IRS retracts guidance on back pay for furloughed employees
The IRS recently pulled back on its earlier statement regarding back pay for employees affected by the government shutdown. In a Thursday announcement, the agency indicated that it would offer more detailed information soon, explaining the situation related to furloughed workers. The IRS noted that prior communications about furloughs didn’t accurately reflect the stipulations of […]
A quarter of employees anticipate that their employers will offer financial advice
Many Americans are finding it increasingly difficult to make ends meet lately, largely because the dollar isn’t keeping pace as it used to. A report by PNC, a major financial services firm in the U.S., indicates that 68% of workers are experiencing financial stress, with 67% living paycheck to paycheck. While private sector salaries saw […]
Fifth Third pledges support to Comerica’s Farmington Hills center and raises pay for certain employees.
Fifth Third Bancorp’s Acquisition of Comerica and Its Impact on Employees If the deal wraps up by March 31, which seems likely, many workers at Fifth Third could see their minimum wage bumped up to $21 an hour. Fifth Third currently employs 2,350 people in Michigan, with 438 based in Metro Detroit. In the midst […]
IRS sends 34,000 employees home as nationwide government shutdown persists
Senate Fails Again to End Government Shutdown As the government shutdown continues into its second week, a significant portion of the IRS workforce, around 34,000 employees, is facing furloughs. The agency is now implementing contingency plans to maintain essential operations, particularly around tax enforcement and data security, even without new funding from Congress. A letter […]
IRS to temporarily lay off almost half of its employees due to government shutdown
IRS to Furlough Nearly Half of Its Workforce Amid Ongoing Shutdown WASHINGTON — Nearly half of IRS employees are set to be furloughed on Wednesday due to the continuing government shutdown, as indicated by a revised contingency plan recently posted on the agency’s website. Most IRS operations will be suspended, according to a separate communication […]
New York initiates retirement savings program for employees.
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How changes to the capital gains tax in Trump’s new bill could benefit business founders and early employees
Tax Changes and Opportunities for Startups When discussing the tax savings initiative from Main Street managers, it’s clear that, compared to the sweeping reforms under the 2017 Tax Cuts and Jobs Act, many elements of President Trump’s “One Big Beautiful Bill Act” seem only moderately progressive. “The corporate tax rate is still set at 21%,” […]
Memo states that furloughed employees are not assured of receiving back pay.
Draft memos from the Office of Management and Budget (OMB) suggest that government employees may not be entitled to backpay for holidays missed during shutdowns. According to a memo reported by Axios, the issue ties back to an interpretation of a 2019 law aimed at fair treatment for government workers, which was signed by President […]
CBS News employees discuss Bari Weiss’s new role as editor in chief
Speculation Surrounds Bari Weiss’ New Role at CBS News There’s been quite a bit of chatter among CBS News staff regarding the potential appointment of Bari Weiss as the network’s new editor-in-chief. “Everyone’s sharing articles and kind of waiting to see how this might change things, or if it will at all,” noted one staff […]
City Employees in Chicago Suburb Prevent DHS Sec. Noem from Using the Restroom
Chicago politics reached a new level of tension recently when staff at a suburban government building denied entry to Department of Homeland Security (DHS) Secretary Christy Noem and her team. This refusal was highlighted in a video posted by Noem on X. “My team and I were prevented from accessing the village of Broadview Municipal […]