Corporate tax rates in major economies around the world have fallen to an average of just 25.1% this year, according to a study released Friday by the UHY international accounting firm network. With the COVID-19 pandemic leaving a gaping hole in the public finances of many countries, however, UHY predicts the trend of declining corporate tax
Westend61 | Getty Images Side hustles have become an increasingly popular way to boost income. But are they necessary to reach financial freedom? “The answer is no,” said Gorick Ng, author of “The Unspoken Rules,” adding that there are plenty of people who don’t have side hustles and have achieved success. Still, Ng is in
The American Institute of CPAs announced the 57 recipients of the 2021 Elijah Watt Sells Award. CPA candidates must have a cumulative average score above 95.50 across all four sections of the Uniform CPA Exam to receive the award, as well as pass all four sections of the exam on their first attempt and have completed all testing
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(Click here to subscribe to the Delivering Alpha newsletter.) For the last two decades, Bruce Flatt has been the CEO of Brookfield Asset Management, growing it to become the second-largest alternatives firm in the world. He oversees more than $725 billion in assets spanning a diverse portfolio comprised of real estate, private equity, infrastructure, energy transition, credit,
JGI/Jamie Grill As inflation soars and markets slide, many investors are wondering what’s coming next. Traditional advice dictates that long-term investors — those who are focused on retirement dates further down the road — should stay the course in the markets. But those with shorter time horizons of three- to five-years for a closer goal,
Starting this year, firms must amortize their research and development (R&D) expenses over five years rather than immediately deduct them from taxable income, a policy change designed to raise federal tax revenue in the short term. As policymakers consider the future of the R&D tax change, one option on the table is to delay the
Finance ministers and central bank governors from G7 countries are asking the recently established International Sustainability Standards Board to go beyond climate change disclosures to set standards in other areas related to nature and social issues. In a wide-ranging communique issued during a meeting Friday in Germany of international finance and banking leaders that covers
Ben Rains explores the stock market around the halfway point of May after buyers stepped in at the end of last week to stop some of the recent bleeding. The episode then dives into three Zacks Rank #1 (Strong Buy) stocks to consider buying during the current market turmoil as Wall Street attempts to find
If you buy something through our links, we may earn money from our affiliate partners. Learn more. Are you too busy to take care of order fulfillment in your eCommerce business? Do you lack the infrastructure to efficiently serve your customers nationally and globally? Do you not want to invest in running and staffing your
Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images The U.S. affiliate of crypto exchange FTX said Thursday it plans
FG Trade | E+ | Getty Images The recent volatile price action in the stock market has been scary for some investors, especially younger ones just dipping their toes into putting money away for the long-term. Still, financial experts say that now is a good time for people to start investing or to continue to
A busy year; must love scams; state of emergency; and other highlights of recent tax cases. Salem, Massachusetts: Tax preparer Roosevelt Fernandez, 42, has been sentenced to five years in prison and three years of supervised release after orchestrating two schemes involving COVID-19 relief funds and returns submitted using stolen IDs. As early as 2018,
One of the hardest parts about doing your taxes? Waiting for that refund to hit your bank account. If you’re expecting a tax refund this year, here’s how you can check on the status of your refund — and when you can expect to have that cash in hand. Ways to check the status of
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This week it was reported that during her recent trip Poland, Treasury Secretary Janet Yellen offered estimates from the EU Tax Observatory as evidence that the Polish government would benefit from supporting the global tax deal. Poland has been cautious to lend its support to the EU legislation to implement the minimum tax rules, and
In this article @RB.1 @CL.1 A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now
skynesher Days of record market losses may inspire 401(k) investors to take action. Yet most experts caution against doing just that. The reason: Days when the markets are down tend to be closely followed by days when the market is up. If you sell and run for cover now, you may miss the upside. “The
The Tax Foundation respectfully submits comment on the state tax and revenue implications of the proposed tobacco product standard for menthol in cigarettes. Alongside the intended consequence of limiting sales of menthol cigarettes, menthol cigarette prohibition will have a significant impact on state revenue collections, in excess of the losses associated with individuals who respond
Accounting workflow automation provider Lockstep announced the release of Lockstep Inbox, a free automated inbox application designed specifically for accountants. The solution streamlines workflows through a shared Accounting Inbox, in contrast to personal inboxes, which each stand in their own silo. Specifically, the new solution offers the ability to: Monitor accounting KPIs and generate actionable
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