The U.S. labor market is going through a major change as people turn to self-employment in record numbers. Enabled by the ubiquitous connectivity of smartphones, entrepreneurs are embracing the opportunity to become self-employed. Today’s entrepreneurs don’t necessarily have storefronts, staffs or even business cards – and better yet, some don’t even have to find their…
According to a new report, at least 2.5 million Americans are earning income in the on-demand and many face immense challenges to tax compliance. The exponential growth in the on-demand platform economy has captured much attention in recent months. Less common in the news headlines are the tax compliance challenges for the small business owners…
On Thursday, November 19th, keynote speakers, Sen. Mark Warner and Rep. Peter Roskam, spoke at a Capitol Hill symposium focused on the trends and public policy ramifications of the new, emerging workforce driving the sharing economy. Hosted by the Kogod Tax Policy Center at American University, and sponsored by the Intuit Tax and Financial Center,…
Intuit’s Director of Government Relations, Melissa Netram, participated in a panel about whether and how to regulate new marketplaces, including the on-demand economy. The panel was part of the TAP Conference, an event in New York City devoted to discussing the opportunities and challenges facing mobile commerce. TAP Conference 2015 (#TAPCON) –The Role of Regulation…
Driven largely by the rise in the on-demand digital economy, a new kind of self-employed entrepreneur is rapidly being added to the U.S. workforce. Unlike their predecessors, many of today’s newly minted entrepreneurs don’t have storefronts, staffs or even business cards. What they have instead is access to the global marketplace by directly providing services…
