Interest rates decrease for the first quarter of 2025
The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning Jan. 1, 2025.
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.
Here is…
Treasury, IRS issue guidance for the advanced manufacturing production credit
WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to provide guidance for the advanced manufacturing production credit established by the Inflation Reduction Act (IRA).
The new…
Returning to the Office? The Remote Work Reckoning
The list of companies requiring their employees to return to the office at least a few days per week keeps growing, and it includes many well-known names. Some have been met with a strong response from their employees — and not an enthusiastic…
Jobs Report Shows Pay Increased by 6.5% Over Last Year
Private sector employment increased by 278,000 jobs in May and annual pay was up 6.5 percent year-over-year, according to the May ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford…
Families Expected to Spend Average of $864 on Back-to-School Supplies
As inflation continues to rise, one-third of consumers (38%) said they are cutting back in other spending areas to cover the cost of items for the upcoming school year, according to the annual survey released today by the National Retail…
Salaries Could Rise Average of 4.1% in 2023
Salary budgets for U.S. employees are projected to increase in 2023, mainly influenced by a labor market with more open jobs than people to fill them. Leading global advisory, broking and solutions company WTW’s Salary Budget Planning…
Housing Market Remains Competitive Despite Increase in Mortgage Rates
The housing market is as competitive as ever, according to the latest Zillow Real Estate Market Report. Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates.
Year-over-year…
Imports Set New Record at U.S. Ports
Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the…
U.S. Ports Seeing Brief Slowdown From Last Year But Imports Remain High
The nation’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months but could experience another surge this summer, according to the monthly Global Port Tracker report released by the…