PYMNTS

OCTOBER 11, 2019

In the digital age, it’s become easier than ever for companies of all sizes to broaden their reach and sell to new markets. But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes.

Taxes 123

Taxes Course Company Training 123

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

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

NOVEMBER 19, 2019

The compliance burden of a legal marijuana business having to manage regulations that vary by state, and between the state and federal level, has created a banking conundrum for a market forced to rely heavily on cash. But the compliance challenges associated with this market are not easily (or quickly) addressed.

Company 109

Company Compliance Payments Taxes 109

PYMNTS

FEBRUARY 28, 2020

B2B payments market. Global expansion of business operations is one trend likely to place new pressures on AP departments, said Cichy — in more ways than one. ” There is also the growing risk of tax compliance, as markets like Europe and Latin America move to capture greater tax revenues.

Taxes 209

Taxes Data Fintech Compliance 209

PYMNTS

OCTOBER 3, 2019

In addition to an eCommerce platform enabling cannabis businesses to legally procure inventory, Dama Financial will facilitate compliance financial transactions between B2B vendors and merchants. Amercanex will give these business owners the opportunity to maintain and grow their business operations online in a secure and legitimate way.”.

Compliance 130

Compliance Industry California Taxes 130

PYMNTS

OCTOBER 9, 2019

In other news, the SIX Digital Exchange (SDX) announced that it is joining forces with the Swiss National Bank (SNB) on a proof of concept to look into how digital central bank money could be used in the settlement of tokenized assets between market participants. “As We are starting to see more demand pick up in the market,” Lim said.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

AUGUST 6, 2019

The platform will go live the same day the state’s legal medical marijuana market goes live, Tuesday (Aug. MTrac added in its announcement that it aims to operate as an example for other states that have legalized marijuana for recreational and/or medical use. Global Payout Inc. subsidiary MTrac Tech Corp. announced Monday (Aug.

Louisiana 135

Louisiana Payments Taxes Maine 135

Abrigo

FEBRUARY 23, 2023

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Check out our 1071 compliance resources. The result? The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

OCTOBER 23, 2020

We see it when companies get wrong advice, such as, 'hire global contractors,' when they don't understand the tax complexities, the Permanent Establish risks, and so on," Guez warned. Payroll is a complex workflow that combines both the movement of money with regulatory compliance needs. Beware The Quick-Fix Traps.

Compliance 143

Compliance Strategy Regulation Taxes 143

PYMNTS

AUGUST 20, 2019

Middle market companies need help navigating the complexities of accounts payable management, especially when it comes to cross-border, cross-currency payments. That’s especially important as businesses gain scale, as they expand reach into new geographic areas — and as they grapple with AP operations.

Management 127

Management Payments Taxes Software 127

PYMNTS

OCTOBER 14, 2020

With the treasury market for S&P 500 companies valued at $2.3 Treasury desks will diversify money market and CD portfolios into these assets as digital assets are better understood and regulated, thereby improving risk/reward profiles,” Ehrlich said. Ehrlich said stablecoins, including the U.S.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

NOVEMBER 1, 2018

In the rare instance that a new market emerges, using the blueprints that other industries have created in supply chain management, logistics, procurement and other areas may seem like the easy path to take. Take, for example, markets like the food and beverage, pharmaceutical and medical supplies space.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

MAY 23, 2017

“Technology continues to break down barriers between cultures, and businesses are continuing to look abroad to access new markets and expand their customer base.”. firms explored cross-border markets. percent) said their global expansion is to open new markets and increase market share. Instead, nearly half (45.6

US 100

US Compliance Taxes Trends 100

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. “Some observers will define the market as $10 million in the top line to $1 billion.

Management 116

Management Compliance Taxes Marketing 116

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.". The goal of increasing operational efficiency is universal.". "A desktop full of PDFs can be just as frustrating as piles of paper on your actual desk," said Wood.

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Take the market’s VAT legislation, for example. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

JULY 15, 2020

If Wirecard had done so, Cranston wrote, “it would most likely have used it to negotiate on price, but it did not do that, paying what it did because of its assessment of what was needed to gain the strategic access Hermes provided to the Indian market,” according to FT.

