PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 Reports in Boss Hunting said two brothers based in New York are accused of committing fraud with the eCommerce conglomerate by posing as a legitimate B2B wholesaler.

B2B

PYMNTS

FEBRUARY 28, 2019

B2B international transactions in crypto have for too long been subject to unnecessary restrictions and high fees through existing channels,” said Wirex Founder Dmitry Lazarichev. to allow businesses to pay their corporate taxes in bitcoin. It’s currently only available on desktop.

business accounting

CTP

JUNE 10, 2022

Even if you have never assisted a client with the sale of a business, as a tax planner you have the potential to provide tremendous value in the planning process. Many business owners may also be navigating a sale for the first time and likely have little insight into the tax implications and how to set themselves up for savings.

Sales

PYMNTS

NOVEMBER 26, 2018

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. percent of incoming payments volume for B2B vendors by 2020 — up just 1.5 percent from 2017 volume.

B2B

Accounting Insight

MARCH 31, 2023

Higher interest rates, 11% Access to finance, 9% Ability to hire or retain staff, 7% Whilst inflation is set to fall over the course of the year, SME owners may see other costs rise as Corporation Tax increases to 25%. Fifth on the list of concerns was the ability to hire and retain staff (according to 7% of brokers).

accounting and finance

CTP

MARCH 30, 2023

At the end of 2018, to the dismay of the IRS and the Tax Court, the Second Circuit joined the First and Sixth in reversing the Tax Court’s decision in the Summa Holdings “substance over form” matter. The holding company would then get a refund on the income tax it had paid on the dividend from the DISC.

Ohio

PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

Tax

PYMNTS

NOVEMBER 6, 2017

The GOP unveiled its plans for tax reform late last week in an effort to streamline the tax code, a move that aims to cut the tax rates for corporates. In a statement released late last week, the NFIB said it is “unable to support the House tax reform plan in its current form.”.

tax planning

PYMNTS

FEBRUARY 27, 2018

this year, driven largely by tax reform. Those professionals largely attributed the trend to tax reform and the Small Business Administration’s decision to lower minimum down payments from 25 percent to 10 percent.

Sales

PYMNTS

NOVEMBER 16, 2020

We’ve noted that the stage has been set for M&A to ramp up, due in part to lower corporate taxes, which gives firms higher profits, which in turn gives them more money to both extend loans (building up customer bases) and have money in hand to pursue deals.

Non-Profits

ThomsonReuters

DECEMBER 11, 2023

In the first two installments of our blog series on e-invoicing and Continuous Transaction Controls (CTC), we discussed the basics of e-invoicing and how it affects tax teams and compliance efforts. The purpose of this series is to help readers gain a better understanding of e-invoicing and CTC, and their impact on corporate tax teams.

B2C

PYMNTS

JULY 26, 2018

The American Institute of Certified Public Accountants (AICPA) submitted recommendations to policymakers this week, urging clarity and simplification in how the Tax Cuts and Jobs Act impacts small business (SMBs) accounting rules. The letter outlined eight recommendations for the Tax Cuts and Jobs Act.

Account

PYMNTS

JANUARY 9, 2019

The NFIB’s president, Juanita Duggan, previously described the Index’s highs last summer as “astounding,” with New York Times reports in July pointing to corporate tax cuts and economic growth as key factors behind corporate confidence, despite rising credit card debt, trade disputes, a growing federal deficit, and other factors (..)

Michigan

PYMNTS

JANUARY 22, 2018

This week’s B2B Data Digest offers a quick skim of the flurry of earnings data coming out of the corporate banking, finance and technology market. But not everyone had a great quarter – and largely, it wasn’t corporate customers driving revenue spikes. billion tax charge. “Not only is the U.S.

Non-Profits

PYMNTS

JUNE 27, 2018

A new tax introduced as part of broader reform in the U.S. is frustrating multinational corporations, according to Tuesday (June 26) reports in The Wall Street Journal. The BEAT Tax, short for the Base Erosion and Anti-Abuse Tax, is designed to prevent businesses from moving their U.S. profits to other countries.

Tax

PYMNTS

SEPTEMBER 17, 2018

Its small business mobile app, dubbed My Returns Reminder, provides small businesses with notifications about their HMRC payment deadlines, including corporation tax, confirmation statements and VAT payments. Meanwhile, PwC is working to heighten its presence in the private sector , according to reports.

Technology

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. According to AFP president and CEO Jim Kaitz, these statistics suggest that corporates continue to hold onto “cautious optimism” and, despite stronger cash positions, are not yet ready to deploy that money.

Tax

PYMNTS

FEBRUARY 20, 2020

Enterprise resource planning (ERP) and enterprise performance management (EPM) company insightsoftware has announced its acquisition of financial planning and tax software provider Longview, according to a Thursday (Feb. The move is meant to bolster insightsoftware’s financial planning capabilities on a corporate level. 20) release.

Technology

PYMNTS

SEPTEMBER 13, 2017

. “Because of that complexity, taxes are more complex – it’s a snowball effect. The way taxes are done in the construction industry is different than in other industries.” ” Indeed, the construction industry has dizzying tax rules that don’t apply to other verticals. .”

