Month: November 2021

MoMo Productions | Stone | Getty Images Amid the “Great Resignation” and ongoing pandemic, millions of Americans are quitting their jobs to become their own bosses. In October, there were about 9.44 million unincorporated self-employed individuals in the U.S., according to data from the U.S. Bureau of Labor Statistics. Since April 2020, the number of
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The Federal Accounting Standards Advisory Board released an interpretation of the accounting rules around reporting debt cancellation for the federal government. Interpretation 11, Debt Cancellation: An Interpretation of SFFAS 7, Paragraph 313 points out that according to Statement of Federal Financial Accounting Concepts (SFFAC) 2, Entity and Display, paragraph 100 says a nonexchange activity is
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Email signatures are a crucial part of a business email and have a lot of importance. The presence of an email signature can tell a recipient who you are, what you do, and the best ways to get in touch with you. A well-crafted, relevant email signature can have a lot of benefits for your
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Our colleague Colter Paulson at Squire Patton Boggs’ Sixth Circuit Appellate Blog provides an update on the status of the lawsuits challenging OSHA’s Emergency Temporary Standard on COVID-19 vaccination and testing. Employers across the United States are wondering whether they need to comply with OSHA’s original, rapidly-approaching December 6th and January 4th deadlines.  And while
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The California Legislature increased the complexity of employment law in the Golden State by enacting several employment laws that will soon take effect.  Below we summarize key aspects of the more significant new legislation. Intentional Failure to Pay Wages May Constitute the Felony of “Grand Theft” (Assembly Bill 1003) Under current law, employers who wrongfully
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This year, you may want to give back during the holiday season. While you can always donate money to charities year-round, this holiday season you might try donating your stocks instead. By doing your research on donating your stocks to a charity, you can potentially reduce your bill come tax time. The benefits of donating
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Executive Summary Overview Tax reform has been on Kentucky lawmakers’ minds for years, and while significant progress has been made recently, substantial work remains to be done. In 2018, the General Assembly made important strides in creating a more neutral, pro-growth tax structure even while generating a net increase in revenue. With its reduction in
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CNBC’s Jim Cramer said he doesn’t feel comfortable buying into Monday’s early stock market bounce, following Friday’s omicron-driven plunge, because the selling could resume in the event of future negative news about the highly mutated Covid variant. The Dow Jones Industrial Average — which had been up nearly 400 points, or more than 1%, shortly
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On November 5, 2021, the federal Centers for Medicare and Medicare Services (CMS) issued an emergency regulation requiring that many types of health care facilities and providers that receive Medicare or Medicaid funds ensure that their staff, contractors, and volunteers receive at least their first COVID-19 vaccine dose by December 6, 2021 and be fully
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Marcum LLP, a Top 20 Firm based in New York, released its 2021 Year-End Tax Guide on Monday, providing a wide range of tax-planning strategies and considerations for next year. The 71-page report contains over two dozen articles and reference tables spotlighting recent changes in tax laws and the potential effects of pending legislation. “In
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Following its November 8, 2021 move to remove and replace all regional COVID-19 Travel bans with a blanket vaccination requirement, the Biden administration announced a new COVID-19 travel ban on those seeking to enter the U.S. from various African nations.  The new Proclamation bars most non-U.S. citizens who have been physically present in the following
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Holiday shopping for young children can be tricky — especially when you’re shopping for newborns or toddlers who seem to outgrow everything so quickly! If you’re looking for a unique gift that will benefit a child (and their parents) for many years to come, you might consider investing in their future by gifting them a
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Small business owners, it’s time to expand your holiday shopping list. You’re not restricted to just buying gifts for your loved ones this year — it’s likely your business could benefit from some end-of-year purchases as well! Timing is everything when it comes to making purchases for your small business and saving on business taxes.
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