Remove Compliance Remove Illinois Remove Management Remove Taxes
article thumbnail

A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws

PYMNTS

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.

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

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

As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116
article thumbnail

Motus On Mapping Mileage Reimbursement

PYMNTS

The tax man cometh, logging miles — in a manner of speaking. For where there are reimbursement considerations, compliance issues are close at hand. 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. Compliance Concerns.

article thumbnail

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its compliance tools. HQ: Chicago, Illinois. Compliance tools for digital interactions. Lien rights management. Tags: SMB, B2B, data, analytics, financial management, accounting, suppliers, cost management, accounts payable, Xero (integration). SmartAsset raised $3.8 Qumram raised $2.5

Company 12
article thumbnail

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Expense management solutions for small businesses. 401(k) management. Bitcoin compliance solutions. Using the blockchain for managing records. Card rewards management. Tags: Enterprise, SMB, investing, wealth management, data. Secure messaging for financial services. HQ: Palo Alto, California. Xpenditure.