Month: August 2020

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Amid one of the worst public-health crises in history, a record number of Americans are without health insurance. John Fedele Amid historic levels of unemployment, as many as 12 million Americans may have lost their health insurance since February, according to a study by the Economic Policy Institute.  “Because most U.S. workers rely on their
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. Most business owners perform many of the same functions on their computers over and over, day after day. Wouldn’t it be nice if there was a quicker and easier way to complete these repetitive tasks? Instead of browsing
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High-tax countries create an incentive for companies to finance investments with debt because interest payments are tax-deductible, which is usually not the case for equity costs. This encourages global businesses to lend money internally from entities in low-tax countries to entities in high-tax countries. Tax savings in high-tax countries can exceed the increased tax paid
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When I founded FloQast, I started meeting fellow software entrepreneurs. As I got to know them I realized there is a common thread across the group — they have one of two backgrounds: Product or business development. Software engineers are able to hack together great products for sweat equity, get adoption, and then have VC’s
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CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic.  “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.”  The Fed earlier Thursday said it would be willing to
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Grant Thornton has announced an expansion of the firm’s diversity and inclusion efforts with the implementation of new training programs and monetary donations to social-justice organizations. Grant Thornton developed its efforts with members of its African Americans and Allies Business Resource Group — an internal group that promotes the recruitment, development and retention of Black
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Wish you were here; refunds and interest; California and gig drivers; and other highlights from our favorite tax bloggers. Find the fraud Word up Sikich (https://www.sikich.com/insights/): Funny how much critical IT security, even after years, still comes down to what the average employee considers a vaguely memorable catchphrase. The latest on smart use of passwords.
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High-net-worth individuals are being identified by tax policymakers these days in various ways. While Portugal recently approved a 10 percent tax on foreign pension income, putting an end to the tax-free regime for foreigners approved during the financial crisis, Greece is looking into attracting foreigners with tax reductions. In order to transfer their tax residency
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Tenants of the Woodner apartment building in Washington, D.C., protest to demand their rent be forgiven during the Covid-19 pandemic. NICHOLAS KAMM/AFP via Getty Images Unemployed workers living in most U.S. cities can’t cover basic living expenses with jobless benefits alone. In fact, Americans living in just 12 out of 109 metro areas could afford
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Among Democratic presidential nominee Joe Biden’s many tax proposals, one that has gotten less attention would modify how traditional retirement accounts are treated in the tax code. This proposal would shift some of the benefits of tax deferral in traditional retirement accounts toward lower- and middle-income earners with the goal of encouraging additional saving by
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The Securities and Exchange Commission adopted rules Wednesday to reduce the number of disclosures of business, legal proceedings and other risk factors, including environmental and human capital risks, that public companies are required to make, in probably the biggest overhaul of Regulation S-K disclosures in more than three decades. The move is part of the