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…
Within the next five years, as many as four in 10 workers in the United States are expected to be self-employed, due in part to millions of Americans joining the ranks of what is being called the “sharing economy.” That’s the finding of a new labor market study conducted by Emergent Research that predicts that more…
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…
Starting and sustaining a small business has never been easy. And without access to financing and working capital, it’s all but impossible. Businesses large and small, young and old, need access to cash and credit to fund operations, build inventories and bridge the gaps between billing and payments. Yet for too many entrepreneurs, the ability…
Alex Chriss, Intuit Vice President responsible for the QuickBooks division for the Self- Employed, testified on the sharing economy before the U.S. House of Representatives Subcommittee on Commerce, Manufacturing, and Trade. The testimony was part of “The Disruptor Series: How the Sharing Economy Creates Jobs, Benefits Consumers, and Raises Policy Questions.” Read the testimony here.
For 30 years, Intuit has been guided by a simple mission: to improve the financial lives of our customers. And while you may not immediately recognize our company’s name, you’ll find millions of American homes and businesses using our products — Quicken, TurboTax, QuickBooks and Mint, to name a few. Over the decades, people and…
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…
