3 Ways To Use Your Tax Refund To Invest in Yourself
Association of Information Technology Professional
APRIL 17, 2023
Getting a tax refund this year? Don't blow that extra money! Invest in yourself and launch a tech career.
money taxes 
Initiative aiming to repeal Washington state capital gains tax passes key milestone
GeekWire
JANUARY 23, 2024
(GeekWire File Photo / John Cook) The controversial capital gains tax in Washington state may appear on the November ballot later this year. Initiative 2109 , which would repeal the tax, qualified for the ballot after collecting enough signatures and getting certified by the state on Tuesday. Earlier this month, the U.S.
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Customs officers confiscate over 40,000 pieces of smuggled hardware during Typhoon Saola
TechSpot
SEPTEMBER 3, 2023
The money that can be made by avoiding mainland China's value added tax (VAT) is a draw too strong for some to resist. In a report originally published by Tom's Hardware, Gongbei customs officials were recently alerted to suspicious behavior after observing a passenger vehicle traveling through their border station.
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Nick Hanauer: 7 reasons why the capital gains tax is good for Washington state
GeekWire
MARCH 30, 2023
(Civic Ventures Photo) Editor’s note: We asked two Seattle venture capitalists — Civic Ventures’ Nick Hanauer and Madrona’s Matt McIlwain — to defend their opposing viewpoints on the new capital gains tax in Washington state that was ruled constitutional by the state Supreme Court last week.
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Beware of scams this tax season
Tech Republic Security
MARCH 29, 2021
Cybercriminals are using phishing emails on tax filers to scam them out of money. Be careful which emails you click on.
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Seattle considers expanding ‘JumpStart’ tax on big businesses to plug budget deficit
GeekWire
AUGUST 10, 2023
(GeekWire Photo / Kurt Schlosser) Seattle is thinking about taxing big business in a bigger way. The city this week released findings from a report detailing ideas for progressive taxes to help plug a budget gap that is expected to reach $221 million in 2025 and grow by another $207 million in 2026. million or higher.
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IRS and Security Summit partners put a stop to tax ID theft
Dataconomy
DECEMBER 4, 2023
With the tax filing season approaching, IRS and Security Summit partners have joined forces to combat tax ID theft, a growing threat in cybersecurity. A tax ID is a unique identifier used by governments to track individuals and businesses for tax purposes. It is important to protect your tax ID from identity theft.
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How Seattle’s new payroll tax on Amazon and other big businesses will work
GeekWire
JULY 7, 2020
Protestors carried signs that read ‘Tax Amazon’ on the company’s campus during the 2018 ‘head tax’ fight. Seattle’s new plan to tax top salaries at the city’s highest-paying businesses is raising questions from the region’s tech community. Who gets taxed exactly?
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TurboTax parent company Intuit is exiting the IRS Free File Program
The Verge
JULY 17, 2021
Intuit, the parent company of tax filing software TurboTax, is exiting an IRS program that allows many Americans to file their taxes for free. The IRS partners with the Free File Alliance , a nonprofit coalition of tax software companies that offer no-cost tax filing services for the Free File program. Getty Images.
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Maryland Becomes First State in Country to Place a Tax on Big Tech’s Digital Advertising Revenue
Gizmodo
FEBRUARY 13, 2021
Maryland decided to take a chunk of Big Tech’s advertising dollars on Friday, successfully passing legislation that would place a maximum tax of 10% on revenue from digital ads. Analysts estimate that the tax will generate about $250 million in its first year, money that the Maryland says will go to schools. Read more.
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Twitter Reacts to Ransomware Tax Deduction
SecureWorld News
JUNE 21, 2021
If you make a ransomware payment to cybercriminals, your organization may save money on taxes. Are ransomware payments a tax deduction? Don Williamson wrote a paper about the tax implications of ransomware payments in 2017 and since that time the number of ransomware attacks has surged.
