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Death And Taxes: One Is Becoming Much More Digital

PYMNTS

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

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Cash App Drives Square Strong Q2 Results

PYMNTS

In addition, he said tax refunds provided the tailwinds that drove momentum in the Cash App. As COVID-19 has forced shutdowns and social distancing, web sales have been on the rise, and many entrepreneurs are moving their business models online. But not all the news was good.

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IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct

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The advocate also said that the IRS’ “near-shutdown” created challenges of taxpayers who were undergoing collection, particularly if they were aiming to take care of their tax debts. It also announced the suspension of all in-person meetings in ongoing examinations,” the advocate said in the report.

Audit 69
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Retail Sales Decline In February As Consumers Curb Spending

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Consumers may have reigned in spending because there has been a delay in processing taxes due to the recent partial government shutdown. That shutdown lasted more than a month and the government is still catching up. Tax refunds are also down due to changes in the tax code.

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Coronavirus Update: Factory Workers Sent Home Unpaid In Bangladesh; Banks Vow To Keep Staff Employed

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Bangladesh is sending law enforcement and military to police a shutdown to slow the coronavirus proliferation. The Bangladesh Garment Manufacturers and Exporters Association, for its part, noted that orders worth approximately $2.7 billion have been called off or put on hold as of Friday.

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Despite Gov’t Shutdown, Tax Refunds Will Be Paid

PYMNTS

government shutdown continues, a Trump official has promised that tax refunds will go out on schedule. Tax refunds will go out,” the acting director of the White House Office of Management and Budget, Russell Vought, told reporters on Monday (January 7), according to Bloomberg. While the U.S.