#tax-compliance

#tax-compliance

The UK's R&D tax credit scheme is reforming to combat fraud and simplify access for legitimate claimants.

Phil Thompson lost his IR35 appeal, resulting in a £294,306 tax bill after being classified as a 'disguised employee' by HMRC.

Understanding jurisdictional laws is crucial for managing international assets effectively.

New federal legislation mandates gig platforms to report worker income to the CRA, aiming to enhance tax compliance amongst gig workers.

Effective financial management is crucial for expats to navigate complex tax systems and achieve long-term goals.

Franklin is transforming how businesses manage payroll and payments by integrating blockchain with traditional finance.

Musk's foundation failed to donate $421 million, continuing a three-year trend of under-distribution.

The foundation's failure raises questions about accountability for large charitable entities.

Increased investment in tax inspectors can significantly boost tax revenue and deter tax evasion, particularly among high-income earners.

The UK government is reviewing the controversial Loan Charge tax policy affecting thousands of IT contractors since 2019.

Tax departments must evolve to meet regulatory and technological challenges while building sustainable operational models.

Groww paid $159.4 million in taxes after relocating to India, as many startups return for better IPO prospects.

Tax revenue from sports gambling is at risk due to widespread non-filing among bettors, prompting potential IRS enforcement actions.

HMRC is investigating 791 major UK companies for tax underpayments, highlighting a significant focus on tax compliance across various sectors.

New Zealand's implementation of OECD's crypto reporting framework aims to curb tax evasion by enhancing tax compliance in crypto transactions.

Healthcare organizations face tax complexity and resource challenges, affecting core operations.

Companies are enhancing services for ecommerce and omnichannel merchants, focusing on tax compliance, accessibility, inventory, social media management, and order fulfillment.

Australia's tax office is targeting 1.2 million crypto traders for data to enforce tax compliance.