The grim one year anniversary of the COVID-19 pandemic in Canada has highlighted that many businesses across the country continue to struggle financially.

An increasing proportion of US workers are receiving their income from gig work with the IRS reporting that at least 11.8% of US workers are now participating in part-time work facilitated by app-based providers like Uber and Grubhub.

The following is a summary of each condition and, if available, information on the subjective tests involved in determining eligibility.

The classification of workers has become an increasingly relevant consideration for both hirers and workers in today's rapidly changing economy.

With the spread of COVID-19, many law firms were unexpectedly forced to shift to remote working.

This article looks at what Type "D" Reorganizations are and provides diagram examples that you can reference. You will find a standard "D" Reorganization diagram and a Rev. Rul.

Billy Beane, Executive Vice President of Baseball Operations and Minority Owner of the Oakland Athletics, famously said "Adapt or die."

Cryptocurrency tax laws and guidance develop at a much slower pace than the technology that gives rise to the issue. Much uncertainty remains, but to the degree possible, ...

For lawyers and accountants who create structure charts on a regular basis, the process can be time-consuming and fairly involved. Structure charts are valuable communication...

The accuracy-related penalty under §§ 6662(b)(1) and (2) of the Internal Revenue Code has been the most-litigated federal tax issue for years,

As a result, it is essential that exempt taxpayers are able to anticipate the potential tax consequences of trade or business activities.

Future court decisions can now be predicted with speed, accuracy, and precision using machine learning, a subset of artificial intelligence.

The Clio Legal Trends Report 2021 surveyed just over 2,000 individuals – 1,056 legal professionals, and 1,002 US-based Clio users.

Generally, any gain recognized on the sale or exchange of property is taxable, but the Internal Revenue Code (IRC) provides that certain sales or exchanges are not federally taxable events.

Cryptocurrency tax laws and guidance develop at a much slower pace than the technology that gives rise to the issue.

Few tax incentives are more coveted than tax credits. As dollar-for-dollar tax offsets, tax credits are almost as valuable as cash on hand.

"Few law firms have a long-term, market-based strategy, or recognize that by proactively embracing new methodologies and technologies they will create the differentiators they need to compete effectively going forward."

Each prediction is also accompanied by a confidence level expressed as a percentage.

Accountancy has always been a demanding industry, but in recent years burnout has jumped significantly.

Cryptocurrency tax laws and guidance develop at a much slower pace than the technology that gives rise to the issue. Much uncertainty remains, but to the degree possible, ...