Jerome Powell's first policy meeting as chairman of the Federal Reserve is likely to result in an interest-rate increase to 1.5% to 1.75%, market forecasters say. This week's meeting "could set the tone for the rest of this year and beyond, and investors will be wondering whether Mr. Powell sanctions a more aggressive stance than the markets currently expect," says Russ Mould of AJ Bell.
A company's use of non-GAAP measures can be difficult for audit committee members to evaluate. A Center for Audit Quality tool provides tips for audit committees to consider for non-GAAP measures as they perform their oversight duties.
Tackling large life goals can seem impossible until you break down progress needed into monthly, weekly and daily milestones. Reflecting on accomplishments during weekly and monthly check-ins can help you stay on track.
Blockchain could mean opportunities for your assurance practice. An AICPA white paper examines what your firm might be auditing in the future and looks at what the profession needs to consider to be blockchain-ready.
Online donations to projects and causes have become hugely popular, but the Internal Revenue Service has issued little guidance in this area. Here's a look at tax and information-reporting considerations and related issues for donors and those who set up online campaigns.
The EU has released a 10-page list of US products that could be targeted for retaliation if the EU is not exempted from tariffs on steel and aluminum. Products on the list include cranberries, orange juice and bourbon.
This podcast answers questions CPAs have about the effect of the new tax law on clients' federal and state taxes. Among other things, it addresses the impact of the $10,000 cap for state and local tax deductions and how states have responded. Check out the Tax Reform Resource Center for more news and resources to help you navigate tax reform.
Making mistakes with individual retirement accounts inherited by non-spouse beneficiaries can lead to large tax liabilities. For example, failing to title accounts properly or overlooking required minimum distributions can lead to severe financial consequences. Use ready-to-go articles and presentations in Broadridge Advisor (included with PFP/PFS Section membership) when talking with your clients about inheriting an IRA.
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