PYMNTS

DECEMBER 7, 2018

KPMG is taking further steps into the small business financial services world with a new tax and accounting solution for SMBs, the company announced Thursday (Dec. KPMG’s latest launch is timely, considering the upcoming tax season as well as the latest tax law overhauls in the U.S. LeSage, in a statement.

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Taxes Compliance Tools America 147

PYMNTS

MARCH 13, 2020

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. tax code changes passed in 2017 did not soothe these frictions, either, as they shifted income brackets and altered rates, affecting consumers’ refunds and earnings.

Millennials 160

Millennials Taxes Innovation Operations 160

PYMNTS

MARCH 15, 2019

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tackling Tax.

Taxes 193

Taxes South Dakota Software Survey 193

PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

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Taxes Online Policies Philadelphia 132

PYMNTS

JUNE 10, 2020

Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the years on a global stage — and it’s only going to increase. The software industry is changing, too. We expect that number to continue to go up in the years to come.”.

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Taxes South Dakota Software Compliance 131

PYMNTS

JANUARY 3, 2019

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. state to offer this way of paying for business taxes, noted Overstock in the press release. “We Overstock , the online retailer and blockchain company, announced Thursday (Jan.

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Ohio Taxes Bitcoin cryptocurrency 177

PYMNTS

JULY 15, 2020

The National Restaurant Association has issued a Blueprint for Restaurant Revival to help stabilize and stimulate the industry, including funding for restaurants and at-risk communities in need of help, according to a press release.

Industry 170

Industry Taxes National Community 170

PYMNTS

JANUARY 15, 2019

Bitcoin investors took a massive hit in 2018 – and, according to personal finance company Credit Karma, most of them don’t realize they can write off the losses on their tax returns. According to a report in MarketWatch , citing Jagjit Chawla, general manager of tax at Credit Karma, U.S. investors lost $1.7

Taxes 179

Taxes Bitcoin cryptocurrency Survey 179

PYMNTS

JUNE 22, 2020

One of the measures being explored to help offset the economic damage of the pandemic is the Explore America Tax Credit, which would incentivize Americans to visit new places to help boost the travel and tourism industry, USA Today reports. So the questions are still lingering: Will there be income limits on the new credits?

Taxes 132

Taxes America Training Report 132

PYMNTS

MARCH 6, 2019

EY announced in a press release this week that its new crypto accounting tool targets the tax preparation process. The CAAT solution automates data collection and automatically generates reports for visibility and analytics, while supporting IRS tax return preparation.

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Taxes cryptocurrency blockchain Tools 139

PYMNTS

NOVEMBER 20, 2019

Food delivery services like Grubhub need to charge more for sales tax and aren’t doing so, according to company CEO Matt Maloney. Those numbers mean tens of millions of dollars in terms of taxes, but customers have noticed that different services charge different amounts, and uniformity is rare. The sector is projected to receive $10.4

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Taxes Pennsylvania Texas New York 101

PYMNTS

FEBRUARY 18, 2020

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. A dip in private consumption was blamed on the hike in the national sales tax to 10 percent on Oct. percent contraction. 1 from 8 percent.

Taxes 130

Taxes Security National Industry 130

PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets.

Taxes 170

Taxes Bitcoin Capital cryptocurrency 170

PYMNTS

JANUARY 6, 2020

As 2020 dawns, regulators are continuing to focus on taxes and possible anti-competitive behavior on the part of tech’s marquee names. One continuing theme that will play out into the new year (and well beyond): taxes. The tax took effect at the beginning of this year. government’s investigation into industry regulations.

Taxes 131

Taxes Regulation Samsung Google 131

TheGuardian

OCTOBER 20, 2021

Chancellor said to be planning to slash corporation tax surcharge from 8% to 3% from April 2023 Rishi Sunak is preparing to announce a tax cut for Britain’s biggest banks at next week’s budget to maintain the competitiveness of the City of London after Brexit, according to reports, despite plans to raise taxes on workers.

Taxes 99

Taxes Report Industry 99

PYMNTS

NOVEMBER 14, 2018

As the saying goes, nothing in life is certain but death and taxes. To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning.

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Taxes blockchain Data Report 141

American Banker

MAY 30, 2024

In the District of Columbia, a bank group is calling for exit fees on banks selling to tax-exempt credit unions. Gesa Credit Union in Washington agreed to acquire a 103-year-old community bank in Centralia, as it eyes opportunities for additional growth in the Pacific Northwest.

District of Columbia 54

District of Columbia Groups Industry Washington 54

PYMNTS

AUGUST 24, 2018

Electronic payments company ACI Worldwide is integrating its technologies with SPAN Enterprises , a tax filing technology provider, to power tax payments for the fleet industry. ” Other payment service providers have targeted the fleet industry in recent months, too. .” A press release issued Thursday (Aug.

Taxes 100

Taxes Payments Cards Industry 100

PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. During the first tax season in which crypto payments were an option for Ohio companies, only two businesses in the state actually used cryptocurrency to do so. Some industry innovators are looking to drive change, however.

