PYMNTS

NOVEMBER 14, 2018

As a November 21 tax due date nears, the office said, “the ATO wants Australians to be on high alert for tax scams, especially the increasing trend of scammers demanding payment through Bitcoin ATMs.” According to TNW, tax scammers in Australia seek payments for bogus government debts through victims. million at the time.)

Bitcoin 174

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PYMNTS

APRIL 23, 2020

After previously indicating that he supported increased tax rates but was against a wealth tax concept, billionaire investor Leon Cooperman said in a televised interview that the coronavirus emergency will “likely” change capitalism permanently and taxes will need to be increased before long, according to a CNBC report.

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PYMNTS

APRIL 10, 2020

TurboTax , the online tax preparation service, has said it is launching a free stimulus registration system to help people who don’t need to file a tax return. Approximately 10 million people in the country don’t have to file taxes, and roughly 80 percent can receive a stimulus check. .

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PYMNTS

JANUARY 21, 2020

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.

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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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South State Correspondent

FEBRUARY 12, 2025

The new administration with its lighter regulatory stance, the potential for tax relief and threat of higher inflationary has generated new optimism for credit, and new risk of higher rates. This will help banks further add context to the above loan pricing trends and better allocate capital.

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PYMNTS

DECEMBER 23, 2019

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

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PYMNTS

FEBRUARY 16, 2020

Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is not OK, Broker News reported Friday (Feb. 13) that SMBs will soon face new risks for holding off on tax payments and using the Australia Tax Office (ATO) “as a bank.”.

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Perficient

JUNE 30, 2022

In 2022, FTX broke ground on its new headquarters in Nassau, the country’s capital. In April 2022, Nassau, the capital of the Bahamas, hosted the invitation-only Crypto Bahamas Conference. For example, the Bahamian government is planning on allowing Bahamians to pay their taxes using Sand Dollars. Crypto Conference.

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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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Bank Innovation

FEBRUARY 18, 2020

billion in costs and reallocates capital away from underperforming units. The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5

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PYMNTS

MAY 28, 2020

South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. The Ministry of Economy and Finance issued a simple statement that it would be “considering capital gains tax or other income tax on profits made by domestic and foreign investors in the transfer of virtual assets.”.

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PYMNTS

JULY 9, 2019

small business lender and commercial card company Capital on Tap is collaborating with accounting software company Receipt Bank to launch the Receipt Bank Card, a commercial card solution for small businesses, according to a press release Monday (July 8).

Capital 143

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PYMNTS

JULY 1, 2020

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The company said that asset sale gains for Q1 2020 came out to $16 million before tax, or $12 million after tax. Macy’s Inc. recognized a $3.1

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PYMNTS

JANUARY 16, 2020

In other news, South Korean cryptocurrency exchange Bithumb is going to court to fight an almost $69 million tax bill from the National Tax Service (NTS), according to a report Thursday (Jan. The tax is called a retention tax, which is an income tax paid to the government by the income payer and not its recipient.

Taxes 131

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BankUnderground

JUNE 8, 2022

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 131

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PYMNTS

FEBRUARY 1, 2021

German Finance Minister Says OECD Digital Tax Deal Likely By Summer. The finance minister of Germany sees OECD member states attaining a deal by the summer on levying a tax on major digital firms. OECD member states have until this summer to come to a consensus on a tax. London, we’ve arrived!

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PYMNTS

FEBRUARY 28, 2020

An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. Yet, the burden of financial management, from tedious data entry to compliance challenges, is a nonnegotiable part of starting a small business (SMB). “In retrospect, it was a big mistake.

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PYMNTS

JANUARY 26, 2021

The round, headed up by Sequoia Capital , doubled the company’s total funding to $120 million, the release stated. And, Pilot helps SMBs get tax credits they might have missed out on, according to the release, including a research and development payroll credit that can go up to $250,000.

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Abrigo

FEBRUARY 25, 2025

But these businessesoften the backbone of their communitiesdepend on access to capital. Financial analysis Manual data entry related to financial statements and tax forms is like filling a jar with tweezerspainstakingly slow. They often must consult paper files as well as information housed in separate digital systems.

