Buy Now, Pay Later Is Quietly Breaking Your Books: A Merchant's Guide to Accounting for Klarna, Affirm, and Afterpay
BNPL providers pay merchants the full sale price minus a fee, then report gross volume on a 1099-K — so recording only the net deposit understates revenue and triggers IRS underreporter notices…
Read the full articleYou might also wanna read
Satirical Analysis of Buy Now, Pay Later Services
Services such as Klarna, Affirm, and AfterPay, which offer users “buy now, pay later” financing, have surged in popularity among U.S. consum
Americans turn to buy-now-pay-later services for gas and groceries amid rising costs
Cash App cardholders can now make buy-now-pay-later payments through Afterpay
Crypto 1099 Mismatches Are Building Right Now. Here's How to Fix Them.
Brokers are reporting 1099-DA forms with zero or incorrect cost basis for transferred crypto. CPAs who reconcile now will save clients from

Crypto Brokers Filed Wrong Cost Basis. IRS Notices Are Going Out.
Brokers can't report cost basis for crypto transferred between exchanges. The IRS flags every mismatch. Here's what CPAs should do before cl
Buy Now, Pay Later: The Rise of Responsible Installment Payments
More and more consumers are opting for flexibility at checkout. Consequently, installment payments - also known as Buy Now, Pay Later (BNPL)
How One Developer Built Brazilian Capital Gains Tax Logic Into a Django Service
A solo developer building Balance, a portfolio rebalancing app, created a Django service called IRReportService to automate Brazilian stock

Comments
Sign in to join the conversation.
No comments yet. Be the first.