Remove Compliance Remove Ohio Remove Regulation Remove Taxes
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

Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . Wells Fargo also announced plans to sell 52 branches in Indiana, Ohio, Michigan and parts of Wisconsin to Flagstar Bancorp.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why The SAFE Banking Act Won’t Solve All Cannabis’ Payment Problems

PYMNTS

The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio — all members of the House Committee on Financial Services. The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only.

Payments 213
article thumbnail

Dynamic Duo

Independent Banker

Sherrod Brown (D-Ohio), Sen. Sherrod Brown (D-Ohio), two lawmakers tapped to lead the Senate Banking Committee for their respective parties, are both independent-minded senators who hold positive views on several priority community banking issues. Richard Shelby (R-Ala.). Illustration: Josue Evilla. By Ed Avis. Richard Shelby (R-Ala.)