PYMNTS

SEPTEMBER 3, 2019

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. 2018: The year of the Supreme Court decision in the South Dakota vs. Wayfair case. All this, Today in Data. Data: 8,000: Square footage of The North Face’s recently opened store in Soho.

Taxes 122

Taxes South Dakota Technology New York 122

PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

Taxes 129

Taxes Online South Dakota Louisiana 129

PYMNTS

OCTOBER 28, 2019

The 2018 South Dakota v. Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

NOVEMBER 22, 2019

The 2018 South Dakota v. Wayfair ruling allowed counties, states and municipalities to pass laws to tax out-of-state sellers and the eCommerce marketplaces that serve them, but the ruling did not disclose specifications on what such laws must look like. still-developing tax landscape, and explores other critical updates.

South Dakota 159

South Dakota Taxes Missouri Compliance 159

PYMNTS

OCTOBER 24, 2019

The 2018 South Dakota v. Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101

Taxes San Jose Kansas South Dakota 101

PYMNTS

JULY 26, 2018

The American Institute of Certified Public Accountants (AICPA) submitted recommendations to policymakers this week, urging clarity and simplification in how the Tax Cuts and Jobs Act impacts small business (SMBs) accounting rules. The letter outlined eight recommendations for the Tax Cuts and Jobs Act.

Taxes 100

Taxes Capital Compliance Survey 100

PYMNTS

MARCH 23, 2018

tax reform on their organizations. Forty-two percent of professionals surveyed said they believe tax reform will lead to significant economic benefits for their organizations, TD Bank said. as a result of tax reform. A new survey from TD Bank suggests corporate treasurers have mixed outlooks on the impact of U.S.

Taxes 100

Taxes Survey Capital Compliance 100

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

DECEMBER 7, 2020

government, the digital industry contributed almost 150 billion pounds (roughly $201 billion) to the country’s economy in 2018. The news comes after Italy’s antitrust watchdog issued a 10-million-euro penalty in 2018 over "planned obsolescence" of phones. Canada Looks to Tax International Tech Firms. According to the U.K.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

NOVEMBER 10, 2020

Part of an investigation launched in 2018, the updated charge sheet questions if Amazon abused its position to use merchants’ collected data against them. Apple faced €13 billion in back taxes to Ireland. In the September PYMNTS big tech compliance tracker tracker, Facebook considered pulling out of the EU over regulations. .

Data 185

Data Illinois Taxes Compliance 185

FICO

DECEMBER 12, 2017

Looking ahead to 2018, I predict a rising trend for organizations to do four things better than today in the realm of financial crime. A holistic approach would have one customer risk classification used that would consider any available information, whether that comes from a fraud system, the CISO’s system or a compliance system.

Compliance 55

Compliance Taxes Fraud Trends 55

PYMNTS

OCTOBER 25, 2019

The 2018 South Dakota v. tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Fraud 189

Fraud Fintech Compliance Regulation 189

Gonzobanker

MAY 14, 2018

Banks should engage customers digitally and write about “helping customers with their taxes or something [valuable]… earning the right to promote.” The post Financial Brand Forum 2018: 7 Takeaways in 7 Minutes appeared first on Gonzobanker. Even safe deposit boxes might go away with digital documents,” he said.

Branding 127

Branding Industry Apple Marketing 127

PYMNTS

MARCH 5, 2019

tax authority, HM Revenue & Customs (HMRC), conducted a week-long investigation into 50 estate agents suspected of trading without being registered. million over 2017 to 2018. According to Financial Times ( FT ), the U.K.

Compliance 134

Compliance Training Taxes National 134

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

FICO

JANUARY 18, 2019

Despite advances in customer due diligence, including the addition of advanced analytics to compliance officers’ toolkits, the scandals of 2018 confirmed that many banks are struggling to bring their operations up to regulators’ standards, to say nothing of best practices. Know Your Customer. Detection and Alert Handling.

Compliance 40

Compliance Regulation Taxes Analytics 40

Abrigo

JUNE 10, 2020

LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. If you don’t have compliance from the top down, document it, and look for another job,” she says.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

DECEMBER 28, 2018

Researchers this year released new data on banks’ KYC adherence that highlights just how imperative it is that the financial services industry is able to more adequately address the challenges of compliance. The Big KYC Trend From 2018. See what Bergal had to say below.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

SEPTEMBER 12, 2019

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. financial institutions (77 percent) for AML compliance. financial services firms is $26.4

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

FEBRUARY 2, 2021

Tax compliance has never been a simple issue for businesses. Enter Software as a Service (SaaS), and even tax codes have been playing catch-up with the subscription business. As the marketplace shifts toward a more SaaS-based strategy, you can be sure that we're going to see a shift in tax guidance as well.”.

