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June 2022 News

DOL Overtime Rule Expected in Fall

The Department of Labor (DOL) is expected to issue a new rule on overtime pay exemptions this fall that is likely to expand the pool of American workers eligible for overtime pay. The overtime rule sets a salary threshold used to determine which employees are eligible to receive overtime pay Read more

June 23, 2022|

U.S. Travel Forecast Projects Short-Term Surge

Despite rising inflation, domestic leisure and business travel is projected to surge in the short term due to pent-up demand and consumer savings, according to U.S. Travel Association’s biannual forecast for travel through 2026. U.S. Travel estimates that $1.05 trillion will be spent on travel in the U.S. in 2022, Read more

June 23, 2022|

ASAE Joins ECA in Supporting Role of Business Events

ASAE is participating in a week-long legislative action program this week organized by the Exhibitions & Conferences Alliance (ECA) to educate Congress on the vital role that face-to-face meetings and conferences play in expanding economies and helping communities in the U.S. recover from the devasting economic and employment impacts of Read more

June 23, 2022|

Charitable Giving Remained Strong in 2021, Report Says

Charitable giving in the U.S. reached a record $485 billion in 2021, though giving is not keeping pace with inflation, according to a report released this week by Giving USA. The Giving USA report says donations in 2021 were 4 percent higher than in 2020, but down 0.7 percent when Read more

June 23, 2022|

Senate Finance Advances Retirement Package

The Senate Finance Committee advanced bipartisan retirement legislation this week, leaving lawmakers optimistic about getting a final bill through Congress this year. Senate Finance passed the Enhancing American Retirement Now (EARN) Act by a 28-0 vote. The EARN Act builds on the SECURE Act of 2019 by incentivizing more small Read more

June 23, 2022|

IRS Issues Five-Year Strategic Plan

The IRS recently released a new five-year strategic plan that outlines its goals to improve taxpayer service and tax administration. The strategic plan will serve as a roadmap for the agency’s operations as it works to achieve its revenue collection and enforcement priorities. “Through the strategic plan, we want to share our Read more

June 22, 2022|

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