UK impersonation fraud up 39% in last quarter of 2016
Computer Weekly
MARCH 24, 2017
Just ahead of the end of the UK tax year, a survey underlines the importance of guarding against business email compromise aimed at stealing data and money
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Avalara continues acquisition spree with purchase of property tax compliance company CrowdReason
GeekWire
OCTOBER 18, 2021
Tax software giant Avalara made yet another acquisition, announcing Monday that it bought property tax compliance software developer CrowdReason Limited Liability Company. Avalara will use the deal to boost offerings related to document management, tax content, and property tax returns. In August Avalara added $959.9
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Seattle business leaders want city to suspend JumpStart and B&O tax to revive downtown
GeekWire
MARCH 22, 2023
Seattle business leaders want the city to suspend taxes to help attract new companies to the downtown core. “Removing barriers and costs is how we will create more jobs, economic opportunity and strengthen Seattle’s tax base,” Scholes said in a statement to GeekWire. Scholes said “Seattle must do the same.”
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Seattle City Council unveils new payroll tax targeting Amazon and other large companies
GeekWire
JUNE 16, 2020
Protestors carried signs that read ‘Tax Amazon’ on the company’s campus during the 2018 ‘head tax’ fight. It would levy a tax on salaries exceeding $150,000 annually at Seattle’s largest companies. Businesses with total annual payroll expenses of $7 million or more would be subject to the tax.
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Avalara co-founder leads new advisory firm helping companies create digital assets
GeekWire
MAY 8, 2023
GeekWire File Photo) Rory Rawlings was able to see around a corner when he launched tax compliance software giant Avalara. Blu Canary makes money off advisory fees, a portion of which can be paid in a client’s tokens. It is self-funded but plans to raise money via crowdfunding. Rawlings is now CEO at Blu Canary Capital.
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Washington state lawmakers target Bill Gates, Jeff Bezos, and other billionaires with wealth tax
GeekWire
JANUARY 27, 2021
A new proposed wealth tax in Washington state would impose a 1% tax on billionaires, affecting Seattle-area tech and business leaders such as Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates, and about 100 other ultra-wealthy residents. Washington is also among nine states that do not have income taxes. Noel Frame.
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Tech workers sound off on Washington state’s proposed ‘billionaire tax’ at first public hearing
GeekWire
FEBRUARY 2, 2021
Tech workers showed up to a virtual hearing Tuesday to voice their opinion on a proposed tax on Washington state’s wealthiest residents. “I’m not fortunate enough to qualify for this wealth tax but I do occasionally meet with billionaires who would,” said Ned Friend, a product lead for Microsoft during the hearing.
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New climate marketplace raises $6.1M to move clean energy cash into impactful projects
GeekWire
MARCH 27, 2023
Ever.green is playing matchmaker between corporations that are spending money to reduce their carbon footprints and developers that need funding to build energy facilities. It focused on investment tax credits (ITCs) included in the act that range from 6% to 70%. ” The company, which launched in 2021, today announced a $6.1
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As Amazon booms in California, cities want state to fix ‘tremendous inequity’ in sharing of tax revenue
GeekWire
SEPTEMBER 2, 2021
Some California cities are calling on the state to return to a more equitable method of sharing tax revenue generated by Amazon’s online sales — warning that a change made earlier this year creates an unfair system of “winners and losers” in the disbursement of millions of dollars used for critical public services.
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How a new tech-based Swedish payments authority will fight grant fraud
CIO Business Intelligence
JULY 20, 2022
The payments authority, which will come into effect in 2024, will control all payments from the Swedish Tax Agency’s tax account, and most payments from the Swedish Social Insurance Agency, the Swedish Public Employment Service, the Swedish Pensions Agency and the Central Student Aid Board. Due to an estimated $1.8
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Jeff Bezos says no thanks to Bernie Sanders’ request to testify on income inequality
GeekWire
MARCH 12, 2021
Sanders originally said he wanted Bezos “to explain to the American people why he thinks it’s appropriate for him to spend a whole lot of money denying economic dignity to workers at Amazon, while he has become $78 billion richer during the pandemic.” ” The hearing is slated for March 17.
