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Member News
Member News
18
Feb
The Consolidated Appropriations Act, 2021 (CAA) extends and expands the Employee Retention Credit (ERC) first created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is designed to encourage businesses to keep workers on their payroll and support small businesses and nonprofits through the coronavirus economic emergency.
Eligibility has been expanded to include employers who also received PPP loans. There are two sets of rules: one for those claiming the credit for 2021 wages, and another set...
18
Feb
The shareholders of the European Investment Fund (EIF) have approved a 64% increase of the EIF’s share capital from €4.5 billion to €7.4 billion.
The EIF’s capital increase will bring substantial additional resources to scale up support for the SME financing market, and venture and growth capital activity.
The capital increase will enable the EIF to play a key role in rolling out InvestEU, the EU’s investment programme for 2021-2027, thereby also supporting the green and digital transformation of the...
17
Feb
One of the potentially frightening things about being a manager is the need to make decisions; many, many decisions. This is typically more of a problem for new managers than it is for experienced managers, but it would not hurt either type of manager to brush up on how to make better management decisions. The rest of this article will mainly focus on “bigger” management decisions, or those that happen less frequently and are more likely to have a...
17
Feb
Key insights
Debt cancelation amounts are generally included in gross income. This may come as a surprise to unsuspecting borrowers.
Fortunately, Congress has provided some exceptions and special provisions to address taxpayer concerns with COVID-related debt relief.
Under the Consolidated Appropriations Act 2021 (CAA 2021), Congress provided both financial assistance and tax relief. The massive year-end package ― including tax provisions which effectively told Treasury Department and IRS to give debtors a break — is welcome relief to many individuals and organizations.
Unfortunately for...
17
Feb
What if the key for businesses and brands looking to improve performance in an increasingly digital world isn’t digital transformation?
At a time when so much of the interaction between businesses and their customers is moving towards digital channels and tools, many organizations are feeling the pressure to engage in “digital first” strategies to drive performance, optimize operations and protect revenues. These efforts — often characterized as a digital transformation or digital journey — are intensely focused on the addition...
16
Feb
Recently, the European Commission announced two new regulations, known as the Digital Services Act (DSA) and the Digital Markets Act (DMA).
These regulations aim to set new rules governing the digital market in the European Union. According to the European Commission, the DSA is required to safeguard a digital space that respects Internet users' fundamental rights when using digital services. Furthermore, the legislators seek to establish a level playing field allowing further innovation, growth, and competitiveness in the digital sector.
While the DSA introduces...
16
Feb
The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org).
UNITED STATES
New York: De Blasio to revive property tax reform
At a state Senate hearing, de Blasio committed to restarting hearings on fixing the oft-derided system and...
16
Feb
Let’s start this article with some interesting facts about Virtual Reality (VR).
In 2020, Apple acquired a Virtual Reality event streaming company called NextVR. This company records events like shows and sports games in VR and develops its first headset to be launched in 2022. According to Bloomberg, this is a more ambitious augmented reality product that will present an interactive 3D digital environment for games, watching videos, and virtual communication.Tim Cook, Apple’s CEO, says that both VR and AR...
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