Key Findings Advances in technology have enabled workers to connect with customers via online platform applications for work ranging from ridesharing to home repair services. The rise of gig economy work has reduced barriers to self-employment, bringing tax challenges like tax complexity and taxpayer noncompliance. Workers who previously relied on employers for withholding of income
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Corporate America Has Prioritized Shareholders Over Workers For More Than Three Decades © 2016 Bloomberg Finance LP America’s largest corporations changed their tune in August. The Business Roundtable, an association of chief executive officers (CEOs) of some of America’s largest companies, including JPMorgan Chase, General Motors, Walmart and Johnson & Johnson, described in a statement
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Chargebee updates subscription management software, adds integrations Chargebee, which makes a subscription management platform, has released its Fall 2019 software updates. Subscription-based software is on the rapid rise, especially with preference amongst accountants and their clients moving from on-premise software to Cloud. The new updates from Chargebee include support for complex quote-to-cash workflows, and for
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The National Retail Federation is predicting a growth year for holiday sales for small businesses. Sales are expected to be somewhere between $727.9 billion and $730.7 billion. It’s not too early to start getting ready with your holiday hiring. Holiday Hiring Tips Here are 10 holiday hiring tips for small businesses so you’ll have the
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French toast; unsportsmanlike conduct; nailed; and other highlights of recent tax cases. New York: The U.S. has settled a civil injunction lawsuit against CPA Michael N. Schwartz to permanently enjoin him from organizing, promoting or selling abusive tax shelters. The shelters that Schwartz sold involved complex foreign currency transactions designed to generate artificial losses. Investors
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The United Kingdom ranks 25th in our recently released 2019 International Tax Competitiveness Index, a study that measures and compares how well OECD countries promote sustainable economic growth and investment through competitive and neutral tax systems. While the UK has improved its rank by one spot compared to last year, there are multiple measures that
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Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of
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Ahead of the upcoming legislative sessions, Pennsylvania and New Mexico are considering legislative action which would legalize the sale of adult recreational marijuana, joining 11 other states and the District of Columbia. Both Pennsylvania and New Mexico are considering excise tax models applied to the retail selling price. In Pennsylvania, Senators Daylin Leach (D) and
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WESTERVILLE, OHIO – OCTOBER 15: Former Vice President Joe Biden speaks as Sen. Bernie Sanders (I-VT) and Sen. Elizabeth Warren (D-MA) look on during the Democratic Presidential Debate at Otterbein University on October 15, 2019.(Photo by Win Getty Images In a new report, my Urban Institute colleagues have estimated that a full-blown Medicare for All
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Companies lack adequate anti-fraud staff and resources and are seen as more likely to fall prey to fraud than in the past, according to a new report. The report, released Thursday by the Association of Certified Fraud Examiners at a Fraud Risk Management Summit in New York, polled 886 ACFE members and found that 49
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The recently published 2019 International Tax Competitiveness Index (ITCI) measures and compares how well OECD countries promote sustainable economic growth and investment through competitive and neutral tax systems. This week, we examine how European OECD countries rank on individual taxes, continuing our series on the ITCI’s component rankings. The ITCI’s individual tax component scores OECD
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