Month: August 2020

The California Society of CPAs has created a commission to focus on diversity, equity and inclusion issues in the CPA profession. The 25-member CalCPA DE&I Commission (CDEIC) will be chaired by Kathy A. Johnson, vice president of forensic accounting at J.S. Held LLC. Johnson is a former chair of CalCPA’s board of directors and has
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On August 8, 2020, President Trump issued an Executive Order titled “Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster” (the “Order”)[1]. The Order directs the Secretary of the Treasury to permit deferral of employee Old Age, Survivors and Disability Insurance (“OASDI”) taxes for payroll dates on and after September 1,
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With three months until the 2020 U.S. presidential election, a national poll finds that more than one-third of likely voters have a dismal view of their finances — and a bleak outlook for employment, wages, job security and health care. Of the more than 2,300 likely voters in the most recent CNBC and Change Research‘s States
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DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,
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DusanManic | iStock | Getty Images Many people’s retirement dreams received a reality check following the economic downturn caused by the coronavirus pandemic. New research shows that’s especially true for older workers. A recent report from Democrats on the Joint Economic Committee of Congress found that workers ages 65 and up were hit harder by
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With more and more employees working remotely, time tracking is becoming more important than ever. It can reduce labor costs for management. And it increases worker engagement for workers. The best time tracking software can even help a small business meet compliance requirements. Employee Time Tracking Best Practices Looking for the best time tracking product
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Amid one of the worst public-health crises in history, a record number of Americans are without health insurance. John Fedele Amid historic levels of unemployment, as many as 12 million Americans may have lost their health insurance since February, according to a study by the Economic Policy Institute.  “Because most U.S. workers rely on their
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. Most business owners perform many of the same functions on their computers over and over, day after day. Wouldn’t it be nice if there was a quicker and easier way to complete these repetitive tasks? Instead of browsing
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Guidance for companies on President Donald Trump’s payroll tax deferral directive is being held up by White House dissatisfaction with the rules drafted by the Treasury Department and Internal Revenue Service, according to three people familiar with the matter. The White House wants employers, not employees, to be responsible for paying back the Social Security
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