Podcasts about tax reporting

In this one-minute moment, Dr. Friday discusses the upcoming 2025 change where merchant fee income over $600 will require business tax reporting, urging online sellers to track costs now. Transcript: G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. Okay, so if you’re a person that is working and selling small things—maybe on eBay or one of those types of sites—and you have merchant fees, remember: 2025, it will be going to $600, what they threatened to do back in 2022. They’re finally implementing that. It is important to understand that if your merchant fees are over $600 for the entire year, you’re going to start having to report this as a business. So, think now about cost of goods, expenses. You can’t always show losses. So, what are you in business for? 615-367-0819. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

IRS provides "simplified method" for reporting income tax impacts of ERC claims, a taxpayers finds there can be issues with following IRS advice and more.

https://vimeo.com/1068623586?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/3/24/2025-03-24-erc-simplified-method-for-income-tax-reporting This week we look at: TIGTA Report: IRS Refund Claim Processing for Deceased Taxpayers IRS Certification of Seriously Delinquent Tax Debt to the State Department Refund Claim Challenges: When IRS Guidance Fails Sixth Circuit: IRA Forfeiture to Government Not Taxable Loper Bright: Pharmacy Benefit Managers Denied DPAD Deduction IRS ERC Update: Simplified Income Tax Reporting for Wage Reduction

In this week's episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Novogradac partner Tony Grappone, CPA, delve into essential strategies for reviewing tax returns for renewable energy partnerships during tax season. They discuss pivotal areas such as comparing tax return drafts to key documents, federal and state tax differences, and proper allocation of losses and income. They highlight key services such as financial projections, cost segregation and appraisals. The episode also covers the importance of investor review, state-return specific issues and ensuring compliance with new tax credit requirements under the Inflation Reduction Act.

It's getting close to tax reporting time for your reportable non-us vendors.  In this episode, let's talk about how to find those non-us vendors you didn't know you had and cover the basics of the difference between 1042-S, 1042-T and the 1042. So if you are new to IRS tax reporting for non-us vendors…. Keep listening.  Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out the Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team. Links mentioned in the podcast + other helpful resources:     From An Accounts Payable Perspective: A Step-by-Step Approach to Distribute 1099/1042's and File On Time:  https://training.debrarrichardson.com/course/1099IRIS:  Small Volume E-Filing 1099-MISC and 1099-NEC: https://training.debrarrichardson.com/course/iris From an Accounts Payable Perspective:  Year-End Checklist for 1099-MISC, 1099-NEC and 1042-S Reporting https://training.debrarrichardson.com/course/1099yearend Vendor Process Training Center - https://training.debrarrichardson.comCustomized Fraud Training:  https://training.debrarrichardson.com/customized-fraud-training Free Live and On-Demand Webinars: https://training.debrarrichardson.com/webinarsVendor Master File Clean-Up:  https://www.debrarrichardson.com/cleanupYouTube Channel:  https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw More Podcasts/Blogs/Webinars www.debrarrichardson.comMore ideas?  Email me at debra@debrarrichardson.com Music Credit:  www.purple-planet.com 

VIPTix's Nick Giammusso on new tax reporting for ticket sales full 181 Wed, 08 Jan 2025 09:00:55 +0000 a5ISGSBQv4e2hbh4EGPe0DjC4ZAcWdtZ news & politics,news WBEN Extras news & politics,news VIPTix's Nick Giammusso on new tax reporting for ticket sales Archive of various reports and news events 2024 © 2021 Audacy, Inc. News & Politics News False https://player.amperwavepodcast

Today's blockchain and cryptocurrency news  Bitcoin is up slightly at $96,738 Eth is up half a percent at $3,476 XRP, up slightly at two dollars and forty-one cents Top gainers in the last 24 hours: Stellar, up 15% Virtuals Protocol up 17% Pump.fun moves $15M to Kraken. Spot Ethereum ETFs see record inflows in Dec. IRS delays new crypto tax reporting rules Crypto M&A activity up in 2024. Learn more about your ad choices. Visit megaphone.fm/adchoices

How can companies navigate the regulatory environment of e-invoicing and e-reporting? Tune in to find out.

On this episode of The OneStream Podcast, Peter Fugere is joined by Ian Bowden, from BDO, and Ashley Chapman, from Inlumi, to discuss their joint PartnerPlace solution, Enterprise Tax Reporting. The trio discuss how changes in tax reporting including, Pillar 2 requirements, have made it more important than ever to have the proper platform and connected solutions for businesses to accurately and confidently report taxes in an ever changing global environment.

Americans who live abroad continue to be subject to U.S. taxation despite having left the United States. American expats should be aware of this and the consequences of not being tax compliant. George McCormick discusses these issues and more.Comments and questions: gmccormick@bakerlaw.com

