PYMNTS

JANUARY 29, 2020

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. Such tools can automatically categorize necessary information from receipts and reports, significantly cutting down on the $26.63

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CFPB Monitor

SEPTEMBER 20, 2021

The proposal is purportedly designed as a means to crack down on tax evasion by wealthy taxpayers, but the $600 threshold would reach almost all Americans with a traditional bank account. The Infrastructure Investment and Jobs Act (H.R.

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PYMNTS

MARCH 12, 2020

The joys of tax season: complex paperwork, long wait times and check disbursements. Many United States consumers are still reliant on paper checks when it comes to receiving their tax refunds, which represents the largest sum of money many of them will receive at one point during the fiscal year.

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PYMNTS

JANUARY 21, 2020

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.

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PYMNTS

FEBRUARY 16, 2020

Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is not OK, Broker News reported Friday (Feb. 13) that SMBs will soon face new risks for holding off on tax payments and using the Australia Tax Office (ATO) “as a bank.”.

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PYMNTS

FEBRUARY 24, 2020

Tax season is upon U.S. In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Indeed, tax season isn’t the only threat hitting SMBs, either.

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BankBazaar

APRIL 15, 2021

As per tax rules, you should make investment declarations to both your employers – your previous as well as your current. Likewise, you will need to submit the same investment proofs to your new employer by including this information in Form 12B that you may have to submit to the latter at the time of joining. .

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PYMNTS

NOVEMBER 16, 2018

Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. based Instafile to integrate its cloud-based tax preparation and filing solution. The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance.

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PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales. Health Records and Google.

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PYMNTS

AUGUST 7, 2019

And it pointed out that the lack of hard transaction information that encompasses off- and on-chain activity makes for a partial view of the market for digital assets. Ted Budd (NC) has reintroduced the Virtual Value Tax Fix Act, Coindesk reported. The bill comes after other legislation for digital currency before Congress.

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PYMNTS

AUGUST 15, 2019

The Internal Revenue Service has issued another warning to cryptocurrency investors with federal returns that don’t match the information received from virtual currency exchanges. Bloomberg reported that in letters to the investors, the agency did acknowledge that the trading exchanges may have made the errors.

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PYMNTS

OCTOBER 19, 2020

The new regulations would also reshape the manner in which these companies collect and harness information. 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. . France Will Proceed With Controversial Digital Services Tax Plan.

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TrustBank

DECEMBER 15, 2022

You may recall that in 2021 Washington state passed legislation to implement a 7% capital gains tax on certain asset sales, with the tax applying to profits that exceed $250,000. The assets subject to this tax are, in general, stocks, bonds, business interests, and tangible property, but not real estate.

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PYMNTS

MAY 6, 2019

The West Virginia State Auditor’ s office has announced a new tax program aimed at vendors who owe the state money. This process is designed to insure the State is not paying vendors who are not paying their taxes. The program will prevent vendors who owe the state money from being payed.

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PYMNTS

MARCH 10, 2017

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. Cybercriminals aren’t always going to go after credit card information, because they don’t have to.

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PYMNTS

JULY 31, 2019

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.

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PYMNTS

MAY 28, 2020

South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. Though not much information is currently available, the new rules could impose restrictions on profitable sales of cryptocurrency and revenues gleaned from national crypto-mining projects, according to Cointelegraph.

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PopularBank

APRIL 6, 2022

Tax season is quickly coming up — April 18 for most taxpayers (with an extension until October 15 if you need it). This means it’s also high season for scammers who may try to grab your personal information online to use not just at tax time, but at any time. Choose your tax preparer wisely. Be aware of phishing scams.

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PYMNTS

NOVEMBER 14, 2019

New Jersey’s Department of Labor and Workforce Development claims that Uber owes the state around $650 million in unemployment and disability insurance taxes because it has been wrongly classifying its drivers as independent contractors.

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Abrigo

OCTOBER 28, 2015

Likewise, accountants each year experience a tax season that requires detailed planning and precise execution. One way to organize those efforts as tax season approaches is to think of your planning in terms of three general areas: capacity, communication and conclusion.

