Month: April 2021

Here’s the most important thing to know about SPAM text messages. Don’t respond. Not in any way. We all know about SPAM text messages. In short, they are messages from some entity pretending to be something it isn’t. We’ve all gotten these messages: You’ve won! Your package delivery is pending! The IRS has been trying
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Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder meeting this Saturday riding high, with shares of the conglomerate at a record and its
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Last year, the world experienced a level of disruption no one could have anticipated. Accountants and finance professionals were called to respond to the economic effects of the pandemic, and as a part of a resilient, forward-thinking and innovative profession, we were prepared to handle it. Now, with hope for an end to the pandemic
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Deliberations which began well before the beginning of Louisiana’s legislative session—which has the nation’s latest start date (April 12th)—have yielded a meaningful package of tax reform proposals. Legislators aim to lower the state’s individual and corporate income tax rates, begin phasing out the capital stock tax, and bring sales tax centralization across the finish line—all
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President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, April 7, 2021. Leigh Vogel | Bloomberg | Getty Images President Joe Biden will formally unveil his new tax plan during his first presidential address on Wednesday that includes a key campaign promise — no one making $400,000 or less
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Small businesses are gaining more revenue this year despite the lingering challenges from COVID-19 and reversing last year’s losses, according to a report from Intuit’s QuickBooks unit. The report examined how small and midsized businesses performed financially in different industries and geographies from March 2020 to March 2021, analyzing anonymized revenue data drawn from approximately
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Table of Contents Key Findings The Biden administration’s “Made in America Tax Plan” would substantially raise taxes on the activities of U.S. multinational corporations, whether these activities are located domestically or abroad. From the perspective of U.S. multinationals, the proposal would increase their federal tax liabilities by $104 billion in 2022 and $1.2 trillion over
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As a profession whose primary stock in trade is knowledge, accounting has not traditionally called for the sort of major capital expenditures that characterize, say, car manufacturing or energy production or making semiconductors. According to the conventional wisdom, a firm’s major assets go home every day in the heads of its partners and employees; there
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CNBC’s Jim Cramer on Tuesday expressed some disappointment in Tesla‘s first-quarter earnings report and subsequent conference call. “I have to be somewhat critical. This was not the blowout quarter,” Cramer said on “Squawk on the Street,” describing the numbers released Monday by the electric vehicle maker as “very good” relative to certain industry peers. He
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