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Forget Uber and TaskRabbit: A growing cohort of the gig workforce is actually working long-term inside traditional companies — and they’re pretty happy about it, according to new research from ADP. According to a study of data from 18 million workers at 75,000 companies, one in six workers inside those companies is a gig worker, […]
Aiming to improve online access to information on identity theft and data security, the IRS has unveiled its Identity Theft Central page. The page includes information on how to report ID theft and how taxpayers can protect themselves against phishing and other online scams. Information on the page includes actions for victims of ID theft, […]
Massachusetts Governor Charlie Baker recently released the 2021 budget proposal for the state, which includes a plan that will require businesses to remit sales tax from digital transactions on a daily basis. The two-phase plan will apply to electronically remitted sales and use tax, local option meals tax, and room occupancy tax and is slated […]
Making them pay; immigrants and filing; 12 days; and other highlights from our favorite tax bloggers. Ultra-frivolous Procedurally Taxing (https://procedurallytaxing.com): A look at a recent Tax Court opinion on imposing the frivolous return penalty and how it provides yet another example of how friendly the Tax Court is to petitioners. TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): The U.S. […]
Big Four firm EY has announced plans to become carbon neutral by the end of 2020, looking to offset the firm’s carbon footprint around the world. The firm says it will focus primarily on reducing its travel emissions, increasing sustainable procurement practices and purchasing more renewable energy sources, such as wind and solar energy, for […]
The Securities and Exchange Commission voted to propose amendments to the financial disclosure requirements in Regulation S-K and streamline the Management’s Discussion and Analysis disclosures, including critical accounting estimates, off-balance sheet arrangements and key performance indicators. The proposed amendments would eliminate Item 301 (selected financial data) and Item 302 (supplementary financial data), and amend Item […]
CECL’s impact on a financial institution is all about the portfolio makeup. That’s the main message from the first financial institutions to report officially on the effects of adopting the current expected credit loss model. And while it may seem like common sense, it’s a point that can easily be lost in the anxiety of […]
Postlethwaite Netterville promotes 45; Sax adds two partners; and more personnel news.
KPMG and Project Management Institute announce collaboration; Marcum opens Cleveland office; and more CPA news.
For firms serving small businesses, success is largely defined by the ability to cut down unnecessary costs and allocate resources effectively. One of the easiest but often overlooked ways of doing so is through the automation of manual, tedious processes that clog up workloads and tie down resources. This is especially true when it comes […]
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