Defense stocks, spurred by an arms deal with Saudi Arabia, led a rally in early trading today. At 10 a.m. Eastern, the Dow Jones industrial average was up 95 points, the Nasdaq composite was up 30 points and the Standard & Poor's 500 index was up 10 points.
Leadership and career books such as Eric Barker's recent book "Barking Up The Wrong Tree" can help you cut through the weeds and figure out what's applicable for you, "but don't expect all the answers to be magically delivered," writes James daSilva. Barker's book focuses on being smarter about success, including what that means in this context.
A survey by the Federal Reserve found that 28% of adults who are still in the workforce have no pension and absolutely no savings set aside for retirement. However, that figure is a slight improvement from 2015, and more Americans reported they were "living comfortably" or "doing okay" as compared to the last time the survey was held.
Sec. 743(b) requires a partnership for which a Sec. 754 election is in effect to adjust the basis of partnership property in the case of a sale or exchange of a partnership interest to eliminate the difference between inside basis and outside basis. This calculation become more complicated when multitier partnerships are involved.
Is your firm truly a firm, or simply an affiliation of individualized CPAs? A siloed CPA firm can face serious challenges because the actions of one silo can put the entire firm at risk.
Revenue from state personal income taxes declined an average of 6.6% in April on a year-over-year basis, according to an analysis by Reuters. High-earning individuals could be deferring income based on their expectation that there may be tax cuts at the federal level, analysts said.
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