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

MAY 22, 2019

Likewise, small business owners need credit to help them get operations in place to get top lines flowing. As relayed in recent coverage and interviews with Fundbox and Keeper Tax, the needs (and opportunities) are significant. 20 percent: Keeper Tax’s estimate of gig workers’ tax “overpayment.”.

Taxes 134

Taxes Lending Data Operations 134

PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. The idea comes after years of negotiations at the European level, where France and other larger European countries have tried and so far failed to convince smaller countries that tech companies have been taking advantage of the region’s tax structure.

Taxes 122

Taxes Google Apple Meeting 122

PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

Taxes 120

Taxes Payments Report System 120

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

Taxes 100

Taxes Tools Payments Cards 100

PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. The Cambridge Centre for Alternative Finance released a study last year, finding a sharp increase in the onboarding of new cryptocurrency users, rising from 18 million at the end of 2017 to 35 million at the end of 2018, Invest in Blockchain reports said.

Taxes 145

Taxes Ohio cryptocurrency Payments 145

PYMNTS

MAY 9, 2018

Direct deposits, new products and tax refunds helped Green Dot beat revenue expectations for the first quarter of 2018. Green Dot on Wednesday (May 9) reported that total operating revenue increased 25 percent year over year in the first quarter, to $315 million. Green Dot’s tax refund business also showed gains.

Taxes 100

Taxes Comparison Conference Branding 100

PYMNTS

SEPTEMBER 3, 2019

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. billion tax expense due to the case, and Alphabet turned around on a $418 million benefit. Facebook disclosed a $1.1

Taxes 116

Taxes San Francisco Regulation Company 116

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.

Taxes 101

Taxes San Jose Kansas South Dakota 101

PYMNTS

JULY 19, 2018

billion on back-to-school shopping, and while that number is expected to slide slightly in 2018 to $82.8 This year 17 states will have sales tax holidays of one form or another — up from 16 last year, but down from the national high of 20 states in 2010. How Tax Holidays Work. In 2017, Americans spent $83.6

Taxes 101

Taxes Trends Massachusetts Louisiana 101

PYMNTS

AUGUST 29, 2019

And students are showing interest, with twice as many students taking a crypto or blockchain course this year than they did in 2018. In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country.

Course 116

Course Taxes Bitcoin blockchain 116

PYMNTS

FEBRUARY 13, 2019

In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 million in 2018 — up nearly 8 percent from $247 million in 2017. million in 2018 — up nearly 8 percent from $247 million in 2017.

Industry 155

Industry Colorado Taxes California 155

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

AUGUST 7, 2020

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. The watchdog told KKT UG CEO Adam Gramowski to cease crypto trading business in Germany back in February for reportedly operating without a trading or banking license. Movie2k.to

Bitcoin 157

Bitcoin ATM cryptocurrency Operations 157

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

MARCH 12, 2019

In addition, the problem of fraudulent tax returns could keep growing as digital processes come to the tax-filing-and-return space. 172 billion: The value of peer-to-peer (P2P) transfers consumers made via their bank accounts in 2018. 10 : The number of countries in the region in which Grab operates.

Taxes 122

Taxes Regional Data Mobile 122

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 […].

Las Vegas 186

Las Vegas Taxes Software Branding 186

PYMNTS

DECEMBER 23, 2019

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Reports in Zawya on Monday (Dec. Reports in Zawya on Monday (Dec.

Taxes 130

Taxes Conference System Mobile 130

PYMNTS

SEPTEMBER 23, 2019

The unified rewards and punishment system significantly increases the potential for one violation to snowball across your operations until you have this avalanche of penalties that make it impossible to operate until you solve that one thing,” Kendra Schaefer, head of digital research at Trivium China, told the NYT.

Taxes 177

Taxes New York System Training 177

PYMNTS

APRIL 16, 2018

tax reform, and strong economic growth around the globe is also benefitting these players. This week’s B2B Data Digest examines the numbers released by the institutions for Q1 2018, highlighting the role corporate and wholesale banking operations did (or did not do) to support an overall impressive quarter. JPMorgan Chase.

Taxes 100

Taxes Lending Operations Data 100

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 government plans to spend 4.75 suggests businesses could be following suit.

Cards 188

Cards Payments Taxes Study 188

Bankelele

JANUARY 8, 2018

Today, the Pambazuka National Lottery (PNL) followed partner Sportpesa in suspending its operation in Kenya following a new 35% tax that came into force on January 1, 2018. PNL, which is operated by Bradley Limited, interpretation of the tax change is that, whereas they had been paying out 55% out as prizes and 25% as […].

