taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

Penalties Loom Large for Unclaimed Property Reporting Missteps
Penalties Loom Large for Unclaimed Property Reporting Missteps
November 06, 2024  |  Regulation

Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states...

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Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
October 08, 2024  |  Legal

U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions...

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Sovos Debuts Indirect Tax Suite for SAP
Sovos Debuts Indirect Tax Suite for SAP
October 01, 2024  |  Taxes

Tax compliance company Sovos has unveiled its indirect tax suit for SAP. The new offering, announced Tuesday (Oct. 1), is a “first of its kind” solution for indirect tax...

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Global Embrace of eInvoicing Targets Fraud
Global Embrace of eInvoicing Targets Fraud
September 19, 2024  |  B2B Payments

Businesses want to be paid in a timely manner. Governments want tax revenue. The advantages of cutting down on paper — and, specifically, paper invoices...

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White House Proposes New Trade Rules to Counter Chinese eCommerce Companies
White House Proposes New Trade Rules to Counter Chinese eCommerce Companies
September 13, 2024  |  eCommerce

The Biden administration said Friday (Sept. 13) that it plans to change trade rules that it said have been abused by China-founded eCommerce platforms. The...

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Apple and Google Court Losses Mark ‘Big Win’ for Regulators
Apple and Google Court Losses Mark ‘Big Win’ for Regulators
September 10, 2024  |  Legal

A European court has ruled against both Apple and Google in separate cases. The European Union Court of Justice has upheld a 2016 decision by the European Commission that Ireland gave...

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Navigating the IRS’s Dirty Dozen: Protecting The Enterprise From Tax Scams
Navigating the IRS’s Dirty Dozen: Protecting The Enterprise From Tax Scams
September 10, 2024  |  Taxes

As Ben Franklin once said, nothing in life is certain except for death and taxes. And add to that a new pressing issue for businesses:...

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Bank of London Catches Up on Tax Payments After ‘Internal Miscommunication’
Bank of London Catches Up on Tax Payments After ‘Internal Miscommunication’
September 09, 2024  |  Banking

The Bank of London reportedly said Monday (Sept. 9) that it paid all its taxes after internal miscommunication caused a delay. The bank’s statement followed...

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Sovos President: 2024 Has Been ‘Stark Realization’ for Businesses
Sovos President: 2024 Has Been ‘Stark Realization’ for Businesses
September 05, 2024  |  Opinion

Companies need a long-term strategy when it comes to tax and compliance so that no one event or outside factor can disrupt operations, Sovos President...

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