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

Deep Dive: How Not To Lose A Bundle On Bundled Taxes
Deep Dive: How Not To Lose A Bundle On Bundled Taxes
December 30, 2019  |  Next-Gen Sales Tax

Merchants frequently package products together into eye-catching bundles, selling everything from laptops with preloaded software to charcuterie gift baskets. Bundling can give customers an array...

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The State-By-State Complexities Of Sales Tax Compliance
The State-By-State Complexities Of Sales Tax Compliance
December 27, 2019  |  Today In Data

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical...

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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase
When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase
December 27, 2019  |  Next-Gen Sales Tax

Call it the great Huggies debate. States tax sales of discretionary items like skateboards and exempt medical devices like inhalers — but they can’t agree...

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Italy To Start Taxing Big Tech Firms On Jan. 1
Italy To Start Taxing Big Tech Firms On Jan. 1
December 26, 2019  |  International

Italy has announced that it’s going to follow in France’s footsteps and tax big tech companies, a move that threatens to further complicate relations with...

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A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws
A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws
December 26, 2019  |  Next-Gen Sales Tax

Merchants aiming to sell nationwide must pay attention to how their goods are treated by each state’s tax code. Items considered as exempt medical necessities...

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Indonesia Reduces Import Tax Threshold To Protect Smaller Firms
Indonesia Reduces Import Tax Threshold To Protect Smaller Firms
December 23, 2019  |  International

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...

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Bitcoin Daily: Lukka Launches TurboTax For Crypto
Bitcoin Daily: Lukka Launches TurboTax For Crypto
December 19, 2019  |  Bitcoin

Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. The...

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Navigating The ‘Hot Mess’ Of Online Food Delivery Sales Tax
Navigating The ‘Hot Mess’ Of Online Food Delivery Sales Tax
December 13, 2019  |  Taxes

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...

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QuickBooks Releases Expanded Payroll Services Suite
QuickBooks Releases Expanded Payroll Services Suite
December 12, 2019  |  B2B Payments

The company behind QuickBooks, Intuit, announced it is releasing an expanded suite of online payroll offerings to help small to medium-sized businesses (SMBs) automate payroll...

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