In this episode of the 2B Bolder Podcast, I sit down with Kathryn Kaminsky, a 31-year veteran of PwC and the current Chief Commercial Officer. Kathryn's passion for serving clients has driven her impressive career, which spans business transformation, complex accounting, regulatory matters, and tech-led innovation. As a trusted advisor, she has led engagement teams to help clients navigate financial reporting and transformation challenges.Throughout the episode, Kathryn shares insights from her leadership journey, including her role in PwC's Trust Solutions division, where she integrated Audit, ESG, Digital Assurance, and Tax Reporting to help clients build stakeholder trust. She discusses pivotal moments that shaped her career and offers invaluable advice for women seeking leadership roles in male-dominated industries.We dive into the pivotal moments that influenced her decision to pursue a career in accounting and how she navigated her way to becoming Chief Commercial Officer. Kathryn also provides insights on what it means to be a woman in leadership in male-dominated industries and shares advice for women looking to follow in her footsteps.Here are some of the key questions we explore in the episode:"Was there a defining moment or decision early in your career that shaped the path you took to reach your current role as Chief Commercial Officer?""For women looking to build a career similar to yours, especially in leadership positions, what advice would you give them?""How have you balanced the demands of a high-level career with family life as a wife and mother of three? Any advice for women struggling with this balance?""What challenges have you faced as a leader in male-dominated industries, and what strategies can you offer to women trying to navigate similar spaces?""What are the most demanded role opportunities for women and the skills needed?"Kathryn also reflects on how she has embraced networking, the importance of building a support system, and how being “bolder” has influenced her career. She offers actionable advice on staying on top of technological trends and why innovation is key for business success.Tune in to hear Kathryn's invaluable advice for women aiming for leadership success, her perspective on navigating the complexities of business transformation, and what it means to lead boldly in today's business world.Listen now to be inspired by Kathryn Kaminsky's incredible journey and insightful career advice!Support the showWhen you subscribe to the podcast, you are supporting our work's mission, allowing us to continue highlighting successful women in a variety of careers to inspire others helping pay our wonderful editor, Chris, and helping me in paying our hosting expenses.

01st July: Crypto & Coffee at 8

This week Steven is joined by the Head of Tax at Betterment, Eric Bronnenkant, who is both a CPA and CFP. Betterment is a tech-forward investment platform setting themselves apart for going above and beyond when it comes to tax reporting. Eric shares how they have been able to incorporate feedback from clients and tax professionals to make tax time go more smoothly (which means more gets reported correctly and clients have better outcomes!). Listen to the end as Eric and Steven discuss actions that advisors can take regardless of what platform they are currently on. https://zurl.co/E1Ar

Doug McHoney (PwC's US International Tax Services Global Leader) is with Anthony Sciarra, a Principal in PwC's Tax Reporting and Strategy Practice and the Global Pillar Two Data Strategy leader, to discuss the importance of a Pillar Two Data Strategy. Doug and Anthony detail what taxpayers should be doing today to stay ahead of Pillar Two's complexity, specifically highlighting: data sourcing, data forecasting, qualifying for the CbC Transitional Safe Harbor, considerations for both an insourcing & outsourcing model, existing technology solutions, and the importance of a centralized rules calculation. 

In this episode we answer emails from Blake, Brown and Christian.  We discuss new research into the long-term performance of leveraged funds, other gambling problems and the tax reporting of gold ETFs.Links:Blake's Backtest:  Unleveraged TQQQ (portfoliotree.com)Blake's Article:  ⚠️ Leveraged ETFs ⚠️. Why They Sell Themselves Short | by ETF_Guy | Jan, 2024 | MediumCorey Hoffstein's Return Stacked ETFs:  Home - Return Stacked ETF (returnstackedetfs.com)Ben Felix Video on Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) (youtube.com)Christian's Link re GLDM Tax Data:  World-Gold-MiniShares-Tax-Data-12-31-22-Final.pdf (spdrgoldshares.com)GLDM Prospectus:  doc-viewer (ssga.com)Support the show

It was a content team special on this week's episode of The MadTech Podcast - ExchangeWire's research lead Mat Broughton and editorial lead Mariam Ahmad join head of content John Still to discuss Amazon's ad-tier Prime Video service; New York Times sueing OpenAI and Microsoft for copyright infringement; and, the UK government's new policy requiring e-commerce platforms to report user earnings to HM Revenue.

Who says you can't sleigh Amazon this holiday season? Not us! Join the Friday Live Q&A with Faith Denniston and Jason Mastromatteo to jingle all the way to success!This isn't your run-of-the-mill Q&A. It's a festive Amazon treasure trove!Cut through the Amazon tinsel:→ Get expert advice in real time.→ Find solutions to your Amazon holiday challenges.Your weekly e-commerce gift:→ Learn, connect, and supercharge your holiday sales.Every Friday is a chance to be merry and bright:→ Don't just watch the game; be the holiday game-changer.Join us and let's make this holiday season your best one yet!#FridayLiveQandA #EcommerceExpertise #MyAmazonGuyLiveTimestamps:00:00 - Pre-Show Countdown and Music10:06 - Hosts Discuss Holiday Plans and Podcast Schedule11:12 - Upcoming Podcast Break Announcement12:17 - Viewer Questions Begin: Supplements and UPC Barcodes13:05 - Discussion on FBA Skew and Barcode Setup15:02 - Update on Vine Program for ASINs16:04 - Amazon Warehouse Selling Used Items on PDP17:05 - Josh's Birthday Wishes and Conversion Rate Query18:04 - Tax Reporting and Revenue Calculation for Amazon Sellers21:03 - Viewer Question on PPC Software and Manual Management22:28 - Inventory Management Tools and Recommendations24:10 - Career Opportunities in PPC and Amazon Services25:28 - Handling Individual Product Star Ratings27:02 - Returnless Refunds for FBA Products28:01 - Automation Tools for Amazon Sellers29:23 - Bookkeeping and Reporting for Amazon Business30:01 - Shipping Large Boxes to Amazon FBA31:12 - Selling in the Canadian Marketplace32:08 - Managing Client Access for Amazon Accounts33:56 - PPC Strategy Post-Christmas34:56 - Keyword Strategy for Products with Low Search Volume36:15 - New Targeting Types in Amazon Sponsored Brands38:02 - Discussion on Amazon Returns and Category Restrictions39:11 - PPC Software Recommendations and Manual Management Insights40:53 - Bookkeeping Practices and Reports for Amazon Sellers41:40 - Shipping Large Items to Amazon and Compliance with Size Restrictions43:37 - Expanding Sales to Canada: Steps and Import Considerations50:22 - Viewer Appreciation and Personal Updates50:42 - New Targeting Types in Amazon Sponsored Brands51:44 - Closing Remarks and Holiday WishesSupport the show

