PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

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PYMNTS

DECEMBER 13, 2019

In commerce, when it comes to taxes, new business models beget new (tax) problems. Against that backdrop, tax collection in the nascent restaurant delivery space remains fragmented at best — and confusing at worst. But in many cases, these firms may not be collecting sales taxes at all. billion received in 2017.

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PYMNTS

FEBRUARY 18, 2019

The American Institute of CPAs (AICPA) has asked the Internal Revenue Service (IRS) to exclude some small businesses (SMBs) from being treated as tax shelters. The letter went on to explain that an SMB that meets the definition of a syndicate would instead be treated as a tax shelter. the letter stated, according to Accounting Today.

Taxes 135

Taxes Meeting Capital Management 135

Chris Skinner

MAY 30, 2017

Russian Company Pins European Bank Attacks on North Korea Spanish Banks Form New Blockchain Consortium How to get a UK banking or e-money license: the basics Bank Customers Don’t Want Robo-Advisers Making Financial Decisions For Them Treasurer’s office to be investigated over pre-budget bank tax leak.

Big Data 184

Big Data Taxes blockchain Fintech 184

Chris Skinner

SEPTEMBER 18, 2017

Things we’re reading today include … Mark Carney says rate rises will be gradual and limited Finger-based payment system begins roll-out US launches criminal probe into Equifax breach RBS avoids forced sale of Williams & Glyn HSBC: We were wrong to predict slide in pound this year South Africa’s tax … The post Things worth reading: (..)

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Taxes US System Payments 157

PYMNTS

DECEMBER 30, 2019

Merchants’ marketing departments may find bundling useful, but their accountants are less likely to see it positively — determining individual items’ tax obligations in the different states into which they are sold can be challenging, and putting offerings into bundles only magnifies complexities. Unpacking States’ Unbundling Policies .

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Taxes Retail Iowa Policies 130

PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

Taxes 129

Taxes Online South Dakota Louisiana 129

Chris Skinner

NOVEMBER 5, 2017

UK businesses are flourishing despite Brexit uncertainty Paradise Papers: Tax haven secrets of ultra-rich exposed Vince Cable attacks RBS over mistreatment of small business customers Crash fears escalate as soaring markets hit highs not … The post Things worth reading: 6th November 2017 appeared first on Chris Skinner's blog.

Taxes 150

Taxes Marketing 150

PYMNTS

NOVEMBER 20, 2019

Food delivery services like Grubhub need to charge more for sales tax and aren’t doing so, according to company CEO Matt Maloney. billion in 2017. billion in 2017. Those numbers mean tens of millions of dollars in terms of taxes, but customers have noticed that different services charge different amounts, and uniformity is rare.

Taxes 101

Taxes Pennsylvania Texas New York 101

Chris Skinner

JUNE 2, 2017

The race to become Islamic banking’s fintech hub The super-rich are different: they pay less tax. The post Things worth reading: 2nd June 2017 appeared first on Chris Skinner's blog.

Policies 185

Policies Community Bank Taxes Regulation 185

PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

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PYMNTS

APRIL 5, 2018

Filing taxes is hardly a walk in the park. Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. percent uptick from the same period in 2017. million individual returns have been filed electronically, a slight 0.7

Taxes 100

Taxes Tools Payments Cards 100

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.

Taxes 145

Taxes Ohio cryptocurrency Payments 145

PYMNTS

APRIL 16, 2019

tax authorities’ approach to small businesses that fall behind on tax payments. Reports in AltFi said Funding Options argued that the approach by HM Revenue and Customs (HMRC) to late tax payments is “too aggressive,” citing the high number of applications HMRC submitted to shutter small businesses.

Taxes 108

Taxes Payments Phoenix Regulation 108

Chris Skinner

NOVEMBER 6, 2017

Aldermore … The post Things worth reading: 7th November 2017 appeared first on Chris Skinner's blog.

Taxes 150

Taxes Regulation 150

Chris Skinner

MARCH 19, 2017

The post Things worth reading: 20th March 2017 appeared first on Chris Skinner's blog.

Taxes 157

Taxes blockchain 157

PYMNTS

SEPTEMBER 12, 2017

Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./ billion in back taxes plus interest for “undue tax benefits” obtained from the Irish government from 2003 to 2014. That means a 10 percent tax would amount to $3.5

Taxes 115

Taxes US Google Regional 115

PYMNTS

SEPTEMBER 3, 2019

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. billion tax expense due to the case, and Alphabet turned around on a $418 million benefit. Facebook disclosed a $1.1

Taxes 116

Taxes San Francisco Regulation Company 116

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. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total. What’s Next In Tax Fraud.

Taxes 144

Taxes Fraud Risk Management Data 144

PYMNTS

JANUARY 4, 2017

Tax reform in the U.K. Government authorities are set to publish proposals that would require SMEs to submit quarterly tax returns online, reports said Tuesday (Jan. It’s an initiative, dubbed Making Tax Digital, the U.K. It’s an initiative, dubbed Making Tax Digital, the U.K.

