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Online Sales Tax’s ‘Pivotal,’ Post-Wayfair 2019 — And What Lies Ahead

PYMNTS

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. Even the consequences of non-compliance can be fragmented. And we’re not done.”.

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

PYMNTS

consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. The costs of compliance — both in terms of administration and financial penalties — can mount.

Taxes 116
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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Louisiana exempts most food purchased outside restaurants, for example, while Missouri exempts clay pigeons and targets used in skeet shooting. NorthShore’s sales tax compliance costs wipe out approximately 1 percent of its sales revenue, Greenberg said. Managing compliance.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Payments risk & compliance management. Tax & accounting practice management. Payments gateway for online marketplaces. Louis, Missouri. Online investment manager. Tags: Investing, wealth management, stocks, trading, equities. Source: The Oregonian. HQ: Palo Alto, California.

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Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

Mobile & online payments in India. HQ: Missouri City, Missouri. Online marketplace for real estate investing. Tags: Consumer, investing, real estate, wealth management. Source: Finovate. Fraud protection for e-commerce. Latest round: $20 million Series B. Total raised: $31 million. HQ: San Jose, California.

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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

Online financial advisor. Online payments & cash management for small businesses. Online commercial real estate investing platform . Louis, Missouri. Financial & time management service for freelancers. Online debit card security. Source: FT Partners. Latest round: $5.5 Total raised: $5.5

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