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Businesses of all sizes are turning to cloud-based solutions to assist in their accounting and finance functions. However, businesses may end up facing roadblocks down the line due to limitations in software. On the surface, these software platforms may appear efficient, but with problems ranging from inflexible processes to data accessibility and inadequate security, these
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The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding. The TE/GE division released a list of its priorities Thursday in a letter from TE/GE commissioner Sunita Lough and deputy commissioner Edward Killen, who also talked to reporters during a
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Dutch treat; ain’t no Sunshine; the trouble with truffles; and other highlights of recent tax cases. Charleston, South Carolina: Real estate developer James Thomas Bramlette of Salt Lake City has pleaded guilty to wire fraud and tax fraud. In 2011, Bramlette borrowed $17.5 million from a Dutch investor to purchase out of bankruptcy Melrose Resort
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A Social Security Administration office in San Francisco. Getty Images The Social Security cost-of-living adjustment for 2022 could be the biggest in decades. However, that increase to monthly checks will not be enough, according to The Senior Citizens League, a nonpartisan advocacy group. Now, in a letter sent to members of both the House of
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In 2019, revenue from personal income taxes made up 24 percent of total tax revenue across OECD countries. Countries tax labor income in various ways through payroll taxes, personal income taxes, and, in some cases, surtaxes. Between 2018 and 2021, eight European countries in the OECD changed their top personal income tax rates. Of these eight countries, four cut their
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In this article SPWR Construction workers install SunPower tiles on homes in San Ramon, Calif. Robert Nickelsberg | Getty Images SunPower said Tuesday that it’s restructuring its operations in a bid to focus exclusively on the fast-growing residential solar market. The company is acquiring residential solar provider Blue Raven, while also looking to sell its
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