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PYMNTS

MAY 19, 2020

The purchase comes as Ontario Systems has recently shifted to being backed by private equity money, as it was acquired last year by New Mountain Capital, according to a Government Technology report. SwervePay, meanwhile, offers text payments and automated balance messages on top of its main services for electronic payments.

System 239

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PYMNTS

NOVEMBER 12, 2020

It specializes in offering banking services, expense tracking, tax and financial services in one place for freelance workers of all kinds — from accountants to models. And you can actually save up to 60 hours and $1,700 a year just by using all our tools to manage, maximize your deductibles, save on taxes [and] save on fees.”.

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BankBazaar

JULY 9, 2024

Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.

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PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

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PYMNTS

OCTOBER 15, 2020

FinTech Mobility Capital Finance (MoCaFi) and Jobble are two of the first companies that will provide workers with healthcare through the partnership, the release stated. Mastercard is working with portable benefits program Stride in order to help companies offer U.S.

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PYMNTS

FEBRUARY 23, 2020

Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing.

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PYMNTS

SEPTEMBER 24, 2018

tax law and revenue accounting rules. As a result, past financial reports had to be reexamined to recalculate the value of tax credits or liabilities, or to assess how previous results would look under new rules. percent stake in CWGS Enterprises. However, not all restatements are caused by innocent errors.

Taxes 170

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BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

Capital 105

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PYMNTS

SEPTEMBER 15, 2020

And governments have an incentive to foster growth in debit payments because they want to collect tax revenue on cash transactions. But as Poovala noted, “this has worked to our advantage,” as the company has a digital know-your-customer (KYC) process that can find all the tax IDs of shareholders and their percentages of ownership.

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South State Correspondent

SEPTEMBER 13, 2016

It is the Baker-Bloom-Davis economic policy uncertainty index which scans the news, expected tax changes and economist disagreement to deliver an index on how much or little economic uncertainty is causing anxiety.

Taxes 150

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PYMNTS

FEBRUARY 14, 2020

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). Experts say V-bucks, as well as other, similar game currencies, are a new field that will need to be reported in some way on one’s taxes.

Report 143

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PYMNTS

APRIL 9, 2020

Those interested in the benefits must have already filed a 2019 tax return and received a refund deposited directly into their Chime account. Chime was recently valued at $6 billion after a venture capital boost of $700 million. Chime tested the initiative last week, offering a cash advance of up to $1,200 for 1,000 people.

Taxes 241

Taxes America Digital Banking Capital 241

Abrigo

APRIL 19, 2022

“Owners and guarantors may be sources of business capital, but in down economies they become users of business cash flow, depending on their personal and other business obligations. Not analyzing (or requesting) all of the necessary tax forms Tax returns and their supporting schedules are vital to performing a GCF analysis correctly.

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PYMNTS

AUGUST 5, 2020

In addition, he said tax refunds provided the tailwinds that drove momentum in the Cash App. Square Capital, the company’s lending division, reported a drop in revenue after it stopped issuing most new loans in the quarter. But not all the news was good.

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San Francisco Capital Taxes Report 218

PYMNTS

FEBRUARY 1, 2021

“Asia is the next big treasure trove for SPAC candidates,” Joaquin Rodriguez Torres, co-founder of investment fund Princeville Capital, told Bloomberg. capital markets work hold a significant advantage,” Torres added. Funds that have expertise in both companies operating in Asia and how U.S. That number decreases to about 3.5

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PYMNTS

FEBRUARY 8, 2019

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. Participants in the round also included 42K Investimentos, Chromo Invest and Capital Labs, as well as previous backers Yellow Ventures and Osher Tech.

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PYMNTS

JANUARY 10, 2020

In additional governmental reform news, Egypt is also developing a mandate for electronic tax invoicing, an initiative reports confirmed will eventually broaden to standardize all process involving invoicing in any government procurement.

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