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Revealed: Barclays avoids almost £2bn in tax via Luxembourg scheme

TheGuardian

Exclusive: Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years Barclays has avoided nearly £2bn in tax via a lucrative arrangement in Luxembourg that allowed it to pay less than 1% on profits in the tax haven for more than a decade. Continue reading.

Taxes 98
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SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

Taxes 193
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Albania Rolling Out E-Invoicing System To Ensure Tax Compliance

PYMNTS

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

Taxes 116
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How Smarter Payment Tools Make Filing Taxes Less Taxing

PYMNTS

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
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Vacationing? Take along this book for accountants, valuation pros

Abrigo

Sageworks recently published Next-Level Accountants: Your guide to growing a firm of trusted advisors , a book that brings together many of the accounting and valuation professions’ top thought leaders to provide practical strategies to help firms continue to add value beyond their technical skills.

Strategy 150
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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116
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Why AP Management For SMBs Is More Than Making A Payment

PYMNTS

Middle market companies need help navigating the complexities of accounts payable management, especially when it comes to cross-border, cross-currency payments. Tipalti CEO Chen Amit told Karen Webster a holistic approach has helped his firm grow bookings by triple-digit percentages. In business, process is as important as payments.