Value-added tax

Bloomberg Tax & Accounting Enters Tax Provision Market With Addition Of Tax Prodigy

Retrieved on: 
Tuesday, August 3, 2021
Tax, Corporate tax avoidance, Bloomberg L.P., Finance, Articles, International taxation, Income tax, Value-added tax, Accounting, Global issues

Bloomberg Tax & Accounting adds Tax Prodigy's software, which enables companies to calculate income tax provision.

Key Points: 
  • Bloomberg Tax & Accounting adds Tax Prodigy's software, which enables companies to calculate income tax provision.
  • "We are excited to add Tax Prodigy's tax provision solution to our growing suite of innovative solutions that solve complex corporate tax and accounting problems," said Lisa Fitzpatrick, president, Bloomberg Tax & Accounting.
  • "There are excellent synergies between Tax Prodigy and the Bloomberg Tax & Accounting research and software solutions.
  • Tax Prodigy Provision joins Bloomberg Tax & Accounting's suite of planning and compliance solutions for corporations, including Bloomberg Tax Research, Fixed Assets, Corporate Tax Analyzer, and State Tax Analyzer.

Meritage Reports Second Quarter 2021 Results; Strong Sales And Earnings Growth

Retrieved on: 
Friday, July 16, 2021
American wine, Meritage, Value-added tax

GRAND RAPIDS, Mich., July 16, 2021 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nations premier franchise operator, today reported financial results for the second quarter ended July 4, 2021.

Key Points: 
  • GRAND RAPIDS, Mich., July 16, 2021 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nations premier franchise operator, today reported financial results for the second quarter ended July 4, 2021.
  • Net Earnings increased 31.9% to $8.0 million compared to $6.1 million for the same period last year.
  • Our earnings growth was driven by strong same restaurant sales, restaurant renovations, new store openings as well as real estate sales and development.
  • Sales for the six months increased 17.4% to $281.1 million compared to sales of $239.5 million for the same period last year.

Ryan Celebrates 30 Years of Tax Innovation and Excellence

Retrieved on: 
Thursday, July 15, 2021
Finance, Accounting, Professional services, Technology, Software, G. Brint Ryan, Tax, Ryan Howard, Value-added tax, Businesspeople, Business

Established in 1991 with a vision of disrupting the tax industry, G. Brint Ryan had a clear focus on client service and results.

Key Points: 
  • Established in 1991 with a vision of disrupting the tax industry, G. Brint Ryan had a clear focus on client service and results.
  • When I founded Ryan, I knew that to compete in the market, we needed to provide better results using innovative tax strategies and superior client service.
  • I am proud to say for the past 30 years, we have done just that, said Ryan Chairman and CEO G. Brint Ryan .
  • Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes.

Sovos Acquires PetaPilot and Saphety, Strengthening Global SAF-T and B2G e-Invoicing Capabilities, and Creating a Complete Compliance Solution for Portugal

Retrieved on: 
Wednesday, July 7, 2021
Accounting software, SAF-T, Tax, Value-added tax

"There is renewed interest in the SAF-T standard globally as a companion to continuous transaction controls (CTCs)," said Steve Sprague, general manager, global value-added tax, Sovos.

Key Points: 
  • "There is renewed interest in the SAF-T standard globally as a companion to continuous transaction controls (CTCs)," said Steve Sprague, general manager, global value-added tax, Sovos.
  • "As tax administrations from Portugal to Poland, Romania to Angola accelerate e-audit efforts, Sovos is uniquely positioned to deliver comprehensive and intelligent compliance for SAF-T and other e-accounting requirements."
  • As we integrate PetaPilot products into Sovos Advanced Periodic Reporting, Sovos will add value via tax and data intelligence that mimics government controls.
  • Its SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes.

Vertex Introduces Taxamo Assure Solution for Online Sales Under New EU VAT E-Commerce Rules

Retrieved on: 
Tuesday, July 6, 2021
Business, Articles, Value-added tax, Economy, E-commerce, Sales

Assure offers a complete solution for the merchant to meet their obligations under the new rules in the form of an innovative pay-as-you-go product.

Key Points: 
  • Assure offers a complete solution for the merchant to meet their obligations under the new rules in the form of an innovative pay-as-you-go product.
  • The solution seamlessly integrates into the checkout journey and controls the real-time VAT calculationandinvoicing on a merchants covered salesto the EU.
  • Our Taxamo Assure product delivers sellers an end-to-end, turn-key solution that automates real-time VAT calculations and reporting obligations, said Vertex President of E-commerce John McCarthy.
  • The Assure solution is designed to easily integrate with a merchants existing e-commerce sales process, supporting integrations via both direct APIs and selected e-commerce plug-ins to facilitate and enhance online sales.

Vertex Expands Partnership and Releases Integration for Mirakl Marketplace Platform with Full VAT Support

Retrieved on: 
Wednesday, June 30, 2021
Value-added tax, Mirakl, Tax

Combined with the existing integration to the Mirakl platform for sales and use tax, Vertex now offers global end-to-end tax solutions for Mirakl customers.

