Accounting
Complexity of Labor Taxes in Europe
Governments require businesses to remit various types of taxes—one being labor taxes. Although labor taxes are generally not borne by businesses, they add to the administrative burden of complying with the tax system. Today’s map shows how complex—or easy—it is to remit labor taxes across Europe. One way of measuring the administrative burden of labor…
Read MoreDigital Taxation Around the World
Note: Below is an excerpt of our full report. To see more, click the download link above. Introduction The digitalization of the economy has been a key focus of tax debates in recent years. Political debates have focused on the differences between taxing physical business operations and virtual operations. These debates have intersected with multiple layers of tax policy…
Read More10 takeaways on the PPP loan forgiveness application
The SBA’s form clarifies some issues, but still leaves questions to be answered. Original Article Posted at : https://www.accountingtoday.com/list/10-takeaways-on-the-ppp-loan-forgiveness-application
Read MoreNew regs ease reporting for some tax-exempts
Opponents like Sen. Ron Wyden claims the rules are politically motivated. Original Article Posted at : https://www.accountingtoday.com/news/new-regs-ease-reporting-for-some-tax-exempts
Read MoreEU: The Next Generation
Today, the European Commission announced new budget plans including loans, grants, and some revenue offsets. The proposals follow other support mechanisms for workers and businesses that were designed in response to the Covid-19 pandemic and economic shutdown. The Commission is adjusting its work program for 2020 to “prioritize the actions needed to propel Europe’s recovery…
Read MoreIRS proposes new rules for retirement and annuity payments
The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020. Original Article Posted at : https://www.accountingtoday.com/news/irs-proposes-rules-for-retirement-and-annuity-payments
Read MoreIIRC proposes revisions to reporting framework and names new chair
The International Integrated Reporting Council has opened a 90-day consultation on proposed revisions to its International IR Framework and named Conor Kehoe, a former McKinsey & Company senior partner, as the new chair of the Council. Original Article Posted at : https://www.accountingtoday.com/news/iirc-proposes-revisions-to-integrated-reporting-framework-and-names-new-chair
Read MoreTo What Extent Does Your State Rely on Property Taxes?
Property taxes represent a major source of revenue for states and the largest source of tax revenue for localities. In fiscal year 2017, the most recent data available, property taxes were such a significant source of local revenue that they accounted for 72.1 percent of local tax collections nationwide and 31.9 percent of total U.S.…
Read MoreXero fast-tracks new cash flow features to help COVID-affected businesses
The software company has also debuted a new monthly revenue feature for accountants. Original Article Posted at : https://www.accountingtoday.com/news/xero-fast-tracks-new-cash-flow-features-to-help-covid-affected-businesses
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