High Site Business Consullting

10/22/2021

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 pandemic has changed attitudes and priorities around work, and there are signs that many have moved on to an alternate economy.

10/22/2021

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

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.

10/22/2021

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

10/21/2021

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.

Biden aides floated enormous changes on Wednesday to Democrats' tax plans.

10/21/2021

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

The Covid-19 pandemic has left one very destructive issue in its wake: disruption to global supply chains.

10/21/2021

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.

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...

10/20/2021

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

The administration has faced an uproar over the plan from Republicans and industry groups.

10/20/2021

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

Managers need to be prepared to support remote employees just as much as they do those coming into the office every day.

10/20/2021

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

10/19/2021

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

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.

10/19/2021

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.

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...

10/18/2021

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

Predicting which assets that hackers will attack can be challenging, potentially making business networks harder to defend.