Fair Game By GRETCHEN MORGENSON AUG. 4, 2017 Investors liked what they saw in PayPal’s second-quarter financial results, reported by the digital and mobile payments giant on July 26. Revenues grew to $3.14 billion in the quarter that ended in June, an increase of 18 percent over the same period last year. Total payment volume of $106… Read More
Drastically lower rates for businesses. Fewer income tax rates for individuals. A much larger standard deduction and child tax credit. A repeal of the estate tax. CNN obtained a copy Wednesday of a Republican framework for tax reform that has been in the works for months and will finally be presented Wednesday. The blueprint, which… Read More
by Matt McFarland @mattmcfarland Almost 100 years ago, the U.S. horse population peaked at about 26 million. There’s been, of course, a steady decline since then, thanks to the growth of machines — most notably, cars. Today, a debate rages over workers and whether we too may become obsolete as society becomes automated. The fear of robots… Read More
Keep your iPhone running longer on a single charge with these battery-saving tips. BY MATT ELLIOTT SEPTEMBER 22, 2017 8:37 AM PDT Hooray, a new iOS update is here! Oh no, my old iPhone is ripping through battery life at an alarming rate! Updating to a new version of iOS can be a rollercoaster of emotions (and that’s if it updates… Read More
KPMG and South Africa Earlier this summer, Ukraine gave PwC the bootover some bad auditing. It was a humiliating moment but by no means a major blow to the firm as the inability to conduct business in Ukraine will not severely hamper PwC’s business. KPMG is facing similar threats of expulsion from South Africa, thanks to… Read More
By Alanna Petroff @AlannaPetroff Slack has secured significant new investment money that’s boosted its valuation to $5.1 billion. The workplace instant-messaging service confirmed Monday it raised $250 million from Japanese firm SoftBank. This is SoftBank’s first investment in Slack. The $250 million also includes funds from other companies, including Silicon Valley-based venture capital firm Accel. Slack’s previous valuation was… Read More
By Sally P. Schreiber, J.D. In an effort to reduce identity theft, the IRS issued proposed regulations that would permit employers to use truncated taxpayer identification numbers (TTINs) on Forms W-2, Wage and Tax Statement, issued to employees (REG-105004-16). Permissible TTINs are Social Security numbers (SSNs) with the first five digits of the nine-digit number replaced… Read More
August 9, 2017 Repost from Forbes.com Kelly Phillips The Internal Revenue Service (IRS) has officially introduced the new Chief of the Criminal Investigation division. John D. (Don) Fort was appointed in June 2017 after former Chief Richard Weber announced his departure. This week, however, marked Fort’s first formal introduction to the media. Fort is tasked… Read More
August 10, 2017 Small businesses require close tracking of expenses and cash flow. It’s important for business owners to ensure their finances are handled, which includes recording transactions and assessing or processing data. While this may seem easy enough to do independently, it can be more difficult and time-consuming than you realize. There are two… Read More
IRS Introduces New Crime Boss August 9, 2017 Repost from Forbes.com Kelly Phillips Don Fort, IRS-CI Chief The Internal Revenue Service (IRS) has officially introduced the new Chief of the Criminal Investigation division. John D. (Don) Fort was appointed in June 2017 after former Chief Richard Weber announced his departure. This week, however, marked… Read More