The pandemic had one positive impact on American businesses—it accelerated digital adoption for companies of all sizes. As Carl Carande, the vice-chair, advisory at KPMG in the U.S., says, “The move to digitization has accelerated, and the benefits will be permanent. There is no going back.” This is underscored by the 2021 Small and Medium
The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part of its broader portfolio, said the federal government should pay people go back to work, not to stay home. “The whole
Getty Images Americans spent more on travel, dining out and other gatherings as the country reopened this summer. And now, many women are worried about upcoming holiday expenses as the season approaches. Some 38% of women are anxious about holiday costs, according to an Ellevest survey on financial wellness. While the summer’s extra spending may
The Labor Department will propose rule changes on Wednesday that would make it easier for retirement plans to add investment options based on environmental and social considerations — and make it possible for such options to be the default setting for enrollees. In a reversal of a Trump-era policy, the Biden administration’s proposal makes clear
Many of your clients are successful business owners, accomplished professionals and other well-educated people who are used to being in control. They can go anywhere and do anything they want. As a trusted advisor, you need to strike the balance between letting them be in control and, at the same time, guiding them to a
Earnings season officially starts this week but it’s not just the banks that are stocks to watch. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
Spacecraft commander Jared Isaacman speaks into a microphone as he peers out the cupola window. Inspiration4 The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month. CNBC spoke to the mission’s commander and benefactor Jared Isaacman about the experience. He spent three days in SpaceX’s Crew Dragon capsule
In this article HOOD BLK AsiaVision | E+ | Getty Images Despite the high demand for values-driven investing, few individual shareholders participate in corporate decisions. But some companies and funds are making it easier for investors to voice concerns through a proxy voting process. When someone buys a stock, they become part-owner of the company
The Congressional Budget Office (CBO) now estimates that the federal government received $370 billion in corporate tax revenue over the past year (fiscal year 2021), matching the record high level from 2007. This is a 75 percent increase over the previous year’s total, reflecting a rebound in corporate profits and the broader economy. This year’s
How to network; testing cyber defense; Pandora the explorer; and other highlights from our favorite tax bloggers. Attack and conquer Strategic Advisor (https://strategicadvisor.liveplan.com/): Being an accountant or a CPA also requires learning how to sell yourself and your firm’s services. Larger firms typically have someone responsible for marketing and business development, but smaller and one-person
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A simple guide for small business owners who want to pivot successfully. If you buy something through our links, we may earn money from our affiliate partners. Learn more. When you hear the word “pivot“, what does it make you think? If you ask me, it makes me want to stick a fork in my
Workplace retirement plans are one of the best deals around. Contributions to a 401(k) plan are pre-tax, so, the more you put in, the lower your taxable income (and, therefore, how much you pay in taxes). Further, companies often offer an employer match, which is essentially free money toward your retirement savings goals. Yet, 17%
Key Findings A typical American household with four cell phones on a “family share” plan, paying $100 per month for taxable wireless service, would pay nearly $300 per year in taxes, fees, and government surcharges—up from $270 in 2020. This year, wireless subscribers will pay approximately $11.3 billion in taxes, fees, and government surcharges to
Everything has changed since the COVID-19 pandemic. Not just in terms of legislation and tax laws, but also in terms of what clients need from their accountants today — and that’s business advice. The problem is many accountants don’t consider themselves advisors. They struggle to understand the definition, let alone provide the service. It’s hard
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Kieferpix | iStock | Getty Images Time out of work — either planned or not — can have a major impact on your retirement savings. In September, there were still 2.7 million Americans who had been unemployed for 27 weeks or more, according to the latest jobs report from the U.S. Bureau of Labor Statistics.
We need more women and people of color in the accounting industry. So, are we doing enough to make that happen? For nearly two years, the chorus has been growing for more inclusivity and increased diverse representation at executive levels in tax departments, the broader C-suites and corporate boardrooms. Around the globe, corporate leaders have
Ben Rains takes a look at where the broader market stands as Wall Street prepares to enter the busy portion of the third quarter earnings season during the week of October 11. The episode then dives into two technology and modern entertainment companies, Netflix (NFLX) and Snap (SNAP), ahead of their Q3 financial results next
Note: The following is the testimony of Daniel Bunn, Tax Foundation Vice President of Global Projects, prepared for a EU Parliament Subcommittee on Tax Matters hearing on October 11, 2021, regarding the impact of national tax reforms on the EU economy. Thank you for the opportunity to testify today. My name is Daniel Bunn, and I am Vice President