A pair of crypto industry tax experts describe the problems with the tax agency's new reporting proposals and suggest alternatives. The IRS sparked a storm of controversy when it released proposed new rules for crypto transaction reporting earlier this year. The new rules seek to define who is considered a broker, what types of transactions need to get reported, and the kinds of digital assets that need to be included, but many in the industry consider them overly broad and ultimately unworkable. Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry's specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights | What the newly proposed IRS regulations around crypto are and when they are likely to go into effectWhat entities qualify as a broker and why this may pose a problemWhat the implications for the industry are if these regulations were passedThe number of additional reports the IRS is expecting to receive if these regulations are adoptedHow the regulations would apply to stablecoins and NFTsWhat the five types of brokers are under the proposed regulations and the three types that they exclude, according to ShehanThe unprecedented amount of comments submittedWhat suggestions Coinbase and CoinTracker have in mind for better tax regulationWhy Lawrence thinks that DeFi exchanges should be treated the same as centralized onesWhether people should have privacy concerns about the new proposalsWhat some blockchain-based solutions for tax reporting, such as attestation tokensWhat are the next steps for the IRS's proposed regulation areHow long it will take to actually implement these regulationsThank you to our sponsors! LayerZero | Popcorn NetworkGuests | Shehan Chandrasekera, Head of Tax Strategy at CoinTrackerLawrence Zlatkin, VP of Tax at CoinbaseLinks | Previous coverage of Unchained on crypto taxes, with appearances from Shehan and Lawrence:Everything You Need to Know About Filing Your 2022 Crypto TaxesYour 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and MoreEverything You Need to Know About Your 2020 Crypto Taxes Why You Shouldn't Trust Crypto Exchange Reports for Your TaxesThe IRS Is Cracking Down on Crypto Taxes: What You Need to Know Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks SoInfrastructure Investment and Jobs Act (117th Congress)Proposed rule:IRS proposed rule text: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset TransactionsU.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by BrokersCoinDesk: How the Crypto Industry Responded to the IRS Proposed Broker RuleTwitter thread from Ji Kim of the Crypto Council for Innovation CNBC: President Joe Biden to sign the bipartisan infrastructure bill⁠ into law—here's how crypto investors will be impactedIRS issues guidance, seeks comments on nonfungible tokensCoinbase first comment letterCoinbase second comment letterCoinTracker comment letterUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The IRS sparked a storm of controversy when it released proposed new rules for crypto transaction reporting earlier this year. The new rules seek to define who is considered a broker, what types of transactions need to get reported, and the kinds of digital assets that need to be included, but many in the industry consider them overly broad and ultimately unworkable.  Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry's specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are.   Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: What the newly proposed IRS regulations around crypto are and when they are likely to go into effect what entities qualify as a broker and why this may pose a problem what the implications for the industry are if these regulations were passed the number of additional reports the IRS is expecting to receive if these regulations are adopted how the regulations would apply to stablecoins and NFTs what the five types of brokers are under the proposed regulations and the three types that they exclude, according to Shehan the unprecedented amount of comments submitted what suggestions Coinbase and CoinTracker have in mind for better tax regulation why Lawrence thinks that DeFi exchanges should be treated the same as centralized ones whether people should have privacy concerns about the new proposals what some blockchain-based solutions for tax reporting are, such as attestation tokens what the next steps for the IRS proposed regulation are how long it will take to actually implement these regulations Thank you to our sponsors! LayerZero Popcorn Network Guests: Shehan Chandrasekera, Head of Tax Strategy at CoinTracker Lawrence Zlatkin, VP of Tax at Coinbase Links Previous coverage of Unchained on crypto taxes, with appearances from Shehan and Lawrence: Everything You Need to Know About Filing Your 2022 Crypto Taxes Your 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and More Everything You Need to Know About Your 2020 Crypto Taxes  Why You Shouldn't Trust Crypto Exchange Reports for Your Taxes The IRS Is Cracking Down on Crypto Taxes: What You Need to Know  Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So Infrastructure Investment and Jobs Act (117th Congress) Proposed rule: IRS proposed rule text: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers CoinDesk: How the Crypto Industry Responded to the IRS Proposed Broker Rule Twitter thread from Ji Kim of Crypto Council for Innovation  CNBC: President Joe Biden to sign the bipartisan infrastructure bill⁠ into law—here's how crypto investors will be impacted IRS issues guidance, seeks comments on nonfungible tokens Coinbase first comment letter Coinbase second comment letter CoinTracker comment letter Learn more about your ad choices. Visit megaphone.fm/adchoices

