Small businesses are alive and well, thank you. Want evidence? Look no further than the recent QuickBooks Connect conference, where thousands of small business owners, accountants and software developers gathered to learn how to start and grow their businesses. The first-time event sponsored by Intuit attracted people from all walks of life and economic situations…
Driven largely by the rise in the on-demand digital economy, a new kind of self-employed entrepreneur is rapidly being added to the U.S. workforce. Unlike their predecessors, many of today’s newly minted entrepreneurs don’t have storefronts, staffs or even business cards. What they have instead is access to the global marketplace by directly providing services…
Today, the Supreme Court ruled that denying marriage licenses to same-sex couples violates the Constitution. The ruling will have profound impacts on millions of same sex couples in the 13 states which must now join all states in lifting bans on marriage between same sex couples. One consequence for these couples is the significant reduction in…
Marriage Equality Decision and Tax Implications A Supreme Court finding of a constitutional right to same-sex marriage would simplify the tax filing process for married same-sex couples and reduce the compliance burden. The Supreme Court is set to rule in late June on a case involving four statewide bans on same-sex marriage (Obergefell v. Hodges)….
When the government and private sector work together to solve problems, they have the ability to change lives. Think of the emergency alerts that you get during severe weather or if a child goes missing in your area. Government agencies broadcast the alerts, but it’s the partnership with the mobile carriers that puts the information…
April 15 – the day countless Americans file their taxes by either clicking “send,” or dropping a bulky envelope in the mail. And, after breathing a collective sigh of relief, we tend to put the whole process out of mind until next year. An understandable reaction, to be sure, but also a wasted opportunity. While…
If it’s April in the U.S., it’s tax season. What’s new this year is that American taxpayers must report their health insurance status when filing their 2014 tax information with the IRS. And one in two taxpayers doesn’t realize that’s the case. This is the first year that, under the Affordable Care Act (ACA), Americans…
Cyberfraud. It’s quickly becoming the watchword of this tax filing season. Several weeks ago we saw an increasing number of attempts by cybercriminals to use stolen identities to file fraudulent state income tax returns. Seeing this increase in suspicious filings, we took swift action to secure these returns and, working in consultation with the states,…
On Thursday, January 29th, Intuit Tax and Financial Center was an underwriter for the “Fight Against Fraud” Tax Symposium. The Atlantic took a closer look at how stolen identity fraud and improper EITC payments cost the country more than $5 billion a year–and examined data-based solutions to fighting fraud in the American tax system. Intuit President and CEO, Brad…
For years there’s been a lot of talk – in politics, the media and corporate boardrooms – about the need for corporate tax reform to strengthen American economic competitiveness. And indeed, achieving this is essential for growth, job creation and competing in a global economy. But there is another kind of tax reform that is…
