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Risks of Non-Compliance

TaxConnex

In 1997, SSVE requested an advisory opinion from the New York Department of Taxation and Finance on whether sales from its coin-operated air machines were exempt from sales tax. Montgomery, Alabama: Two convenience store operators have pleaded guilty to failing to pay sales taxes. An inconvenient truth.

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Legal analysis: Implications of state tax exclusion of overtime wages for employers and employees

ThomsonReuters

Beginning In 2024, Alabama uses a unique approach to address its labor shortage. Implications for employees Wertz pointed out the Alabama law specifically pertains only to hourly workers, therefore non-exempt salaried workers would still have state income tax withheld on their overtime wages. The proposals vary in their approaches.

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Bank-FinTech Collaboration Tackles SMB Finance Friction

PYMNTS

This week's look at the most recent initiatives in partnerships and open banking reveals a focus on SMB lending and finance, while Banking-as-a-Service (BaaS) also gains traction to allow non-banks to offer their own banking services to corporate customers. Allied Irish Bank Embraces LendScape Receivables Finance.

Finance 99
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New National Research on CPA Pipeline Challenges Underway

CPA Practice

The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and a coalition of other stakeholders, is launching a new, national survey to gain fresh insight into what’s driving the decline in individuals pursuing the certified public accountant (CPA) credential.

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Monday Morning Accounting News Brief: EY Embarrasses Itself (Again); Archaic IRS Tech; Partners Battle It Out | 2.27.23

Going Concern

The Big 4 Accounting firm announced the independent review following the tragic death of EY worker Aishwarya Venkatachalam, 27, who fell to her death from the 11th floor of the company’s Sydney office in August last year. Go forth and account. From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

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BBVA Teams With Google Pay To Offer Digital Bank Accounts

PYMNTS

BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. The Alabama-based bank holding company said the partnership is key to its strategy? with our digital offerings and use our expertise in finance, digital and innovation to help them improve their ?financial financial health?,”

Alabama 88
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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. This eclipses the 4.2% In Sanders v. Comm’r, 160 T.C.

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