The Internal Revenue Service has released updated procedures for automatic accounting method changes, which are accounting method changes that can be made without IRS consent. The procedures apply to method changes filed on or after Nov. 8, 2019.
Chief of staff has become an influential title in politics and increasingly in the business world. But there is little uniformity to the role, because responsibilities and clout vary greatly from job to job.
Public companies controlled by billionaires have outperformed global market averages over the past 15 years, according to a report from UBS and PwC, which found that such companies' annualized gain was 17.8%, compared with 9.1% for the MSCI All Country World Index. These companies were also more profitable, according to the report, which notes that "billionaires have three distinct personality traits that benefit businesses -- smart risk taking, business focus, and determination."
Discussion of the Setting Every Community Up for Retirement Enhancement Act came to a halt on Thursday as senators lacked unanimous consent regarding proposed amendments. Sen. Patty Murray, D-Wash., raised objections to amending the SECURE Act with provisions including one that would permit 529 plan funds to pay for homeschooling.
In certain cases, married couples in which one or both spouses have outstanding student loans can save money on their loans by filing separate tax returns.
Three documents involved in estate planning can enable parents to better help their college-age children if a medical emergency occurs. The documents can authorize parents to make key decisions on their child's behalf in cases where the child is incapacitated and unable to make health care decisions.
- Page 1