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News
Private credit faces ‘real test’ as developers fail, investors flee
1+ hour, 54+ min ago (93+ words) AFR The nation’s $200 billion private credit sector is showing increasing signs of stress after some of its biggest firms limited redemptions on their portfolios, prompting the corporate regulator to warn that significant cracks were beginning to appear in the industry....
The Politics of Social Security Reform Now
4+ hour, 33+ min ago (65+ words) At a recent hearing of the Senate Finance Committee on “Exploring Process Approaches for Addressing Social Security Solvency,” Ranking Member Senator Wyden said the following in his opening statement: The Politics of Social Security Reform Now At a recent hearing…...
The credit card catch putting directors’ homes at risk
10+ hour, 38+ min ago (963+ words) For many directors, a business credit card is simply another way to manage routine expenses. It pays for software subscriptions, travel, stock and the unexpected bills that arrive before customers settle their invoices. Its familiarity can make it appear less…...
Free Crypto Tax Tools 2026: Where the Free Tier Ends
3+ hour, 44+ min ago (1005+ words) IRS Form 1099-DA gross proceeds reporting began for tax year 2025, requiring custodial exchanges to report gross proceeds on crypto sales. The first forms were issued to investors in early 2026 for 2025 transactions. That new reporting layer makes accurate record-keeping more critical…...
Michigan Dept. of Treasury provides update for thousands of Michiganders still waiting on 2026 tax refund
14+ hour, 59+ min ago (35+ words) WXYZ Channel 7 Michigan Dept. of Treasury provides update for thousands of Michiganders still waiting on 2026 tax refund...
Tennessee Agency Cooperates With IRS on Insurer Investigation
4+ hour, 33+ min ago (262+ words) Tennessee’s insurance regulator has dropped its objections and is cooperating with the IRS in the federal government’s investigation of an insurer involved in microcaptive transactions, recent court filings show. The Department of Justice dropped its petition seeking to enforce a…...
A taxpayer hit by CRA with late-filing penalties illustrates how multiple slip-ups can add up
7+ hour, 48+ min ago (397+ words) Multiple late tax returns can trigger steep CRA penalties and daily compounded interest To make things worse, the Canada Revenue Agency will add non-deductible arrears interest, compounded daily, charged at the current prescribed interest rate of seven per cent, to…...
Montclair Property Tax Calculator: See Your 2026 Increase and 2027 Payments
6+ hour, 53+ min ago (589+ words) Grab Our Guide to Montclair Schools Learn all about our magnet system, school qualities and more. This calculator is built from the official 2026 tax rates adopted by the Township of Montclair, Essex County, and the Montclair Board of Education, and…...
Amendments needed to clarify CGT impact on super death benefits
16+ hour, 21+ min ago (819+ words) It said the amendments are needed to ensure alignment with the Government’s policy to deliver new residential property Testamentary trusts – superannuation death benefits and integrity provisions. In its submission to Treasury on the draft legislation, the SMSFA said tax professionals…...
TransUnion Overhauls Credit Scoring System for UK Consumers
5+ hour, 50+ min ago (302+ words) TransUnion says it is modernizing the way it calculates U.K. consumers’ credit scores. The information, insights and credit reporting company on Wednesday (Aug. 26) introduced a new credit scoring system designed to help consumers better understand their credit score and their options…...