Fraud 160

Fraud Taxes Groups Compliance 160

PYMNTS

SEPTEMBER 12, 2019

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. financial institutions (77 percent) for AML compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

JULY 16, 2019

Xolo Go aims to accelerate freelancers’ ability to launch their business by connecting them to bank accounts, invoicing, expense management and payout functionality, while Xolo Leap supports the launch of EU-registered business with banking, accounting and tax compliance services. Our aim is to cut that down to near-zero.

Tools 100

Tools Compliance Taxes National 100

PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. However, participation from the traditional financial services sector isn’t necessarily a requirement when it comes to crypto adoption, even in the B2B payments market, according to BitRail Co-founder and Vice Chairman Cameron Chell.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

Abrigo

SEPTEMBER 1, 2021

Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.” . Going Forward.

Training 195

Training Regulation Community Austin 195

PYMNTS

NOVEMBER 20, 2020

Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. The world is flattening for businesses of all sizes that now find it easier than ever to expand across borders.

Compliance 154

Compliance Data Trends Payments 154

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. He noted that Worldpay’s 2016 Global Payments Report anticipates the global eCommerce market will grow by 10.4

Compliance 100

Compliance Taxes Regulation Operations 100

PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. France is a precursor.

Regulation 143

Regulation Company cryptocurrency Taxes 143

PYMNTS

AUGUST 6, 2019

With government agencies working to combat tax evasion and fraud, eInvoice mandates mean a reduced risk of invoice fraud and greater visibility into trade and transactions. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges. On Monday (Aug. Additionally, reports on Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

JUNE 7, 2018

In an announcement sent to PYMNTS on Wednesday (June 6), Arro Money said it has rolled out its account designed for entrepreneurs that operate independently. Sole traders looking to open an account with Arro must provide a proof of identification and letter to verify their address.

Taxes 133

Taxes Compliance Meeting Mobile 133

PYMNTS

MARCH 27, 2019

Accounts payable (AP) automation company Tipalti is expanding its reach into the market by partnering with three new B2B companies, which will extend Tipalti’s solutions to their own customers.

Taxes 115

Taxes Compliance Management Payments 115

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. The advantage of working capital is obvious to some degree.

Management 150

Management Resources Capital Taxes 150

PYMNTS

OCTOBER 17, 2018

GFA joins a small, but steadily growing, group of CUs that are offering financial services to this emerging market. This forces many operations to continue using cash. Marijuana retailers] want to think about growing their businesses, enhancing operations and taking care of their employees,” she said.

Colorado 126

Colorado Massachusetts US Industry 126

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. However, Steven Jones, business development manager of U.K. In the U.K., In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

OCTOBER 31, 2016

B2B trade and spend management firm Tradeshift is not only expanding its operations in Australia, but it’s setting up new offices there. The company announced Friday (Oct. 28) that it will open offices in Sydney to focus on serving Australian and New Zealand businesses, banking on the region’s solid economy.

Regional 100

Regional Taxes Compliance Operations 100

PYMNTS

AUGUST 5, 2019

In a new PYMNTS discussion, Karen Webster and Zac Cohen, general manager at Trulioo , used that lawsuit as a stepping off point to talk about how criminals get past anti-money laundering and other laws designed to keep payments honest, and what above-the-board firms and operations can do to stop it. Onboarding Stage.

Company 163

Company Payments Fraud Meeting 163

PYMNTS

FEBRUARY 5, 2020

Typically, McGuire stated, a firm operating only in the U.S. AP automation tackles those (and other) back-end functions, such as streamlining the onboarding of gig personnel, automating tax compliance for their W-9s, paying global freelancers in local currencies, reconciling payments and integrating with ERP systems.

Capital 152

Capital Taxes Compliance Payments 152

Gonzobanker

OCTOBER 26, 2021

Cornerstone Advisors estimates $145 billion of pre-tax revenue has disappeared for bankers via margin compression in only the past two years. Whatever the good intentions of these new mandates, any new compliance orders require resources, change management, and an understanding of the unintended risks that could arise.

Leadership 97

Leadership Compliance Strategy Branding 97

PYMNTS

JANUARY 14, 2019

The FinTech that sets its sights on Africa must grapple with the vagaries of 54 markets, 54 central banks, disparate tax and legal policies, and changing foreign exchange ( FX ) rates. This deal allows Emergent to extend operations of its digital payments operation, Emergent Payments, into 70 emerging markets.

Mobile 212

Mobile social media Taxes Technology 212

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., ” In the U.S.,

Capital 173

Capital Tools Survey Management 173