Taxes 120

Taxes Report Online Software 120

PYMNTS

MARCH 20, 2019

California could receive “$1 billion or more” from the capital gains taxes on the IPO’s stock sales. “We We need those billions for education and other areas,” John Chiang, the state’s former treasurer and controller, told CNBC , adding that the collection of taxes “may not happen all at once, and could be spread over time.”. “If

Taxes 101

Taxes CA San Francisco California 101

PYMNTS

DECEMBER 19, 2016

B2B eCommerce platform Moglix is simplifying the Goods and Services Tax (GST) process for manufacturers using its services as companies brace for new tax reforms to take effect in India next year. The company has offered the solution in beta phase to several businesses to support compliance in the tax filing and management process.

Taxes 100

Taxes Compliance Report National 100

Chris Skinner

FEBRUARY 24, 2017

The post Things worth reading: 24th February 2017 appeared first on Chris Skinner's blog.

Taxes 190

Taxes Fintech Security Cards 190

PYMNTS

APRIL 14, 2018

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

Taxes 103

Taxes Bitcoin cryptocurrency Capital 103

PYMNTS

MAY 7, 2018

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 billion a year, reports from Xinhua said.

Taxes 100

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PYMNTS

JUNE 21, 2018

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. retail sales.

Taxes 119

Taxes South Dakota Online US 119

PYMNTS

JULY 19, 2018

In 2017, Americans spent $83.6 billion , it is still a more valuable run of commerce activity than Mother’s Day, Father’s Day, Easter and Valentine’s Day combined — which is why state tax holidays placed at the end of July and beginning of August have become so very popular over the last two decades.

Taxes 101

Taxes Trends Massachusetts Louisiana 101

PYMNTS

JANUARY 22, 2018

As for the rumors (confirmed through a government announcement), in South Korea, several exchanges might be on the hook to pay taxes of as much as 24 percent on earnings from 2017. The tax announcement comes on the heels of emergency meetings by finance ministers. When that is challenged, they dump their holdings or go short.”.

Taxes 111

Taxes Bitcoin cryptocurrency Regulation 111

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. corporates both quarter over quarter and year over year for Q1 2017. ” Forty-four percent of survey respondents held larger cash and short-term investment balances by the end of the first quarter compared to the end of Q4 2017.

Taxes 100

Taxes Analysis Washington Report 100

PYMNTS

MARCH 23, 2018

tax reform on their organizations. Forty-two percent of professionals surveyed said they believe tax reform will lead to significant economic benefits for their organizations, TD Bank said. as a result of tax reform. A new survey from TD Bank suggests corporate treasurers have mixed outlooks on the impact of U.S.

Taxes 100

Taxes Survey Capital Compliance 100

PYMNTS

FEBRUARY 27, 2018

this year, driven largely by tax reform. Those professionals largely attributed the trend to tax reform and the Small Business Administration’s decision to lower minimum down payments from 25 percent to 10 percent. Further, these professionals have expressed increased optimism for the overall economy.

Taxes 109

Taxes Capital Survey Analysis 109

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

Bankelele

DECEMBER 27, 2016

Tax changes that become effective on January 1, 2017, as a result of the finance bill signed by the president on 13 September 2016 PAYE brackets have been expanded by 10% and the relief also increased by 10%. The post Kenya Tax Changes in 2017 appeared first on Bankelele.

Taxes 37

Taxes 37

Abrigo

JANUARY 6, 2017

Ellison-Taylor, chairman of the AICPA , recently noted that technology tops her list of the most important trends shaping 2017 because it will drive so many of the profession’s opportunities and challenges in the year ahead. Kimberley N. But how are accountants supposed to keep up with all of the technological trends ? Register here.)

Trends 218

Trends blockchain Taxes Survey 218

PYMNTS

MAY 10, 2019

The voice ID system was put into place in January of 2017. The Information Commissioner’s Office (ICO) conducted the investigation after receiving the complaint, and found that the tax office collected the data illegally. The HMRC was sent a notice to delete the voice records on May 9, and it has 28 days from that date to do so.

Taxes 108

Taxes Data System Groups 108

PYMNTS

APRIL 17, 2018

In bitcoin news, cryptocurrency pundits are hoping that the world’s top cryptocurrency will rebound after Tax Day (April 17), CNBC reported. Tax-selling has been a significant factor in downward crypto prices over the past few weeks. Bitcoin has fallen more than 40 percent since the beginning of the year. It was trading at $8,044.82

Bitcoin 100

Bitcoin Taxes cryptocurrency blockchain 100

SWBC's LenderHub

JULY 25, 2018

As you may have heard, there’s a new tax that affects tax-exempt entities, including credit unions.

Taxes 68

Taxes Leadership 68