When we want to understand the new IRS proposed regulations on digital asset brokers, Ian Andrews (CMO, Chainalysis) knows to speak to Roger Brown (Global Head of Tax Strategy, Chainalysis) before anyone else.  Roger does an excellent job demystifying who is going to be captured by the proposed regs and defines key terms in the regulations such as brokers, digital asset middlemen and persons that will be impacted by the proposed legislation.  He also dissects the impact of these new tax rules on crypto exchanges, payment processors, decentralized platforms, and even DAOs to and describes what facilitative services are that are material to being captured under the regs.  Ian and Roger also discuss how travel rule requirements may be sufficient to satisfy tax rule reporting and highlight the importance of assessing effective KYC obligations. Minute-by-minute episode breakdown (2:13) - Overview of the recent IRS regulations on crypto tax reporting (4:08) - Definition of a broker and digital asset middleman in the context of digital assets (8:20) - Impact of the regulations on decentralized protocols and platforms (11:45) - Importance of information reporting in crypto to tackle the tax gap  (16:50) - IRS's approach to regulating decentralized exchanges leading with guidance vs enforcement  (19:02) - Questioning why stablecoin transactions are subject to reporting (24:08) - Speculation on the reaction of payment processors to the reporting requirements (28:27) - Potential overlap between travel rule compliance and tax reporting (31:45) - Consideration of peer-to-peer exchanges and possibility of bypassing reporting requirements by directly interacting with smart contracts (35:35) - Importance of assessing effective KYC obligations - It's not a matter of if they will apply it's a matter of when Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report:  The Chainalysis 2023 Geography of Cryptocurrency Report (Available Now)  IRS Proposed Regulations: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions Blog: IRS Update: U.S. Proposed Tax Regulations Outline Information Reporting Obligations for Crypto Exchanges and Others Blog:  Reporting Obligations of the OECD Crypto Asset Reporting Framework Blog: Infrastructure Investment Act Expands Tax Reporting Obligations for Cryptocurrency Exchanges and Others Report: Notabene: The State of Crypto Travel Rule Compliance Report 2023 Webinar: Global crypto adoption: Does regulation matter for growth? (Nov. 2 2023 at 11am ET | 3pm GMT) with Kim Grauer and Caroline Malcolm YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram Speakers on today's episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Roger Brown (Global Head of Tax Strategy, Chainalysis) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Loek Helderman, Global Tax Lead, KPMG ESG, KPMG International, and Partner, KPMG Meijburg& Co. in the Netherlands, and Jenny Wong, Asia Pacific ESG Tax Lead, KPMG Australia, discuss the continued upheaval for tax reporting.

At a time when economic uncertainty remains, leaders are questioning whether their organizations will be viable a decade from now. It's important to know that resilience is possible if you prioritize transformation and foster trust in a challenging financial environment. And as a leader, your authenticity is paramount.In this episode, Kathryn Kaminsky, Vice Chair and US Trust Solutions co-leader at PwC, is joined by Mary Callahan Erdoes, CEO of JP Morgan Chase's Asset and Wealth Management line of business for a discussion on what it takes to navigate the evolving needs of diverse stakeholders and technologies, and what areas of investment are important for companies to remain relevant and achieve their growth goals. Mary shares her views on what it means to deliver leading performance and results for clients, and why it's important to listen not only to our clients, but to the expertise that surrounds us.About the podcast participantsKathryn Kaminsky, Vice Chair and US Trust Solutions Co-Leader at PwCIn this role Kathryn Kaminsky oversees the largest Trust platform in the world, bringing together the firm's combined Audit, ESG, Digital Assurance and Tax Reporting capabilities to best help clients as they seek to build trust with their stakeholders. As co-leader, Kathryn is responsible for the quality of service, excellence in the work performed by over 21,000 partners and staff, developing diverse teams and driving innovation.Mary Callahan Erdoes, CEO of JP Morgan Chase's Asset and Wealth Management line of businessMary Callahan Erdoes is Chief Executive Officer of JPMorgan Chase's Asset & Wealth Management line of business – one of the largest and most respected investment managers and private banks in the world, with $4.3 trillion in client assets and a 200-year-old legacy as a trusted fiduciary to corporations, governments, institutions and individuals. Since joining the firm 25 years ago, Erdoes has held senior roles across Asset & Wealth Management before becoming its CEO in 2009 and joining the JPMorgan Chase Operating Committee, the firm's most senior management team.Erdoes serves on the boards of the U.S.-China Business Council and the Robin Hood Foundation of New York City. She is also a board member of Georgetown University, where she earned her Mathematics undergraduate degree, and serves on the Global Advisory Council of Harvard University, where she received her MBA.

28th Aug: Crypto & Coffee at 8

Doug McHoney (PwC's International Tax Services Global Leader) and Jesse Kavanaugh (PwC Hong Kong's Tax Reporting & Strategy Leader) met up at PwC's AsiaPac Global Tax Symposium in Singapore. Jesse is an International Tax Partner in Hong Kong and has been leading the region's Pillar Two tax efforts. They discuss the state of play of Pillar Two in Hong Kong, trends regarding safe harbours and data collection, modeling and calculations challenges, the centralized and decentralized approaches to Pillar Two inherent to the region, and the Hong Kong legislative process. They also touch on the addition of Hong Kong to the EU's ‘grey list' and the recent introduction of the Foreign Source Income Exemption (FSIE) Regime for Passive Income.

Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, is a subject matter expert in cryptocurrency taxation. Like many who first experience crypto, Chandrasekera saw the potential of cryptoassets, but realized transacting and investing in these assets presented an enormous administrative burden. With few professionals and CPAs skilled in the industry, Shehan set out to build a solution.“CoinTracker is a software that connects with your wallets and exchanges and automatically reconciles your capital gains and capital losses,” Shehan said. “Especially if you have multiple wallets and exchanges, it's really hard for you to reconcile those numbers manually, and we do that automatically. You can download the tax report and share those tax reports with your accountant or file using software like TurboTax or any other tax software.”With U.S. tax laws, tracking cryptocurrency transactions isn't as easy as with other forms of assets, and there are no reporting requirements from service providers or cryptocurrency exchanges. Finding a solution to help maintain them and provide visibility to the taxpayer is critical. “People can get into a lot of trouble if they don't know about the tax implications related to cryptocurrency.”In typical stock trading, at the end of the year, people download a 1099-B form which provides a complete summary of information related to the stock purchases and sales, losses, and gains made during the year. “In the crypto space, that doesn't happen,” says Shehan. “The typical crypto user has three-to-five wallets and exchanges. Some of these crypto exchanges don't have any 1099 reporting obligations. Therefore, you don't get any tax forms.” It is the individual's responsibility to reconcile these transactions.Tim and Shehan are hopeful that documentation processes and information provided by exchanges will become more robust soon. Per Tim, “there is talk about a new 1099 form for digital asset transactions. I think this will greatly aid in reducing administrative burden and helping taxpayers report more accurately.”

This week we're covering the income tax and self-employment tax reporting requirements for taxpayers who receive a minister's housing allowance.

Meredith Smith and Judy Vorndran continue their conversation with Wendy Walker, a Solution Principal at Sovos, in the latest episode of the SALTovation podcast. They talk about the state of the IRS, federal tax legislation, and how the current policies are trickling down into states. Ohio, Colorado, the District of Columbia, and Maryland eliminated paper processing for withholding taxes, 1099s, and W-2s, drastically reducing electronic filing threshold requirements. Wendy, Meredith, and Judy discuss the challenges that come with trying to stay on top of different reporting regulations across different legal entities, both at the federal and state levels. Topics discussed in this episode:Tax compliance challenges for businesses and governmentsTax Reform in Colorado Understanding the challenges of the IRS caseload What You Will Learn:03:20 The Challenges of Tax Reporting and Government Iteration15:31 Tax Compliance Challenges for Businesses25:02 Practical Solutions to Simplify Taxpayer Systems33:06 Cybersecurity and TaxationQuotables:“We see the IRS reducing the electronic filing threshold requirement so that they can get at paper processing. They're trying to eliminate paper, they're kryptonite according to the taxpayer advocate. Even the IRS recognizes that there's a subset of the population that's never going to get off paper so they do need to offer that.” -Wendy Walker [01:23]“There is no happy medium. It's like the government's forcing businesses into sending it into their formats and their requirements. But on the flip side, business needs to conform to gap rules and other regulations and legal requirements. So it is very difficult, particularly when there's such disparity across so many agencies.” -Wendy Walker [05:09]“Small startup businesses are not complying for good reasons. They can't they don't have the wherewithal, and they don't have the tools. But here they are taking a chomp out of the native businesses, taking away from all the bricks and mortar, but they're not fully compliant. So they're taking tax dollars away from governments to change the character of how you and I do business. And all those legacy companies are gone.” -Judy Vorndran [05:36]“The IRS is promoting more bank account reporting or expanded bank account reporting for certain taxpayers. So if we're going to fix them, let's fix the problem. If they need transparency, let's find a way to give them transparency instead of giving them more information that just sort of directionally gets them there from a compliance perspective.” -Wendy Walker [23:10]

As we approach the end of 2023's first quarter, we wanted to take time today to zoom out to the broader business environment that finance organizations are navigating. Between a tightening money supply, inflation, and ongoing demands from investors and stakeholders to grow in a sustainable way – we wanted to ask, how are companies managing it all? What are their near term and long-term priorities, and how are these changing in the current environment?Heather Horn was joined by Wes Bricker, PwC's Vice Chair and Trust Solutions Co-Leader, to discuss these questions and more based on his business leadership within PwC and extensive client experience.In this episode, you will hear:2:11 - The three areas of uncertainty that businesses are navigating in 202311:14 - The imperative companies face to reinvent their business models for long-term survival18:53 - How companies are integrating climate, human capital, and other ESG topics into their reinvention strategies29:26 - How the principles of candor, truth-telling, and humility instill trust in companies' near-term and long-term goals37:20 - The importance of going beyond “check-the-box” compliance in reporting by presenting a coherent strategy and vision for the business44:40 - How the voice of the CFO organization is supporting companies in earning trustWant to hear more perspectives from our latest Global CEO survey? Check out our summary of the survey results.Wes Bricker is PwC's Vice Chair and Trust Solutions Co-Leader for the US and Mexico. In this role he oversees the largest Trust platform in the world, bringing together the firm's combined Audit, ESG, Digital Assurance, and Tax Reporting capabilities to best help clients as they seek to build trust with their stakeholders. As co-leader, Wes is responsible for the quality of service, excellence in the work performed by over 21,000 partners and staff, developing diverse teams, and driving innovation.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Doug McHoney (PwC's US International Tax Services Global Leader) is back in Westminster Studios with Kate Miller, a Director in PwC's Tax Reporting and Strategy Practice. Doug and Kate discuss what is meant by Pillar Two operational readiness and PwC's Data Input Catalog, including the data requirements, the necessity of resources, the Data Input Catalog, safe harbours, ERP and enterprise systems, the importance of working as a team, how software tools can help, and the power of a centralized rules engine.PwC's Data Input Catalog

