PYMNTS

NOVEMBER 6, 2018

Today’s coverage includes the latest European push to tax such companies as Google, Apple, Facebook and Amazon. France’s Finance Minister Wants EU-Wide Digital Tax By Year End. The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region.

Taxes 108

Taxes New York City Dallas Virginia 108

PYMNTS

SEPTEMBER 1, 2016

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101

Taxes South Carolina Colorado New Jersey 101

PYMNTS

MAY 22, 2020

DCC merchants will not have to pay income tax or corporate tax and will get support services for immigration, healthcare, administration and banking. The proposal is part of The Smart Dubai program, which was launched in 2014 as a government initiative.

Regional 266

Regional Taxes Groups Technology 266

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.

Taxes 100

Taxes Policies cryptocurrency Guidelines 100

PYMNTS

MAY 9, 2018

Direct deposits, new products and tax refunds helped Green Dot beat revenue expectations for the first quarter of 2018. Green Dot’s tax refund business also showed gains. million tax refunds in the first quarter of 2018, a 2 percent increase from the same period — tax season — last year. The company processed 8.75

Taxes 100

Taxes Comparison Conference Branding 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.

Taxes 100

Taxes Policies cryptocurrency Guidelines 100

Abrigo

OCTOBER 9, 2014

We can find answers in the August Bank Director’s 2014 Growth Strategy Survey , which asked executives from banks of all sizes across the United States about their growth strategies for the next 12 months. Source: 2014 Growth Strategy Survey. Source: 2014 Growth Strategy Survey. Source: 2014 Growth Strategy Survey.

Community Bank 236

Community Bank Strategy Community Survey 236

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes generated by the industry grew by nearly 8 percent last year. To date, marijuana tax, license and fee revenue totals for Colorado are over $927 million.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

JANUARY 15, 2021

It also said the bank’s Check Cashing Group admitted that it failed to file thousands of suspicious activity reports (SARs) as well as thousands of Currency Transaction Reports (CTRs) from 2008 to 2014. financial system.”.

Capital 268

Capital New Jersey Groups New York 268

Abrigo

JANUARY 6, 2017

The 2016 National Management of an Accounting Practice survey found that the use of cloud services by CPA firms has grown since 2014, with 56 percent of all firms surveyed saying they use cloud-based software, up from 48 percent in 2014 and 29 percent in 2012. Register here.)

Trends 218

Trends blockchain Taxes Survey 218

PYMNTS

FEBRUARY 21, 2020

She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000.

Fraud 223

Fraud New York City New York Taxes 223

PYMNTS

DECEMBER 19, 2019

Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. The new service comes on the heels of an announcement by the Internal Revenue Service (IRS) that it was changing the guidelines for how taxes were calculated.

Bitcoin 130

Bitcoin Taxes Guidelines cryptocurrency 130

Abrigo

DECEMBER 27, 2014

An accountant''s workload is much more than just tax preparation and number crunching. According to a 2014 IBISWorld report, financially-cognizant companies are increasingly turning to their accounting firms for advice on how to reduce inefficiencies in daily operations and eliminate unnecessary costs.

Compliance 150

Compliance How To Taxes Operations 150

PYMNTS

DECEMBER 27, 2020

firms alone raised more than $435 billion, far outpacing the $279 billion raised in 2014, the previous annual record. As 2020 sunsets, we’ve seen all manner of listings, including previously less-prevalent ones that, in a year like no other, outperformed traditional initial public offerings in terms of dollars raised.

New York 270

New York US Examples Training 270

PYMNTS

MARCH 12, 2019

In addition, the problem of fraudulent tax returns could keep growing as digital processes come to the tax-filing-and-return space. Data: 2014: The year dessert delivery on-demand business SugarMoo was founded. billion : The amount of theft, at a minimum, caused by fraudulent tax returns in 2016. .

Taxes 122

Taxes Regional Data Mobile 122

Abrigo

NOVEMBER 28, 2014

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ?

Taxes 191

Taxes Survey Technology Comparison 191

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177

Taxes Payments District of Columbia Alabama 177

PYMNTS

SEPTEMBER 17, 2019

Since roughly 2014, the Chinese government has been working on the system, which is designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” according to a State Council notice from 2014. million times last year for offenses such as unpaid taxes and fines.

social media 220

social media System Maine Taxes 220

Payments Source

NOVEMBER 22, 2016

When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. investigators want to know why the Swiss bank neglected to tell them about $200 million in undeclared assets owned by an American client, according to people familiar with the matter.

Taxes 60

Taxes Compliance 60

PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 billion yuan in pre-tax profit in the fiscal year ending in March, Bloomberg reported. It posted 9.18

Taxes 134

Taxes Operations Lending Marketing 134

PYMNTS

OCTOBER 8, 2019

Cotten didn’t file personal tax returns for 2014, 2015 or 2017 and his 2016 return didn’t report any income from Quadriga, and Robertson’s tax returns from 2015 and 2016 showed income of less than C$60,000 a year, while in 2017 there was income of less than C$5,000 — but none of it from Quadriga.

