PYMNTS

OCTOBER 28, 2019

Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal. Don’t cry for eBay, though.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

NOVEMBER 7, 2019

The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. However, as has been the case in so much of eCommerce, venturing into new geographies means companies must grapple with a host of new issues. Last year, in the case of South Dakota v.

Taxes 100

Taxes South Dakota Online Compliance 100

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

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

AUGUST 24, 2020

The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. The services are not currently registered as distinct entities, although they are provided to users in the nation. News Companies Ask for Better Terms on Apple’s App Store.

social media 152

social media Data Apple Compliance 152

PYMNTS

DECEMBER 7, 2020

and abroad that the concentration of power amongst a small number of tech companies is curtailing growth in the tech sector, reducing innovation and potentially having negative impacts on the people and businesses that rely on them.”. Regulators also called out the tech company’s warranty terms for not covering water damage.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

OCTOBER 5, 2020

By providing a national servicing platform, the charter would enable those kinds of companies to bypass the process by which they have to collect money transmitter licenses from states. Last week, a U.S. House committee started to look at the idea of letting firms like Facebook or Amazon get charters to run as banks. 25 statement.

Data 229

Data Google Compliance Apple 229

PYMNTS

SEPTEMBER 20, 2020

If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. Breton said regulators in Brussels are preparing a list of activities that tech companies would be required to eliminate.

Compliance 175

Compliance Regulation System Taxes 175

PYMNTS

OCTOBER 25, 2019

tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. The 2018 South Dakota v. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

APRIL 18, 2017

Cross-border B2B payments company Tipalti has new evidence that companies are more global than ever as its new report, with research conducted by PayStream Advisors, finds that a majority of companies today are conducting cross-border payments. That being said, companies are facing financial headwinds from this payment rail.

Company 102

Company Compliance Taxes Fraud 102

PYMNTS

JUNE 5, 2020

Large international organizations, in addition to small to mid-sized businesses (SMBs) are using CitiDirect BE to take in funds, pay suppliers, ensure sufficient cash flow and pay taxes and bills, American Banker reported. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. It also saves the company from allocating resources to batch data entry at the end of the day or consolidating deposits from remote accounts.

National 101

National Charlotte Regional Operations 101

PYMNTS

AUGUST 6, 2019

Though the company did not say which bank this is, MTrac said that collaboration will enable it to provide card processing services and B2B payments down the industry’s supply chain.

Louisiana 135

Louisiana Payments Taxes Maine 135

PYMNTS

OCTOBER 23, 2020

Eynat Guez , co-founder and CEO of cross-border payroll technology company Papaya Global , told PYMNTS about the biggest hurdles in international payroll as working from home persists and employment regulations grow more complex. Payroll is a complex workflow that combines both the movement of money with regulatory compliance needs.

Compliance 143

Compliance Strategy Regulation Taxes 143

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. The agency made surprise visits to about 35 companies in London, five in Leicester, four in South Bucks and Berkshire, and three in Greater Manchester, among others.

Compliance 134

Compliance Training Taxes National 134

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 The new payment modes that have to be added are in addition to whatever payment methods a company already provides. RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000

Cards 130

Cards blockchain Retail Cyber Security 130

Abrigo

JUNE 27, 2023

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. According to the National Association of Realtors, there were more than 106,000 real estate brokerage firms in the United States.

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

JULY 16, 2019

Xolo, formerly named LeapIN, has announced new funding and the debut of a new service targeted toward “virtual companies.”. The solutions are designed for what Xolo dubbed the “virtual company” to mitigate friction of new businesses launching in a world where they must interact with national governments and operate across borders.

Tools 100

Tools Compliance Taxes National 100

PYMNTS

OCTOBER 14, 2020

21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time. “We With the treasury market for S&P 500 companies valued at $2.3 This in the wake of the OCC’s Sept. Ehrlich said stablecoins, including the U.S. Establishing Trust And Confidence.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

MARCH 16, 2017

An announcement Wednesday (March 15) said Tungsten’s entrance into the country makes it India’s first to provide compliance eInvoicing; the company’s users can now send and receive invoices across India and generate legal invoices for goods across eight states.

Taxes 100

Taxes Compliance Fraud Regional 100

PYMNTS

NOVEMBER 2, 2020

UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. The United Nation’s Tax Committee of Experts has indicated support for an initiative to assist developing nations in taxing Big Tech, Bloomberg Tax reported on Wednesday (Oct. The committee voted 12-10 Friday (Oct.

