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SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

Taxes 193
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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175
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KPMG Debuts SMB Accounting, Tax Platform

PYMNTS

KPMG is taking further steps into the small business financial services world with a new tax and accounting solution for SMBs, the company announced Thursday (Dec. KPMG’s latest launch is timely, considering the upcoming tax season as well as the latest tax law overhauls in the U.S. LeSage, in a statement.

Taxes 147
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Data Conversion Do’s and Dont’s – Oracle ERP Cloud

Perficient

Do Convert FA Tax Books. If you plan on using Oracle’s tax books, it’s much easier to convert into the Cloud than ever before. Make sure your tax books are setup with the same rules as in your legacy system otherwise data won’t match.

Data 322
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Vacationing? Take along this book for accountants, valuation pros

Abrigo

Sageworks recently published Next-Level Accountants: Your guide to growing a firm of trusted advisors , a book that brings together many of the accounting and valuation professions’ top thought leaders to provide practical strategies to help firms continue to add value beyond their technical skills.

Strategy 150
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France Looks To Create Its Own Home Booking Platform

PYMNTS

This time, the French government said, it plans to team up with the country’s tourism industry to build an internet site whose ultimate goal is to grab customers away from the likes of Airbnb and Booking Holdings. Airbnb has been fighting with the French government over such issues as providing data to tax authorities.

Taxes 148
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Indonesia Reduces Import Tax Threshold To Protect Smaller Firms

PYMNTS

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. They’ll be taxed at a rate of 32.5 million last year and 6.1 percent to 37.5

Taxes 134