Stripe says it is offering its Tax tool to its platform clients to boost their global commerce sales. “Help with sales tax and VAT has been our platform users’ most commonly requested feature,” Michael Carney, product lead for the tool, known as “Stripe Tax,” said in a news...
Tax preparation service TaxBandits has rolled out an e-filing solution to streamline tax preparation for businesses in the U.S. The new solution will ensure that tax details on 1099 Series Forms, which business owners use to report payments made to their vendors and independent contractors,...
Accenture Federal Services has won a position on an Internal Revenue Service (IRS) blanket purchase agreement with a ceiling value of $2.6 billion. The firm will be able to compete for task orders within this Enterprise Development, Operations Services (EDOS) blanket purchase agreement to support...
Spain’s government expects to raise $6.3 billion from its “windfall tax” on banks and energy companies. With those entities recording record earnings, the tax “is quite a manageable amount given the profit volume which, under no circumstances … can be considered confiscatory, but rather proportionate...
The Internal Revenue Service (IRS) has delayed implementing a lower threshold for the 1099-K form. In a Friday (Dec. 23) press release, the agency said that the lower $600 threshold amount at which third-party settlement organizations would have been required to report the tax year 2022 transactions on...
Following slow progress on international agreements, France has doubled down on its digital service tax. First announced in 2019 and implemented in 2020, the digital service tax (DST), which targets companies with €750 million ($790 million) in an annual global turnover and at least €25...
Gig workers and small business owners are reportedly using the payment service Zelle to avoid declaring taxable earnings to the IRS. While users of Zelle are required to declare their earnings, Zelle itself said it does not have to declare transactions made through the payment...
As British Prime Minister Rishi Sunak’s government attempts to move on from the short-lived Truss tenure, all signs point toward a major realignment of the British tax regime that will seek to plug a 60 billion pound ($68.7 billion) hole in the public finances. The...
In recent years, several African countries where mobile money transactions are a popular means of payments have introduced levies on digital transactions, much to the dismay of local consumers and small businesses hit the hardest. While those in favor of the electronic transaction levy (eLevy)...