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Aussie Tax Reg: Cash-Only SMBs Dodging Taxes

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The Australian government is preparing a strategy to combat tax dodging among small businesses amounting to an estimated $11 billion in missing tax payments, News.com.au billion small business “tax gap” — the difference between income tax collected and what small businesses actually owed. reported Monday (Aug.

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New Mexico Lawsuit Sparks Marijuana Business Tax Debate

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Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only basis. A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code.

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Death And Taxes: One Is Becoming Much More Digital

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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.

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Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season

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businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs And Manual Tax Frustrations. Digitizing these processes can ease SMBs’ tax frustrations. Taxes And The Automation Benefit.

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Intel Unit Case Could Mean Billions In Taxes For Big Tech

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A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. billion tax expense due to the case, and Alphabet turned around on a $418 million benefit. Facebook disclosed a $1.1

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Bitcoin Daily: Majority Of Top 50 Colleges Offer Crypto Courses; Crypto Trading Will Not Be Taxed In Portugal

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In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country. Coin Telegraph reported that the confirmation follows a previous tax ruling by the regulator that cryptos should not be taxed in Portugal.

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Sage Sells Off US Payroll Operations In Cloud Push

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Sage first entered the payroll market in 2015 with the launch of the Sage Payroll Center , enabling its small business accountant users to introduce payroll services for their own business clients. However, the company has been investing more into its cloud operations as of late. million profit upon completion, reports said.