Key Points: 
  • Combined with the existing integration to the Mirakl platform for sales and use tax, Vertex now offers global end-to-end tax solutions for Mirakl customers.
  • Vertex Tax Links for the Mirakl Marketplace Platform enables customers to automate global VAT determination, reducing the risk of audits and penalties due to inaccurate remittance.
  • Together Vertex and Mirakl are helping companies to launch and operate an enterprise marketplace with ease, said Luca Cassina, Executive Vice President Customer Success B2C EMEA at Mirakl.
  • Now customers using the Mirakl Marketplace Platformcan more easily complywith the new VAT EU e-commerce regulations and continue to expand their marketplace businesses with confidence.

Enhanced Labs Blitz Continues: 2 Mr. Olympia Champ Big Ramy Product Drops, Opens in India and Iraq, Announces Show Sponsorships

Retrieved on: 
Tuesday, June 29, 2021
Value-added tax, Mr. Olympia

In May, Enhanced Labs launched Enhanced Labs of India with their Indian partner in New Delhi, and now all customers in the country have direct access to Enhanced Labs products from http://www.getenhanced.co.in and no longer have to wait for customs clearance, or pay VAT border taxes.

Key Points: 
  • In May, Enhanced Labs launched Enhanced Labs of India with their Indian partner in New Delhi, and now all customers in the country have direct access to Enhanced Labs products from http://www.getenhanced.co.in and no longer have to wait for customs clearance, or pay VAT border taxes.
  • Enhanced is a mid-level sponsor for the upcoming Mr. Olympia event in Florida, and are bringing the reigning champ.
  • Enhanced is also bringing Big Ramy and Dennis James to the Dubai Muscle Show three weeks after Olympia.
  • Look for the next Enhanced Product, a collab with Dennis James, on an EAA product within the next several weeks.

Latest news - Next Meeting of the FISC Subcommittee: Public Hearing and Exchange of Views - Subcommittee on Tax Matters

Retrieved on: 
Wednesday, June 16, 2021
Tax, Articles, Economy, International taxation, Corporate tax avoidance, Tax avoidance, Offshore magic circle, Global issues, Value-added tax, Tax haven

What new tax schemes should the EU be paying attention to?

Key Points: 
  • What new tax schemes should the EU be paying attention to?
  • On 22 June 2021, the FISC Subcommittee will hold a public hearing from 13:45 to 16:15 on "The development of new tax practices: What new schemes should the EU pay attention to?"
  • In a subsequent exchange of views from 16:45 to 17:45 with Mr Itai Grinberg, Deputy Assistant Secretary for Multilateral Tax Office of Tax Policy of the US Treasury, the FISC Subcommittee will discuss the US approach to the ongoing OECD negotiations on the two-pillar reform.
  • In an Open Coordinators meeting (in camera), the Members will then have an exchange with Mr Gabriel Zucman on the state of play of the newly created EU Tax Observatory.

Electronic Tax Reporting Revolution in Greece: MyData (my Digital Accounting and Tax Application) Electronic Books

Retrieved on: 
Tuesday, June 15, 2021
Articles, Economy, Informal economy, Tax evasion, Value-added tax, Invoice, Tax

Greece Revenue Authority (AADE) has already published all the documentation needed for the MyDATA integration and compliance.

Key Points: 
  • Greece Revenue Authority (AADE) has already published all the documentation needed for the MyDATA integration and compliance.
  • The regulation is a comprehensive electronic reporting of VAT, corporate tax and accounting data.
  • "Through myDATA platform, the tax authorities intend to have instant insight into the books and ledgers of taxpayers, allowing them to effectively fight tax fraud," says SNI Partner & CCO Rdvan Yiit.
  • At the moment e-invoicing is not mandatory, however it is considered an important ingredient of the electronic reporting concept.

Sovos Launches New Advanced Periodic Reporting Cloud Platform for Automated Tax Reporting Across Global Borders

Retrieved on: 
Wednesday, June 2, 2021
Business, Computer companies, Computing, Accounting software, Oracle Corporation, Value-added tax, Invoice, SAP, Electronic invoicing

BOSTON, June 2, 2021 /PRNewswire-PRWeb/ -- Global tax software provider Sovos today announced the availability of Sovos Advanced Periodic Reporting platform.

Key Points: 
  • BOSTON, June 2, 2021 /PRNewswire-PRWeb/ -- Global tax software provider Sovos today announced the availability of Sovos Advanced Periodic Reporting platform.
  • The Sovos Advanced Periodic Reporting cloud solution integrates with any ERP or financial source system, including SAP, Oracle, Microsoft Dynamics and more.
  • "Sovos Advanced Periodic Reporting alleviates workload burdens for companies grappling with frequent, disparate regulatory changes across VAT jurisdictions around the world," said Ryan Ostilly, vice president of product management at Sovos.
  • Sovos Advanced Periodic Reporting is part of a fully scalable solution suite for global VAT compliance obligations, including real-time reporting, e-invoicing, e-receipts and e-archiving.