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Report: The Risky Business Of Navigating Online Sales Tax For Merchants

PYMNTS

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Even SMBs in states that do offer tax exemptions may still face new compliance requirements, such as obligations to notify and report sales to residents.

Taxes 133
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The Economic Case For Remote Sales Tax Uniformity

PYMNTS

George Isaacson has been watching the results of South Dakota v. Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data & Marketing Association tax counsel, argued Wayfair’s side in the precedent-setting Supreme Court case that has small businesses struggling.

Taxes 132
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How Online Sales Tax Impacts Different eCommerce Models

PYMNTS

That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. The latest Next-Gen Sales Tax Tracker explores the complexities and challenges of compliance for different business models. Navigating these laws is easier said than done.

Taxes 129
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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

In Rapid City, South Dakota, for example, MED5 Federal Credit Union (MED5 FCU) launched an upgraded website after collaborating with the FinTech OMNICOMMANDER , which works to provide CUs with a variety of online tools, including web design, social media and marketing services. AML Compliance Turns CUs Into Law Enforcement.

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Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair

PYMNTS

Such a levy was not legal until last year’s South Dakota v. Inside South Dakota v. North Dakota case that businesses must have physical, in-state presences to be subject to state sales tax requirements. This gave sellers without physical presences in certain markets a competitive advantage.

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Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner

PYMNTS

For retailers and other firms, there’s the persistent lure of broadened reach into new markets. Last year, in the case of South Dakota v. She noted that automation of tax compliance, as provided by Avalara, can help prevent the fines and penalties that loom when revenue becomes the key driver for state and local governments.

Taxes 100
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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

The first CFPB enforcement action under former Acting Director Mulvaney’s leadership was also filed against a pension advance company and alleged that the company made predatory loans to consumers that were falsely marketed as asset purchases. North Dakota Department of Financial Institutions. Oklahoma Department of Consumer Credit.