Bloomberg Tax & Accounting To Provide IRS With Corporate Tax Analyzer Software Under New Multi-Year Contract

ARLINGTON, Va., Dec. 14, 2020 /PRNewswire/ — Bloomberg Tax & Accounting today announced that it was selected by the IRS for a multi-year contract award to provide the agency with its Corporate Tax Analyzer and Income Tax Planner software tools.

As recipient of this award, Bloomberg Tax & Accounting provides IRS users with access to the Corporate Tax Analyzer software to calculate corporate taxpayers’ liability in audit scenarios by applying complex tax rules over multiple years.

Additionally, this award provides IRS users access to the Bloomberg Tax & Accounting Income Tax Planner software, which allows the application of complex tax rules over multiple years to calculate individual taxpayers’ liability.

“We are pleased about the recognition in the value of our software products’ ability to accurately handle complex tax rules and streamline their workflows,” said Lisa Fitzpatrick, President, Bloomberg Tax & Accounting. “By leveraging our technology solutions, IRS users

Read More

FTC orders social media companies to provide details on personal data, advertising

Federal regulators are ordering Facebook, Twitter, Amazon, TikTok’s parent and five other social media companies to provide detailed information on how they collect and use consumers’ personal data and how their practices affect children and teens.

The Federal Trade Commission’s action announced Monday goes to the heart of the tech industry’s lucrative business model: harvesting data from platform users and making it available to advertisers so they can pinpoint specific consumers to target.

The agency plans to use the information, due in 45 days, for a comprehensive study.

The other five companies are Reddit, Snap, Discord, WhatsApp, which is owned by Facebook, and Google’s YouTube.

Regulators and lawmakers are increasingly weaving into their investigations of market dominance by Big Tech companies concerns over data power and privacy.

The FTC wants to know how social media and video streaming services collect, use and track consumers’ personal and demographic information, how they

Read More

Semiconductor Equipment Consensus Forecast – Record Growth Ahead, SEMI Reports

Both the front end and the back end semiconductor equipment segments are expected to power the expansion. The wafer fab equipment segment – which includes wafer processing, fab facilities, and mask/reticle equipment – is projected to rise 15% to reach $59.4 billion in 2020, followed by 4% and 6% growth in 2021 and 2022, respectively. The foundry and logic segments, which account for about half of total wafer fab equipment sales, will see a mid-teens percentage increase this year to reach $30 billion in spending driven by investments in leading-edge technologies. Spending on NAND flash manufacturing equipment will surge 30% this year, surpassing $14 billion, while DRAM is expected to lead the expansion in 2021 and 2022.

The assembly and packaging equipment segment is forecast to grow 20% to $3.5 billion in 2020, followed by 8% and 5% increases in 2021 and 2022, respectively, driven by advanced packaging applications.

Read More

Voting machine company demands retractions over conservative media’s ‘disinformation’

On Monday, electronic voting system company Smartmatic demanded three conservative media outlets to retract claims that its machines skewed votes in favor of President-elect Joe Biden in November’s US presidential election.


Smartmatic issued retraction demand letters to Fox News, Newsmax, and One America News Network, according to a press release published by the Florida-based company Monday. In the letters, Smartmatic identifies several “factually inaccurate statements” made by the three conservative outlets throughout the 2020 presidential election cycle. These demands are often a precursor to a defamation lawsuit, although it is unclear whether Smartmatic will pursue litigation.


Load Error

“They have no evidence to support their attacks on Smartmatic”

“They have no evidence to support their attacks on Smartmatic because there is no evidence. This campaign was designed to defame Smartmatic and undermine legitimately conducted elections,” Antonio Mugica, Smartmatic CEO, said in a statement Monday. “This campaign is an attack on

Read More

Apple Website Highlights Workout Equipment Used in Fitness+ Videos

With the launch of Apple Fitness+, Apple now has a section on its workout for Fitness+ equipment, which offers links to buy the workout items that are used in Fitness+ videos.

manduka ekolite yoga mat e1607509759671

Many of the Fitness+ workouts are designed to work with no equipment at all, but some do require specific equipment. Cycling workouts, for example, require a cycling bike, while treadmill workouts require a treadmill.

The only fitness-specific items that Apple actually sells through its store are Manduka yoga blocks and mats, which Apple began offering last week. Other equipment links to outside stores where the devices can be purchased, with the exception of a few stands that Apple offers.

For dumbbells, Apple recommends the Rogue Rubber Hex Dumbbells, which are, like many dumbbells at the current time, out of stock. Many people have turned to strength training in their homes, which has led to a lack of available equipment.