The compound where iconic illusionists Siegfried & Roy lived in Las Vegas is up for sale. We discuss what's on the property at Jungle Palace and how much it's going for. A new proposal would change the tax reporting threshold on slot machine winnings. Right now, it stands at $1,200. We have all the details and what this means. We also head to NASCAR at the Las Vegas Motor Speedway. Some interesting things we saw while we were there. Keith Urban packs the house at Zappos Theater at Planet Hollywood. His new residency runs in March, then he's back in June and July 1. There are tons of new things opening and happening in Las Vegas, including a new restaurant at Caesars Palace. Maroon 5 is also getting ready to kick off a new residency at Park MGM. We have some tips on where to get some iconic Las Vegas photos! VegasNearMe App If it's fun to do or see, it's on VegasNearMe. The only app you'll need to navigate Las Vegas. Support the showFollow us on Instagram: @vegas.revealedFollow us on Twitter: @vegasrevealedFollow us on TikTok: @vegas.revealedWebsite: Vegas-Revealed.com

This is going to be a tax-filing season like no other... more on WSAU Feedback with Chris Conley.See omnystudio.com/listener for privacy information.

Andrew Topping has deep knowledge of the Canadian tax system and how real estate investors can best approach it. On this episode of The Your Life! Your Terms! Show we discuss some of the changes CRA is implementing around trusts, JV relationships and beneficial ownership of properties. This will likely impact many investors and it's important information to be aware of. You can learn more about Andrew's services by visiting LugowyAssociates.com

The US enacted the Sarbanes-Oxley Act of 2002 (SOX) two decades ago. In this special episode, host Heather Horn was joined by Wes Bricker, PwC's Vice Chair and Trust Solutions Co-Leader for the US and Mexico, and Sandy Peters, the CFA Institute's Senior Head of Global Advocacy, to reflect on how SOX has impacted the public company reporting ecosystem during that time, and what investors think of the regulatory framework.In this episode, you will hear them discuss:1:47 - What led to the enactment of SOX9:52 - How management and auditor responsibilities have evolved since 200214:35 - The increasing importance of transparency for investors21:51 - How SOX enhanced investors' understanding of the financial reporting process26:34 - How increased scrutiny over data, process, and controls resulted in increase investor confidence36:49 - The evolution of ESG reporting and the importance of trust in ESG disclosures49:25 - The future corporate reporting and importance of internal controls over nonfinancial and “pre-financial” dataWes Bricker is PwC's Vice Chair and Trust Solutions Co-Leader for the US and Mexico. In this role he oversees the largest Trust platform in the world, bringing together the firm's combined Audit, ESG, Digital Assurance, and Tax Reporting capabilities to best help clients as they seek to build trust with their stakeholders. As co-leader, Wes is responsible for the quality of service, excellence in the work performed by over 21,000 partners and staff, developing diverse teams and driving innovation. Sandy Peters is the Senior Head of Global Advocacy at the CFA Institute. In this role, she leads the advocacy and regulatory affairs global efforts, including corporate disclosures, financial reporting, accounting and ESG/sustainability. Sandy also serves as a CFA Institute spokesperson to key regulators and standard setters, and works with stakeholders in the policymaking process. Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Keeping up with tax compliance for cryptocurrency can be tricky, especially since many laws are new (or haven't been written yet).

Keeping up with tax compliance for cryptocurrency can be tricky, especially since many laws are new (or haven't been written yet).

Beware Of New Hidden Tax Reporting That Starts Jan 1st! (Hurts The Side Hustle). This affects all payent platforms like Paypal, Zelle, Venmo, Ebay & CashApp https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa1gydmxKYkxzcHZicmVkTzM1OEtIaW5kRmtnd3xBQ3Jtc0trVUFmcFNPWk0waUFieEZYMGVPSXBGeno0b3hUSmZCNGFQR0hzRXNjUTR4R0hGcXBldmdyUVNWcUk2YWlLWmNZMWVlMUttYTdQM0ptUmx6SlpUUTNaVTA5RnJ3RThCUlE5alVSNS1qZzItVUU3TlBnZw&q=https%3A%2F%2Fwww.linkedin.com%2Fpulse%2Fnew-600-irs-1099k-reporting-threshold-what-your-thoughts-pianko%2F&v=yJEJ1wfay5I

From key regulators to customers and employees, companies' most important stakeholders are looking for them to take action on ESG. Companies may have made commitments, but do they have plans to execute? As a leader, how can you develop the right skills and help guide your teams? In this episode Wes Bricker, PwC's Vice Chair - US Trust Solutions Co-Leader, is joined by Beth Sasfai, Chief ESG Officer at Verizon, to discuss the impact of SEC's proposed climate disclosure rules, working across stakeholders to reach your goals and the importance of telling your ESG story. To learn more on the topics discussed today, visit PwC's Create value through ESG resource page.About the podcast participantsWes Bricker is Vice Chair - US Trust Solutions Co-Leader at PwC. In this role he oversees the largest Trust platform in the world, bringing together the firm's combined Audit, ESG, Digital Assurance and Tax Reporting capabilities to best help clients as they seek to build trust with their stakeholders. As co-leader, Wes is responsible for the quality of service, excellence in the work performed by over 21,000 partners and staff, developing diverse teams and driving innovation.Beth Sasfai is Verizon's Chief ESG Officer. In this role she is responsible for the company's ESG strategy, disclosure, and related stakeholder advocacy.  Her team is additionally responsible for governance policy, compliance with federal and state corporate and securities laws, providing legal support to the corporate secretarial function, and advising on other general corporate matters.For the full transcript, please visit pwc.com.

