Finance/Taxes
Finance/Taxes News, Articles, Blogs, Webinars, White Papers & Events. Human Resources Management featuring HR news on Finance/Taxes.
-
Lawmakers Drop Provision to Boost Mass Transit Tax Break
What was probably the last legislative vehicle during the current congressional session for federal lawmakers to retroactively restore a temporary boost in the maximum pretax monthly contribution employees can make to pay for mass transit expenses is now gone. Earlier this year, the Senate passed a
-
Group Health Insurance Premiums See Moderate Increase in 2012: Survey
The survey of more than 2,000 employers found that the premium for family coverage rose an average of 4 percent, increasing to $15,745 this year.
-
California Workers' Comp Reform Measure Signed Into Law
California Gov. Edmund G. Brown Jr. signed workers' compensation reform legislation into law Sept. 18, saying the law will reverse a four-year trend of rate increases.
-
Middle-Income Americans Wing It On Financial Decisions
About 67 percent of people with household annual income between $30,000 and $100,000 have made at least one 'really bad financial decision.' Those stumbles cost families an average $23,000.
-
The One Question I Would Ask Paul Ryan During the Debates
With this election cycle's debates on the horizon, I'll be providing the one question I would ask each of the two presidential and two vice presidential candidates.
-
SEC Names Insider Trading Suspect in Staffing Firm Deal
Ladislav 'Larry' Schvacho made approximately $511,000 in illicit profits using insider information, the Securities and Exchange Commission reported.
-
Senate Panel Approves Bill to Increase Mass Transit Contribution Tax Break
The provision is included in a broader bill, the Family and Business Tax Cut Certainty Act, approved Aug. 2 by the Senate panel on a 19-5 vote.
-
Temp Bill Rates May Be Back on Rise
The IQNdex's August reading of 105.9 is up 0.7 percent from July and up 1.2 percent from three months ago. The increases compare to the entire 12 months ended in May when the IQNdex rose by less than 1 percent.
-
401(k) Plan Balances Hit Record High for 2012: Fidelity
For the three month period ending Sept. 30, employees' average account balances jumped 4.2 percent from the prior quarter, and 18 percent compared with the end of the third quarter of 2011 when account balances averaged $64,300, according to Fidelity Investments.
-
Papa John's CEO Says Health Care Reform Law Will Increase Price of Pizza
In its most recent annual report, Papa John's International Inc. warned of higher costs due to the health care reform law.
-
Single Fiduciary Standard From SEC, DOL Would Create Multiple Problems, Says Consultancy
The financial industry and members of both parties of Congress have urged the agencies to combine their efforts and “harmonize” the controversial rule making in order to produce consistent guidance for investment firms.
-
401(k) Plan Contribution, Other Retirement Plan Limits Upped for 2013
The maximum contribution that can be made to 401(k) plans will increase next year, as will the maximum benefit that can be funded through defined benefit plans, the Internal Revenue Service announced Oct. 18.
-
Monster Plans Restructuring, China Sale
Monster announced the restructuring Nov. 8 as it also reported third-quarter results with third-quarter revenue of $221.7 million, down 10.8 from $248.6 million in the same quarter last year.
-
PBGC Deficit Hits Record $26 Billion
As was the case in the prior fiscal year, the Pension Benefit Guaranty Fund did not incur any multibillion-dollar losses in fiscal 2011.
-
Novartis Agrees to $99M Settlement in Sales Rep Wage Dispute
The $99 million settlement resolves the wage-and-hour claims brought in 2006, as well as additional wage-and-hour claims covering a more recent time period, according to the joint announcement by Novartis and Sanford Wittels.
-
PBGC Updates Estimate of Funding Relief for American Airlines
According to the Pension Benefit Guaranty Corp., American Airlines received specific funding relief in the Pension Protection Act of 2006 and an Iraq War spending bill in 2007 that allowed airlines to spread their unfunded liability in 2008 over 10 years instead of seven.
-
Several States' Residents Show Their Financial Savvy
The Employee Benefit Research Institute did a state-by-state analysis to see whether it was possible to pinpoint financially savvy states and ranked them in two categories: financial literacy and financial behavior.
-
Auto Enrollment Helps Push Record Defined Contribution Plan Participation
Among employees subject to automatic enrollment, 85.3 percent participated in the plan, about 18 percentage points higher than those not subject to automatic enrollment. Typically, employers only offer automatic enrollment to new employees.
