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

IRS Reduces Unannounced Visits Due to Increased Security Concerns

IRS Reduces Unannounced Visits Due to Increased Security Concerns
IRS Reduces Unannounced Visits Due to Increased Security Concerns
July 24, 2023  |  Cybersecurity

Unannounced visits by IRS revenue officers will be replaced with mailed letters to schedule meetings, except in a few unique circumstances. Increased security concerns and the presence of scam...

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Accenture Wins Spot on IRS Modernization Program
Accenture Wins Spot on IRS Modernization Program
May 24, 2023  |  Taxes

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...

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Avalara Unveils eInvoicing Compliance Solution for Multinational Businesses
Avalara Unveils eInvoicing Compliance Solution for Multinational Businesses
May 23, 2023  |  B2B Payments

Avalara has unveiled a new tool to help multinational businesses streamline their compliance with eInvoicing mandates. The new Avalara E-Invoicing and Live Reporting is a compliance application programming interface (API)...

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IRS Targets FTX While US Chamber of Commerce Backs Coinbase
IRS Targets FTX While US Chamber of Commerce Backs Coinbase
May 12, 2023  |  Legal & Regulation

The taxmen are coming for the estate of Sam Bankman-Fried’s bankrupt FTX crypto exchange. And they want the collapsed firm and its affiliates to pay...

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Biden Proposes 30% Crypto Mining Tax to Offset Environmental Cost
Biden Proposes 30% Crypto Mining Tax to Offset Environmental Cost
May 03, 2023  |  Cryptocurrency

The White House wants to tax crypto mining to offset the “harm” the practice causes. The Digital Asset Mining Energy (DAME) excise tax, proposed in...

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New Digital Business Banking Models Blend Banking and Finance for Startups
New Digital Business Banking Models Blend Banking and Finance for Startups
May 02, 2023  |  SMBs

Nothing is more rewarding than being a small business owner — and nothing is more challenging. That’s because being your own boss brings with it...

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‘Windfall Tax’ on Banks and Energy Companies Could Bring Spain $6B
‘Windfall Tax’ on Banks and Energy Companies Could Bring Spain $6B
February 22, 2023  |  Taxes

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...

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IRS Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
IRS Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
January 11, 2023  |  Gig Economy

The new tax rules have been delayed — and nothing’s certain — so P2P will continue to be a gig economy mainstay. And amid the...

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