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Taxes Meeting Software Examples 150

Abrigo

APRIL 6, 2016

“The hardest thing in the world to understand is the income tax.” Albert Einstein We could list many other amusing quotes about taxes and tax season. Tax season, as accounting firms know, is not just busy. Unless you intend to leave the firm, you're on board for taking care of whatever business tax season brings your way.

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PYMNTS

AUGUST 29, 2019

million) by the country’s data-protection agency over a data breach that compromised the personal information of almost every adult in the country. Reuters is reporting that the tax agency said it was going to appeal the decision. The National Revenue Agency (NRA) in Bulgaria was fined 5.1 million levs ($2.9

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Taxes Data Study System 102

Abrigo

OCTOBER 21, 2015

Every year, accountants brace themselves for the inevitable tax season. For many accountants, unfortunately, tax season means that lucrative consulting work that can diversify revenue and bolster firm growth throughout the year gets put on hold in order to handle the mountains of personal and business tax returns.

Taxes 150

Taxes Capital Meeting Analysis 150

PYMNTS

SEPTEMBER 8, 2020

Big Tech Updates Fees to Reflect UK Digital Services Tax. Apple announced upcoming tax changes for apps and in-app purchases to include tax law changes in the U.K. digital services tax on to consumers in addition to an existing 20 percent value-added tax. customer charges to cover the new tax.

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BankBazaar

MAY 23, 2020

A notice from the Income Tax department can be quite unnerving. Have you ever thought why the Income Tax Department sends out tax notices? These are crucial if you really want to understand everything about tax returns. These are crucial if you really want to understand everything about tax returns. Don’t worry!

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PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. Google Raises Specter of Making Search Inaccessible in Australia.

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Taxes Google Compliance Apple 141

PYMNTS

MARCH 16, 2018

Reuters reported news on Friday (March 16) that big players in the tech space that get a significant portion of their top line from digital activities — think Google and Facebook, for example — may face a tax from the European Union (EU) as high as 3 percent of turnover. The services subject to taxation include digital advertising (Google).

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Taxes Google Policies Examples 108

PYMNTS

APRIL 10, 2020

TurboTax , the online tax preparation service, has said it is launching a free stimulus registration system to help people who don’t need to file a tax return. Approximately 10 million people in the country don’t have to file taxes, and roughly 80 percent can receive a stimulus check. .

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Taxes Tools Payments Los Angeles 216

Perficient

DECEMBER 1, 2022

Tax season was approaching, and Jane, a Financial Advisor employed by Faux Advisors Group, wanted to target clients and prospects that would benefit from using tax-aware asset allocation (moving high-yield assets to a tax-deferred or exempt account to help decrease taxable income).

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PYMNTS

APRIL 10, 2020

Treasury to assist people who don’t typically file taxes. . People who don’t have a return filing obligation can use this tool to give us basic information so they can receive their Economic Impact Payments as soon as possible,” Chuck Rettig, IRS commissioner, said in a statement on Friday (April 10).

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Taxes Tools Security Payments 363

Abrigo

NOVEMBER 12, 2015

Hectic schedules and an immense workload often prevent accountants from fulfilling their role as a trusted advisor during tax season. Though strategic planning for clients must be put on hold during these times, there are things your firm can do to construct its business planning around tax season and open the door to firm growth.

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Taxes How To Marketing 150

Abrigo

NOVEMBER 25, 2014

For some accountants, tax and audit services are attractive for the recurring revenue streams and steady client base they provide. CPAs providing tax services, especially, should find that offering valuation services is an attractive way to not only retain those clients but to also generate new revenue from these existing clients.

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Taxes Guidelines Maine Regional 170

PYMNTS

NOVEMBER 29, 2018

Federal authorities in Germany raided six offices of Deutsche Bank on Thursday morning (November 29), searching for evidence about money laundering and offshore tax havens, according to a report by The Wall Street Journal. The searches could very well continue into Friday, authorities said.

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PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns. Singapore, Germany and Hong Kong.

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Taxes Data Lending Analysis 108

PYMNTS

APRIL 12, 2017

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. The app compares this information against the driver’s license database record. The company recently announced a partnership with the Alabama Department of Revenue (ADR).

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Alabama Taxes Fraud Florida 101

PYMNTS

FEBRUARY 12, 2019

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. The group is asking a parliamentary panel on information technology to investigate the tech giants.

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South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

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