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The pre-Black Friday outlook on ecommerce

TaxConnex

We’ve pulled info from a variety of sources that indicate the answer is yes – with ecommerce leading the charge, as online accounted for almost five times the number of Black Friday sales in 2020 compared with 2010. Is Black Friday still that big?

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After 'successful' season, new IRS problems loom: TAS

Accounting Today

National Taxpayer Advocate Erin Collins testifying before a congressional committee in October 2020. Collins recommended that the IRS should prioritize three taxpayer-focused IT projects, starting with enhancing online accounts "that mirror the robust functionality offered by banks and other financial institutions."

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What’s new: state sales and use taxes

TaxConnex

originally issued June 4, 2020), concluding that a company providing online account access services to credit unions was providing taxable digital automated services (DAS). The exemption becomes effective July 1. Washington Department of Revenue’s Administrative Review and Hearings Division released decision number? 41 WTD 118

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Does This Child Tax Credit Change Impact You?

Withum

For tax year 2020, eligible taxpayers received a credit of $2,000 per child. You can create an online account to get your advance payment totals for the 2021 child tax credit. The following is an informative Q&A on the Child Tax Credit and how this may impact your 2021 tax return filing. What is the Child Tax Credit?

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Wells Fargo: First Impressions Are Key When It Comes To Digital Onboarding

PYMNTS

Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent. One FI experiencing significant digital banking growth is Citibank , which recently noted that its customers’ use of online options skyrocketed in the first quarter of 2020.

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Intuit Integrates Its TurboTax System into Credit Karma and QuickBooks Online

CPA Practice

Maximizing tax deductions is a priority for small businesses, as nearly a third (32%) of small businesses created since 2020 were funded in part by tax refunds, according to a recent QuickBooks report. At the same time, being compliant is also among small business owners’ top concerns.

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Wintrust, NCR Team For Digital First Banking

PYMNTS

PYMNTS ’ June 2020 Digital-First Banking Tracker , done in collaboration with NCR, looked at the realization setting in that much business could be done remotely.