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

Mind Your B’s and P’s: IRS Notices and Penalties Loom for Unprepared Firms This Fall

Mind Your B’s and P’s: IRS Notices and Penalties Loom for Unprepared Firms This Fall
Mind Your B’s and P’s: IRS Notices and Penalties Loom for Unprepared Firms This Fall
August 02, 2024  |  Taxes

April has come and gone but a slew of IRS notices loom this fall as companies may be on the hook for erroneously filed returns,...

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Apple Lowers iPhone Prices in India After Country Reduces Customs Duty
Apple Lowers iPhone Prices in India After Country Reduces Customs Duty
July 26, 2024  |  Mobile Commerce

Apple has reportedly cut the prices of iPhones in India after the country reduced its basic customs duty on mobile phones. This is the first time...

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Arvo Tech Raises $2.5 Million to Expand Tax Credit Platform
Arvo Tech Raises $2.5 Million to Expand Tax Credit Platform
July 17, 2024  |  Taxes

Arvo Tech has raised $2.5 million in a Series A funding round to deliver its tax strategy solution to more small and medium-sized businesses (SMBs).,...

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IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams
IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams
July 16, 2024  |  Cybersecurity

The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. The tax agency and its “Security Summit” partners —...

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Sovos CEO Says Government Tax Compliance Mandates Push CFOs to  Modernize
Sovos CEO Says Government Tax Compliance Mandates Push CFOs to Modernize
July 11, 2024  |  Taxes

Governments around the world are using mandates to modernize and digitize all manner of activities, including how they collect taxes. To get a sense of...

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TaxBit and Taina Partner on Gig Economy Onboarding, Tax Reporting
TaxBit and Taina Partner on Gig Economy Onboarding, Tax Reporting
July 08, 2024  |  Taxes

Tax compliance solution providers TaxBit and Taina Technology have teamed up to help digital marketplaces with their onboarding and reporting needs related to gig workers....

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Streaming Services Face Proposed New Tax in Philippines
Streaming Services Face Proposed New Tax in Philippines
June 28, 2024  |  Streaming

Philippine lawmakers reportedly approved a bill that would tax foreign digital services, including streaming services like Netflix, HBO and Disney+. Having passed both the Senate...

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Making Sense of the FASB’s Proposed Business Software Accounting Changes
Making Sense of the FASB’s Proposed Business Software Accounting Changes
June 28, 2024  |  Legal & Regulation

Tax rules for businesses around their software costs haven’t changed in nearly half a century. But over the past few decades, nearly everything we know...

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