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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.

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It’s Not Easy Being Green: Cannabis Payments

PYMNTS

m oderated by Cortex MCP CEO Shaunt Sarkissian, with participation from Ohio State Senator William P. Coley, Regulatory & Compliance Principal and Former Fed Bank Examiner Dante Tosetti and Green Bits CEO Ben Curren. They also pay their staff, pay their suppliers, pay their utility bills and pay their taxes.

Payments 123
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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.

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Expenses Abuse: What Is The Cost Of A $4 Beer?

FICO

Expenses Abuse Gets Media and Tax Payers In A Froth. Recent news articles out of Ohio ( $4 beer dings Butler County Visitors Bureau in state audit ) highlights the reputational risks that can impact an organization when it fails to monitor spending for non-compliance or expenses abuse. This was a truly expensive $4 Beer.

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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. After all, those states with legalized marijuana want to collect the tax revenues from cannabis sales.

Payments 213
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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

HQ: Cincinnati, Ohio. Income tax preparation app. Tags: Consumer, tax prep. Total dollars raised YTD is now $17.4 billion, more than double the $8.4 billion more raised during the same period a year ago. ——-. Fintech deals by size from 25 June to 1 July, 2016: Paycor. Online payroll system. Latest round: $45 million.

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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. in Coldwater, Ohio. Richard Shelby (R-Ala.). Illustration: Josue Evilla.