PYMNTS

JULY 7, 2020

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

Taxes 141

Taxes Google Seattle National 141

PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs And Manual Tax Frustrations. Digitizing these processes can ease SMBs’ tax frustrations. Spring may seem far away, but U.S.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

SEPTEMBER 27, 2019

Countries around the globe are launching new digital sales taxes in efforts to improve their revenue streams and create more balanced business environments for domestic brick-and-mortars and foreign eCommerce marketplaces. Around the Next-Gen Sales Tax world. in response, threatened a variety of retaliatory taxes.

Taxes 109

Taxes Trends Policies Compliance 109

PYMNTS

AUGUST 24, 2018

Electronic payments company ACI Worldwide is integrating its technologies with SPAN Enterprises , a tax filing technology provider, to power tax payments for the fleet industry. ExpressTruckTax provides compliance to the trucking fleet industry, as companies with vehicles operating on public highways have specific filing requirements.

Taxes 100

Taxes Payments Cards Industry 100

PYMNTS

JANUARY 24, 2021

Cygnet Infotech promotes FACE as a product that handles not only conventional accounting processes, but also provides specialized handling of challenges around goods and services taxes. One facet of helping with compliance is the automatic recording of journal entries.

Taxes 178

Taxes Compliance Software Fraud 178

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

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

PYMNTS

FEBRUARY 28, 2020

One of the latest FinTech firms to do so is accounts payable (AP) automation company Centsoft , which recently announced a data integration with QuickBooks Online. Global expansion of business operations is one trend likely to place new pressures on AP departments, said Cichy — in more ways than one.

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

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Electronic Tax Return Reader (ETRR). Stress Testing By automating business loan operations with the products listed, banks and credit unions are able to make good loans faster and minimize risk. Loan Decisioning.

Software 150

Software Report United States Compliance 150

PYMNTS

DECEMBER 2, 2019

million tax-exempt groups active in the U.S., These organizations need to demonstrate to donors and community members that donations were spent appropriately to retain tax-exempt statuses and encourage future donations. . There are approximately 1.56 The agency found these nonprofits generated $2.5 trillion in revenues and $2.4

Management 141

Management Taxes Groups Regulation 141

PYMNTS

OCTOBER 8, 2019

That challenge is undoubtedly a major headache for the companies operating in this sector, which are often small businesses. The company is now collaborating with city and municipality officials to introduce a solution that enables industry companies to pay their taxes electronically, too. A Shifting Regulatory Landscape. With the U.S.

Compliance 114

Compliance Guidelines Industry Taxes 114

Abrigo

JANUARY 14, 2021

payroll, tax forms) Employee/employer collusion Newly created and/or multiple bank accounts with abnormal transaction activity Consumer accounts rather than business accounts Rapid movement of money in and out of accounts Withdrawals made via cash or apps (i.e., Additional Compliance Checks Required.

Fraud 195

Fraud Compliance Community Trends 195

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

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

NOVEMBER 16, 2017

And the team got another crash course in tax compliance after the first year, when a lack of planning left them scrambling at tax season to hunt down information and vendors — some of whom had since gone out of business. It was a nice crash course early on,” Wu said. It just took a while to find the right one. 7 at 12:00 p.m.

Taxes 115

Taxes Compliance Course Payments 115

PYMNTS

AUGUST 20, 2019

That’s especially important as businesses gain scale, as they expand reach into new geographic areas — and as they grapple with AP operations. 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

MARCH 27, 2019

. “We’re excited to be partnering with innovative organizations such as Big Bang ERP, Procurify and Tesorio to bring highly scalable payables operations to a wider audience,” said Tipalti CEO Chen Amit in a statement. The enhanced integration aims to strengthen control and communication for both ends of the transaction.

Taxes 115

Taxes Compliance Management Payments 115

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. which owns and operates two dozen gambling properties in seven states, including Nevada and Louisiana. technology hub.”.

