Latest news with #taxcompliance
Zawya
15 hours ago
- Business
- Zawya
Qatar's GTA issues reminder on 100% Financial Penalty Exemption Initiative deadline
Doha, Qatar: The General Tax Authority in Qatar issued a reminder for individuals to apply for the 100% Financial Penalty Exemption Initiative before the August 31, 2025 deadline. The GTA announced the launch of a 100% financial penalty exemption initiative in February of this year. The initiative went into effect on March 1, 2025. Since its commencement on March 1st, the initiative has granted total exemptions of over QR 900 million to 4,000 taxpayers. This Initiative, in line with the GTA's commitment to easing financial burdens on companies and encouraging voluntary tax compliance, is making the tax system more efficient and transparent, ultimately bolstering the nation's sustainable development plans. The General Tax Authority encourages all eligible taxpayers to seize this valuable opportunity to regularize their tax affairs and avoid future penalties © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Globe and Mail
a day ago
- Business
- Globe and Mail
New Thryv Workforce Center Manages Payroll for Small Businesses
Managing in-house payroll processing and tax compliance can be a time-consuming challenge for small businesses. According to the National Small Business Association's 2025 survey, 50 percent of small businesses spend more than three hours per month administering payroll taxes. To mitigate concerns around time and accuracy, Thryv® (NASDAQ: THRY), the leading small business marketing and sales platform, has launched Thryv Workforce Center ™, a payroll solution designed for growing businesses. Powered by Gusto ™, the leading people management platform for small businesses, Thryv Workforce Center saves SMBs valuable time by managing payroll and automated tax calculations directly within their existing Thryv account. This press release features multimedia. View the full release here: This full-service solution does more than just calculate pay. It simplifies the entire payroll process, combining essential tools into one platform that manages a business' HR, taxes, and staff payments. It can also perform tasks like direct deposit and the creation of tax forms. 'Thryv is a trusted partner to over 100,000 small businesses and when we got growing requests to add payroll functionality to our platform, we listened,' said Rees Johnson, Thryv's Chief Product Officer. 'Most small businesses have to add separate payroll software, but now Thryv clients have the unique advantage of managing payroll within the same platform that they use daily for their business and marketing operations.' Noted Clayton Stokum, CEO of Alpha Behavior Strategies, 'Thryv has really helped me stay on top of the money coming in and made it easier to pay my employees as we continue to grow. It's given me clarity on where my money is going and that's been a game-changer.' Core Benefits of Thryv Workforce Center Centralized employee data: ensures all employee data and payroll information is stored in one secure, accessible location, reducing the risk of errors and saving time on administrative tasks. Payroll and automated tax filings: full-service payroll for W-2s and 1099s. Businesses can easily pay employees and contractors with automatic local, state and federal tax filings, helping to ensure tax compliance. Multiple payment options: employers can opt for either check or a two-day direct deposit via Plaid, Inc. Accessibility: employees can update direct deposit information and access pay stubs and tax forms at any time through the employee portal. Simple and transparent pricing: employers only pay active W-2 employees monthly, and contractors, only in the months they are paid. Unlimited payroll runs and filings are included. Flexibility: can be used by businesses looking to hire their first employee or those looking to switch from another system. 'We know small business owners everywhere want to save time and reduce errors with all-in-one solutions. With the launch of Thryv's Workforce Center, more small businesses in home services, healthcare, legal, and more now have a new option to manage their team and their business in one place," said Yi Liu, the General Manager of Gusto Embedded. "We're thrilled they partnered with Gusto Embedded to build a payroll product specifically designed for their customers within Thryv's platform.' ABOUT THRYV Thryv Holdings, Inc. (NASDAQ:THRY) is the provider of the leading sales and marketing platform designed to help small businesses attract new and repeat customers. Thryv software offers SMBs everything they need to manage day-to-day operations and grow efficiently. The platform's AI-supported marketing and business automations help business owners save time, compete, and win. More than 100K businesses globally use Thryv software to connect with customers and run and grow their business. For more information, visit
