The Gravy Train Is Slowing Down
In 1998 U.S. companies announced the layoff of 677,795 workers. The workforce reductions set a record thus far for the decade. The figure for December alone, which was double the November layoff number (51,642) and 77% larger than for December 1997 (58, 293), may give a bitter taste of things to come.
Note: all figures are based on announced layoffs
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Get your clients ready for tax seasonThese year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.
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