Financial services
Paychex, a leading provider of human capital management solutions, has announced a partnership with SoFi at Work to expand its financial well-being offerings. Through this collaboration, Paychex Flex Perks users will gain access to SoFi's personal finance tools, addressing the critical need for financial independence among today'
Financial services
MissionSquare, a US-based financial services company, has joined forces with Income America, LLC to launch the MSQ Income America 5ForLife Balanced Fund, an in-plan income solution designed to provide participants with guaranteed lifetime income starting at age 65. This collaboration aims to address the growing interest in retirement income solutions,
Financial services
As part of its overall business expansion plans, Generations Retirement Group, a financial advisory firm dedicated to simplifying retirement planning, has announced the hire of Matt DiRuggiero as an Investment Adviser Representative and licensed insurance professional. Matt brings over 8 years of experience in the financial services industry, a strong
Financial services
Spiegelman Wealth Management, a family-run business, has officially launched as an independent SEC-registered investment advisor (RIA) based in the East Bay. The firm, led by Adam Spiegelman, a veteran wealth advisor with over 75 years of combined experience in financial planning and wealth management, will serve high-net-worth individuals, families, and
Tax law
The rent-a-room scheme is a government initiative that permits homeowners to earn tax-free income by having a lodger rent a room in their property. Introduced in 1992, the scheme aims to incentivize the efficient use of residential space and increase the supply of affordable housing. Since the pandemic, there has
Income tax
As tax filing season for FY 2024-25 begins, salaried employees must navigate a labyrinth of documents and deadlines. However, one document stands out - Form 16. It's not just a tax certificate but a complete record of income, deductions, and tax payments. For most salaried individuals, Form 16
Tax law
The Ministry of Finance is proposing a draft decree to amend Decree No. 126/2020/NA on Tax Management, with a focus on tightening personal income tax (PIT) on dividends and bonus shares paid in securities rather than cash. According to the ministry, between 2016 and 2024, individual investors received
Income tax
Salaried individuals have surpassed exporters and retailers in contributing to the national tax collection for direct taxes, as per a recent news report. The Federal Board of Revenue (FBR) collected a record Rs545 billion in income tax from salaried individuals in FY2024-25, exceeding the combined tax collected from exporters and
Income tax
Starting July 1, 2025, middle-class Canadians will see a 15% reduction in their marginal personal income tax rate, with maximum tax savings of $420 per person and $840 per couple in 2026. This measure will result in Canadians saving over $27 billion over five years, starting in 2025-26. The reduction
Tax law
Northwestern Mutual, a leading financial services company, is enhancing its suite of insurance products with the introduction of the Survivorship Variable Universal Life Plus (SVUL Plus) policy. This innovative solution is designed to assist couples, families, and business owners in planning for their unique financial goals and minimizing the estate
Tax law
As part of Budget 2025, the government of Alberta has announced a new eight percent tax bracket, applicable to income up to $60,000, down from the previous rate of 10 percent. This tax cut is expected to bring significant relief to taxpayers, with individual savings of up to $750
Income tax
The Government of Vietnam has officially announced that e-commerce platforms will begin withholding and paying value-added tax (VAT) and personal income tax (PIT) on behalf of individual sellers starting July 1, as per Decree No. 117/2025/ND-CP. This move aims to enhance the efficiency of tax collection from the
