One striking issue in the labor market is the loss of men and women with a bachelor’s degree or more and a child under 5.
Incredible surge in daycare costs are disrupting work & prompting men and women to leave the workforce entirely.
3 true things that are hard to keep in your head, but not THAT HARD.
1. Voters hate inflation, and there's been a global incumbency backlash to prove it, which played a huge role in Trump's big victory
2. The U.S. economy out-performed the developed world in growth,…
Have filing instructions ever applied to a smaller number of people? District of Columbia's D-40: "You do not need to file a 2023 DC Individual Income tax return if...You were a justice of the US Supreme Court and were not domiciled in DC during any part of 2023" #TaxTwitter
The COVID-19 Economic Injury Disaster Loan program is not accepting new applications, increase requests, or reconsiderations. The COVID-19 EIDL portal, also known as the "RAPID portal” will close on Monday, May 16. Learn more: sba.gov/eidl
If you have an unprocessed 2020 return, that AGI is needed in order to e-file your 2021 return. NTA suggests entering zero for AGI so there are no rejection or e-file submission issues on the 2021 return.
There are *zero* Republicans on the Senate floor right now as @SenBooker speaks at length about race and elections, responding to Sen. Scott, who has left.
There are a few dozen Democrats listening.
This tax season is the time to look at every business with payroll to consider ERC eligibility.
Here is a rough workpaper to help you filter:
dropbox.com/s/4o4dr1infd4c…
Today at 3pm ET: Tune in to our office hours and learn how to apply for a COVID Economic Injury Disaster Loan or an increase. Get your questions answered by SBA reps.
Watch via Microsoft Teams: ow.ly/vPHN50GIsPU
Learn more about COVID EIDL: sba.gov/eidl
2022 Open Enrollment season is coming up and unless Congress passes an extender, dependent care benefits return to the $5,000 cap established in 1986. #taxtwitter
Supply chain disruption hits readers (& accountants): "Disruptions at paper mills...have resulted in paper shortages for many publishers... this disruption means we’ll be unable to print and deliver the Journal of Accountancy’s November issue to all AICPA members." #TaxTwitter
Oh dear.
Non-farm payrolls in September rose by only +194k, after +366k last month.
The recovery has stalled.
We're missing about 8 million jobs, and at this rate, we're not bringing them back any time soon.
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