taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

Making Sense of the FASB’s Proposed Business Software Accounting Changes
Making Sense of the FASB’s Proposed Business Software Accounting Changes
June 28, 2024  |  Regulation

Tax rules for businesses around their software costs haven’t changed in nearly half a century. But over the past few decades, nearly everything we know...

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CFOs Struggle to Manage Complexities of State Tax Filings
CFOs Struggle to Manage Complexities of State Tax Filings
June 05, 2024  |  Taxes

Tax season might be over. But then again, there’s always next year. As Wendy Walker, solution principal at Sovos, told PYMNTS, the complexities of tax...

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Kintsugi Raises $6 Million to Further Develop Tax Automation Platform
Kintsugi Raises $6 Million to Further Develop Tax Automation Platform
May 29, 2024  |  Investments

Kintsugi raised $6 million in a Series A funding round to further develop its tax automation platform. The round, which valued the company at $40...

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How Compliance Is Shaping the Future of Cross-Border Payments
How Compliance Is Shaping the Future of Cross-Border Payments
May 17, 2024  |  Cross-border Payments

There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. With new and emerging payment rails, such as instant payments, helping to...

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IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling  
IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling  
May 04, 2024  |  Taxes

Digital transformation is becoming as inevitable as the reality of paying taxes. And as many companies discovered during the recent tax season, even the IRS...

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Sovos Adds Indirect Tax Solution for Global Enterprises
Sovos Adds Indirect Tax Solution for Global Enterprises
April 30, 2024  |  Taxes

Sovos has launched a solution designed to modernize how companies meet global indirect tax obligations. The new Indirect Tax Suite is part of the Sovos Compliance Cloud and...

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Technology Turns Tax Compliance Into Growth Engine
Technology Turns Tax Compliance Into Growth Engine
April 23, 2024  |  Opinion

Companies have a critical need for technology to help manage their tax obligations, Sovos CEO Kevin Akeroyd writes in the new PYMNTS eBook, “The Implications...

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Regulations, Innovations and AI Define This Week in Big Tech
Regulations, Innovations and AI Define This Week in Big Tech
April 18, 2024  |  Big Tech

Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable...

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Canada Considering Digital Services Tax Targeting Largest Tech Companies
Canada Considering Digital Services Tax Targeting Largest Tech Companies
April 17, 2024  |  Taxes

Canada’s Parliament is considering a tax on digital services revenue that would impact the world’s biggest tech companies. The legislation would cover companies’ digital services...

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