Sometimes an investment is too good to be true. As Elizabeth Holmes, founder and former CEO of Theranos, goes on trial on allegations of defrauding investors and patients, her health-care start-up may be a prime example. Nearly a decade ago, investors, including media mogul Rupert Murdoch, former Education Secretary Betsy DeVos and the Walton family
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In this article YUM CMG MCD To mandate, or not to mandate? That’s the question facing down restaurant owners and operators during one of the most challenging hiring environments in decades. The Food and Drug Administration approved Pfizer and BioNTech’s Covid-19 vaccine on Monday, opening the door for workplaces to opt to require workers to
MoMo Productions | Getty Images More than a year into the Covid-19 pandemic, many American employees who have been working from home are itching to get moving again. But that doesn’t necessarily mean returning to the office. For many, it means finding new jobs. A survey released by Bankrate.com this week found that 55% of
Deciding if and when to expand a business isn’t an easy task. When partners disagree, it also adds some tension into the mix, especially if they are married. For Chris and Emily Elias, it was a debate over whether to broaden their existing mobile dog-grooming business, Massapequa, New York-based The Ruff Life, into other cities
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a
Former Democratic Senator Heidi Heitkamp, one of the party’s leading voices on tax policy, said President Joe Biden’s proposal to tax appreciated assets upon death would hurt family farms and family-owned businesses. “I’m trying to sound the alarm, both economically and politically, for Democrats that this is not a path to walk,” she said in
Michael Lee | Moment | Getty Images There were fewer small businesses open and hourly employees working in August relative to July, indicating that the Covid-19 delta variant may be dampening the U.S. economic recovery, according to data from Homebase, which supplies employee scheduling software to employers. The number of employees working dropped 4% in
Zach Gibson | Getty Images News | Getty Images The Covid-19 pandemic caused a backlog of nearly 8 million paper-filed business tax returns at the IRS in 2020, according to a report issued Tuesday by a U.S. Treasury Department watchdog. That represents a 3,230% increase relative to the end of 2019, when the IRS had
Phil Roeder Congressional Democrats are considering reforms to the 20% pass-through tax deduction as part of a $3.5 trillion federal spending package. Democrats’ proposal would phase out the tax break for business owners with taxable income exceeding $400,000, according to a discussion list obtained by CNBC. It would also make the tax cut available to
When Tina McGonagill wanted to expand her food container business, she took on an investor she met at a trade show. For $50,000, she gave Trent Lowenstein a 20% stake in Big Fat Lunch. Yet before she spent the money, the two were at odds over the best strategy to increase profits. McGonagill wanted to
The Federal Reserve Bank of New York released some fascinating statistics on how workers view their economic standing. The NY Fed’s Labor Market Survey finds people looking for work are more confident they will get a job offer in the next four months than they were a year ago. Reservation Wages—A Revealing Human Attitude More good
The Social Security OASI Trust Fund for retirement benefits is projected to be exhausted by 2033, according to the summary of the Annual Social Security and Medicare Trustees Report that was released in August 2021. That’s one year earlier than what was projected in the 2020 trustees report. Does this mean that in 2033, retirees will receive nothing from
State and local government pensions assure workers and retirees that they enjoy the same protections as the comprehensive federal law, ERISA provides to corporate participants. That’s simply not true. Don’t count on state law to protect your retirement security. It has been said that the Law is a blunt instrument, incapable of dealing with all
Public pensions facing growing public scrutiny and criticism over mismanagement of investments are increasingly resorting to “pension theatre.” Fully two and a half months after my firm, Benchmark Financial Services released a report commissioned by the Ohio Retired Teachers Association entitled “The High Cost of Secrecy: Preliminary Findings of Forensic Investigation of the State Teachers
By Kerri Fivecoat-Campbell, Next Avenue I still get excited seeing the quaint red envelope with a DVD in my mailbox. That’s because I live in a rural Ozark Mountains home in Arkansas and can’t get internet access to stream films or TV shows. I can barely load social media pages on my computer. I’m hardly alone.
By Nancy Collamer, Next Avenue As someone who frequently writes about careers, I’m all for networking. But even I get frustrated by the number of otherwise competent professionals who ask for my advice by requesting a networking meeting the wrong way. You know, those vague “Can I pick your brain” emails? That’s unfortunate, because when
With the pandemic still upon us, are you thinking about your retirement savings? Let me tell you why you should. Time is a wasting asset. And, there is no time like now (National 401(k) Day) to take action. National 401(k) Day, which originated with the Plan Sponsor Council of America, reminds us to do
Bitcoin and other cryptocurrencies dropped steeply on September 7 despite the feel-good news that El Salvador has made bitcoin legal tender along with U.S. dollars. In fact, the crypto flash crash wiped out $400 billion in market value. Bitcoin itself dipped about 10% to less than $44,000 but recouped some of that by day’s end.
Federal unemployment benefits ended this month for millions of Americans and data show that workers in Virginia might feel it the most. The federal government’s enhanced unemployment benefit added $300 to weekly unemployment checks issued by states and also expanded coverage to the self-employed and freelancers, such as rideshare drivers and musicians. That expansion, called
Congress is heading into a heated debate about how much taxes should be raised to finance President Biden’s Build Back Better agenda. While pragmatic Democrats may not agree with every proposal being considered, there is one that the whole party should unite behind: closing the step-up basis loophole. When investors sell an asset, such as