Browsing: Business

A refund system for businesses that paid tariffs which the U.S. Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so was scheduled to launch Monday.

     As state and local governments move through 2026 financial reporting cycles, GASB Statement No. 103 is no longer just on the horizon, it is here. Effective for fiscal years beginning after June 15, 2025, the standard now applies to June 30, 2026 year ends, making this the first widespread implementation year for many governments.

       Some companies pay employees weekly. Others pay twice a month. Every other week is also popular. Company policies, industry traditions, and state and federal regulations all play a role in choices. Usually everything works out for everyone, but 2026 is special. Thanks to a rare calendar quirk, every-other-week companies are facing some hard choices.

     A new investigative report, RENT NOW, PAIN LATER: How “Rent Now, Pay Later Loans” Put Working People at Risk, shares how these lenders are pushing loan products that involve hidden high costs, misleading claims and deceptive practices that push already-underpaid workers further into debt. Further, the fine print in these loans builds in abuses that deny consumers a legal right to challenge the fraudulent practices or to recover their hard-earned monies. 

       Leading employees is a major responsibility, and not everyone is a born leader. For most people, it takes time, patience, practice and support from your own manager. If you have been promoted within your company, you are already familiar with how things work and who the players are. If you are new to the company, it will take you time to learn the ropes. The best way to do this is to observe and then act accordingly. In both scenarios, you will need to understand the organizational structure, how your team fits into the whole and what relationships you will need to develop within the company to make your team succeed.

     Beginning January 1, 2026, certain higher‑earning employees who make catch‑up contributions to employer‑sponsored retirement plans (e.g., 401(k), 403(b), governmental 457(b)) must make those catch‑up contributions on a Roth (after‑tax) basis. This requirement comes from SECURE 2.0 Act §603 and is now fully clarified through final IRS regulations issued in September 2025.

  The 2025 tax filing season reflects one of the most significant sets of changes in recent years following enactment of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act. While the law permanently extended many provisions of the Tax Cuts and Jobs Act (TCJA), it also introduced new deductions and reporting requirements that increase complexity for organizations and their employees.

       As the new year begins, nonprofit organizations, governmental entities, employee benefit plans, and the businesses and individuals that support them throughout South Florida are navigating a shifting landscape of accounting standards, regulatory priorities, and tax planning considerations. Proactive awareness and early preparation can help minimize surprises, strengthen compliance, and create meaningful efficiencies in the months ahead.

     Just in time for Black History Month, Latriece Watkins, a longtime Walmart executive, has been named president and chief executive officer of Sam’s Club, effective Feb. 1, in a leadership reshuffle announced by Walmart’s board. The promotion places Watkins, a 28-year veteran of the company, at the helm of one of the nation’s biggest membership retail chains.

     On behalf of the nearly 9 million people who are now in default on their student loans, a coalition of advocates from consumer, civil rights, and education organizations are appealing to the federal Education Department to halt its plans to begin garnishing borrower wages this month. Default status connotes borrowers are 270 days or more behind on their payments.