The Department of Justice’s antitrust case against Google began on September 12, 2023 in the United States, marking the start of a trial that could transform the technology landscape. The dispute revolves around Google’s search practices. The Department of Justice claims that the company has violated antitrust laws by maintaining its supremacy in search, while …
Google’s antitrust trial begins in the United States Read More »
The Internal Revenue Service (IRS) and the Treasury Department of the United States recently announced that they plan to extend the transition period for the exception rule obliging companies to pay taxes on royalties of intellectual property abroad. Pursuant to Notice 2023-31, issued on April 3, 2023, following the finalization of regulations proposed in Section …
IRS announces extension in the transition period for foreign withholding tax rules Read More »
Form 1099-K is an official Internal Revenue Service (IRS) instrument used to report some specific payment transactions. This document is sent to taxpayers who are involved in commercial transactions whose income originates from one of the following sources: • Taxpayer-owned business. • Self-employment. • Activities in the Gig Economy (alternative jobs like Uber, for example). …
Tax Season 2023: what should I do when receiving the Form 1099-K Read More »
The United States work market is booming! This is what a recent survey disclosed by LinkedIn points out. At present, the country workforce has relied on at least three million people since the beginning of the pandemic – the lack of labor within the pandemic most critical period implied in an uneven recovery in company …
Vacancies overcome number of applicants in some work areas in the United States Read More »
The Advisory occupies relevant positions among the best consultancies in Brazil in 2023 in two categories. Leaders League is an international group based in France founded in 1996. It operates in seven countries, including Brazil. Using a respected methodology, its rankings have global reach, which greatly impacts the decisions of executives of national and European …
Drummond Advisors stands out in Leaders League rankings Read More »
IRS officials say taxpayers should expect better customer service for 2023 compared to previous years. The reason is to hire 5,000 agents, who will answer phone calls, and handle customer service. The deadline for paying most taxes in the United States is April 18. But due to recent natural disasters, some California residents may have …
IRS is expected to offer better service to taxpayers Read More »
On December 13, 2022, the European Commission published its preliminary version of the adequacy decision regarding the new framework for international data transfers between the European Union and the USA, with the aim of regulating such information flow. Mentioned decision represents a new advance, after the publication of Executive Order by President Biden, in October …
The Finance Committee of the Chamber of Deputies approved the bill (No. 3.489/2021) that establishes the taxation of profits with offshore companies by the IRPF, when the result is determined in the company’s balance sheet, even if it is not credited to the account. The project is authored by the Executive Branch and was presented …
Commission approves project to tax offshore profit Read More »
Filling out tax return forms to the IRS (Internal Revenue Service) is a process that requires attention and care as there is a wide range of questionnaires and information that must be reported. In the case of service providers, there are some specific documents that must be up to date. This is the case with …
To talk about the promising market of Brazilian AgTechs and their possibilities for international expansion, the Brazilian-American Chamber of Commerce of the Southeast (BACC-SE), in partnership with the Consulate General of Brazil in Atlanta, and support from Drummond Advisors, promoted webinar “AgTech Business Opportunities for Brazilian Companies in the US”. The event was attended by …
AgTech business opportunities for Brazilian companies in the US Read More »
