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Workforce theories: First is the fact that the pandemic prompted a record number of new businesses. The peak was in July 2020, when close to 600,000 new business applications were filed, up 100% from the year prior. Story via

The Workers Won’t Be Coming Back, Covid or Not. Here Are Theories on Where They Went. The pandemic has changed attitudes and priorities around work, and there are signs that many have moved on to an alternate economy.

Tax policy debate: The White House is floating new plans to pay for parts of Biden's $2 trillion social services and climate change package, shelving a proposed big increase in corporate tax rates though also adding a new billionaires' tax. Developments via

White House, Dems hurriedly reworking $2 trillion Biden plan WASHINGTON (AP) — The White House and Democrats are hurriedly reworking key aspects of President Joe Biden’s $2 trillion domestic policy plan, trimming the social services and climate change programs and rethinking new taxes on corporations and the wealthy to pay for a scaled-back package.

Here is a fun fact for your Friday from High Site Business Consulting.

Biden aides are discussing a new minimum tax on corporations; a plan to beef up tax enforcement through the Internal Revenue Service; a tax on companies issuing stock "buybacks" to company shareholders; and an overhaul of international tax provisions.

White House considers new taxes on billionaires, stock buybacks as higher corporate rate appears to fall out of economic package Biden aides floated enormous changes on Wednesday to Democrats' tax plans.

Economy: Unfortunately, experts like Tim Uy of Moody's Analytics say that supply chain problems "will get worse before they get better". Story via

Supply chain chaos is already hitting global growth. And it's about to get worse The Covid-19 pandemic has left one very destructive issue in its wake: disruption to global supply chains.

If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax issues you need to know about. Plus, the IRS has cryptocurrency transactions on its radar.

Understanding the Taxation of Cryptocurrency Transactions If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax issues you need to know about. Unfortunately, there are some unanswered questions and little specific guidance offered by the IRS other than in Notice 2014-21 and R...

Tax policy debate: After a backlash, the new bank reporting proposal will instead require the provision of additional information for accounts with more than $10,000 in annual deposits or withdrawals. Story via

Democrats to scale back Treasury’s IRS bank reporting plan amid GOP uproar The administration has faced an uproar over the plan from Republicans and industry groups.

The era of remote work is upon us. it's time to embrace it, not fear it. Learn more.

Distributed Workforce Businesses Are Facing Challenges as They Adapt to Remote Employees Managers need to be prepared to support remote employees just as much as they do those coming into the office every day.

Here is some midweek Wednesday Wisdom inspiration from your friends at High Site Business Consulting

By 2030, there will be 16.1 million workers 65 and older, compared to 10.6 million in 2020. See what states are best for older workers via

16 million people 65 and older will be in the workforce by 2030. These are the best and worst states for them to work and live Which states older workers live and work in could prove impactful relative to household financial wellbeing. Here's a look at the best and worst options.

Virtually everyone is subject to income tax and should know the basic terms associated with taxes, such as filing status, head of household, dependents, exemptions, itemized deductions, adjusted gross income, modified adjusted gross income, credits, marginal tax rate, tax bracket, alternative minimum tax, earned income tax credit, and more.

Understanding Tax Lingo When discussing taxes, reading tax related articles or instructions one needs to understand the basic lingo and acronyms used by tax professionals and authors to be able to grasp what they are saying. It can be difficult to understand tax strategies if you are not familiar with the basic terminologi...

Security concerns: Across the business sector, companies are reporting a higher-than-ever frequency of cyberattacks and cybercrime. Tips to protect your business via

Cybersecurity report reveals critical business vulnerabilities Predicting which assets that hackers will attack can be challenging, potentially making business networks harder to defend.