Remove Illinois Remove Management Remove Regulation Remove Taxes
article thumbnail

Remote Seller Taxation: A Job For Tax Automation

PYMNTS

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. To date 43 states and Washington, D.C.

Taxes 130
article thumbnail

When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Sales taxes empower governments to maintain critical public services, but they can also make medical essentials too expensive for those who need them. Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. Sales taxes’ price tags.

Taxes 146
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Auto-Tracking Road Warrior Employees As The Wheels Go ‘Round

PYMNTS

In Illinois, and a handful of other states, changes in how employees are reimbursed for business-related expenses herald changes on a broader scale, and in how firms use technology to make sure that expenses are being recorded accurately. Miles To Go For Mileage Reimbursement.

Illinois 163
article thumbnail

Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175
article thumbnail

Motus On Mapping Mileage Reimbursement

PYMNTS

The tax man cometh, logging miles — in a manner of speaking. Lackey related to PYMNTS that a number of inputs go into calculating the standard rate, including fixed costs such as insurance, registration fees and taxes. On Friday (Dec. 03 hike in the offing) can have an impact on the bottom line. Compliance Concerns.

article thumbnail

Why Digital IDs Need A ‘Trust Anchor’

PYMNTS

For example, the Illinois Supreme Court ruled earlier this year that companies can be sued for biometric data collected without users’ consent. In those verticals, there is a continued and growing need to combat crime and terrorism and satisfy an environment zeroed in on anti-money laundering (AML) and Know Your Customer (KYC) regulations. “As

Data 130
article thumbnail

Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

Nasdaq: OSBC) Old Second is a single-bank holding company headquartered in Aurora, Illinois. That got regulator's attention in the form of a May 2011 Consent Order (CO). Today, NPL/total loans is a manageable 0.94%, and the Bank ROA/ROE year-to-date is 1.22% and 11.61% respectively. (Nasdaq: MBTF) #5. BNCCORP, Inc.