Gulf Business
2 days ago
- Business
- Gulf Business
UAE firms must register for corporate tax by July 31 to avoid Dhs10,000 penalty
Image: Getty Images The As of now, more than 33,900 registrants have already benefited from the initiative, according to the FTA. The announcement, made via a press release and reported by WAM, emphasises that timely action through the EmaraTax digital platform is essential to qualify for the penalty exemption. The initiative applies to businesses whose first tax period follows the calendar year—from January 1 to December 31, 2024. To qualify for the waiver, eligible registrants must both complete their Corporate Tax registration and file their first Corporate Tax Return (or annual declaration for exempt persons) no later than seven months from the end of their first financial year—by July 31, 2025, for most. Failure to meet the deadline will result in the automatic imposition of a late registration penalty of Dhs10,000, the FTA warned. Read: The FTA clarified that the penalty waiver only applies to the first tax period of a taxable or exempt person and that there is no need to file a separate request for penalty reconsideration. If a penalty has already been paid, the Dhs10,000 amount will be automatically credited to the taxpayer's Corporate Tax account in EmaraTax. This credit can either be used to offset future tax liabilities or refunded by submitting a refund application. To help taxpayers understand eligibility criteria and procedural requirements, the FTA has published a detailed public clarification document. It explains the conditions for benefiting from the waiver, outlines the refund mechanism for previously paid penalties, and provides examples across different scenarios. The document is available on the FTA's official website under the title: The FTA encouraged all eligible entities to act promptly, stating that early compliance not only avoids financial penalties but also supports the broader objective of ensuring a smooth and effective rollout of the UAE's Corporate Tax regime.
Yahoo
22-07-2025
- Business
- Yahoo
Sovos launches AI solution for tax compliance
Tax compliance solutions provider Sovos has unveiled Sovi AI, an artificial intelligence and machine learning (AI and ML) suite designed to enhance tax compliance. The embedded AI engine offers intelligent automation across the Sovos Tax Compliance Cloud platform, providing insight, automation, and reliability for e-invoicing, taxation, and regulatory reporting. Sovos CEO Kevin Akeroyd said: 'Sovi is not just smart, it is Sovos smart. It understands the nuances of global tax compliance better than any other product or solution on the market. 'It codifies Sovos' global tax compliance and regulatory expertise, developed across the 15 billion transactions we process every year in almost 20,000 tax jurisdictions worldwide.' Sovi AI is operational in Sovos solutions, featuring biometrics for face and liveness detection, image recognition, and secure authentication within Sovos Trust solutions. According to the group, Sovi AI offers organisations the ability to boost their operational efficiency by providing self-service analytics. Additionally, Sovi AI delivers clarity by using conversational AI and dashboards, which help identify underlying issues and uncover potential opportunities. Furthermore, it ensures 'unlimited' scalability, equipping businesses with future-proof compliance solutions that can adapt to any country's regulations, manage any volume of data, and handle complex scenarios. The roadmap for Sovi AI includes expansions such as AI compliance checks, Ask Sovi for embedded assistants, automated mapping tools for goods and services classification, and intelligent document agents for automating accounts payable processes. Sovos chief product officer Swati Garodia said: 'Sovi AI brings both precision and depth to the complex world of tax compliance. Sovi seamlessly switches perspectives from macro-level global mandates to micro-level transaction risk, helping businesses stay compliant with unprecedented clarity and intelligence.' In March 2025, Sovos partnered with PwC Ireland to transform the e-invoicing and e-reporting landscape. The collaboration aims to accelerate system implementation in response to increasing government mandates across the EU and globally. The partnership expanded on Sovos' existing collaboration with PwC, initially established with PwC Belgium, combining tax compliance expertise and technological solutions from both organisations. "Sovos launches AI solution for tax compliance " was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
21-07-2025
- Business
- CNA
Avalara confidentially files for US IPO, eyes return to public markets
Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs and Reebok among its customers.
