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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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.)

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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.

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Chris Skinner

NOVEMBER 6, 2017

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

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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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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.

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PYMNTS

JANUARY 29, 2019

Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only basis. A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code.

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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.

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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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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

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

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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.

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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

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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Taxes Online Policies Florida 131

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

Chris Skinner

JULY 4, 2017

BOOM FOR FRENCH BANKS AS BREXIT DAMAGES BRITISH RIVALS 3 July 2017: The fallout from Brexit has pushed the UK’s leading banks further down The Banker’s latest ranking of the Top 1000 banks. This year is particularly interesting as there is a clear impact of Brexit on the British banks. Here’s the summary.

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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.

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Taxes South Dakota Online US 119

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.

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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.

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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

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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

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Taxes CA San Francisco California 101

Abrigo

JULY 25, 2017

Below are the five blog posts so far from 2017 that have been the most popular. The Sageworks blog has dozens of brief, timely articles to help business valuation professionals and accountants building their valuation practices learn new ways to run their practices more efficiently and effectively. Did you miss any of them?

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Risk Management Video Taxes Resources 150

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.

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Taxes Data System Groups 108

PYMNTS

FEBRUARY 13, 2019

In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 million in 2018 — up nearly 8 percent from $247 million in 2017. million in 2018 — up nearly 8 percent from $247 million in 2017.

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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. And though local U.S.

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Taxes Payments District of Columbia Alabama 177

Abrigo

APRIL 14, 2017

A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year. Last week, Barlow Research, the foremost authority on commercial banking, announced that Sageworks won top honors in its 2017 Monarch Innovation Awards.

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PYMNTS

JANUARY 24, 2020

The country has the highest rate of value-added tax (VAT) fraud in Europe. It’s estimated that the black market economy made up about 12 percent of the country’s yearly economic output in 2017.

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Payments Fraud Taxes Technology 234

PYMNTS

FEBRUARY 28, 2019

to allow businesses to pay their corporate taxes in bitcoin. A Study by t he Cambridge Centre for Alternative Finance found 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. .

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Ohio cryptocurrency Taxes Bitcoin 162

PYMNTS

OCTOBER 14, 2019

We launched our first distributed ledger technology in trade finance as early as 2017. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form. The project will work to build a digital end-to-end trade finance and supply chain finance solution on a blockchain platform. “We

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Taxes blockchain Bitcoin social media 109

ABA Community Banking

SEPTEMBER 4, 2024

By Paul DavisA series of tax cuts that are poised to expire next year should be on the radar of banks of all sizes.The Tax Cuts and Jobs Act, which was signed into law in December 2017, is largely viewed as the most-sweeping overhaul of the tax code in three decades. It ushered in a […] The post End in sight?

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Taxes Community Bank Policies Community 59

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. James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent.

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Fraud New York City New York Taxes 223

PYMNTS

MARCH 2, 2020

As the leader in DIY taxes, TurboTax has been dealing with escalating competition from Credit Karma, which is now a leading financial app among younger customers. Credit Karma started offering a free tax filing service in 2017. Credit Karma’s tax filing market share is growing at a rate of 3 percent.

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Taxes Miami Software New York 130

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.

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Bitcoin Taxes Innovation cryptocurrency 181

PYMNTS

JUNE 12, 2019

Consumer tax solutions provider H&R Block is ramping up its position in the small business financial services market with the takeover of Wave. In 2017 Wave raised $24 million from investors at National Australia Bank, Royal Bank of Canada, Portag3 and Exhibition Capital, as well as existing backers.

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Taxes User Experience National Strategy 161

PYMNTS

FEBRUARY 11, 2020

Xero also summarizes point-of-sale Square sales, including tips, surcharges and taxes. In 2017, the company’s Square Cash App began allowing merchants to use bitcoin. This integration is intended to make it easier for SMBs to track sales and simplify reconciliation. Xero launched in both Canada and the U.K. and Ireland.

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San Francisco Payments New York California 207

PYMNTS

JANUARY 10, 2019

In addition to the new invoicing feature, the bank noted that it is readying to help small business clients comply with the upcoming “Making Tax Digital” initiative in the U.K., with plans to introduce new tax-related features to its platform “over the coming months.” in early 2018.

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PYMNTS

JULY 27, 2020

Request to Pay, according to the company, will put more power in the hands of customers to make payments for mortgage, utility and telecom bills, or council tax payments through multiple payment options, including in full, in part and requests for more time to make a payment.

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Payments Taxes Trends Tools 192