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. Abra, which works by letting users bet on price movements of listed U.S.

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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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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. SMBs And Manual Tax Frustrations. Digitizing these processes can ease SMBs’ tax frustrations. Taxes And The Automation Benefit.

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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. 1 from 8 percent.

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Taxes Security National Industry 130

PYMNTS

SEPTEMBER 16, 2019

The tool’s purpose is to simplify the difficult EIN acquisition process to create a separate tax infrastructure for the business. In layman’s terms, an EIN is like a business’ Social Security number; the Internal Revenue Service (IRS) uses it to help identify businesses when it comes to tax issues.

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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.

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Taxes blockchain Data Report 141

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

Payments Source

APRIL 11, 2019

Tax-related identity theft can be especially worrisome, not only for the monetary consequences it carries, but tax documents often contain highly sensitive information, like Social Security numbers, writes Paige Schaffer, president and COO of Generali Global Assistance’s Identity and Digital Protection Services Global Unit.

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Taxes Security Fraud Innovation 69

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

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.

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Taxes Bitcoin cryptocurrency New York 160

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. Jackson Jr.,

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Bitcoin Taxes New Hampshire Payments 184

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.

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Taxes Security Survey Online 100

PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. During the first tax season in which crypto payments were an option for Ohio companies, only two businesses in the state actually used cryptocurrency to do so. According to Good Audience , hundreds of thousands of retailers currently accept cryptocurrency.

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Taxes Ohio cryptocurrency Payments 145

PYMNTS

NOVEMBER 14, 2018

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. A spokesperson told TNW , “Arket has done a small Proof of Concept (POC) through a pilot testing with VeChain to use blockchain technology to secure product data traceability in the value chain.”

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Bitcoin Taxes blockchain ATM 174

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

Payments Dive

APRIL 10, 2020

The Coronavirus Aid, Relief and Economic Security Act signed into law at the end of March provides new loan programs that vary depending on a company's size, in addition to new unemployment and tax benefits.

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Taxes Security Company 432

BankBazaar

OCTOBER 1, 2022

Additional Reading: A Millennial’s Guide To Tax-Saving Investments. NPS is an easily accessible and portable retirement savings instrument that is low cost and tax efficient. As per the 1961 Income Tax Act, NPS offers tax benefits of up to Rs. What are the income tax benefits available to individuals contributing to NPS?

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Taxes Policies National Management 78

PYMNTS

APRIL 18, 2017

Tax season, that is. Curious to know how your taxes stacked up? million tax returns last year, some 88 percent of which were filed electronically. trillion in adjusted gross income — meaning a total tax liability of $1.52 percent federal tax rate. This means that federal income tax paid in 2015 averaged to $14,654.

Taxes 100

Taxes New Hampshire Tennessee Analytics 100

TrustBank

AUGUST 1, 2023

The SECURE Act 2.0 If you recall, the original SECURE Act (Setting Every Community Up for Retirement Enhancement) was passed in 2019, but it needed some changes and add-on’s. The general idea of the SECURE Acts was to get people saving more for their retirement since the days of pensions are fading in the rear-view mirror.

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Security Taxes Washington Course 52

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

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

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments. I think this is a problem that requires a lot of solutions and a lot of layers of security.

Taxes 100

Taxes Bitcoin blockchain Seattle 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

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 shift toward stronger authentication comes as tax season increasingly becomes the biggest holiday of the year for fraudsters. Magee, commissioner of the ADR.

Alabama 101

Alabama Taxes Fraud Florida 101

PYMNTS

JANUARY 15, 2021

In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options. Retail Environment.

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Retail Security Payments United States 207

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. But that’s not all.

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Taxes Fraud Risk Management Data 144

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.

Taxes 170

Taxes Guidelines Maine Regional 170

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

APRIL 10, 2020

Treasury to assist people who don’t typically file taxes. . Users must also have a valid Social Security number. . The IRS said that the majority of people who filed taxes for 2018 or 2019 will automatically get Economic Impact Payments starting next week. Using the tool does not result in any taxes being owed. .

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Taxes Tools Security Payments 363

PYMNTS

FEBRUARY 23, 2017

That day is when the IRS hands out tax refund checks from the previous year’s tax filing. Research conducted by the National Retail Federation (NRF) and Prosper Insights & Analytics paints a much different picture for this year’s tax refund spending — or, in this case, not spending — activities. Not this year.

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Taxes Survey Analytics National 100

PopularBank

MARCH 29, 2022

Last month, we talked about how to prepare for tax season. If you’re one of the 16 million workers who identify as self-employed , here are our tax deduction tips for small businesses to help you navigate ?ling If you worked from home in 2021 don’t miss these potential tax deduction tips. Drive tax deductions with your vehicle.

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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. And even Bill Gates suggested earlier this year that a robot tax could slow down automation and give people time to prepare.

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San Francisco Taxes San Jose United States 108

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 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

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National Security cryptocurrency US 187

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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Taxes Fraud Cards Online 52

PYMNTS

MARCH 12, 2020

Meanwhile, as the tax authority in Australia puts digital currency traders in its sights, many people in the country will get a warning in the following weeks from the Australian Taxation Office (ATO), news.com.au Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

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Security Bitcoin Taxes United States 130

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