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Business Expenses and Tax Deductions: Indinero’s Ultimate Guide

inDinero Tax Tips

This can include advertising and marketing costs, bank fees, software, office supplies, and travel expenses. Here are the types of employee compensation that businesses can typically deduct from their taxes: Wages and salaries : Regular payments made to employees for their work hours, whether they are full-time, part-time, or seasonal.

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Businesses Are On A Mission To Digitize Payments

PYMNTS

The pandemic triggered seismic shifts in the way people behave and interact with traditional forms of payment. As businesses around the world start to reopen, we have seen guidance recommending contactless payments to avoid unnecessary touchpoints between customers and retailers. Jumping Straight from Cash to Digital. In the U.K.,

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PSD2 Creates Turbulence For Travel Operators

PYMNTS

With PSD2 in full swing in the European Union (EU), any merchant dealing with the payment data of EU citizens must upgrade their payment protocols to stay compliant. The Tracker also looks into how PSD2 could potentially serve as guidance for other countries that may be reevaluating their own rules on data privacy and payments.

Retail 78
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UATP CEO Sees Alternative Payments Taking Flight With Airlines

PYMNTS

The busiest days of the travel season are in sight. In a Topic TBD interview with Universal Air Travel Plan (UATP) CEO Ralph Kaiser , the executive told Karen Webster that among the trends gaining traction with airline merchants is the emergence of point-of-sale (POS) financing. Alternative Payments Now Preferred Payments.

Finance 55
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Small Business Tax Deductions Checklist: All You Need to Know About Tax Deductions

Snyder

In total, nearly 30% of a business’ income is needed to cover all tax payments. Running a business is inextricably connected with having expenses, such as office maintenance, travel costs, professional services, etc. Your lease payments and the interest on your car loan can be deducted as well. According to statistics, the U.S.

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IRS Attacks Monetized Installment Sales, Again

Withum

The terms of the loan are such that the seller’s interest payments on the loan hew to the seller’s receipt of interest on the installment note. The cash travels from the buyer to the intermediary to the lender to the seller. Corrective action may include undoing the transaction or filing amended tax returns, or both.

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C?ompliance among biggest issues facing global payroll, says Ceridian’s VP of Product?

ThomsonReuters

” Global payroll adds more compliance risk According to a PayrollOrg article from 2021, the two main components of a successful global payroll are timely payments and local compliance. Weckman talked about another experience where she was traveling during a more restrictive part of the COVID-19 health emergency with colleagues to India.

payroll 52