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South Dakota’s new industry; a little clarity on contractors; the IRS and collections; and other highlights from our favorite tax bloggers. Scary stuff Taxbuzz (https://www.taxbuzz.com/blog): All the back and forth so far on the new tax proposal that allows the IRS to track bank transactions of $600 or more. AICPA Insights (https://future.aicpa.org/blog): Evolving from paper
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Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be
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VALERIE MACON | AFP | Getty Images When the Covid-19 pandemic prompted a dramatic drop in wages, that also sparked concerns that one particular cohort would see lower Social Security benefits as a result. Those concerns, however, have abated, according to new data from the Social Security Administration. The reason comes down to the national
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CONTENT FRESHNESS USEFULNESS A guide for executives, managers, and business owners on how to identify and become an Impact Player. If you buy something through our links, we may earn money from our affiliate partners. Learn more. Tom Brady and LeBron James are recognized as superstars. Where they go, victories and championships follow. They aren’t
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An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft
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Bitcoin on display. Chesnot | Getty Images The first U.S. bitcoin futures exchange-traded fund will launch on Tuesday, a milestone for the cryptocurrency industry, and others may soon follow. The long-awaited ProShares ETF will offer exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather
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The Internal Revenue Service is teaming up with international organizations and regulators this week to call attention to the dangers of charity fraud. The Charity Fraud Awareness Week campaign brings together a group of charities, regulators, law enforcement organizations and nonprofits from around the globe. The goal is to raise awareness of fraud and cybercrime
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Note: Each year we review and improve the methodology of the Index. For that reason, prior editions are not comparable to the results in this 2020 edition. All data and methodological notes are accessible in our GitHub repository. Below is a preview of the 2021 Index. To access the full report, click the download button above.
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In this article HOOD GME Rafael Henrique | LightRocket | Getty Images The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main regulator on Monday released its
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Even before COVID-19, unprecedented economic, regulatory, and social forces — including complex global trade regulations, advancements in accounting standards and global tax law developments — were pushing companies to rethink how they did business. The global pandemic made the need more urgent, exacerbating the challenges facing many tax teams. Budgets shrank, and corporations now face
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VALERIE MACON | AFP | Getty Images People who collect Social Security are about to see bigger checks. The cost-of-living adjustment in 2022 will be 5.9%, the Social Security Administration said Wednesday. The bump, which will help beneficiaries keep up with rising costs due to inflation, is the largest increase in about 40 years. The