PYMNTS

DECEMBER 16, 2019

Is there a better way to deal with online sales taxes ? 10B: Estimated online food delivery fees by 2023. consumers who most often access bank accounts online and via mobile. 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. . 73 percent: Share of U.S.

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PYMNTS

DECEMBER 26, 2019

Merchants aiming to sell nationwide must pay attention to how their goods are treated by each state’s tax code. Items considered as exempt medical necessities in some states may be taxed at high rates in others, and businesses cannot afford to be caught by surprise. Around The Next-Gen Sales Tax Wor ld.

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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.

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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

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PYMNTS

APRIL 5, 2018

Filing taxes is hardly a walk in the park. Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7 Expediting the return process.

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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.

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PYMNTS

JANUARY 4, 2017

Tax reform in the U.K. Government authorities are set to publish proposals that would require SMEs to submit quarterly tax returns online, reports said Tuesday (Jan. It’s an initiative, dubbed Making Tax Digital, the U.K. It’s an initiative, dubbed Making Tax Digital, the U.K.

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PYMNTS

MAY 8, 2020

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . The pandemic is sweeping through an already critical year for online betting. Such sites are expecting major growth in the U.S.,

Online 176

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PYMNTS

APRIL 5, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. who are not required to file taxes, and some 80 percent are eligible for a stimulus check. There are roughly 10 million people in the U.S.

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PYMNTS

MARCH 19, 2018

Tax season, indeed. The regulatory landscape was dotted with news out of Europe centered on the way that tech firms do business — and how they’re taxed. As for taxes , tech behemoths under scrutiny across a separate proposal might face taxation on digital activities of as much as 3 percent of turnover.

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PYMNTS

FEBRUARY 21, 2018

That was on top of news that Walmart’s increased profit-margin pressure was pushing an annual revenue estimate for 2018 that missed investor expectations. That mild miss, Walmart noted, came as the firm pulled forward some investments for tax purposes. Walmart reported earnings of $1.33 percent to 2 percent. Beyond the Numbers.

Online 100

Online Taxes Branding Retail 100

PYMNTS

JUNE 7, 2019

While digital fund disbursements clearly can affect insurance claims, government tax returns and gig economy workers’ paychecks, it’s reimbursements that play a major role for the retail industry. The rise in online shopping means more shoppers needing refunds on returned merchandise. On the other hand, almost all (95 percent) of U.S.

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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

JULY 6, 2020

Amid a pandemic that has shuttered brick-and-mortar casinos, the burgeoning online gambling or gaming space may make it through COVID-19 with less adverse financial effects than other verticals. In 2018, a U.S. The health crisis came in a year that was already set to be a pivotal one for the industry.

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PYMNTS

OCTOBER 3, 2019

sales tax obligations via the company’s sales tax application programming interface (API). Wayfair last year, many online retailers now have to collect sales tax in additional states. TaxCloud is delighted to support retailers’ ability to be compliant with the changing sales tax landscape in the U.S.

South Dakota 164

South Dakota North Dakota Taxes Retail 164

PYMNTS

NOVEMBER 15, 2018

Walmart is apparently expecting the holiday season to be merry and bright in 2018, with raised expectations for the full year following a third quarter with stronger-than-expected earnings. We’re probably about six months away from a slower consumer spending environment, as the boost from the tax reform starts to fade,” he noted.

Retail 116

Retail Taxes Online Report 116

PYMNTS

DECEMBER 7, 2020

Millions of people share creative content or advertise their small business’ goods online,” the British government said in a press release. government, the digital industry contributed almost 150 billion pounds (roughly $201 billion) to the country’s economy in 2018. Canada Looks to Tax International Tech Firms.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

FEBRUARY 5, 2019

5), details emerged about the success and failure of the new online sports betting regime in the U.S. Compare that to Nevada, where bettors made nearly $146 million worth of legal wagers — about 9 percent less than the 2018 Super Bowl — while gamblers in Mississippi put up at least $4.6 But it stands as the major U.S.

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Las Vegas Online Nevada Mississippi 122

PYMNTS

FEBRUARY 27, 2019

One cannot have the good without the bad, and that holds especially true, it seems, with online product reviews — a vital, useful part of eCommerce that is reviled by consumers, marketplace sellers and merchants alike. Talk to any online shopper, merchant or marketplace third-party seller. It comes from the U.S. FTC Penalty.

