But what if you provide business-to-business (B2B) goods or services - is establishing and maintaining loyalty … more
The shift from paper base to digital currency has been quietly transformative. A panel of financial experts discuss digital currency, trends, innovation and regulatory policies to consider and avoid.
To start, digital money trends show favorable growth. Between 2003 and 2008, card-based transactions grew by 13% worldwide. And government use is part of this growth. For example, the U.S. federal government is using purchasing cards for procurement to save $1.7 billion a year according to a GAO study. Beyond cards, consumers have embraced new technologies that facilitate convenient and secure electronic payments across a wide range of platforms.
While banks are regulated, what about a host of non-bank participants who provide … more
With tax day almost here, it seems appropriate to consider what the federal tax system is costing taxpayers in addition to the taxes themselves.
Complying with the federal income tax code amounts to imposing a 22.2-cent tax-compliance surcharge for every dollar the income tax system collects.
Corporations with assets of $1 million or less (more than 90 percent of all corporations) paid a minimum of $382 in compliance costs for every $100 they paid in income taxes.
A compliance burden of 6 billion hours per year represents a work force of over 2,884,000 people: Larger than the populations of Dallas (1,210,393), Detroit (900,198) and Washington, D.C. (553,523) combined; and more people than work in the auto, computer manufacturing, airline manufacturing and steel … more
According the IRS.gov, you can get your refund faster by telling the IRS to direct deposit your federal income tax refund on up to three different accounts. If you want the IRS to deposit your refund into just one account, use the direct deposit line on your tax form. However you also have a choice to direct deposit your refund to more than one account. With split refunds (use IRS’ Form 8888), you have a convenient option for managing your money. For example, if you use two paycards within … more