Scott and Jeff discuss the creation of schedule M3 with Lillian Mills, Dean of the McCombs School of Business at the University of Texas at Austin. Lil was instrumental in the creation of schedule M-3, which is form filed with the IRS that reconciles taxable income to financial accounting income.  We talk about the opportunities that exist for academics, policymakers, and regulators to work together, and the unique environment that led to the creation of the M3. We also discuss some recent policy proposals that would impose tax on financial accounting income.

Response letters to the SEC's climate disclosure proposal are in – thousands of them – and one of those letters is PwC's own response. This week, Heather Horn was joined by Wes Bricker, PwC Vice Chair and Trust Solutions Co-Leader to discuss the contents of our letter to the SEC, and share further insights on our recommendations to the staff.In this episode, you will hear:2:20 - Feedback on the climate disclosure proposal from diverse perspectives collected across the financial reporting ecosystem9:10 - Why the proposal is important for a variety of stakeholders15:34 - How the proposal fits into the global climate reporting landscape18:58 - The importance of data in meeting the disclosure requirements, along with risks and opportunities of the proposal through management's lens28:55 - A discussion on the 1% footnote threshold34:55 - The benefits of agreeing on a consistent reporting framework for greenhouse gas emissions39:35 - Insights into addressing the complexities of scope 3 reporting requirements42:15 - The importance to investors and other stakeholders of reasonable assurance over climate reportingWant to learn more about the SEC's proposal? Listen to our previous podcasts that provide perspective from the C-suite, a closer look at governance, and a focus on implementation considerations. Also refer to the text or audio version of our In the loop, The SEC wants me to disclose what?Wes Bricker is PwC's Vice Chair and Trust Solutions Co-Leader for the US and Mexico. In this role he oversees the largest Trust platform in the world, bringing together the firm's combined Audit, ESG, Digital Assurance and Tax Reporting capabilities to best help clients as they seek to build trust with their stakeholders. As co-leader, Wes is responsible for the quality of service, excellence in the work performed by over 21,000 partners and staff, developing diverse teams and driving innovation.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

As the years have progressed, the idea of never carrying cash is becoming more and more relevant. When you truly think about it, why would you, when applications like Venmo, PayPal, Zelle, and many others exist? As we have progressed to this completely digital currency society, that law has caught up and has started to leave some panicking as they may have to pay income tax on the money they are receiving through these applications. What if I told you that everything you are reading and hearing could not even be true? Today I want to uncover the Facts and Myths behind the 1099-K change and what it really means to you as you try to decide if you will continue to use these apps for their convenience or not. Lets jump in so you can hear the truth… Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop YouTube: https://www.youtube.com/channel/UCxRXQLIuP23T34naEev76Vg Facebook: https://www.facebook.com/thefinancialmirr0r Twitter: https://twitter.com/financialmirr0r Instagram: https://www.instagram.com/thefinancialmirror/ Podcast: https://anchor.fm/thefinancialmirror If you are in need of a Financial Coach, don't waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/thefinancialmirror/support

Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, is a subject matter expert in cryptocurrency taxation. Like many who first experience crypto, Chandrasekera saw the potential of cryptoassets, but realized transacting and investing in these assets presented an enormous administrative burden. With few professionals and CPAs skilled in the industry, Shehan set out to build a solution.“CoinTracker is a software that connects with your wallets and exchanges and automatically reconciles your capital gains and capital losses,” Shehan said. “Especially if you have multiple wallets and exchanges, it's really hard for you to reconcile those numbers manually, and we do that automatically. You can download the tax report and share those tax reports with your accountant or file using software like TurboTax or any other tax software.”With U.S. tax laws, tracking cryptocurrency transactions isn't as easy as with other forms of assets, and there are no reporting requirements from service providers or cryptocurrency exchanges. Finding a solution to help maintain them and provide visibility to the taxpayer is critical. “People can get into a lot of trouble if they don't know about the tax implications related to cryptocurrency.”In typical stock trading, at the end of the year, people download a 1099-B form which provides a complete summary of information related to the stock purchases and sales, losses, and gains made during the year. “In the crypto space, that doesn't happen,” says Shehan. “The typical crypto user has three-to-five wallets and exchanges. Some of these crypto exchanges don't have any 1099 reporting obligations. Therefore, you don't get any tax forms.” It is the individual's responsibility to reconcile these transactions.Tim and Shehan are hopeful that documentation processes and information provided by exchanges will become more robust soon. Per Tim, “there is talk about a new 1099 form for digital asset transactions. I think this will greatly aid in reducing administrative burden and helping taxpayers report more accurately.”

If there's one thing your business can count on, it's taxes. Given IRS requirements to report any non-wage income on various 1099 forms, Debbie Pflieger, an EY Americas Financial Services Tax Principal, Information Reporting and Withholding Services Leader, visits the show to advise you on all things 1099. Hear why legal names and Taxpayer Identification Numbers (TIN) are important to include, and how to classify your workers as independent contractors vs. employees. You'll also review recent changes to 1099-K reporting, impacting anyone receiving more than $600 in third-party online payments (such as PayPal, Square, and other apps) in 2022, and what it means for your business. Topics include: 2:20 - What are 1099s, and how do they work? 3:43- Nuances of a 1099-K ... 4:23 -  ... 1099-NEC, 1099-INT, and 1099-DIV 5:28 - Due dates for IRS and payees 7:05 - SSN, EIN, ITIN for payees is a must 9:28 - Worker classification: employees vs. contractors 11:16 - Matching names, SSNs also critical 14:44 - What about corporations? 15:45 – 2022 change: 3rd party online income $600+ reported 19:35 - Document all expenses tied to online income 20:48 - PayPal, Square, other apps requesting EINs, SSNs ... 22:22 - ... to help you avoid 24% withholding requirements  23:46 - How to report payments to foreign vendors Resources: Employment tax reporting is a big responsibility. Read our article that helps you get familiar with the basics at www.paychex.com/articles/payroll-taxes/employers-guide-to-payroll-taxes. The IRS requires your business to treat payments to independent contractors vs. employees differently. Learn what you need to know about worker classification at www.paychex.com/articles/payroll-taxes/filing-taxes-for-independent-contractors. How can your business prepare now for your 2022 tax year responsibilities? Read our article for tips at www.paychex.com/articles/payroll-taxes/tax-saving-tips-at-year-end. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.  