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Taxes Ohio cryptocurrency Payments 145

PYMNTS

MARCH 4, 2019

In a move that could negatively impact high-frequency traders, Democrats are bringing forward a plan to tax stock, derivative and bond deals. Peter DeFazio (D-OR) is spearheading the “Wall Street Tax Act of 2019” bill, with U.S. Alexandria Ocasio-Cortez (D-NY) as its lead co-sponsor, CNBC reported.

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Taxes Michigan Leadership California 130

PYMNTS

JANUARY 11, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments around the world. US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. US Trade Representative Halts Plan To Tax $1.3 The USTR is suspending an initiative to tax $1.3

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Taxes US Compliance social media 132

PYMNTS

APRIL 5, 2018

Filing taxes is hardly a walk in the park. Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. The average federal tax refund is $2,960 — $3,091 for direct deposit filers — as of March 2018.

Taxes 100

Taxes Tools Payments Cards 100

PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

Taxes 120

Taxes Payments Report System 120

TheGuardian

SEPTEMBER 22, 2022

Figures compiled by House of Commons Library measure impact of freezing corporation tax and cutting banking surcharge Liz Truss’s government has been criticised for lining up tax cuts that will help big banks and insurers save more than £6bn over the next two years.

Taxes 98

Taxes Study Industry 98

PYMNTS

FEBRUARY 25, 2020

New Zealand is considering changes to its treatment of cryptocurrencies, including dropping a tax on goods and services that many people are unhappy with, according to CoinDesk. The goods and services tax (GST) is unpopular with some. That means a “double tax” could later be applied with income tax, after the coin has changed hands.

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Taxes Bitcoin Operations cryptocurrency 141

PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

Taxes 122

Taxes Lending National New York 122

PYMNTS

JULY 24, 2017

The retail industry is going through a rough transformation. Aside from the eCommerce overload, retailers from across the board have been showing increased amounts of concern over a potential new border adjustment tax (BAT) proposed by U.S. We’re seeing big-box retailers like J.C. Paul Ryan (R-Wis.),

Taxes 108

Taxes Retail Industry Washington 108

PYMNTS

OCTOBER 19, 2020

Here’s the latest news from Amazon and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. OECD’s Tax Reform To Be Presented To G20. The OECD forecasted that the measures could bring in a further $100 billion in business tax revenues each year. .

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

OCTOBER 31, 2018

and lobbyists who contend a new tax on some of the world’s biggest internet companies would create what is seen as a dangerous precedent. Chamber of Commerce — lobbyists and lawmakers, Donohue and others think the tax would target big American technology companies unfairly. announced it was aiming to lodge a 2 percent tax on the U.K.-generated

Taxes 122

Taxes Company social media Google 122

PYMNTS

SEPTEMBER 27, 2019

Countries around the globe are launching new digital sales taxes in efforts to improve their revenue streams and create more balanced business environments for domestic brick-and-mortars and foreign eCommerce marketplaces. Around the Next-Gen Sales Tax world. in response, threatened a variety of retaliatory taxes.

Taxes 109

Taxes Trends Policies Compliance 109

PYMNTS

NOVEMBER 11, 2019

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101

Taxes Missouri Payments National 101

PYMNTS

FEBRUARY 22, 2018

Credit unions took a stand against state bank associations this week over the credit union exemption from federal taxes. “We The response came after 52 state bankers’ associations sent their own letter to Hatch, encouraging him to continue his tough stance on the credit union federal tax exempt status.

Taxes 101

Taxes National Industry Regulation 101

PYMNTS

NOVEMBER 16, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments and consumers around the world. Group Seeks to Block Maryland Online Advertising Tax. Maryland legislators ratified the tax earlier in 2020, but Gov. Regulation. Tencent: Big Tech Firms Need Greater Oversight.

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Maryland Taxes Online Groups 151

PYMNTS

NOVEMBER 30, 2020

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from legislators and government agencies throughout the world. The French Finance Ministry has told Big Tech firms that the Digital Service Tax is now due, PYMNTS reported, citing Reuters. Chicago Alderman Proposes Tax on Deliveries.

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Taxes Chicago Compliance Apple 130

PYMNTS

NOVEMBER 6, 2018

France is plowing ahead with its vision for a European Union-wide digital tax, with the country’s Finance Minister Bruno Le Maire saying he wants the tax approved by the end of 2018. According to the report, some member states think the tax would hurt smaller countries, or potentially some of the more traditional industries.

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Taxes Google Apple Regional 122

PYMNTS

JULY 30, 2020

Retail industry trade leadership likes what it sees from Washington so far. These important steps will continue progress toward sustaining the reopening of the economy. A consortium of trade groups expressed support for the liability provisions in the bill, including the RILA.

Retail 145

Retail Industry Groups Guidelines 145

PYMNTS

JANUARY 25, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. . Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . Sources told the outlet that some Big Tech chief executives were mulling sending legal experts on tax and competition.

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Taxes Google Compliance Apple 141