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After selling health tech startup, Seattle entrepreneurs pursue financial planning software
GeekWire
OCTOBER 17, 2023
Founded in 2016 by Leif Dahleen , PhysicianonFire tailors its financial literacy content and tools to help high-income earners manage their money. Following the acquisition, PhysicianonFire plans to roll out a suite of new digital products that help users with tasks such as tax planning, investing, and debt management.
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Elon Musk polls his Twitter followers to ask if he should sell 10 percent of his Tesla stock
The Verge
NOVEMBER 7, 2021
Tesla CEO and wealthiest person in the world Elon Musk tweeted out a poll Saturday, asking his Twitter followers whether he should sell 10 percent of his stock in the automaker, ostensibly to pay more tax. Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted.
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What Is Offshore Software Development – And Why It’s Time To Yourshore Instead
TurnKey Labs
MAY 4, 2023
Most of us have heard of Offshoring as it relates to billionaires (ie, the rich and famous put their money in offshore accounts so that the Tax Man can’t get his sticky fingers on it). Some might even say this is the cool version of Offshoring And although we here at TurnKey are incredibly hip, that […]
Nonprofits accept cryptocurrency as Bitcoin and Ether values spike – is it a fad or the next frontier?
GeekWire
NOVEMBER 22, 2021
’ A new Pew Research Center survey found that 86% of Americans report having heard of crypto and 16% have traded or used the blockchain money. There are “a lot more people and money in crypto, so as the ecosystem grows, the donation pool grows, the donor base grows,” Duffy said. Appeal of crypto philanthropy.
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Wave will pay $900K to 23K customers following AG investigation over hidden fees
GeekWire
MARCH 11, 2021
Seattle-area telecommunications provider Wave will pay $900,000 to more than 23,000 customers across Washington, Oregon, and California for failing to disclose taxes and fees in bills and advertising. Wave did not clearly disclose all taxes and fees to customers. Comcast also paid a $9.1 Nobody likes hidden fees.
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Twitter Reacts to Ransomware Tax Deduction
SecureWorld News
JUNE 21, 2021
If you make a ransomware payment to cybercriminals, your organization may save money on U.S. Are ransomware payments a tax deductible? Don Williamson wrote a paper about the tax implications of ransomware payments in 2017, and since that time the number of ransomware attacks has surged.
AMC hops on the private movie showing bandwagon with reasonable rates
TechSpot
OCTOBER 19, 2020
Less than a week after revealing that it could run out of money by the end of 2020, the theater chain announced it will now allow guests to host private screenings starting at $99 plus tax. AMC isn’t going out without a fight.
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Technology and AI
CIO Business Intelligence
DECEMBER 12, 2023
At the end of the day, when every bill has been paid, individuals and families living in Linz, Vienna or other Austrian cities can put more money aside than their colleagues in places like Paris, Amsterdam, or San Francisco. Funding and support Austria’s funding and tax regime further sweetens the pot.
Avalara nabs nearly $1B in debt securities to fuel growing tax compliance software business
GeekWire
AUGUST 17, 2021
The money will be used to fuel the company’s compliance automation software that helps more than 30,000 companies across 95 countries manage their sales and other types of taxes. Avalara said last week that it added $959.9 Customers include companies such as Zillow, Pinterest, Converse, Roku, Thule, and others.
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El Salvador becomes first country to adopt Bitcoin as an official currency
The Verge
SEPTEMBER 7, 2021
Supporters argue the move will make it cheaper and easier for migrants to send money home to El Salvador, which is important given such remittances account for over 24 percent of the country’s gross domestic product, according to figures from the World Bank reported by CNBC. million at today’s prices.
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Vancouver B.C. startup Fraction expands home loan platform to U.S. homeowners
GeekWire
FEBRUARY 2, 2022
Fraction automates the mortgage application process and allows homeowners to convert up to 50% of their home equity into tax-free cash. It makes money off loans and fees based on a property’s value. -based startup that gives people access to a home equity line of credit, is expanding beyond Canada and into Washington state.
