PYMNTS

OCTOBER 24, 2019

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

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. As he told PYMNTS, challenges confront eCommerce firms that seek to understand the broad range of compliance and taxation frameworks that can differ greatly among the countries into which they sell.

Taxes 123

Taxes Course Company Training 123

CB Insights

NOVEMBER 30, 2021

Fonoa , a provider of automated tax compliance tools, has raised $25M in a Series A round. At present, the company offers tax automation services in 100+ countries, and it plans to expand to 140+ countries by the end of 2021. Examples include Uber, Lime, Zoom, GoStudent, and Teachable. HOW’S THE COMPANY PERFORMING?

Taxes 36

Taxes Compliance Tools Company 36

PYMNTS

APRIL 26, 2019

In the world of supply chain compliance, complex regulatory requirements like Know Your Customer (KYC) and anti-money laundering (AML) probably come to mind. There are also the challenges of supplier management, tax legislation, cross-border compliance, worker protection and more.

Compliance 147

Compliance Policies Guidelines Examples 147

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

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Smooth B2B operations depend on robust data gathering, but many companies rely on manual methods to collect information and complete supplier enrollment.

Data 166

Data Management Taxes Meeting 166

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift. Disruption Ahead.

Data 260

Data Taxes Analytics Resources 260

FICO

MARCH 16, 2018

Social Network Analysis (SNA) tools hold the potential to help tax and revenue agencies identify non-compliance and tax fraud. These tools have been proven to be effective in fraud detection¹, but to date haven’t been utilized to any large degree at tax agencies. Opportunities for Tax Agencies.

Analysis 45

Analysis Taxes Fraud Compliance 45

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. Financial Companies’ Security And Regulatory Obligations .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

AUGUST 6, 2019

“Louisiana represents a special market for MTrac,” said the firm’s Chief Compliance Officer Jason LeBlanc in a statement, who added that MTrac’s payments platform makes Louisiana “the first state in the nation that will not be subjected to the cannabis industry’s all too common ‘cash only’ environment.”.

Louisiana 135

Louisiana Payments Taxes Maine 135

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. ” From Onboarding to Compliance.

Taxes 131

Taxes Compliance Payments Data 131

Cisco

APRIL 26, 2022

Some familiar examples are receiving banking fraud alerts on mobile devices, submitting photos for insurance adjustments, or using robo-advisors for investment decisions. Their goal is to move beyond tax-related services to deliver a holistic financial services platform to small businesses and their employees, inclusive of banking services.

Big Data 148

Big Data Data Analytics Examples 148

PYMNTS

SEPTEMBER 17, 2020

"Bad habits of saving important documents any old place, and assuming you and coworkers can easily find them later, rarely flies in industries where compliance is key.". Take the electronic invoice, for example. The goal of increasing operational efficiency is universal.". Organization is organization," said Wood.

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

DECEMBER 18, 2018

The tax man cometh, logging miles — in a manner of speaking. The mileage rate increase should spur businesses to consider how they reimburse the drivers who are part of everyday business operations, especially in the age of the mobile (literally) worker. On Friday (Dec. Beginning Jan. 1, 2019, the rates go to $.58

Compliance 148

Compliance San Francisco Operations Taxes 148

Abrigo

FEBRUARY 23, 2023

In such an environment, community banks should focus on the power of their relationships with customers, according to Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking; lending, loan review, back-room operations, portfolio management, portfolio analytics, and credit policy. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

MARCH 26, 2018

Take the market’s VAT legislation, for example. Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

FEBRUARY 21, 2019

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 Intuit BaaS offering is one example of that focus, Green Dot Chief Revenue Officer Brett Narlinger told Karen Webster earlier this month.

Taxes 188

Taxes User Experience Cards Operations 188

PYMNTS

FEBRUARY 21, 2019

As Lackey explained during the webinar, the rate is based on country-wide averages, such as fuel prices and vehicle depreciation, and is not forward-looking, but “reflects the cost from the prior year” of operating an automobile on a per-mile basis in the U.S. Different Programs. Different Programs.

Taxes 128

Taxes San Francisco New York City Case Study 128

PYMNTS

NOVEMBER 1, 2018

Take, for example, markets like the food and beverage, pharmaceutical and medical supplies space. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. At the same time, however, embrace of technology is high.

