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Getting the right kind of business insurance is important. It can help you to safeguard against a drop in sales, natural disasters and even unforeseen crises. Small Business Trends contacted Keith Moore of CyberPolicy to find out the types of business insurance your operation needs. Having the right type of insurance coverage is just as
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The Paycheck Protection Program is not exactly one-size-fit-all in its effects on loan recipients. A business with 500 employees has different challenges when it comes to reopening than a business with five employees. The program, introduced as part of the CARES Act, initially ran out of funds within days of its beginning, but has since
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Key Findings Average wage earners in the OECD have their take-home pay lowered by three major taxes: individual income, payroll (both employee and employer side), and value-added (VAT) and sales taxes. Before accounting for VAT and sales tax, the average tax burden a single average wage earner faced in the OECD was 36 percent of
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Key Findings The COVID-19 pandemic and the attendant economic contraction will wreak havoc on state and local tax revenues, with projections of a 15-20 percent decline in state revenues. Lawmakers and governmental associations have called for between $300 billion and $1 trillion in state and local aid. As much as $535 billion of the nearly
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The International Public Sector Accounting Standards Board is trying to prod more countries to adopt its standards along with the accrual method of accounting, as nations around the world face unexpected expenses and revenue shortfalls arising from the novel coronavirus pandemic. “In terms of the accounting standards, what we’re saying is that actually we’ve got
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Gave at the office; mortgage and mining; rotten to the corps; and other highlights of recent tax cases. Tallahassee, Florida: Preparer John Jean-Gilles, 34, of Midway, Florida, has been sentenced to 52 months in prison after pleading guilty to charges of aiding in preparing false returns, wire fraud and aggravated ID theft. Between 2012 and
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Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic.  “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how