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How tax accountants can provide valuation services

Abrigo

For some accountants, tax and audit services are attractive for the recurring revenue streams and steady client base they provide. Some of those same accountants believe they’re too busy to provide value-added type 2 services such as business valuations, so they refer out their clients who have needs in those areas.

Taxes 170
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Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets

Perficient

Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. Traditional custody services in this context include facilitating the customer’s exchange of crypto assets and fiat currency, transaction settlement, trade execution, recordkeeping, valuation, tax services, and reporting.

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Indictment Names Major Banks In Cum-Ex Case

PYMNTS

A German investigation of Cum-Ex tax deals involves as much as 447.5 Cum-Ex deals, which are no longer allowed, involved taking advantage of a German practice on tax refunds for dividends. When they were in use, an entity paying dividends withheld the tax automatically, but the payment was certified by the shareholder’s bank.

Taxes 108
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Pitfalls of OCR

Abrigo

For banks and credit unions seeking to automate data entry, there are several software options on the market. One of the most common ways to import the data from a tax return into a digital system is to use Optical Character Recognition (OCR) software. This happens when a computer sees an image of a tax return.

Taxes 150
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France Seeks To Fine Amazon For Abusing Its Price Power

PYMNTS

According to new reports, France’s government has filed a formal complaint against Amazon alleging the eCommerce giant has abused its position in the market. The complaint also references Amazon’s ability to suspend contracts at will. The filing follows a two-year investigation by France’s local answer to the CFPB: the DGCCRF.

eBook 102
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Expectations From The Budget 2019

BankBazaar

The salaried-class, especially, hopes against hope that they will get some relief from with respect to Income Tax. The general ask is to either have a higher tax-exemption limit or more tax breaks. Psst… did you know that a Home Loan can help you save on Income Tax? Higher income tax exemption limit. 50,000 in NPS.

Taxes 90
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The Gig Economy Grows Up

PYMNTS

Market forces (and, some would say, unabashed corporate greed) repurposed legions of former full-timers into a virtual army of self-employed free agents. It’s anybody’s guess how gig economy market dynamics will shake out at this point. The Big Gig. In It for the Money .

Software 220