Online 108

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PYMNTS

FEBRUARY 10, 2020

billion, and have dropped 84 percent since 2018, down to less than $560 million. In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. billion in 2019, much larger than the $3 billion incurred in 2017 and 2018 combined. Data Shows 41 Pct Hike In Ransomware Attacks In 2019.

US 142

US Taxes Millennials Payments 142

PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. On fake tax returns, he said the bitcoin was gifted to him from a relative. Microsoft confronted Kvashuk and fired him in June 2018.

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Other fraudsters are deploying phishing schemes to net their ill-gotten gains, either using the stolen data themselves or selling it online.

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Fraud Online Retail Examples 255

PYMNTS

FEBRUARY 19, 2019

Uber ’s and Lyft ’s initial public offerings (IPOs) are expected to take place this year, which bring more light to their respective financials, and North American retailers are adopting Alipay in brick-and-mortar stores and online. Data: 700 million: The number of active annual Alipay users exceeded this figure in 2018.

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PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

Retail 109

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Bank Innovation

OCTOBER 27, 2017

EXCLUSIVE- With two products and a recently announced partnership with tax preparation software provider Intuit, Marcus by Goldman Sachs is keen on growing its brand through more new partnerships and products in 2018. The […].

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PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. The program, which began on Dec. 8 and runs until the end of the year, allows shoppers to save up to 150 euros. The government plans to spend 4.75

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Cards Payments Taxes Study 188

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

JULY 3, 2019

tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expected cross-border sales to grow. The exports of products sold online from the city were expected to reach $4.3 billion in 2018, noted the report.

Training 130

Training Online Taxes Operations 130

PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 Earlier in 2018, Ant became the most valuable tech startup after raising $14 billion investors in China, the U.S.

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PYMNTS

OCTOBER 24, 2019

The Health Navigator platform was created for integration into online health services, including telemedicine and medical call centers, to standardize the process of working with patients. NRF On The Case For Revising eCommerce Sales Tax Laws. After the 2018 South Dakota v.

South Dakota 111

South Dakota Taxes Payments cryptocurrency 111

PYMNTS

DECEMBER 26, 2018

tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expect cross-border sales to grow. The exports of products sold online from the city are expected to reach $4.3 billion in 2018, noted the report.

Training 126

Training Taxes Online Operations 126

PYMNTS

SEPTEMBER 30, 2019

The company is struggling with online competition and changing clothing trends, like sustainable fashion and secondhand clothing. Forever 21 is among many retailers that have filed for bankruptcy to reorganize as shoppers abandon malls in favor of online shopping. High rents from an aggressive physical expansion also pose a problem.

Retail 148

Retail Taxes Analytics America 148

PYMNTS

OCTOBER 25, 2019

We have deep, data-supported dives on Apple Pay, the outlooks for payments innovation in the 2020s, web sales taxes and Amazon’s holiday shopping season news. NRF On The Case For Revising eCommerce Sales Tax Laws. The 2018 South Dakota v. And the PYMNTS Weekender is here to make sure you didn’t miss anything.

Apple 101

Apple Innovation South Dakota Taxes 101

PYMNTS

APRIL 22, 2020

Founded in 2018, GPay said it has reached $50 million in Gross Merchandise Volume (GMV) and has a presence in 42 cities and provinces. Vietnam said in January that Facebook violated Vietnamese law in how it managed online content, advertising and taxes. G-Group financed the seed funding.

Payments 154

Payments social media Groups Taxes 154

PYMNTS

FEBRUARY 4, 2020

Using machine learning, its own data and its network of partner companies that extends all over the world, Emailage can predict fraud with email addresses and online identities. Before that, in 2018, it acquired ThreatMetrix — a digital identity firm that tracks around 1.2 In addition, RELX made pre-tax profits of £2.15

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PYMNTS

JULY 15, 2020

The platform to bring malls online — or create a virtual mall — is being led by an Alibaba-owned company called Lazada. Its virtual mall solution is called LazMall , which was launched in August 2018. shopping destinations. The core Lazada business is centered on eCommerce infrastructure, which has been extended to LazMall. “The

Groups 153

Groups Branding Retail Taxes 153

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. In addition, HMRC implemented a £68,595 fine for online estate agency Tepilo , which shut down in December. million over 2017 to 2018.

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