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Big Tech Compliance Tracker: Europe Plans To Release Drafts Of Digital Regulation Legislation; UN Initiative To Tax Big Tech In Developing Nations Gains Momentum

PYMNTS

UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. The United Nation’s Tax Committee of Experts has indicated support for an initiative to assist developing nations in taxing Big Tech, Bloomberg Tax reported on Wednesday (Oct. streaming company to pay taxes, Techwire Asia reported.

Taxes 212
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How to transition your accounting firm from compliance mode to consultant mode

Abrigo

An accountant''s workload is much more than just tax preparation and number crunching. According to a 2014 IBISWorld report, financially-cognizant companies are increasingly turning to their accounting firms for advice on how to reduce inefficiencies in daily operations and eliminate unnecessary costs. Blog Accountant'

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Stopping PPP Fraud

Abrigo

payroll, tax forms) Employee/employer collusion Newly created and/or multiple bank accounts with abnormal transaction activity Consumer accounts rather than business accounts Rapid movement of money in and out of accounts Withdrawals made via cash or apps (i.e., Additional Compliance Checks Required. Fraud Prevention. Fraud Trends.

Fraud 195
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FinCEN AML/CTF Priorities Part 8: Drug Trafficking Organizations

Abrigo

Read our blog series on the FinCEN's priorities. financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.” . As DTOs continue to evolve their money-laundering operations, they will likely remain a FinCEN Priority. Trade-Based Money Laundering.

Training 195
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Identifying Tax Fraud through Social Network Analysis

FICO

Social Network Analysis (SNA) tools hold the potential to help tax and revenue agencies identify non-compliance and tax fraud. These tools have been proven to be effective in fraud detection¹, but to date haven’t been utilized to any large degree at tax agencies. Opportunities for Tax Agencies.

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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

PYMNTS

Because threat actors often get recipients’ emails from password breach lists, they sometimes include passwords to lend authenticity,” Hunter Johnson, Cofense Professional Services at Cofense, wrote in a blog post. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. percent rate. percent rate.

Bitcoin 116
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Starling Bank Marketplace Now Offers QuickBooks

PYMNTS

Online accounting software provider QuickBooks is now part of the Starling Business Marketplace, Starling Bank said in a blog post on Wednesday (Dec. QuickBooks aims to make balancing the books easier for limited companies and sole operators. Unlimited invoices can be sent and car mileage tracked.

Taxes 131