Financial decision-makers lowered their expectations for real growth in gross domestic product during the third quarter amid concerns over inflation and trouble finding skilled labor, according to the results of The CFO Survey, a collaboration of Duke University’s Fuqua School of Business and the Federal… Read More »CFOs See Higher Costs and Lack of Skilled Labor; Reduce Outlook for Growth
Minneapolis Fed chief says need to hike until inflation falls Get to policy that restraining economy and then be ‘patient’ Federal Reserve Bank of Minneapolis President Neel Kashkari said the US central bank is committed to restoring price stability and its current pace of interest-rate… Read More »Fed’s Kashkari Says Rate-Hike Pace ‘Appropriate’ to Cool Prices
Inconsistent lead times and shipping delays force companies to maintain inventory buffers. Efficient handling of working capital frees up cash that can be used to replace the forms of capital getting more expensive as interest rates climb. The Hackett Group’s Working Capital Survey, updated for… Read More »Supply Chain Pressures Keep Inventories High in Q2
The special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel away from home will be slightly higher starting Oct. 1, the IRS provided Monday in Notice 2022-44. Generally, in lieu of actual lodging, meal, and incidental expenses incurred, a… Read More »Crypto M&A Slows As Its Own Type Of Winter Sets In
When the United Nations (UN) first laid out principles for environmental, social, and corporate governance (ESG) investing in 2006, then-Secretary General Kofi Annan hailed the considerations as critical to underpinning “responsible investing” in the financial markets. Amid growing scrutiny from conservative lawmakers and accusations of greenwashing at some of… Read More »ESG funds are ‘definitely at a crossroads’: EY executive
An IRS Form W-9 verifies your taxpayer ID number, typically your Social Security Number, or for a company, your employer identification number. Before paying you, many companies will ask for this form so they can issue you an IRS Form 1099. If you want to… Read More »This IRS Tax Form Can Cost You 24%
Some investors are growing concerned the dollar’s meteoric rise is setting the stage for a rapid reversal, which would bruise those who have sought refuge in the U.S. currency in recent months. Soaring U.S. interest rates, a comparatively strong American economy, and demand for a… Read More »Analysis: A crowd of dollar bulls raises the risk of a violent pullback
The state has become the first in the U.S. to accept cryptocurrency for tax payments. Colorado has become the first state in the nation to accept cryptocurrency for tax payments. Governor Jared Polis made the announcement yesterday during a speech at Denver Startup Week. The website… Read More »Colorado now accepts crypto for taxes
KEY POINTS The UNC Tax Center used 2021 financials to predict the effect of the Inflation Reduction Act’s minimum corporate tax. The 15% minimum tax would impact around 78 companies, with Berkshire Hathaway and Amazon paying the most. President Joe Biden signed the tax into… Read More »The new minimum tax could hit Berkshire Hathaway and Amazon hardest, a study shows
Currency’s plunge sparks talk of emergency central bank action UK 10-year yield rises above 4% for the first time since 2010 The sell-off in UK assets went into overdrive on Monday, sending the pound to an all-time low, slamming government bonds, and sparking talk of… Read More »UK Market Selloff Slams Gilts, Pound, Piling Pressure on BOE