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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

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consumers are expected to be shopping online by 2021. Seismic change in tax policy came last year in the form of a ruling from the Supreme Court, through the case captioned South Dakota v. Seismic change in tax policy came last year in the form of a ruling from the Supreme Court, through the case captioned South Dakota v.

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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

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President Barack Obama is warning about the potential negative impact that technology can have on society. President Barack Obama is warning about the potential negative impact technology can have on society. South Dakota Decision. Lawyer George Isaacson argued Wayfair’s side in the landmark 2018 South Dakota v.

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

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Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. Many members first engage with their CU through its website or other online portal. AML Compliance Turns CUs Into Law Enforcement. CUs must regularly engage with more than their members.

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

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Charging sales tax on online purchases made at out-of-state businesses has therefore become a tempting target for states seeking to maintain strong financial bases and to level the playing field between in-state sellers and remote online retailers. Such a levy was not legal until last year’s South Dakota v.

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SMB Tax Complexity Preserves Role For The Human Accountant

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Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright.

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Wells Fargo’s Q2 Disappoints After Scandals

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Second-quarter net income was impacted by a $481 million one-time expense resulting from a key Supreme Court decision related to online sales, South Dakota v. However, we have to do manage our other risks, such as compliance and operational risk.” Revenue fell to $21.6 billion for the quarter, compared with $22.2

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The (Un)Certainty Of eCommerce Sales Taxes

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It’s no small matter as eCommerce sales are expected to be worth as much as $659 billion in the United States, alone, next year, and as 230 million consumers shop online across dedicated marketplaces and platforms that serve third-party sellers. And yet, tax policy remains a bit of a patch quilt. Want Other Examples?

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