Author: Editor

When my husband got the opportunity to transfer his job to Amsterdam, we were both in our early 30s, living in an apartment we owned in Brooklyn.I’d always considered New York City my dream place to live, but living in Amsterdam seemed like too great an adventure to pass up.So, in 2012, after 11 years in the city, we sold our apartment (our co-op didn’t allow renters), put most of our belongings in storage, and agreed to try Europe out for two years.After only a few weeks, I felt like we’d made the wrong choice.We stayed in Europe for longer…

Private sector employers cut 33,000 jobs in June, the first decline in over two years, while annual pay grew 4.4% year-over-year, payroll giant ADP reported Wednesday.The professional and business services sector, which includes accounting and tax preparation, lost 56,000 jobs in June, while the financial activities sector, which includes banking, dropped 14,000 jobs. Education and health services lost 52,000 jobs. However, there were gains in other sectors, such as leisure and hospitality, which added 32,000 jobs. Manufacturing gained 15,000 jobs, the construction industry added 9,000 jobs, and the natural resources and mining sector added 8,000 jobs. The overall goods-producing sector…

President Donald Trump is meeting with a faction of conservative lawmakers at the White House who have threatened to sink his signature tax legislation over its $3.4 trillion price tag as lawmakers cast doubt on whether it can pass by July 4.The president’s ambitious timeline to pass the bill is encountering considerable opposition as moderate and ultraconservative Republican lawmakers threaten to defy him and perhaps frustrate his domestic agenda. House lawmakers returned to Washington Wednesday to vote on the Senate version of the measure, which passed the upper chamber 51-50 on Tuesday with Vice President JD Vance’s tie-breaking vote.House leaders…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump worked to win over Republican critics on Wednesday, in a final push by the US president to get his flagship tax and spending bill through Congress by a self-imposed July 4 deadline.Trump’s schedule was cleared for the day, allowing him to meet privately with Republican rebels from the House of Representatives who have threatened to torpedo his “big, beautiful bill” at the eleventh hour.“THE ONE BIG BEAUTIFUL DEAL IS ALL ABOUT GROWTH,” Trump said in a post on…

The Internal Revenue Service should update tax returns to enhance security and fight fraud and ID theft, update the current list of Modernized e-File reject codes and explanations, and promote greater information sharing between the agency, states and industry partners, according to its own Electronic Tax Administration Advisory Committee.The IRS should also build on efforts to transition taxpayers to digital interactions, according to ETAAC’s latest annual report, which made 10 recommendations to the IRS and four to Congress.”Increasing digital transactions is one of the Internal Revenue Service’s key goals,” said new IRS Commissioner Billy Long in a statement. “I appreciate…

Sean Combs, shown here in Los Angeles in 2022, was acquitted of sex trafficking and racketeering conspiracy charges. He was convicted on lesser counts of transportation to engage in prostitution. Kevin Winter/Getty Images hide caption toggle caption Kevin Winter/Getty Images This report includes mentions of physical and sexual violence. A federal jury in Manhattan has found Sean Combs, the hip-hop mogul also known as Diddy or Puff Daddy, guilty on two counts of transportation to engage in prostitution. He was found not guilty of one count of racketeering conspiracy and two counts of sex trafficking. The jury deliberated for 13…

As the Trump administration’s One Big Beautiful Bill heads into the final stages of the legislative process, finance leaders are split in their assessment of the potential effects on their companies. Although the proposed legislation is designed to be favorable to business, 42% of respondents to a Grant Thornton Q2 survey said they expect the changes to be beneficial, while 33% believe the proposed tax changes will harm their businesses’ financial position. The survey was “in the field” during the early stages of House and Senate discussions on the tax bill provisions. More than 260 finance leaders from organizations with more…

North Carolina Gov. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. 1, 2026.Senate Bill 321, the Accounting Workforce Development Act, was backed by the North Carolina Association of CPAs. It allows CPA candidates to qualify for a license with a bachelor’s degree in accounting, two years of supervised experience and passing the CPA exam. “This bill strengthens our state’s accounting talent pipeline by rewarding experience and opening an additional pathway to licensure,” Stein said during the signing ceremony. “For more than two decades, candidates for CPA licensure had to earn a bachelor’s…

Tim Kuniskis, head of NAFTA Passenger Car Brands for Fiat Chrysler Automobiles NV, speaks during the reveal of the Fiat Chrysler 2018 Dodge Challenger SRT Demon sports vehicle ahead of the 2017 New York International Auto Show (NYIAS) in New York, U.S., on Tuesday, April 11, 2017. Mark Kauzlarich | Bloomberg | Getty ImagesNew Stellantis CEO Antonio Filosa, who took over the top job one week ago, has made his first major leadership move, promoting Tim Kuniskis to oversee all American brands and lead marketing and retail strategy in North America.Kuniskis remains CEO of Ram. He now has a broader…

The Wisconsin Supreme Court listens to arguments during a redistricting hearing at the state Capitol, Nov. 21, 2023, in Madison, Wis. The court decided Wednesday, July 2, 2025, that the state’s 176-year-old law does not ban abortion. Ruthie Hauge/AP/Pool The Capital Times hide caption toggle caption Ruthie Hauge/AP/Pool The Capital Times MILWAUKEE – Supporters of reproductive rights are celebrating a win in Wisconsin. After years of litigation over an 1849 law that conservatives argue criminalizes abortions in the state, the Wisconsin Supreme Court ruled that the law does not ban abortion. This means abortions can continue in the state. It…