PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. .” And, the U.S.

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Taxes Bitcoin Capital cryptocurrency 170

PYMNTS

MARCH 13, 2020

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. tax code changes passed in 2017 did not soothe these frictions, either, as they shifted income brackets and altered rates, affecting consumers’ refunds and earnings.

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Millennials Taxes Innovation Operations 160

PYMNTS

NOVEMBER 14, 2018

As the saying goes, nothing in life is certain but death and taxes. To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning. Bread By Blockchain.

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Taxes blockchain Data Report 141

PYMNTS

FEBRUARY 18, 2020

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. A dip in private consumption was blamed on the hike in the national sales tax to 10 percent on Oct. percent contraction.

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Taxes Security National Industry 130

PYMNTS

AUGUST 12, 2020

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. Because of the new campaign, Petro’s usage has seen a surge in recent days, according to the report. Vice President Delcy Rodriguez said the new rules would simplify payments.

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Taxes Bitcoin cryptocurrency New York 160

PYMNTS

NOVEMBER 14, 2018

Arket , a brand of H&M , is piloting a blockchain product integration with the help of VeChain, TheNextWeb reported. While the brand did not tell the outlet where it was using the implementation, it did say that was using the solution to securely track product data. million at the time.)

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Bitcoin Taxes blockchain ATM 174

PYMNTS

OCTOBER 1, 2019

Japan has introduced a system of cash-back rewards points in response to increasing the consumption tax from 8 percent to 10 percent. The new system — which rebates the tax increase in some stores when paying with a card rather than cash — will run until June 2020. While there were some system problems reported on Tuesday (Oct.

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Taxes System Security Retail 101

PYMNTS

APRIL 4, 2018

In their place has risen a new system of exchanging funds that have made payments faster, more efficient, more secure and, above all, smarter. They often use APIs, include heightened security measures, are flexible and capable of finding the most appropriate payment rails, and use models that maximize the payment value.

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PYMNTS

FEBRUARY 10, 2019

Securities and Exchange Commission (SEC) believes one will eventually win approval. In other news, New Hampshire is considering a law that would allow residents to pay their taxes with cryptocurrency. CoinDesk reported that NH House Bill 470 would allow state agencies to accept digital currency for tax payments.

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Bitcoin Taxes New Hampshire Payments 184

PYMNTS

JANUARY 22, 2020

Big Tech, too, of course, and digital taxes. Separately, IBM CEO Ginni Rometty told CNBC from Davos that artificial intelligence should be subject to “precision regulation … you want to have innovation flourish and you’ve got to balance that with security.” And Digital Taxes. have been considering or embracing digital taxes.

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PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. The Cambridge Centre for Alternative Finance released a study last year, finding a sharp increase in the onboarding of new cryptocurrency users, rising from 18 million at the end of 2017 to 35 million at the end of 2018, Invest in Blockchain reports said.

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Taxes Ohio cryptocurrency Payments 145

PYMNTS

MARCH 14, 2016

Hence the revelation by the Online Trust Alliance (OTA) that almost half of 13 “free” E-File tax sites recommended by the IRS fail OTA’s rigorous security testing. The sites were scored in three categories: consumer protection, site security and privacy, with 100 points possible in every category.

Taxes 100

Taxes Security Survey Online 100

PYMNTS

NOVEMBER 11, 2019

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101

Taxes Missouri Payments National 101

PYMNTS

AUGUST 29, 2019

Reuters is reporting that the tax agency said it was going to appeal the decision. Two senior IT specialists were fired, and no public report has been released in terms of the agency’s security systems. The National Revenue Agency (NRA) in Bulgaria was fined 5.1 million levs ($2.9 They deny that they did anything wrong.

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Taxes Data Study System 102

PYMNTS

AUGUST 24, 2018

Electronic payments company ACI Worldwide is integrating its technologies with SPAN Enterprises , a tax filing technology provider, to power tax payments for the fleet industry. A press release issued Thursday (Aug. ” Other payment service providers have targeted the fleet industry in recent months, too. ”

Taxes 100

Taxes Payments Cards Industry 100

PYMNTS

AUGUST 13, 2018

Tax policy. The move to grab billions of dollars in holdings amid wild speculation has come against a backdrop where tax policy remains unsure. The upshot may be taxes owed, or penalties looming … or both. You can’t tax something – a least not easily – without defining what is being taxed. A currency?