United States 101

United States Online New York Louisiana 101

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.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

JULY 23, 2018

subscribers can now organize payroll entirely online, with all federal, state and local payroll taxes automatically paid and filed. According to Gusto Chief Operations Officer Lexi Reese, “We first began our partnership with Xero five years ago and, since then, they have quickly become one of the most popular integrations on Gusto.

San Francisco 101

San Francisco Denver Software Taxes 101

PYMNTS

SEPTEMBER 6, 2019

Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week. Also operating in India, supply chain financing FinTech Cashflo revealed $3.3 million in Series A funding from SAIF Partners, reports in VCCircle said this week.

Fintech 155

Fintech Capital Lending Operations 155

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

DECEMBER 2, 2016

According to its cofounder, Aditya Tulsian, incoming tax regulation changes, along with India’s recent demonetization, mean SMEs are going digital and will need to keep better track of funds. Wholesalebox said it will use the funds to expand operations into new markets and scale its technology infrastructure. Baoku Online.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

OCTOBER 17, 2018

This forces many operations to continue using cash. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. We want to make sure every ‘t’ is crossed and every ‘i’ is dotted,” Sbrega said.

Colorado 126

Colorado Massachusetts US Industry 126

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

AUGUST 5, 2019

That new industry is growing, and new services, including online ordering and delivery, are rising to meet consumer demands for legal pot. One of the toughest parts of Know Your Business (KYB) compliance is understanding that the bad guys mimic what the good guys already do. Onboarding Stage.

Company 163

Company Payments Fraud Meeting 163

Jeff For Banks

MARCH 27, 2022

Imagine, holding lenders accountable for the continuous pre-tax profit and ROE improvement of their loan book, like the table below. A bank CEO recently asked me if I thought using branch pre-tax profit rankings amongst all of his bank's branches would be an incentive that is consistent with the bank's strategy.

Montana 78

Montana Taxes Strategy Leadership 78

PYMNTS

APRIL 1, 2019

Companies are also turning to digital marketplaces to tap into workers’ expertise while lowering operating costs. . The initial connection between workers and employers is made online, and many gig workers conduct the entirety of their contract online as well, never setting foot inside an office.

Payments 183

Payments Survey Online Company 183

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. A key characteristic of payment initiation under PSD2 is its use of Faster Payments in the U.K.,

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

JUNE 4, 2020

From an instant payment perspective, it has now become much more important to be able to manage the fraud in real time online,” said Tino Kam , head of transaction banking at Finland-based Nordea Bank , in a recent interview with PYMNTS. This customer-focused perspective could help ease banks’ operations beyond the field of B2B payments.

Security 151

Security Fraud Payments Compliance 151

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. Deciphering obligations.

Taxes 131

Taxes Policies Compliance Retail 131

PYMNTS

SEPTEMBER 13, 2017

We all know the lure of China’s consumers for retailers and merchants of all stripes and sizes operating across the globe. Gathering wallet share of hundreds of millions of young, urban and newly flush Chinese consumers as they search online for goods and services is increasingly attractive for merchants and marketplaces alike.

San Francisco 101

San Francisco Compliance Regulation Branding 101

PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Second-quarter net income was impacted by a $481 million one-time expense resulting from a key Supreme Court decision related to online sales, South Dakota v. Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. .

South Dakota 101

South Dakota San Francisco Indiana Wisconsin 101

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. There are many online merchants out there that have static, hard-coded tax rates in their systems.”.

Taxes 131

Taxes South Dakota Software Compliance 131

PYMNTS

JULY 3, 2018

Everyone thinks of win rates differently, and people use their metrics differently,” said Pallavi Kuppa-Apte, Head of Business Operations, Chargehound. Obstacles such as regulatory challenges, compliance with standards like GDPR and trade concerns were among the top reasons that companies were unable — or chose not — to go global.

National 101

National Charlotte Regional Operations 101

PYMNTS

NOVEMBER 29, 2019

By some estimates, total dollars spent online through the holidays should grow by about 14 percent, to as much as $143.7 And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. States have been defining their parameters for economic nexuses.

Taxes 134

Taxes South Dakota New York Nebraska 134