Month: June 2021

From our Capital Thinking blog, our public policy colleague Stacy Swanson shares the latest federal employment law developments in in the legislative and executive branches during the week of June 21, 2021. *** This is a weekly post spotlighting labor topics in focus by the US legislative and executive branches during the previous week. In this issue,
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Jason York | Getty Images State lawmakers around the country are increasingly tackling the retirement-savings gap head on. Maine has become the latest jurisdiction to enact a law to require most employers that don’t offer a retirement plan to automatically enroll their workers in an individual retirement account through a state-administered program. The New York
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The tax proposals contained in the Biden administration’s fiscal year 2022 budget, including the American Families Plan (AFP) and American Jobs Plan (AJP), would levy $2.3 trillion in new taxes on high-income earners and businesses and provide $998 billion in refundable tax credits to low- and middle-income households, for a net tax increase of $1.3
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The Internal Revenue Service and the Treasury Department released guidance Tuesday giving renewable energy companies more time to develop projects that were delayed by the COVID-19 pandemic. The Treasury and the IRS offered a safe harbor last year allowing eligible renewable energy projects to be considered as satisfying the continuity requirement for claiming the production
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In 2020 and 2021, Congress enacted three rounds of economic impact payments (EIPs) for direct relief to households amidst the pandemic-induced downturn. Survey data from the U.S. Census Bureau indicates that households increasingly saved their EIPs or used them to pay down debt rather than spend them. About 90 percent of tax filers and millions
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In this article 9988-HK 9888-HK FISV Leon Cooperman on CNBC’s “Halftime Report.” Scott Mlyn | CNBC Billionaire investor Leon Cooperman said Tuesday that stock picking is key to superior returns going forward as the overall market has grown stagnant after a historic rebound from the pandemic hit. “In terms of my long-term outlook, to be honest
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Jose Luis Pelaez | Getty Images Investors who want to capitalize on emerging trends — i.e., electric vehicles or remote work — may want to check out “thematic” exchange-traded funds. These ETFs provide a way for investors to engage in so-called thematic investing, which generally means buying stocks or other investments that may benefit from
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Better enforcement; for fans of tax crime; partner sabbaticals please; and other highlights from our favorite tax bloggers. Hot topics Taxbuzz (https://www.taxbuzz.com/blog): Partisan bickering over tax rates is a constant, but when five of the nation’s former Treasury secretaries agree on something, it’s time to take notice. In response to reports of enormous disparities between
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Mary Erdoes Adam Galica | CNBC JPMorgan Chase wants to take the sustainable-investing trend to the next level. To do that, the biggest U.S. bank by assets has agreed to buy OpenInvest, a San Francisco-based start-up backed by Andreessen Horowitz and founded by former Bridgewater Associates employees, CNBC has learned exclusively. It’s the third acquisition
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Table of Contents Key Findings Thirteen states have notable tax changes taking effect July 1, 2021. Indiana has the lone corporate income tax rate change, with the rate decreasing from 5.25 to 4.9 percent. Montana will begin using a corporate income tax apportionment formula with a double-weighted sales factor. Idaho will offer a one-time individual
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In this article GBTC OBTC Chris Ratcliffe/Bloomberg via Getty Images As the Securities and Exchange Commission punts decisions on approving bitcoin exchange-traded funds, companies have created other options to meet the growing demand for cryptocurrency. One alternative, bitcoin trusts, holds the digital currency, making it easier for investors to add cryptocurrency to their portfolios. “You’re
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Matthew Walach recalls a colleague passing along a valuable lesson a dozen or so years ago, when he was pressured to dress in a suit for a video meeting with a big video game client in Vancouver. The client joined the call in a cowboy hat and immediately teased the employees in suits and ties.
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For Zoho Bigin customers, the journey through the past year was smoother. It’s been one year since Zoho, a global technology company, launched Bigin. Bigin is a pipeline centric CRM for small businesses. Within a year, 7,500 small business owners had become Zoho Bigin customers, in the Biginners Club. Here are some categories where Bigin
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