Scams to reach retirement accounts are becoming progressively more sophisticated.
Saving for retirement doesn't have to be stressful if you follow certain tactics, such as automating contributions to retirement accounts. Stop worrying about past mistakes, and talk out anxieties about the future with a trusted friend.
More baby boomers are reaching retirement age, and programs such as Social Security could feel the strain as the population gets older. Last year, the US had 25 people age 65 or older for every 100 working-age people, according to Census Bureau data.
In a little-noticed provision, the Tax Cuts and Jobs Act has changed how accrual-method taxpayers determine when to recognize income for federal tax purposes. Here's what practitioners need to know about the act's amendments to Sec. 451, which fundamentally alter the relationship between financial and tax accounting.
Artificial intelligence and automation have potential to reshape the economy, but it remains to be seen exactly what that means for workers. The US has lost middle-class jobs in areas such as manufacturing and data processing.
The volume of applications last week for mortgages in the US shot up at the fastest pace in five months, the Mortgage Bankers Association said. The surge came as the interest rate for 30-year "conforming" mortgages held steady and as interest charged on 30-year loans backed by the Federal Housing Administration declined slightly.
The Committee of Sponsoring Organizations' Enterprise Risk Management -- Integrated Framework recommends that an enterprise risk-management approach should supplant a siloed IT approach to address growing technology risks. "Risk professionals generally agree that fewer controls that target specific risks are preferable and more cost beneficial than implementing large catalogs of controls," CPA Joel Lanz writes.
Several areas can present difficulties as shipping and transport companies work to meet the Sarbanes-Oxley Act's requirements related to internal controls. These include reviewing the assurance reports on the internal controls of third-party service providers and testing plans for disaster recovery and business continuity.