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

Tax Compliance Process Changes With Electronic Invoicing
Tax Compliance Process Changes With Electronic Invoicing
March 19, 2024  |  Taxes

Steve Sprague, chief strategy and product officer at Sovos, told PYMNTS in a recent interview that tax compliance is changing — from an intermittent activity...

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Chime Expands Availability of In-App Tax Filing Pilot Program
Chime Expands Availability of In-App Tax Filing Pilot Program
March 14, 2024  |  Taxes

Chime has expanded the availability of free access to its in-app tax filing pilot program. Following a successful pilot launch, the new tax feature is...

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Intuit Adds Proper Finance Team Members to Small Business Group
Intuit Adds Proper Finance Team Members to Small Business Group
March 12, 2024  |  Personnel

Intuit has acquired intellectual property (IP) and hired talent from financial data platform and tools provider Proper Finance. The team members will join Intuit’s FinTech and Small...

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1042-S Adds Complexity to Tax Season for Banks and Corporates
1042-S Adds Complexity to Tax Season for Banks and Corporates
March 06, 2024  |  Taxes

It’s March — and for many corporations and government agencies, the race is on to file a complete accounting, particularly with Form 1042-S, with the...

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Closing the Books on the Global Challenge of X-Border Accounting
Closing the Books on the Global Challenge of X-Border Accounting
February 06, 2024  |  Cross Border Commerce

One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle...

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Drake Software Offers Contactless Payments to Tax Professionals
Drake Software Offers Contactless Payments to Tax Professionals
January 25, 2024  |  Digital Payments

Tax preparation software firm Drake Software launched a contactless payment acceptance system for tax professionals. Drake Pay is “designed to meet the payment acceptance needs...

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IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
January 17, 2024  |  Taxes

Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. The agencies...

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Platforms and the Cloud Help Enterprises Achieve ‘Continuous’ Tax Compliance
Platforms and the Cloud Help Enterprises Achieve ‘Continuous’ Tax Compliance
January 16, 2024  |  Taxes

It’s 2024 and, yes, the year is only a few weeks old. When it comes to tax compliance, Sovos CEO Kevin Akeroyd said as more...

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US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
January 15, 2024  |  Economy

U.S. lawmakers are engaged in discussions over a potential deal that could provide $70 billion worth of tax breaks for businesses and families.  The proposal,...

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