self-employment News

US Urged To Trim Tax Form W-4

by Mike Godfrey, Tax-News.com, Washington

Monday, July 16, 2018

The American Institute of CPAs has urged the Internal Revenue Service and the US Treasury Department to simplify the draft 2019 Form W-4, Employee's Withholding Allowance Certificate, and the accompanying instructions, to reduce administrative burdens on taxpayers. Read Full Story

Scottish Taxpayers 'Grappling With Complexity Following Tax Devolution': CIOT

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

The Chartered Institute of Taxation says Scottish taxpayers now face more complexity than ever before, due to the introduction on April 6, 2018, of new rates and bands of income tax. Read Full Story

IRS Warns Taxpayers On Virtual Currency Tax Compliance

by Mike Godfrey, Tax-News.com, Washington

Monday, March 26, 2018

The US Internal Revenue Service on March 23 warned taxpayers that they must report income from virtual currency transactions in their income tax returns. Read Full Story

Tax Fallout From Uber's Lost Appeal On Employment Rights

by Jason Gorringe, Tax-News.com, London

Monday, November 13, 2017

Per the findings of a London-based Tribunal, Uber, and other gig economy companies like it, may face footing taxes normally borne by traditional employers on behalf of those making a living by offering services to users through its app. Read Full Story

UK Taxpayer Group Welcomes National Insurance Decision

by Jason Gorringe, Tax-News.com, London

Monday, November 6, 2017

The announcement from the UK Government that it will delay repealing Class 2 national insurance contributions (social security tax) has been welcomed by the Low Incomes Tax Reform Group. Read Full Story

UK Gig Economy Workers Warned About Looming Tax Deadline

by Jason Gorringe, Tax-news.com, London

Wednesday, September 20, 2017

Those UK taxpayers performing irregular work or receiving income from the nascent "gig economy" should consider whether they need to register for self-assessment tax with the UK tax authority, the Low Incomes Tax Reform Group (LITRG) has said. Read Full Story

IMF Proposes Specific Tax Rules For Peer-To-Peer Economy

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 10, 2017

Whilst the peer-to-peer economy has posed many challenges to traditional tax collections systems, the sector's technological foundation also holds the keys to solving these problems, according to a new report by the International Monetary Fund. Read Full Story

UK Government Blasted Over Freelancer Tax Policy

by Jason Gorringe, Tax-News.com, London

Wednesday, August 9, 2017

The United Kingdom Government's tax and regulatory policies towards freelancers are contributing to record low levels of confidence within the country's self-employed community, freelance and contractor groups have warned. Read Full Story

UK Employment Practices Review Falls Short, Say Tax Experts

by Amanda Banks, Tax-News.com, London

Wednesday, July 12, 2017

The UK Government-commissioned independent review into employment practices has received a mix response from tax and employment experts. Read Full Story

Italy Reforms Tax Rules On 'Carried Interest'

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 28, 2017

Italy has cut the tax burden on performance-based payments received by investment fund managers and payments to such entities' limited partners. Read Full Story

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