Sovos launches Indirect Tax Suite
The Paypers
APRIL 30, 2024
UK-based compliance company Sovos has introduced its Indirect Tax Suite, an integrated solution that modernises how companies meet indirect tax obligations.
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The Paypers
APRIL 30, 2024
UK-based compliance company Sovos has introduced its Indirect Tax Suite, an integrated solution that modernises how companies meet indirect tax obligations.
Bank Innovation
APRIL 2, 2018
Taxes on cryptocurrency? According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains. Taxing cryptocurrency is a way for […].
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PYMNTS
NOVEMBER 16, 2018
Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. based Instafile to integrate its cloud-based tax preparation and filing solution. The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance.
FICO
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Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Tax Compliance - Why Use Analytical Models at Tax Agencies? The IRS, among other tax agencies are investing in predictive analytics. Tax Compliance - Predictive Analytical Models.
PYMNTS
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Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.
PYMNTS
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Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. There are also an “extremely high number” of tax rules.
Perficient
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However, wealth management firms must walk a fine line between granting their advisors more marketing freedom and ensuring all marketing and outreach meet regulatory standards. Here is an example scenario in which a financial advisor equipped with Salesforce was able to better target a client while maintaining regulatory compliance.
PYMNTS
FEBRUARY 19, 2020
The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. The IRS has been trying to combat cryptocurrency tax evasion, and the agency has been working on establishing more concrete guidelines for digital currencies.
PYMNTS
AUGUST 24, 2020
The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct. Facebook first let American and Canadian users move their videos and pictures to Google Photos in April.
Abrigo
FEBRUARY 26, 2015
While tax accountants may not be able to see the light at the end of the busy season tunnel yet, the spring is sure to come. And when it does, and the W-2s and I-9s stop flooding in, some accountants and firms may want to transition from compliance work to more value-added advisory services. youtube:Iv05Cci1cfw]. Blog Accountant'
PYMNTS
JULY 8, 2019
Onyx CenterSource , a global provider of B2B payments and business intelligence solutions to the hospitality industry, announced it has partnered with tax software provider Sovos to expand its Onyx’s InvoicePro eInvoicing capabilities. The company has now chosen Sovos to help it meet the upcoming changes in the compliance sector.
PYMNTS
APRIL 27, 2017
million fine by the Central Bank of Ireland due to compliance failures with anti-money laundering and terrorist financing rules. Allied Irish Banks was hit with a $2.2
PYMNTS
APRIL 10, 2020
He continued, “With our new COVID-19 Paid Leave feature, we’re hoping to alleviate some of that burden for small businesses, and make it really easy for their employees to request time off if they need it while keeping the employers in compliance.”.
PYMNTS
SEPTEMBER 28, 2020
Corporate buyers must gather data to ensure that potential suppliers can meet their procurement needs, but their research does not stop there. They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers.
PYMNTS
MARCH 11, 2020
FreshBooks is said to be an important partner of Three Means Business of Three UK, which is said to be a mobile offering created to meet the needs of entrepreneurs as well as small business owners. FreshBooks rolled out its VAT Return Report last year to assist more owners of small businesses get ready for tax time compliance.
PYMNTS
FEBRUARY 28, 2020
As it searches for the right partner, Centsoft must ensure that any provider can handle a wide variety of payment methods to meet the needs of the U.S. ” There is also the growing risk of tax compliance, as markets like Europe and Latin America move to capture greater tax revenues. B2B payments market.
FICO
FEBRUARY 14, 2017
I’m going to explore the impact advanced analytics can have on the current state of regulatory compliance. RBA follows a multi-step approach: After initially assessing any risks (money laundering, tax fraud, etc.), That’s what a compliance officer is looking for. customers are automatically categorized into a risk bucket.
Bobsguide
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The US government, in an effort to reduce offshore tax evasion, has taken extraordinary steps to implement FATCA, the Foreign Account Tax Compliance Act. This includes the hiring and training of over 3,000 IRS examiners newly tasked with process verification and tax audit efforts. The implications.
Bobsguide
MARCH 2, 2016
The US government, in an effort to reduce offshore tax evasion, has taken extraordinary steps to implement FATCA, the Foreign Account Tax Compliance Act. This includes the hiring and training of over 3,000 IRS examiners newly tasked with process verification and tax audit efforts. The implications.
PYMNTS
FEBRUARY 8, 2018
If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. But that interaction must “meet the demand of the modern policyholder, which is a digital-first [mindset], and openly interact with the businesses and services that they pay for.”
Abrigo
JANUARY 18, 2016
How an electronic tax return reader provides more time for advisory services As accountants and their staff scramble to complete client W-2s and 1099s to meet other deadlines related to the start of tax season, it’s hard to see an end to the crazy schedules.
PYMNTS
NOVEMBER 19, 2019
The compliance burden of a legal marijuana business having to manage regulations that vary by state, and between the state and federal level, has created a banking conundrum for a market forced to rely heavily on cash. But the compliance challenges associated with this market are not easily (or quickly) addressed.