Read More

What to watch for when the Fed meets Wednesday

Federal Reserve Chairman Jerome Powell must thread the needle in the coming days.

On the one hand, the economy seems to be stumbling as the year draws to a close given the alarming spread of the coronavirus across the entire country.

On the other, economic activity is expected to recover sometime next spring or summer as COVID-19 vaccines become widely available.

Should the Fed take any more action to help the economy bridge the pandemic? Or is the best bet waiting for more economic relief from Congress? Washington lawmakers seem tantalizingly close to a deal by the end of the week, yet it could be another false dawn for a fifth round of COVID-19 fiscal relief.

Despite the twists and turns of the soap opera centered on COVID spending, financial market conditions have remained healthy all summer and fall, helped in large measure by the Fed’s purchases of $80 billion

Read More

Smartmatic voting technology company sends legal notices to Fox News and other right-wing media outlets over ‘disinformation campaign’

A voting technology company swept up in baseless conspiracy theories about the 2020 election said on Monday that it had sent legal notices to Fox News and two other right-wing media companies for participating in a “disinformation campaign” aimed at damaging it.

a close up of a sign: NEW YORK, NY - MARCH 20: The News Corp. building on 6th Avenue, home to Fox News, the New York Post and the Wall Street Journal, on March 20, 2019 in New York City, New York. Disney acquired Fox today in a $71.3 million deal. (Photo by Kevin Hagen/Getty Images)

© Kevin Hagen/Getty Images
NEW YORK, NY – MARCH 20: The News Corp. building on 6th Avenue, home to Fox News, the New York Post and the Wall Street Journal, on March 20, 2019 in New York City, New York. Disney acquired Fox today in a $71.3 million deal. (Photo by Kevin Hagen/Getty Images)

The company, Smartmatic, said that Fox News, One America News, and Newsmax have helped spread false and defamatory claims that are not supported by real evidence and could easily have been debunked with basic research.


Load Error

“They have no evidence to support their attacks on Smartmatic because there is no evidence,” Smartmatic chief

Read More

Another high-profile equipment free agent is officially off the market

tommy fleetwood taylormade

Tommy Fleetwood is signing with a deal with TaylorMade for the 2021 season.

Getty Images

New equipment deals won’t go into effect for most pros until the beginning of next year — unless your name is Tommy Fleetwood. The world No. 17 was unveiled as the newest member of TaylorMade’s staff in a lighthearted teaser video posted on the equipment manufacturer’s social media channels on Monday.

Without an equipment contract in place, Fleetwood didn’t have to wait until Jan. 1 for his deal to become official. Fleetwood is the latest high-profile equipment free agent to sign a deal after playing the last four-plus years without a club contract.

The sight of Fleetwood and TaylorMade linking up shouldn’t come as a surprise to those who follow the gear industry.

The Englishman was the first pro to use a custom set of custom TaylorMade P7TW irons

Read More

Boeing inspecting 787 fuselages for previously disclosed defects

Workers assemble Boeing 787 Dreamliners, the wide-body twin-engine jets made by Boeing Commercial Airplanes at the Boeing Everett Factory in Everett, Washington.

Patrick T. Fallon | Bloomberg | Getty Images

Boeing quality inspections related to previously disclosed production flaws in its 787 Dreamliner found the same issue in other parts of the jet, the company said on Monday.

Boeing said earlier this month that inspections for 787 production flaws were taking longer than expected, hampering the U.S. planemaker’s ability to deliver jets to customers through December.

On Monday, Boeing added that inspections of assembled 787 aircraft found that some areas where fuselage segments are joined were potentially not as smooth as required. The engineering specifications at issue are roughly equivalent to the width of a human hair, the company noted.

Boeing also said the problem does not pose an imminent safety hazard.

The specific reason behind the broader quality-control checks,

Read More

Retailers’ best e-commerce asset may be their brick-and-mortar stores

Dive Brief:

  • In yet another trend accelerated by the pandemic, BOPIS services have surged, with 40% of retailers now offering the service, compared to just a quarter last year, according to an emailed report from omnichannel platform NewStore. More than half (55%) offer in-store returns of online purchases, the firm found.

  • In part thanks to the expansion of Google My Business, smaller retailers are increasingly offering such services, with about 40% of online purchases picked up at local stores, according to omnichannel firm Uberall.

  • Growth in such services has spiked 75% year over year, with BOPIS growth at Walmart and Target outpacing their robust online sales growth, according to 1010data. The trend is fueled in part by concerns about timely holiday fulfillment on the part of just over half of U.S. consumers, according to marketplace platform Feedvisor.

Dive Insight:

The pandemic has obviously fueled e-commerce. During May, a period

Read More