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Procure-To-Pay’s Tax Conundrum

PYMNTS

One of the largest challenges for procurement chiefs today, according to Sovos VP of Strategy Christiaan Van Der Valk, is tax compliance, and it can easily trip up organizations as regulations become more complex — and as regulators’ strategies to ensure tax compliance become more sophisticated.

Taxes 139
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New Digital Taxes Loom On Tech Firms In Europe

PYMNTS

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.

Taxes 130
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Report: The Risky Business Of Navigating Online Sales Tax For Merchants

PYMNTS

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Levy laws can vary widely between states, with one state taxing a product that another does not, for example. There are already more than 2.5

Taxes 133
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Labour can’t properly rebuild our economy outside the single market | Brief letters

TheGuardian

If the UK does not rejoin the EU, or at least the single market, Labour can never achieve the growth required to rebuild our economy and fund the restoration of our public services. Most universities are in a parlous position, many having to cut staff, courses and resources.

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ABA Backs Legislation to Extend New Markets Tax Credit

ABA Community Banking

ABA supports bipartisan New Markets Tax Credit Extension Act. “By By making NMTC permanent, our nation’s small businesses, investors and community development professionals will have access to the vital resources needed to improve our nation’s communities while generating long-term economic growth,” ABA said.

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Avoiding the crushing sound of tax season

Abrigo

“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.

Taxes 150
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Bitcoin And The Bitter Tax Bite

PYMNTS

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. Both are not optimal mediums.

Bitcoin 123