Social Security Administration Announces 2023 Wage Base and Cost of Living Adjustment

Recently, the Social Security Administration (SSA) published their annual release detailing changes to the Social Security wage base and the cost-of-living adjustment (COLA) for Social Security and Supplemental Security Income (SSI) benefits. Click here to read the SSA release in full. In a helpful article published by the Journal of Accountancy, Martha Waggoner details the […]

IRS May Extend The Transition Period For Compliance Regarding Research Credit Refund Claims

This article explains that in 2021 the IRS announced that “refund claims for section 41 research credits must include detailed information in five specific areas, with claims failing to meet these requirements deemed invalid. The IRS provided a one-year transition period during which examiners could correspond with taxpayers on the required information and give them […]

Here is What To Watch For as the Feds Get Tougher on Inflation

This article explains how the FED is “deadly serious about reducing inflation” and does not wish to stop until inflation is at 2%. Lower inflation rates seem appealing, however, lowering inflation rates will increase interest rates. Fed Chair Jerome Powell explains “these steady increases will almost certainly mean higher unemployment and weaker economic growth until […]

Screening Online Candidates

This article explains that companies often get unqualified candidates after posting an opening for a job. An Indeed survey found that out of 1,000 small business owners, “58% have one to four open roles and 77% are struggling to find the right person to fill that position. It also found that job posting on Indeed […]

How Can Your Small Business Qualify for Available Grants

This article explains different opportunities for small businesses to receive a grant to help their business grow. In Nebraska, financial technology services provider Fiserv is offering grants of $10,000 to diverse small businesses. The state of Connecticut is providing $30 million in grants to hospitality businesses, and to qualify, businesses in this sector must have […]