Taxes 122

Taxes California Regulation Innovation 122

Abrigo

FEBRUARY 5, 2021

3 asked the Small Business Administration (SBA) to address quickly “significant operational, system and communication challenges,” including applications being erroneously denied due to validation checks in place this round. Nobody should fault the SBA for trying to be good custodians of our tax dollars or drive internal efficiencies.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

MAY 24, 2016

The task,” he told PYMNTS, “is to remove the human operation, the manual operation” of such tasks, and bring them into arenas where speed and accuracy are not mutually exclusive.

Compliance 100

Compliance Examples Taxes Payments 100

PYMNTS

NOVEMBER 16, 2017

For example, Wu said, “When we started to sell furniture, we thought, well, let’s see if people want to buy it, and then we’ll figure out how to ship it.”. Making sure he got all that straight was a big chunk of those weekly hours Wu spent managing the company’s payables operations. It was a nice crash course early on,” Wu said.

Taxes 115

Taxes Compliance Course Payments 115

PYMNTS

FEBRUARY 13, 2017

For merchants, conducting cross-border trade often means following another nation’s local rules around payment acceptance, compliance, taxes and physical requirements and a host of other factors that vary between borders. Companies that are not in compliance with another nation’s trading rules can be in for a rude awakening.

Compliance 100

Compliance Taxes Regulation Operations 100

PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. BitRail doesn’t yet operate in the B2B payments space. ”

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

Abrigo

JULY 17, 2017

He is also sharing tips for ensuring compliance with overarching consulting services standards in the accounting profession. The typical services of audit, tax and bookkeeping require primarily technical expertise – mastery of audit and accounting standards, an understanding of tax law and regulations, and the ability to apply them.

Honolulu 150

Honolulu Taxes eBook Leadership 150

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. AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. 10 NBFI AML Compliance Essentials.

Training 195

Training Regulation Report Compliance 195

PYMNTS

APRIL 19, 2019

payroll processing company Payescape , said this area of the back office may have a larger influence on how accountants operate than some may believe. That’s particularly true when it comes to compliance and data security. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

PYMNTS

AUGUST 5, 2019

Whether those allegations are proven true or not, the case at least provides an example of some of the risks and problems that can occur, and challenges faced by legitimate companies determined to stay firmly on the right side of the law. According to a new lawsuit, though, one company allegedly found a way around that. The good news?

Company 163

Company Payments Fraud Meeting 163

Insights on Business

JANUARY 21, 2020

This makes sense, as two of the legitimate uses of shell companies are the ability to shield owners from litigation and as a vehicle for tax avoidance (not evasion). Besides reducing tax burdens, shell structures are a great mechanism for hiding money laundering and funds from organized crime activities as well.

Company 103

Company Taxes Data Management 103

PYMNTS

MARCH 27, 2020

TrueLayer, which offers open banking application programming interfaces (APIs), recently announced an expanded partnership with ANNA Money , a provider of mobile-friendly business account, card and tax management services to small businesses.

Payments 151

Payments Innovation Security Guidelines 151

Insights on Business

JANUARY 21, 2020

This makes sense, as two of the legitimate uses of shell companies are the ability to shield owners from litigation and as a vehicle for tax avoidance (not evasion). Besides reducing tax burdens, shell structures are a great mechanism for hiding money laundering and funds from organized crime activities as well.

Company 91

Company Taxes Data Management 91

PYMNTS

JUNE 4, 2020

The share of B2B transactions conducted via check has fallen 50 percent since 2004 and hit an all-time low of 42 percent last September, for example. B2B payments traditionally involved tedious manual bookkeeping and companies had to ensure they were deposited correctly and accounted for on their taxes.

Security 151

Security Fraud Payments Compliance 151

PYMNTS

JUNE 10, 2020

Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the years on a global stage — and it’s only going to increase. One significant example can be found in the 2018 Supreme Court ruling known as South Dakota v.

Taxes 131

Taxes South Dakota Software Compliance 131

PYMNTS

JANUARY 17, 2019

It’s also about accounting for the industry in which a business operates, and what kind of back-end systems are already in place, even geographic location — all of which impact the way small businesses want to manage and pay their employees. ” In the U.S.,

Capital 173

Capital Tools Survey Management 173

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. for example. . he said.

Taxes 131

Taxes Policies Compliance Retail 131

PYMNTS

JULY 31, 2019

By way of example, he noted that some of Tipalti’s customers are marketplace platforms, existing as two-sided networks where the supply chain (vendors contributing content, for example) are also revenue drivers.

Payments 174

Payments Capital Data Examples 174