Taxes

Taxes is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Taxes
Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
December 12, 2023

Wendy Walker, solution principal at Sovos, said changes to IRS reporting that help identify firms may catch some businesses unaware.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Taxes
IRS Delays Implementation of Lower Threshold for 1099-K Reporting
November 21, 2023

The Internal Revenue Service (IRS) has delayed the implementation of the new $600 Form 1099-K reporting threshold for third party settlement organizations (TPSOs), which include payment apps and online marketplaces, for the calendar year 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Taxes
1099-K Reporting Changes Shift Burden of Tax Compliance to Platforms
November 21, 2023

Changes in tax reporting loom on the horizon — though recently were delayed a bit — as more commerce moves online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Taxes
Ryan Unveils Platform to Simplify Global Business Tax Payments
November 15, 2023

Ryan, a global tax services and software provider, has unveiled a platform that aims to revolutionize the global business tax payment process. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Taxes
Stripe Debuts Stripe Tax for Platforms to Help Cross-Border Sales
August 02, 2023

Stripe says it is offering its Tax tool to its platform clients to boost their global commerce sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Taxes
TaxBandits Launches Feature to Streamline Tax Preparation for US Businesses
July 06, 2023

Tax preparation service TaxBandits has rolled out an e-filing solution to streamline tax preparation for businesses in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

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

Accenture Federal Services has won a position on an Internal Revenue Service (IRS) blanket purchase agreement with a ceiling value of $2.6 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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

Spain’s government expects to raise $6.3 billion from its “windfall tax” on banks and energy companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Taxes
IRS Punts on 1099-K Wage Threshold
December 23, 2022

The Internal Revenue Service (IRS) has delayed implementing a lower threshold for the 1099-K form.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....