Taxes 28

Taxes National Operations 28

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 Ant operates Alipay, the digital payment service in a battle with Tencent ‘s WeChat Pay for dominance in China.

Taxes 134

Taxes Lending Operations Marketing 134

Jeff For Banks

DECEMBER 13, 2018

But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. The Bank operates five full service offices. It also operates 13 Home Loan Centers in Oregon and Idaho. The bank operates twelve branches, eleven in California and one in Nevada. Oregon Bancorp, Inc.

Oregon 101

Oregon Ohio California Community Bank 101

PYMNTS

FEBRUARY 20, 2020

31, 2019, with total operating revenues of $249.3 million in the 2018 quarter. The company also reported non-GAAP total operating revenues of $238.4 such as non-operating nest income, income tax benefit and expense, and more. Green Dot reported its earnings for its fourth quarter ending Dec. Green Dot is a U.S.-based

Report 130

Report Operations Taxes Study 130

PYMNTS

JULY 3, 2019

In December , local Chinese vendors operating in Yiwu International Trade City were upbeat about the future. . 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.

Training 130

Training Online Taxes Operations 130

PYMNTS

NOVEMBER 6, 2020

6) it would sell its retail operations in Argentina to Grupo de Narváez, a top South American supermarket chain. Securities and Exchange Commission that it will record a $1 billion, after-tax, non-cash loss in its third quarter report for next year, Reuters reported. Argentina faces trouble on two fronts.

Retail 152

Retail Taxes Regional Operations 152

PYMNTS

OCTOBER 24, 2019

NRF On The Case For Revising eCommerce Sales Tax Laws. After the 2018 South Dakota v. Wayfair ruling, cities and states were given more leeway in taxing eCommerce operations that do business in their jurisdictions. Now, some are pushing for even more taxing abilities, and it’s causing contention in the industry. .

South Dakota 111

South Dakota Taxes Payments cryptocurrency 111

PYMNTS

JANUARY 26, 2020

The micromobility company launched in London in 2018, and has struggled since then to get its business off the ground. ” As such, they are subject to tax, driver’s licenses and insurance. Laws in Britain effectively ban eScooters from being on the roads, and Corbett had finally had enough.

Regulation 133

Regulation Taxes Company Operations 133

PYMNTS

OCTOBER 2, 2019

Food delivery company Deliveroo saw huge revenue growth in 2018, but its losses also grew as it expanded and poured money into new areas and ventures in the highly competitive food delivery market. The company’s revenues went up 72 percent in 2018, according to a report by the Financial Times , but it saw its operating expenses increase £349.4

Taxes 116

Taxes Innovation Meeting Company 116

PYMNTS

SEPTEMBER 30, 2019

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018.

Retail 148

Retail Taxes Analytics America 148

PYMNTS

MAY 16, 2019

The gig economy has operated — and thrived — in a gray area. This means these workers won’t qualify for the federal minimum wage or overtime, and will be responsible for their share of Social Security taxes. In Q4 2018, there was a jump in nonseasonal workers sourcing gigs via digital marketplaces (38.4 In Q4 2018, 37.6

Study 191

Study Payments Taxes Survey 191

Jeff For Banks

APRIL 30, 2022

The much sought after "operating account." The charts below show the pre-tax profits as a percent of the total product portfolio during different rate scenarios compared to the Fed Funds Rate. So the answer, from a straight pre-tax profit perspective, is commercial real estate in more recent times and a rising rate environment.

Lending 78

Lending Massachusetts Taxes Community Bank 78

PYMNTS

NOVEMBER 14, 2018

13) after surveying finance professionals who attended the Association for Financial Professionals’ 2018 Treasury & Finance Conference held last week, according to a press release. On a broader scale, just 13 percent of professionals said international trade agreements and tariffs are having the greatest impact on their operations.

Survey 115

Survey Strategy Conference Taxes 115

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

MAY 22, 2019

WeChat Pay is a unit of Tencent’s popular WeChat mobile messaging platform, while Alipay is operated by Ant Financial, an affiliate of Chinese eCommerce giant Alibaba. In a statement to Reuters, Tencent said its WeChat Pay unit meets all regulations in the countries where it operates. “As

Taxes 158

Taxes Regulation Payments System 158

PYMNTS

JUNE 3, 2020

But the pandemic, which has sidelined businesses’ plans worldwide amid financial distress, will now cause Monzo to make cuts from its head office and operations teams. Blomfield made $99,744 in 2018. The cuts might overlap with the workers who volunteered to be furloughed in March, though it is not certain yet.

Taxes 130

Taxes Digital Banking Tools Report 130