Klaus Vedfelt Digital banks like Chime and Square’s Cash App have added millions of users by offering streamlined, mobile-first accounts without the pesky fees associated with brick-and-mortar banks. To that list of disruptors, add the New York-based start-up Current. Current, founded in 2015 by former Wall Street trader Stuart Sopp, has offered fee-free mobile checking
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Yellow Dog Productions The U.S. economy is restarting and millions of unemployed Americans are returning to work.    Yet that positive trajectory may not last. Many newly employed Americans could be furloughed or laid off again. Officials in areas like New York have discussed renewed lockdown measures as citizens flaunt social distancing rules. Houston may
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BDO USA, a Chicago-based Top 10 Firm, has added Piercy Bowler Taylor & Kern, CPAs, a firm based in Las Vegas, expanding BDO’s presence in Nevada and Utah. The deal will add nine partners and approximately 60 professionals from PBTK to BDO and is expected to close on July 1. Financial terms were not disclosed.
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Of all alcoholic beverages subject to taxation, stiff drinks—and all distilled spirits—face the stiffest tax rates. Ostensibly, this is because spirits have higher alcohol content than the other categories, like wine and beer. This round of information is on us, so help yourself to the map below to see whether you’re shaken or stirred by how your state’s
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, is providing critical relief to individuals and businesses that have been economically impacted by the COVID-19 pandemic. In addition to providing financial assistance to individuals and loans to businesses, the CARES Act made several structural adjustments to the tax code
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The former top securities regulator for the United States said Tuesday that policymakers never considered there would be a market for bankrupt companies like Hertz to issue new stock and that, if things went poorly, investment banks could be on the hook. Harvey Pitt, who served as chairman of the Securities and Exchange Commission under
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As policymakers explore options for additional business tax relief in “Phase 4” of coronavirus relief legislation, one idea that has received renewed attention over the last week is allowing businesses to cash out business tax credits allowed under Section 38 of the Internal Revenue Code. This proposal would be strengthened by also permitting acceleration of
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This month, the German government agreed to a new round of fiscal support for the economy in light of the challenges from the ongoing pandemic. The total cost of the new package is €130 billion and is in addition to the supplementary budget adopted earlier in the year of €156 billion. Combined, the two fiscal
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