The Internal Revenue Service is giving employers more leeway in claiming the Work Opportunity Tax Credit to hire people in areas who face significant obstacles to employment for jobs in summer youth and community programs.
The COVID-19 pandemic has underscored to finance leaders the need to have structures that can withstand shocks to help their teams and their business thrive.
The Hartford Financial Services Group Inc. said Wednesday it’s delaying a planned Oct. 4 return-to-office, citing the spread of the COVID-19 delta variant.
Post-pandemic operations at Stanley Black & Decker will look a lot different from pre-COVID times, both figuratively and literally.
Under the new CPA Evolution licensure model, the CPA Exam will feature a Core and Discipline structure. Over the last several months, the AICPA’s Examinations Team engaged CPA subject matter experts in discussions about potential CPA Exam content that reflects the changing role of newly licensed CPAs. Their insights helped the development of preliminary content for inclusion in each of the Core and Discipline sections. Now it’s time to hear from you. The AICPA invites you to review the draft Core and Discipline section content and share your feedback by September 7 via this survey. The survey will take about 20-25 minutes to complete and will provide the AICPA with vital feedback to developing the new CPA Exam.
The IRS and the Treasury guidance in Notice 2021-49 deals with how various issues apply to the employee retention credit in both 2020 and 2021, amplifying earlier guidance offered earlier this year in Notice 2021-20 and Notice 2021-23. The new notice explains changes made by the American Rescue Plan Act of 2021 to the employee retention credit that are applicable to the third and fourth quarters of 2021.
The IRS issued Notice 2021-49 on August 4th which states that the Employee Retention Credit (ERC), made available for businesses suffering from the COVID-19 crisis, will not be available with respect to wages paid to a majority owner, or such owner’s spouse, if the majority owner has a brother or sister (whether by whole or half-blood), ancestor, or lineal descendant.
As claims administrator, Aflac will accept applications, determine eligibility, and administer benefits for paid leave. Individuals will have flexible options to submit applications for paid leave, either online, by email, or by calling directly into a customer care advocate.
The Small Business Administration (SBA) issued new guidance yesterday designed to accelerate the end of the Paycheck Protection Program (PPP) by streamlining the process for millions of small businesses and nonprofit employers to have their emergency payroll loans forgiven.
Drawn in by an ad for SAP consultants that read, “Astronauts wanted,” Melanie Kanaka left her comfortable job in accounting at a major conglomerate in Sri Lanka — and almost immediately began questioning the decision.
Connecticut's state Bonding Commission could vote tomorrow on whether to direct $20 million in bond funding to the Manufacturing Innovation Fund, which underwrites key manufacturing industry programs.
Senate Finance Committee chairman Ron Wyden, D-Oregon, introduced legislation Tuesday to streamline the section 199A deduction for qualified business income for pass-through entities, allowing accountants, lawyers, doctors and others to qualify, but phasing out above $400,000.
CFOs have reasons to be positive, but they also have several reasons to be concerned. Ways of working are changing, with employees seeking to continue the flexible arrangements that became the norm during the COVID-19 pandemic. Steve Gallucci, national managing partner for Deloitte’s U.S. CFO Program, shares insights into the minds of CFOs in the latest episode of the Journal of Accountancy podcast.
Connecticut employers who have laid off staff will have to give preference to those same workers when jobs become available again and recall them in order of seniority, according to legislation signed into law by Gov. Ned Lamont this week.
Job seekers will have plenty of options in the coming months, research from talent solutions firm Robert Half shows. According to the "State of U.S. Hiring" survey of more than 2,800 senior managers, 51% of respondents anticipate adding new permanent positions in the second half of 2021, and another 48% plan to fill vacated positions or bring back furloughed employees.
No one was prepared for the devastating impacts of the COVID-19 pandemic. Thankfully, the U.S. government acted to provide businesses and individual workers with a much-needed lifeline. Economic stimulus programs such as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Heroes Act, the American Rescue Plan Act, along with other actions and programs, kept many businesses afloat and provided household income to furloughed and terminated employees.
Meet Alan Skelton, Director of Research and Technical Activities for the Governmental Accounting Standards Board and Hillary Salo, Director of Technical Activities and Chair of the Emerging Issues Task Force for the Financial Accounting Standards Board.
As vaccination rates creep up across the country, businesses are working to figure out a new normal. One of the biggest questions many leaders are facing is how much flexibility they’ll give employees to continue working from home.
When it comes to health plan cost calculations for firms over the next year, consider these four major coronavirus-related factors.
If the stresses of the pandemic have you looking for a new job, consider these fixes before turning in your notice.