Taxes 100

Taxes Policies cryptocurrency Guidelines 100

PYMNTS

MARCH 12, 2020

The founder of IOTA is repaying victims of a wallet hack earlier this year to “preserve” the runway of his endeavor, CoinDesk reported. Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

Security 130

Security Bitcoin Taxes United States 130

PYMNTS

APRIL 18, 2019

A new technology protocol announced by corporate accounting and auditing firm Ernst & Young (EY) aims to secure transactions made over public Ethereum blockchain. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

blockchain 167

blockchain Security Tools Taxes 167

PYMNTS

JULY 8, 2019

Australian small business cloud accounting company MYOB was managing a system glitch last week after it confirmed hundreds of payroll reports known as group certificates or payment summaries were sent to the wrong recipients.

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Report System Taxes Groups 148

PYMNTS

SEPTEMBER 5, 2017

With a growing number of automated machines performing jobs and tasks that could eliminate jobs, one San Francisco official is pushing a statewide “tax” in California on robots that put people out of work. Still, a recent report found that 9 percent of jobs in the United States — or about 13 million — could be automated.

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San Francisco Taxes San Jose United States 108

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. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total.

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Taxes Fraud Risk Management Data 144

PYMNTS

AUGUST 13, 2018

Tax policy. The move to grab billions of dollars in holdings amid wild speculation has come against a backdrop where tax policy remains unsure. The upshot may be taxes owed, or penalties looming…or both. You can’t tax something – a least not easily – without defining what is being taxed. A currency?

Taxes 100

Taxes Policies cryptocurrency Guidelines 100

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. There were about 11.5

Taxes 129

Taxes United States Report Company 129

Abrigo

JULY 20, 2017

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. The annual report features Sageworks as a credit risk software vendor alongside global technology and financial leaders SAS and UBS Delta. The products featured in the report include: · Credit Analysis. Loan Administration.

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Software Report United States Compliance 150

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The update to the FACE offering comes 19 months after the offering debuted, the report stated.

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Taxes Compliance Software Fraud 178

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.

Taxes 52

Taxes Fraud Cards Online 52

FICO

MARCH 8, 2021

This year the Internal Revenue Service (IRS) will start accepting 2020 tax returns on February 12 , about two weeks later than usual. That’s positive news—because you definitely want to file your tax return as soon as possible, particularly if you’re claiming a refund. How do fraudsters commit tax refund fraud? File early.

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Taxes Fraud Security Cards 52

PYMNTS

JANUARY 26, 2018

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. Easy come, easy go, in crypto-driven enrichment.

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Bitcoin Taxes cryptocurrency Regulation 123

MyBankTracker

MAY 20, 2020

That is, it can feel like a windfall of cash – until, that is, you realize you need to report taxes on the interest earned. Still, while the tax part may not be loads of fun, it’s always nice to end up with some unexpected cash. Tax Implications. savings bonds – and taxes. Cashing in a U.S.

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Taxes How To Report Course 52

PYMNTS

MARCH 13, 2017

Good news is ahead for those suffering from low FICO scores — according to reports this morning, civil judgements and tax liens will by and large be coming off of consumer credit reports. The change will apply to new tax lien and civil judgment data that are added to credit reports as well as existing data on the reports.

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Report Data Taxes New York 111

PYMNTS

AUGUST 20, 2019

Instagram is inviting a group of security researchers known as white hat hackers to stress-test its Checkout feature before it launches outside the United States. Instagram is a place for people to treat themselves with inspiration, not a place to tax themselves with errands. The rewards can go up to $40,000 per case.

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Security social media United States Taxes 116

PYMNTS

JULY 1, 2020

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. Macy’s said it had net sales of just over $3 billion, as reported in the past, and adjusted diluted loss per share of $2.03. Macy’s Inc. recognized a $3.1

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Taxes Retail Maine Regional 232

PYMNTS

JANUARY 18, 2021

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. Reports in The Wall Street Journal said the latest pandemic relief package allocates $284 billion in PPP loans for small businesses. Homeland Security investigators.

Community 219

Community Fraud Taxes Massachusetts 219

PYMNTS

NOVEMBER 30, 2020

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Knutson explained how the virtual debit card space is evolving to support eCommerce and detailed what goes into a secure yet speedy virtual card application process. Streamlining Onboarding Security.

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Cards Security ATM Data 151

PYMNTS

MAY 2, 2016

The Internal Revenue Service has estimated that the business of tax evasion is a costly one for the government. Tax cheats cost the government as much as $458 billion annually, according to data tabulated between 2008 and 2010. As noted by Fortune , public awareness over tax evasion has been heightened.

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Taxes US United States Fraud 100

PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form.

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Taxes blockchain Bitcoin social media 109