Taxes 220

Taxes Software Compliance United States 220

PYMNTS

JUNE 25, 2018

In advance of the upcoming webinar titled “RegTech: Transforming Compliance Through Enabling Technology,” Clayton Mitchell, principal of Crowe Horwath , stated that RegTech’s effectiveness can be limited by internal factors. At the same time, risk and compliance professionals still are inundated with manual tasks. Taking on more risk?

Risk Management 167

Risk Management Strategy Management Compliance 167

PYMNTS

AUGUST 20, 2019

In a release, Tipalti said earlier this month that it saw an increase of 250 percent in customer bookings in the first half of 2019 compared to the first half of 2018. One solution may address tax issues, another currencies, and so on — and that approach, he said, works well for larger firms, but decidedly less well for everyone else.

Management 127

Management Payments Taxes Software 127

PYMNTS

JANUARY 22, 2020

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. billion in check disbursements in 2018, significantly costing these departments.

Idaho 130

Idaho Illinois Innovation Tennessee 130

PYMNTS

NOVEMBER 22, 2019

Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference that the Federal Reserve is mulling an audit of the governance structures and compliance policies of tech firms. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v. Wayfair case.

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

OCTOBER 18, 2019

A document titled “Central Bank Money: The Next Generation,” part of a two-year research project, was reportedly presented to the current Bank of Canada Governor Stephen Poloz in 2018. MSBs will now include domestic and foreign businesses “dealing in virtual currency,” Canada’s government said. “As

cryptocurrency 102

cryptocurrency Taxes Compliance Regulation 102

PYMNTS

DECEMBER 18, 2018

The tax man cometh, logging miles — in a manner of speaking. For where there are reimbursement considerations, compliance issues are close at hand. 58 per mile, up three and half cents from 2018’s rate. Compliance Concerns. When it comes to reimbursement, compliance issues need scrutiny, too. On Friday (Dec.

Compliance 148

Compliance San Francisco Operations Taxes 148

PYMNTS

JANUARY 9, 2019

Blockchain and digital currency startups notched over £200m in funding from venture capitalists in 2018 per Pitchbook and London & Partners data, TheNextWeb reported. The nonprofit is said to be creating a digital currency that comes with a compliance function built in.

Bitcoin 128

Bitcoin Comparison cryptocurrency Taxes 128

Abrigo

FEBRUARY 10, 2022

Since 2016, three serious document leaks have made international news and exposed the activity of powerful political elites or wealthy individuals who used shell companies to disguise the source of funds and avoid taxes. As of 2018, financial institutions must determine beneficial ownership as determined by two prongs: ownership and control.

Training 195

Training Regulation Report Compliance 195

PYMNTS

FEBRUARY 21, 2019

million in net income for the fourth quarter of 2018. Streit also highlighted the firm’s ongoing collaboration with Intuit , with its Turbo Tax solution enabling users to receive tax refunds on a Prepaid Visa Card issued by Green Dot. The firm saw $6.2 billion in purchase volume during Q4, up from $5.65

Taxes 188

Taxes User Experience Cards Operations 188

PYMNTS

JULY 5, 2018

The tool helps businesses mitigate payroll compliance risk. Furthermore, USA Payroll provides customers with payroll and tax services, timekeeping, third-party administration and other back-office services. Financial terms of the acquisition were not disclosed, but Asure said it has revised its 2018 financial outlook.

Marketing 108

Marketing Software Taxes Resources 108

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. Unfortunately, the report found, recent tax reform in the U.S.

Fraud 115

Fraud Survey Taxes Regulation 115

Abrigo

SEPTEMBER 10, 2021

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. The role of BSA staff was typical compliance and very task-oriented. soil. .

Training 195

Training Risk Management Pennsylvania Resources 195

PYMNTS

APRIL 1, 2019

workforce (36 percent) participated in the gig economy during 2018. A December 2018 survey from Connect Solutions found that this kind of remote employment offers perks for both workers and employers. According to a recent report, slightly more than one third of the U.S. That figure is projected to increase to 43 percent by 2020. .

Payments 183

Payments Survey Online Company 183

Abrigo

SEPTEMBER 12, 2019

With the passing of the Agriculture Improvement Act of 2018 (2018 Farm Bill) many manufacturers, retailers, and financial institutions believe CBD products are now fully legal at the federal level. In immediate response to the passing of the 2018 Farm Bill, then FDA Commissioner Scott Gottlieb, M.D. Learn More. Whitepaper.

Retail 150

Retail Policies Regulation Compliance 150

PYMNTS

DECEMBER 8, 2016

. “If you want to roll out eInvoicing across your global enterprise, you need to be mindful of these different regulations in different parts of the globe that you need to be in compliance with,” he said. is slated to introduce its own eInvoice mandate in 2018, at least for the government’s own procurement purposes.

Compliance 100

Compliance Regulation Taxes Fraud 100