The Future of Professional Report highlights the significant impact of Generative AI (GenAI) on business strategies, with 94% of C-suite executives believing it will substantially alter their plans. Corporate tax leaders must embrace and integrate GenAI to succeed in the rapidly evolving digital landscape. However, effective integration requires careful planning and preparation. To leverage this … Read more
Around 24% of all tax payments in Israel were from companies and wages in the hi-tech sector in 2020 and hi-tech employees made around 36% of all income tax payments in 2021, said Israel’s Innovation Authority in a report released Tuesday. This highlights the centrality of this sector in Israel’s economy, the authority emphasized, saying … Read more
IRS Tax Compliance Costs the US Economy $546B Annually Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. code imposes many costs on the US economy. The most direct costs, of … Read more
My spouse and I were lucky as parents. In 2005, I brought our infant daughter to work right after maternity leave, and she was my officemate until she could crawl into the hallway. A colleague did the same with her son the following year. Our employer, a small company with fewer than 25 employees, was … Read more
The presidential race is unpredictable, but the legislative conversation in 2025 for the eventual winner is actually already determined. Nearly all of the Trump tax cuts affecting individual filers expire at the end of that year, as well as enhanced subsidies for Affordable Care Act exchanges. As I was told back in April, the near-term … Read more
Trump “No Tax on Tips” Proposal: Details & Analysis Skip to content Home • Blog • Frustrated with Tipping? No Tax on Tips Could Make It Worse 72 percent of Americans have seen an expansion of tipping expectations over the past five years. While some Americans are certainly frustrated about the trend, one recent policy … Read more
here. Despite the fact that the thermometer still reads summer, fall is creeping closer. According to the National Retail Federation, one in five (22%) back-to-school shoppers have already started gearing up for the 2024-25 school year (you can count me as one of them). However, with above-average prices in stores and online, those shoppers are … Read more
July 9, 2024 at 9:00 PM Aces/SplashNews.com / Aces/SplashNews.com The 2024 presidential election is top of mind and, if you are a shareholder in a company, you might be paying more attention to Donald Trump’s campaign in the upcoming months. Not only will you cast your vote for the next president of the United States … Read more
Having secured a landslide victory as expected in last week’s election, Labour’s Keir Starmer has a unique opportunity to reshape the UK’s financial landscape by positioning it as a global cryptocurrency hub, according to the CEO of a leading financial advisory and fintech. “To date, Starmer’s stance on crypto remains somewhat nebulous,” said Nigel Green … Read more
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recenlty issued final regulations detailing how corporations should report and pay the new 1 percent excise tax on stock repurchases. This tax was introduced by the Inflation Reduction Act and applies to stock repurchases made after December 31, 2022. The new … Read more