The one and only debate between Vice President Mike Pence and Sen. Kamala Harris was quieter, clearer and more disciplined than the resentful, chaotic presidential debate a week earlier. But despite the calmer tone — and the two sheets of plexiglass separating the contenders — sparks flew from both sides of the stage with no […]
With Oct. 15 looming, some practitioners face daunting challenges
In the spring, as the COVID-19 pandemic swept the globe, the IRS took action to extend a wide variety of filing deadlines. Taxpayers and tax practitioners both needed the extra time, as offices across the country shut down, quarantining took effect, and many people became sick. While the IRS and states postponed many tax filing […]
COVID-19 Business Update – 7 October 2020
Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Federal Budget 2020 Released The Federal Budget was released earlier this week. Here’s a quick rundown of the key points: This budget is based on economic assumptions including that there will be […]
Amazon bullies partners and vendors, says antitrust subcommittee
Jeff Bezos, founder and CEO of Amazon, pictured on Oct. 2, 2019. Elif Ozturk | Anadolu Agency | Getty Images Amazon has “significant and durable market power” in the U.S. online retail market, with a far higher market share than was previously estimated, the House Judiciary antitrust subcommittee’s Democratic leadership found in a sweeping 400-plus […]
Federal Budget 2020: What it means for you
The Federal Budget was released on Tuesday 6th October. This article has a good summary of the “Winners and Losers” of the Budget. You’ll also find a recap of the key points below. This budget is based on economic assumptions including that there will be a COVID-19 vaccine rolled out by the end of 2021. […]
More teens report Covid-19 case in their household than national average, survey finds
Caroline and Alonzo, boyfriend and girlfriend, wear face masks together on Santa Monica beach, California. Mario Tama | Getty Images About 8% of U.S. teenagers or a member of their household have had Covid-19, higher than the national average of 6%, according to Piper Sandler’s semi-annual survey of teen consumption trends. Some health officials have […]
Health coverage reporting deadline extended
The IRS announced on Friday that it is extending the due dates for sending certain health care information statements to individuals as required under the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148 (Notice 2020-76). The IRS has extended the date every year since the PPACA’s requirement went into effect because a substantial number […]
Trump is still in a ‘dangerous position’ even though he looks well, a U.S. doctor says
President Donald J. Trump works in his conference room at Walter Reed National Military Medical Center after testing positive for COVID-19 on October 3, 2020 in Bethesda, Maryland. Joyce N. Boghosian | The White House | Getty Images SINGAPORE — There are high hopes that President Donald Trump’s will recover from the coronavirus, but he […]
Do you know about HMRC webinars?
Did you know that HMRC have webinars available on lots of different topics which provide you with support or guidance? You can sign up to email alerts so you can join live sessions or search for just those webinars which will provide information on a particular topic. To sign up for these emails follow this […]
Hiring for the Virtual Workplace
When it comes to hiring, if you fish in the same spot, you’re going to get the same result. Casting a wider net is a two-part process: Diversifying the ways you search for talent and diversifying the talent you bring on board. Whether your company will have more virtual work for the foreseeable future, is […]