By Daniel Hood Published September 25 2017, 1:58pm EDT The common wisdom these days is that every business is a technology business, but it might be more true to say that every business is a business that wrestles with technology — trying to make the most of the opportunities it offers while minimizing the disruption… Read More
OCT 20, 2017 @ 08:55 AM Robert W wood With Uber, Lyft, and many other companies that provide many different services and products, the norm these days seems to be independent contractors. The companies avoid the huge taxes, expenses, and liabilities of having employees. The workers get the freedom to work on their own, managing… Read More
By Jeffrey Pretsfelder Published October 20 2017, 6:41pm EDT The IRS has released on its website a number of draft tax forms and instructions for the 2017 tax year, including Form 1040 and its related schedules. This article highlights key changes made on the 2017 return, specifically to the draft Form 1040 itself. Form 1040—Items… Read More
By Mara Lemos-Stein Jan 12, 2017 7:59 am ET The Financial Reporting Council wants more power now that U.K. companies have made strides in disclosing the material risks and uncertainties they face. After the first full year of reporting on long-term viability, the U.K. quasi government regulator for corporate governance and reporting, said compliance with the… Read More
Paul Davidson, USA TODAY Published 6:00 a.m. ET Oct. 17, 2017 | Updated 2:11 p.m. ET Oct. 17, 2017.3 Despite images of retirees lounging on Florida beaches and playing on Arizona golf courses, many middle-aged and older Americans plan to stay right where they are when they hit their golden years. Forty-three percent of 45- to… Read More
The Internal Revenue Service, working in partnership with state tax authorities and the tax preparation industry as part of their Security Summit initiative, reported significant progress Tuesday in the battle against tax-related identity theft, with new steps planned for next tax season. Last year, the IRS stopped 883,000 confirmed identity theft returns, a 37 percent… Read More
By Sally P. Schreiber, J.D. October 16, 2017 On Friday, the IRS updated its page on health care reporting requirements to inform taxpayers and tax practitioners that it will not accept electronically filed 2017 individual income tax returns unless taxpayers indicate that they and everyone on their return had health care coverage, qualified for an exemption from… Read More
By Sally P. Schreiber, J.D. October 13, 2017 The Social Security Administration (SSA) announced on Friday that the maximum amount of wages in 2018 subject to the 6.2% Social Security tax (old age, survivor, and disability insurance) will rise from $127,200 to $128,700, an increase of a little more than 1%. By comparison, the 2017… Read More
Time to loosen the reins, say America’s banks. Not so fast, say regulators “LEFT TO OUR own devices,” said Lloyd Blankfein, boss of Goldman Sachs, in February, “we wouldn’t hold as much capital as we are holding.” He is not alone. “It is clear that the banks have too much capital,” wrote Jamie Dimon of… Read More
Like most worthwhile career ventures, the answer lies in due diligence and conversations with people already in the business. Rick Bisio As a franchise coach, I get a lot of questions from people who want to become business owners. Understandably, the biggest question on the minds of prospective franchisees is, “Will I make money?” It’s worth developing… Read More