According to a new report, at least 2.5 million Americans are earning income in the on-demand and many face immense challenges to tax compliance. The exponential growth in the on-demand platform economy has captured much attention in recent months. Less common in the news headlines are the tax compliance challenges for the small business owners…
Small businesses drive our economy. And earlier this month, the country celebrated National Small Business Week, recognizing the 28 million small companies that create opportunities for millions of Americans through employment and innovation. Their economic contributions are well known – small businesses create two out of every three new jobs annually and generate income for…
Within the next five years, as many as four in 10 workers in the United States are expected to be self-employed, due in part to millions of Americans joining the ranks of what is being called the “sharing economy.” That’s the finding of a new labor market study conducted by Emergent Research that predicts that more…
On Thursday, November 19th, keynote speakers, Sen. Mark Warner and Rep. Peter Roskam, spoke at a Capitol Hill symposium focused on the trends and public policy ramifications of the new, emerging workforce driving the sharing economy. Hosted by the Kogod Tax Policy Center at American University, and sponsored by the Intuit Tax and Financial Center,…
Starting and sustaining a small business has never been easy. And without access to financing and working capital, it’s all but impossible. Businesses large and small, young and old, need access to cash and credit to fund operations, build inventories and bridge the gaps between billing and payments. Yet for too many entrepreneurs, the ability…
Alex Chriss, Intuit Vice President responsible for the QuickBooks division for the Self- Employed, testified on the sharing economy before the U.S. House of Representatives Subcommittee on Commerce, Manufacturing, and Trade. The testimony was part of “The Disruptor Series: How the Sharing Economy Creates Jobs, Benefits Consumers, and Raises Policy Questions.” Read the testimony here.