The world seems to be finally recovering as we come out of the pandemic. The global economy has rebounded and the global GDP is projected to increase. But will this trend continue? What do CEOs think about the economy and next steps? On today's episode of the Taxgirl podcast, Kelly is joined by Kathryn Kaminsky to talk about global economic trends and their effects on tax professionals. Kathryn is Vice Chair - Trust Solutions Co-Leader of PwC. In this role, she oversees the largest Trust platform in the world, bringing together the firm's combined Audit, ESG, Digital Assurance and Tax Reporting capabilities to best help clients as they seek to build trust with their stakeholders. As co-leader, Kathryn is responsible for the quality of service, excellence in the work performed by over 21,000 partners and staff, developing diverse teams and driving innovation. Listen to Kelly and Kathryn discuss the state of the economy and the challenges ahead:PwC recently asked 4,446 CEOs from 89 countries and territories about continued economic resilience. Kelly and Kathryn speak about the survey results and how they could affect the tax profession.  Kelly and Kathryn discuss the optimism displayed in the survey and the reasons many respondents may have for maintaining optimism regarding this topic. What challenges may leaders and CEOs of larger companies face in the current economic state, and how are they making adjustments to combat them? Kathryn shares her insight about the labor shortage, the Great Resignation, and how companies have been navigating these workforce management trends. What are the common concerns of CFOs or CEOs when it comes to US tax policy and the implications of the OECD?  Since the pandemic began, many technological innovations have changed how we do business and characterize industries. What future effects can we expect from these changes on business categorization and economic growth? How invested are CEOs and leaders of bigger corporations with the tax planning process? The PwC survey featured the topic of succession. How important is succession planning for companies, particularly larger ones, and multinationals? Kathryn provides her most important advice for tax and accounting and legal professionals related to the survey and our current economic trajectory. To subscribe to the podcast (it's free!) using Apple, Spotify, or your favorite listening app,https://www.taxgirl.com/taxgirl-podcast/podcast-subscription/ ( click here). Links mentioned:Kelly's Website: http://www.taxgirl.com/ (Taxgirl) Kathryn's LinkedIn: https://www.linkedin.com/in/kathryn-kaminsky-b981b721/ (Kathryn Kaminsky)  Kathryn's Twitter: https://twitter.com/Kaminsky001 (@Kaminsky001)  PwC: https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.pwc.com%2Fus%2Fen%2Fcontacts%2Fk%2Fkathryn-kaminsky.html&data=04%7C01%7Ckerb%40bloombergindustry.com%7C6d0d4abc432442a54a6c08d9e5dc175c%7C97be21fdc6014b169920f5accc69da65%7C0%7C0%7C637793555742238606%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=w5WfivfdQNKoXE2X09F5BB9DLci2V0hobC6PCxrsKAs%3D&reserved=0 (Kathryn Kaminsky) https://www.pwc.com/gx/en/ceo-agenda/ceosurvey/2022.html (PwC 25th Annual Global CEO survey)

A listener asks if inflation is good or bad for buying I bonds, the IRS has a new tax-reporting requirement for companies such as PayPal and Venmo, and an investment firm targets younger investors with questionable funds. Listen along as Paul and Anne cover these topics and explain how they could affect investors. Don't miss an episode by subscribing to our show. If you're not sure how to subscribe, visit our website here: www.paulwinkler.com/howtosubscribe.

The end of 2021 has brought many potentially impactful changes to the world of crypto and crypto taxes. From wash sales and tax loss harvesting to blockchain swaps and donations, there are some potentially huge upheavals in the crypto tax world coming in 2022 and beyond! Don't be left facing the consequences of these huge changes by being uniformed. Tune in to hear one of the best crypto tax lawyers in the business, Andrew Gordon of Gordon Law Group, discuss these changes and offer his expert opinion on how to handle them moving forward. You can't afford to miss this episode! Episode Highlights (00:55): The Infrastructure Bill and Build Back Better BIG Crypto Changes (06:45): Are Wash Sales Going To Apply To Crypto Now? (19:07): Blockchain Swaps Could Definitely Be Taxable Episode Quote: > On Blockchain Swaps: “I can tell you that the more conservative position is to treat it like a taxable event, like an actual conversion – a disposition of one asset and purchase of another.” Full-Service Crypto Tax Prep Service: > Bitcoin.Tax Full Service

The end of 2021 has brought many potentially impactful changes to the world of crypto and crypto taxes. From wash sales and tax loss harvesting to blockchain swaps and donations, there are some potentially huge upheavals in the crypto tax world coming in 2022 and beyond! Don’t be left facing the consequences of these huge […]