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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax
GeekWire
NOVEMBER 29, 2022
Seattle’s big business tax is bringing in more revenue than expected. The city council on Tuesday approved a plan to use the extra money to plug shortfalls in its General Fund for the next two years. . million from the soda tax over the next two years. (GeekWire Photo / Kurt Schlosser). Impact of industry layoffs.
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Ex-Microsoft engineer gets 9 years in prison after using digital currency scheme to buy $1.6M lakefront home, $160K Tesla
GeekWire
NOVEMBER 9, 2020
He filed fake tax forms and said the bitcoin was a gift from a relative. It’s the nation’s first Bitcoin case with a tax component. He also used test email accounts associated with other employees. After seven months of illegal activity, Kvashuk transferred about $2.8 million in bitcoin to his bank and investment accounts.
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Seattle-area tech exec gets 2 years in prison in $5.5M scheme to defraud COVID relief program
GeekWire
AUGUST 24, 2021
pleaded guilty to charges of wire fraud and money laundering on March 15. In support of those applications, submitted fake and altered documents, including fake federal tax filings and altered incorporation documents. had dozens of employees and paid millions of dollars in employee wages and payroll taxes.
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Your next laptop may come with a cryptominer, courtesy of Norton
The Verge
JUNE 2, 2021
As far as actually using their gains, a Norton spokesperson tells The Verge there will be a button that allows users to “pull money into Coinbase.”. Think Kindle with Special Offers, except it’s taxing your computer’s GPU. The company also says that it’ll store users’ crypto wallets in the cloud, with its own Norton Wallet.
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Seattle-area tech exec pleads guilty in scheme to obtain and launder $5.5M in PPP loans
GeekWire
MARCH 15, 2021
Mohan submitted fake and altered documents, including fake federal tax filings and altered incorporation documents, and misrepresented to a lender, for example, that in 2019 his company Mahenjo Inc., had dozens of employees and paid millions of dollars in employee wages and payroll taxes.
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How “windfall profits” from AI companies could fund a universal basic income
Vox
JULY 28, 2023
There’s a lot of money in AI. The first, and most important over the long-term, is taxes: There are a whole lot of ways to tax capital income, like AI company profits, and then redistribute the proceeds through social programs. The proposal also doesn’t specify where the money would actually go.
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Atos staves off bankruptcy, casts wider net for refinancing
CIO Business Intelligence
APRIL 9, 2024
But the company is out of ideas for finding new money after the collapse of plans to sell its legacy infrastructure management business to an investment fund and its big data business to Airbus. billion in new money, including up to €600 million in equity — and invited existing stakeholders and potential new investors to make it an offer.
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World’s largest crypto exchange Binance is reportedly under investigation
The Verge
MAY 13, 2021
Cryptocurrency exchange Binance is being investigated by the Internal Revenue Service and the Department of Justice, Bloomberg reports , with officials who handle money laundering and tax offenses in particular taking a interest in Binance’s business. Illustration by Alex Castro / The Verge.
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Seattle companies, charities give $10M to fund effort to decrease homelessness in downtown
GeekWire
FEBRUARY 17, 2022
The private money comes as companies prepare for employees to return to the office with the Omicron variant receding. Seattle passed a tax in 2020 on the highest salaries at companies in the city with annual payroll expenses of $7 million or higher.
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Elon Musk says he has moved to Texas, calls California overly ‘complacent’
The Verge
DECEMBER 8, 2020
Musk also stands to save a lot of money on income taxes by moving to the Lone Star State. The billionaire CEO is slated to earn more than $50 billion in stock options, and he would have to pay income taxes on the profits when he exercises them if he remained in California. Texas, however, has no personal income tax.
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Stop Paying the Apple Tax
Gizmodo
AUGUST 20, 2020
The Apple tax is no joke, but neither is a typical Apple owner’s fear of popping open their systems and feeding their Mac some extra-delicious low-cost memory. But here’s the thing: If you pay Apple for RAM that you can install yourself, you’re wasting money. Read more.
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