PYMNTS
MARCH 4, 2020
Similar challenges have emerged in the traditional ERP’s ability to meet modern financial planning, cash flow forecasting, and risk analytics needs, he added. For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders.
PYMNTS
JANUARY 12, 2021
The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.
PYMNTS
SEPTEMBER 17, 2020
Bad habits of saving important documents any old place, and assuming you and coworkers can easily find them later, rarely flies in industries where compliance is key.". "A desktop full of PDFs can be just as frustrating as piles of paper on your actual desk," said Wood. Take the electronic invoice, for example.
Abrigo
FEBRUARY 23, 2023
They can do that by continuing to foster a relationship that meets the customer’s needs with quick decisions and personal attention. The technology helps meet their needs for convenience and accessibility while allowing the bank to retain a more personal touch with those who need more attention. Check out our 1071 compliance resources.
Abrigo
JUNE 10, 2020
LaFontaine failed to take sufficient action when presented with significant AML program deficiencies in the Bank’s SAR-monitoring system and the number of staff to fulfill the AML compliance role by his AMLO [AML Officer],” the document said. Certainly meeting the staffing requirements of a strong BSA program can be costly.
PYMNTS
SEPTEMBER 8, 2020
To further intensify matters, many Americans struggle to make ends meet — even with continued employment. The tax situation can also improve for individuals and their employers alike as workers move to leafier, suburban locales. Yet, in neighboring Connecticut, the top income tax rate is 7 percent.
Abrigo
JANUARY 12, 2015
” Accountants who yield to real or perceived pricing pressure would do well to remember his comparison during meetings in the coming months with tax or audit clients. Nevertheless, just like retailers, many accountants are frustrated by pricing pressure on compliance-driven services and the resulting hit to the bottom line.
PYMNTS
OCTOBER 23, 2020
We see it when companies get wrong advice, such as, 'hire global contractors,' when they don't understand the tax complexities, the Permanent Establish risks, and so on," Guez warned. Payroll is a complex workflow that combines both the movement of money with regulatory compliance needs. Localizing The Strategy.
FICO
DECEMBER 15, 2016
When it comes to anti-money laundering (AML) and financial crime, the right strategy, people resources and technology can transform the compliance function into a competitive advantage. That was a big theme at the 13th annual FICO TONBELLER user group meeting I recently spoke at in Frankfurt, Germany. Follow me on Twitter @FraudBird.
PYMNTS
DECEMBER 2, 2019
million tax-exempt groups active in the U.S., These organizations need to demonstrate to donors and community members that donations were spent appropriately to retain tax-exempt statuses and encourage future donations. . There are approximately 1.56 The agency found these nonprofits generated $2.5 trillion in revenues and $2.4
Abrigo
JANUARY 20, 2015
Experts have been saying for years that accounting firms’ clients in the future will seek less help related to compliance and more advisory help managing their business. For a handy list of topics that can help you get the conversation going, download a free worksheet, “ Tax season prep: A worksheet for client meetings.”
PYMNTS
SEPTEMBER 20, 2017
According to researchers, employees have control over how their employers compensate them, and they should be diligent about their tax withholdings not only for compliance purposes, but to ensure they receive funds the way they want. And while the federal minimum wage currently stands at $7.25
PYMNTS
JANUARY 12, 2021
The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.
PYMNTS
JANUARY 22, 2020
Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods.
PYMNTS
NOVEMBER 14, 2019
Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Compliance is still a major challenge.
PYMNTS
FEBRUARY 28, 2020
An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. Yet, the burden of financial management, from tedious data entry to compliance challenges, is a nonnegotiable part of starting a small business (SMB). “In retrospect, it was a big mistake.
PYMNTS
OCTOBER 4, 2017
In a press release, Trulioo said the tool can help verify if a business is real in order to enable companies to detect cybercrime, fraud and other criminal activity, like tax evasion or money laundering.
PYMNTS
NOVEMBER 13, 2020
Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. As the company gears up to commence a Series A funding round next year, Osome will use the latest funding to explore global expansion into Australia after previous growth in the U.K.
Abrigo
DECEMBER 10, 2014
As you prepare for upcoming engagements with your “best” tax and audit clients, be thinking of how you will turn those meetings into opportunities for additional business advisory work once busy season ends. It costs 11 times more to acquire a new customer than to keep an existing one, according to industry research.
FICO
MARCH 31, 2016
As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. Model management continues to present financial institutions with new compliance obstacles.
PYMNTS
JUNE 24, 2019
Reports in Accounting Today last week said Financial Accounting Standards Board (FASB) Chairman Russell Golden revealed that it is considering extending the compliance deadline for small and private firms by as much as two years.
FICO
NOVEMBER 15, 2022
FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. Siron’s anti-financial crime solutions provide organizations with analytics-driven applications for end-to-end financial crime compliance. FICO Admin. by TJ Horan.
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