April 1, 2021

Day: April 1, 2021

Senate Finance introduces yet another tax plan, and experiences some turbulence

Yet another tax plan, this one proposed by senators, is straining but advancing.

The bill that would initially offset a big income tax cut with a variety of other taxes was voted out of Senate Finance narrowly, 9-8, on Tuesday evening.

Republican senators Patrick Martin and Eric Nelson voted against the bill. Senator Mike Maroney expressed deep reservations about it, prompting a call for a 15-minute recess that actually lasted for 40 minutes.

Mike Maroney

Maroney had a couple of intertwined concerns: how the tax bill would affect senior citizens and how the WVU Medical School would be affected financially

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Your Company’s Pay Gap Is About More Than Money

The authors offer a new methodology to help organizations diagnose gender inequities and point to next steps. Using this methodology, companies will be able to make evidence-based decisions about whether to invest their equity budget in, for example, anti-bias and inclusion training to remedy a culture problem or a comprehensive compensation audit to address pay discrimination. The analysis uses data in three stages — compensation, representation, and finally job satisfaction — to reveal hidden gender inequities. Similarly, the analysis could focus on racial equity instead of gender equity by examining differences between, say Black employees and white employees instead of

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Is it okay to have more than one personal loan?

Need another personal loan? Here’s what you need to know before applying. (iStock)

At best, personal loans can be a powerful financial tool. Many Americans use them to finance a major purchase or for debt consolidation. In fact, according to the latest quarterly industry insights report by TransUnion, 22.2 million people currently have at least one personal loan and the average personal loan is worth $6,690.

With numbers like those, it’s certainly not uncommon to have a personal loan. However, you may be wondering whether it’s a good idea to have more than one. To that end, we’ve

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Biden tax increases threaten small businesses, experts warn

Small business owners have taken a hit from the coronavirus pandemic, and now some experts are concerned that they may see their tax obligations rise as a result of proposals expected from President Biden.

“Any small business that is currently teetering on the precipice of closing their business is going to be highly sensitive to any proposed tax increase,” Chelsie Kugler, Vice President of Business Development at finance and accounting firm CFOshare, told FOX Business.

The president, who

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Biden signs bill extending small business loan program

President BidenJoe BidenThe Hill’s Morning Report – GOP pounces on Biden’s infrastructure plan Biden administration unveils network of community leaders to urge COVID-19 vaccinations Pompeo ‘regrets’ not making more progress with North Korea MORE on Tuesday signed legislation extending a loan program designed to help small businesses adversely impacted by the coronavirus pandemic.

The bill, passed in overwhelming bipartisan votes in the House and Senate earlier this month, extends the deadline for businesses to apply for assistance through the Paycheck Protection Program (PPP) by two months, from March 31 to May 31.

Biden cheered the bill as a “bipartisan

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Microsoft attack could result in a flood of cyber claims

US organizations are more likely to have been using the compromised Microsoft Exchange servers, as are larger businesses, the report found. Germany, Africa, the Middle East, and Australasia were also identified as high-risk regions. Many smaller companies weren’t affected by the attacks, as they opted to use cloud-based email systems, which weren’t targeted.

The attacks, which are believed to have been carried out by Chinese state-sponsored hackers, exploited vulnerabilities in Microsoft Exchange servers to allow malicious code to be placed on them. The code can be used for ransomware, espionage, or redirecting system resources to mine for cryptocurrency on behalf

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