Taxes 212

Taxes National Regulation Google 212

Abrigo

FEBRUARY 10, 2022

The AMLA set the stage for establishing a national reporting system for beneficial ownership and for potentially changing current CDD/BO requirements in an effort to improve financial transparency and prevent criminals and terrorists from misusing companies to disguise illicit activity. 10 NBFI AML Compliance Essentials.

Training 195

Training Regulation Report Compliance 195

PYMNTS

SEPTEMBER 20, 2017

Regulators, especially at the state level, are forcing companies to change their payroll software and strategies. Research from The Workforce Institute at Kronos released last month found that companies spend as much as $100,000 every time payroll and labor regulation changes across federal, state and local level authorities.

Taxes 100

Taxes Survey Compliance Regulation 100

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Recognizing the gravity of the situation, the Financial Crimes Enforcement Network (FinCEN) identified fraud as a national priority. FinCEN's emphasis underlines financial institutions' need to incorporate fraud within their risk assessment framework.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

JULY 5, 2018

The tool helps businesses mitigate payroll compliance risk. Furthermore, USA Payroll provides customers with payroll and tax services, timekeeping, third-party administration and other back-office services. ” He added that the company continues to focus on surpassing $100 million in revenue.

Marketing 108

Marketing Software Taxes Resources 108

PYMNTS

JANUARY 21, 2020

Cash and checks persist as the disbursement methods for many companies, however, despite the growing preference for online payments. The economy is growing more interconnected, so enabling disbursements between different nations and local currencies is becoming more critical. More than 90 percent of U.S. Around The Disbursements World.

Innovation 167

Innovation Tools Online Trends 167

CFPB Monitor

JULY 21, 2022

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. financial system adopt anti-money laundering procedures that can help detect and prevent the laundering of corrupt funds.”.

United States 78

United States Taxes Regulation Compliance 78

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.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

SEPTEMBER 6, 2019

Yelo, positioned as a neobank in the country, offers consumers a banking solution, but with the latest funding the company said it will look to introduce banking and other financial services for startups and small businesses. Yelo also plans to expand its team and invest in product development and sales, reports said.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

DECEMBER 2, 2016

The nation saw four startups take home investment out of a total of seven investment rounds. The company announced a $650,000 funding round led by Kae Capital and Khosla Impact. million seed round for the company, according to reports. Last year, accounts payable automation company AvidXchange raised a whopping $225 million.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

JUNE 8, 2016

Those bodies can then issue mandates for corporations to submit and exchange invoices electronically, for tax purposes. It’s a national-scale effort, Billentis argued, that also makes sense on the company-scale. Government policy can demand invoice electronification.

America 100

America Taxes Tools National 100

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

DECEMBER 19, 2016

B2B eCommerce platform Moglix is simplifying the Goods and Services Tax (GST) process for manufacturers using its services as companies brace for new tax reforms to take effect in India next year. GST was introduced as a part of India’s tax reforms and will come into effect April 1, 2017, reports said.

Taxes 100

Taxes Compliance National Report 100

PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

Taxes 134

Taxes South Dakota New York Nebraska 134

FICO

MARCH 17, 2021

Department of Treasury report entitled the 2018 National Money Laundering Risk Assessment , identify TBML not only as one of the most used, but also as one of the most difficult to detect methods of money laundering. Shell companies or offshore front companies. Efforts to Combat Trade-Based Money Laundering”.

Study 98

Study United States Groups Trends 98

PYMNTS

DECEMBER 2, 2020

Facing a growing budget deficit and the cries from local businesses about fairness, the Canadian government is proposing a new digital tax on foreign web giants such as Netflix, Facebook, Amazon and Google. The digital tax is part of a broader five-year, $3.4 billion levy that was unveiled in parliament Monday (Nov. An Outdated System.

Taxes 195

Taxes Google System Resources 195

PYMNTS

MARCH 8, 2017

The word ‘align’ was really about the layer of functionality aligning between different [payment] rails, and as the company progresses and as we scale, we feel like the name Veem best reflects where we are in the market,” Forzley recently told PYMNTS. A rebranding isn’t the only shift for Veem. Today (Mar.

Payments 137

Payments blockchain Marketing Taxes 137