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WHAT ARE DEFERRED TAX LIABILITIES


The tax authorities may allow businesses to pay tax on lessor income than the income booked in the statement of comprehensive income, which leads to lower taxable profits. In our previous article titled “difference between accounting and taxable profits”, we established that the difference between accounting and taxable profits could be of permanent and temporary

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WHAT IS THE SWIFT SYSTEM: WHAT BUSINESSES NEED TO KNOW ABOUT THIS MESSAGING SYSTEM


Small businesses depend on financial intermediaries like banks to manage their money and facilitate wire transfers to pay their workers, suppliers, and manufacturers overseas. In turn, banks use SWIFT to process most of these cross-border payments between firms banked in different countries. This article lists what you need to know about the SWIFT messaging system.

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HOW TO MAKE SENSE OF YOUR PAY STUB


Every so often, Jenny Redes gets a call from an employee who has recently discovered their pay stub. They typically have questions about what all the various numbers mean, and the human resources professional says that’s understandable. “It’s a lot of information,” says Redes, a Society for Human Resource Management certified professional and human resources

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ALVIERE LAUNCHES AUTOMOTIVE EMBEDDED FINANCE PLATFORM


Alviere, a leading global embedded finance technology platform enabling any brand to offer a complete array of financial products and services to customers, fans, and employees, recently announced that AutoPay Plus, an automated loan payment service, offers a unique value proposition to its dealership partners across the country. AutoPay Plus offers car buyers and other consumers flexible payment

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TRENDS IN OPEN FINANCE: A CONVERSATION WITH MX AND CAPITALG


If you’re a bank, credit union, fintech, or online banking provider, you’ve been hearing about #openfinance for over a decade. The reality is, that your customers are sharing their financial data whether you know it or not. The demand for open banking started decades ago with screen scraping and now it’s shifting to APIs as

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BARCLAYCARD INTROS VIRTUAL APPLE PAY CARDS FOR BUSINESS USE


Apple Pay news and Barclaycard Payments has introduced Apple Pay support to its Precision pay Go virtual Visa card. Why does this matter? The card is popular among business users and enables employees to equip staff with virtual Visa cards for use via Apple Pay to handle business-related expenses. Read More

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LIFTFORWARD PLATFORM POWERS MICROSOFT STORE POS FINANCING PROGRAMS


Microsoft Store has selected the LiftForward Buy Now Pay Later (“BNPL”) subscription platform to expand financing offerings in the United States, United Kingdom, Canada, Germany, Austria, Spain, Italy, France, Poland and Benelux. In these territories, the LiftForward Platform connects various financial institutions with consumers to finance short-term BNPL solutions or longer-term financing options. The LiftForward Platform facilitates the customer experience at the point-of-sale

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8 THINGS TO DO WITH YOUR 2022 TAX REFUND


It’s easy to argue that a tax refund isn’t something to celebrate. After all, it means you overpaid your taxes the previous year and are now getting the money you were entitled to all along. But if you have an IRS payday coming your way, it pays to make the most of it. Here’s how.