Construction

PYMNTS

APRIL 16, 2018

tax reform, and strong economic growth around the globe is also benefitting these players. Yet corporate customers aren’t driving the success, for the most part. Lower corporate tax rates led JPMorgan Chase to post an 8.6 percent decline of income tax expenses, which hit $2.56 JPMorgan Chase.

income tax

PYMNTS

OCTOBER 25, 2019

Treasury Inspector General for Tax Administration is calling into question the Internal Revenue Service’s corporate auditing performance. Pressure on the IRS to boost the efficiency of auditing processes comes amid global efforts to address corporate tax-dodging, with reports earlier this year in Yahoo!

audit

PYMNTS

JULY 26, 2018

Finally, Sovos is augmenting its corporate tax compliance software offering with Tipalti’s tools. ” Sovos Global Vice President of Alliances Andrew Chi said the collaboration with Tipalti is part of its response to the digitization of government operations, including tax and compliance.

Technology

PYMNTS

AUGUST 17, 2018

In a statement, Jon Baron, managing director of Thomson Reuters’ Professional segment of Tax & Accounting, said the tool was designed for accountants to meet their small business clients’ needs, and enables accurate and efficient services to augment accountants’ consulting to those customers.

Account

PYMNTS

JULY 26, 2018

The White House’s corporate tax cuts, however, are boosting earnings and bumping up ROIs. The NYT said after-tax profits make up 9.6 percent of total domestic output, a figure that is about 50 percent above historical averages. remains strong.

corporation tax

PYMNTS

SEPTEMBER 20, 2017

The tool integrates bookkeeping and management of financial statements, as well as both personal and corporate tax returns, the company added, and acts as a platform to facilitate collaboration between accountants, bookkeepers, business owners and other service providers.

payroll

PYMNTS

JULY 21, 2017

According to Morgan Stanley CEO James Gorman, lower corporate taxes and more streamlined bank regulation could “allow U.S. Bancorp and Morgan Stanley have echoed similar sentiments, stating government regulations will be key for further growth. banks to be greater engines of economic growth.”

Washington

PYMNTS

FEBRUARY 14, 2019

13), raising new concerns over government spending and the economy’s ability to make up for tax cuts. The current size of the BBB-grade (near junk) corporate bond market is now at the highest level it’s ever been.

Real Estate

PYMNTS

FEBRUARY 4, 2019

PwC also has another mobile app, My Returns Reminder, which sends notifications to SMBs about their HMRC payment deadlines, including corporation tax, confirmation statements and VAT payments. In September, it teamed up with Scotland-based Bemo to launch a mobile app for small businesses (SMBs).

corporation tax

CTP

OCTOBER 31, 2022

The unfortunate news you will have to break to them is that the tax consequences can significantly reduce their proceeds—which is why they will need a tax strategy in place before moving forward with a sale. When a C corporation sells assets, any gain from the sale will be taxed at 21% at the federal level, along with any state taxes.

Tax

PYMNTS

MAY 31, 2018

Before the recent tax reform passed in December, it was thought that the tax cuts could boost corporate spending on new offices, equipment and factories. But with the reduction in corporate tax from 35 percent to 21 percent, it was expected that companies would dramatically increase their spending.

Tax

PYMNTS

DECEMBER 14, 2020

Today in B2B payments, Tradeteq strikes a deal with Microsoft for trade financing, while CEOs lend their advice to President-elect Joe Biden. Plus, Paymerang introduces an invoicing feature, Finexio broadens availability of its B2B Payments-as-a-Service solution, and B2BE and OnPay team up to automate procurement payments.

B2B

PYMNTS

NOVEMBER 3, 2017

The GOP released its tax plan Thursday (Nov. 2), offering a glimpse into its Tax Cuts and Jobs Act that includes plans for corporate taxes. According to reports in The New York Times , Republican tax reform efforts would impose a minimum global tax of 10 percent for American multinational corporations.

corporation tax

PYMNTS

JULY 17, 2018

wages and employment, though not yet because of tax reform. In line with previous research, NABE’s report noted that these trends are not yet linked to tax reform. Earlier research published by the Association for Financial Professionals in May found that corporates in the U.S.

Tax

PYMNTS

JULY 2, 2018

and abroad – aren’t the only source of information for this week’s B2B Data Digest. states have, or will have, laws that require online merchants to collect sales tax , and last week’s Supreme Court ruling is likely to increase that number. Fifteen U.S. According to reports, business investment was up 3.6 ”

Minnesota

PYMNTS

DECEMBER 27, 2016

Analysts say small business owners are confident in a unified Republican government, as well as plans to cut corporate taxes. They include incoming legislation on tax reform, the Affordable Care Act, immigration reform and initiatives impacting SME government contractors. 10 regulatory issues are keeping U.S.

accounts payable

ThomsonReuters

FEBRUARY 23, 2025

This blog post examines the IDC MarketScape: European Compliant e-Invoicing 2024 Vendor Assessment , distilling key insights and practical takeaways specifically for corporate tax professionals. Italy leads the way in Europe, having already implemented mandatory B2B e-invoicing. Ensurecompanywide integration and user adoption.

Tax

ThomsonReuters

APRIL 22, 2025

ONESOURCE Pagero and Oracle solutions help multinational corporations stay compliant. Electronic invoicing (e-invoicing) is shaking up the world of global tax compliance. To gain a deeper understanding of the future of global e-invoicing and its implications for businesses, we recently interviewed a group of tax experts from KPMG.

Tax