Remove Compliance Remove National Remove Online Remove South Dakota
article thumbnail

Who Pays A Higher Price For Online Sales Tax?

PYMNTS

The 2018 South Dakota v. 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.

Taxes 102
article thumbnail

How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

Many members first engage with their CU through its website or other online portal. In recent weeks, some CUs have stepped up efforts to make their online offerings more accessible to disabled users. AML Compliance Turns CUs Into Law Enforcement. CUs must regularly engage with more than their members.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

PYMNTS

Last year, in the case of South Dakota v. the Supreme Court ruled that online retailers could be mandated to pay sales tax — and taxes can be levied by states on firms that do not have a physical presence in those states. Wayfair, Inc. , That means they must navigate tax collection nuances.

Taxes 100
article thumbnail

NRF On The Case For Revising eCommerce Sales Tax Laws

PYMNTS

The 2018 South Dakota v. 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
article thumbnail

SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

Last year, the Supreme Court’s ruling in South Dakota vs. Wayfair Inc. opened the door for states to collect sales tax from businesses that aren’t even physically based in that state, with massive implications for online retailers. The CPA Steps In.

Taxes 193
article thumbnail

Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101
article thumbnail

What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Economic nexus and marketplace facilitator tax policies rolled out following the 2018 South Dakota v. Wayfair ruling have made tax compliance challenges highly visible. Struggles to understand and fulfill tax obligations are not new — states have worked for decades to manage these compliance difficulties.

Taxes 141