Bitcoin 181

Bitcoin Taxes Innovation cryptocurrency 181

Abrigo

SEPTEMBER 19, 2016

Identifying service opportunities is especially important for firms looking to transition from a focus on compliance services , such as tax and audit, to value-added advisory services that might generate higher margins. After all, accountants are commonly known as providing services such as tax preparation and audits.

Taxes 150

Taxes Compliance Resources eBook 150

PYMNTS

DECEMBER 9, 2020

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). However, the ministry notes that available information indicates that the sharing economy has expanded quickly throughout the globe, and it is predicted to keep doing so.

Taxes 160

Taxes Analysis Compliance Report 160

PYMNTS

JUNE 19, 2017

Bertrand was charged with 20 counts of failing to pay federal income taxes, Medicare and Social Security for the company’s employees between 2010 and 2014. million, and total alleged tax loss to the U.S. Total alleged unreported cash and stock compensation was around $2.86 was about $594,000.

New York City 108

New York City Taxes New York Operations 108

TheGuardian

OCTOBER 8, 2023

Both red and blue states with legalized marijuana laws have collected $15bn in tax revenue between 2014 and 2022, with $3.77bn in tax revenue attributed to 2022 alone. An additional eight states have decriminalized its use. Continue reading.

District of Columbia 106

District of Columbia US System Taxes 106

PYMNTS

JANUARY 22, 2018

At the time, he predicted that “hundreds of millions of dollars” would be moving into the virtual currency in 2014. At the time, police and tax authorities had reportedly been raiding local exchanges on alleged tax evasion charges. Since then, the value of bitcoin has skyrocketed from $1,000 per coin in 2013 to $17,428.42

cryptocurrency 140

cryptocurrency Bitcoin Taxes America 140

PYMNTS

FEBRUARY 8, 2019

According to the publication, KPMG’s Small Business Accounting (SBA) service, which launched in 2014, will be closed in the U.K. The move to close SBA operations comes just weeks after KPMG introduced its small business tax and accounting service, Spark, for small businesses in the U.S. will remain unaffected.

Taxes 134

Taxes Operations America Tools 134

CFPB Monitor

MARCH 30, 2015

The CFPB’s Consumer Response Annual Report analyzing complaints handled in 2014 indicates that volume rose 53% from 163,700 complaints in 2013 to 250,200 in 2014. Also, while in 2013 the CFPB received the most complaints about mortgages, it received substantially more complaints in 2014 about debt collection than mortgages.

Report 60

Report Case Study Taxes Analysis 60

Abrigo

NOVEMBER 21, 2019

In 2014, FATF clarified their standards and published the Guidance on Transparency and Beneficial Ownership. The Financial Action Task Force (FATF) led the way as the first international body to set global standards on beneficial ownership in 2003 as part of a strong CDD program.

United States 195

United States Regulation National Taxes 195

PYMNTS

JANUARY 24, 2020

Prime Minister Narendra Modi, who came to power in 2014, has been steadily putting restrictions on imports while letting foreign countries invest in other things like defense, manufacturing and other fields. “Our aim is to curb imports of non-essential items,” said one official.

Taxes 130

Taxes Retail Report Mobile 130

PYMNTS

JULY 15, 2019

Separately, in Oklahoma, a computer software company owner has pleaded guilty to payroll tax fraud. The Justice Department reported that from January of 2014 through June of 2016, Earenest J. intentionally caused” the United States a tax loss of more than $1 million. Grayson Jr., owner of Zealcon Corp.,

Fraud 109

Fraud Cards Taxes Payments 109

PYMNTS

MAY 12, 2016

office were facilitating tax evasion and money laundering. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time. A former employee at Swiss bank BSI, who worked at the bank’s U.K. But as the FT’s reports showed, U.K.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

DECEMBER 20, 2017

Reuters, citing the FATF, reported that in addition to failing to punish money launderers, Mexico’s tax authorities aren’t regulating money from real estate and luxury goods firms, which are just a front for drug operations. The allegations came in a draft report on Mexico’s efforts to fight back against illicit finance.

Taxes 100

Taxes Regulation National Report 100

PYMNTS

NOVEMBER 21, 2018

billion every year in what would have been government revenue between 2010 and 2014. A company may overstate the value of goods they import, paying that invoice to move excess funds overseas or avoid VAT or customs taxes.

Taxes 122

Taxes National Report Data 122

Abrigo

JUNE 10, 2020

The bank’s Chief Compliance Officer also raised concerns, and in May 2014, the AML Officer ultimately bypassed LaFontaine and sent an email to the then-Chief Risk Officer regarding the cap on alerts, according to the enforcement action. Attorney’s Office for the Southern District of New York. BSA Rules and Regulation.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

MARCH 5, 2019

million times last year for such offenses as unpaid taxes and fines. million times from purchasing train tickets, while 128 people were blocked from leaving the country because of unpaid taxes. According to the Associated Press , individuals were blocked from buying tickets 17.5

Taxes 109

Taxes System Training National 109

Abrigo

OCTOBER 21, 2014

The Financial Accounting Standards Board (FASB) continues to receive attention surrounding their proposed current expected credit loss (CECL) model , as final guidance is expected to be released late 2014 or early 2015.

Analysis 207

Analysis Capital Conference Taxes 207