fall outside the scope of information reporting rules, on August 25, 2023, the government issued proposed regulations for them. The new rules are intended to make it easier for taxpayers to track and report their gain or loss from dispositions of digital assets, and to enable the IRS to focus its audit efforts on taxpayers more likely to have underreported income from digital asset transactions.
Lenders and banks check your credit before they approve you for new credit cards or loans. They do this to be sure that in the past you’ve paid your debts on time. If you have, you are more likely to pay your new loan or credit card payments on time.
The GASB (Governmental Accounting Standards Board) standards play a pivotal role in ensuring transparency and accuracy in financial reporting for governmental entities. GASB Statement No. 101, Compensated Absences, addresses a crucial aspect of accounting: compensated absences. This standard provides guidelines for how governmental entities should account for and report compensated absences, including vacation, sick leave, and other paid time off.
The majority of — if not all — employers understand that they must report the salary, overtime pay and bonuses that their employees receive as compensation for the jobs they perform. But did you know that the IRS also wants to know about other forms of taxable compensation?
Regardless of race, income, or geography, every family needs and deserves a place to call home. It’s a place not only for shelter from life’s many storms; but also, where families come after school or work, celebrate birthdays or holidays – and all the activities that together turn a house into a home. But in recent years, the ability to have a home – as a renter or as a home owner – has been an increasing financial strain.