PYMNTS

DECEMBER 23, 2019

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. Most of the shipments are from China, according to data from customs. . percent to 37.5

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PYMNTS

JANUARY 3, 2021

A web page to which some customers were pointed states that the stolen data “may have included phone number, number of lines subscribed to on your account and, in some cases, call-related information collected as part of the normal operation of your wireless service.”. T-Mobile previously suffered a data breach in March.

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PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs And Manual Tax Frustrations. Digitizing these processes can ease SMBs’ tax frustrations. Spring may seem far away, but U.S.

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PYMNTS

MAY 22, 2019

Likewise, small business owners need credit to help them get operations in place to get top lines flowing. As relayed in recent coverage and interviews with Fundbox and Keeper Tax, the needs (and opportunities) are significant. 20 percent: Keeper Tax’s estimate of gig workers’ tax “overpayment.”.

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PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

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PYMNTS

OCTOBER 5, 2016

The firm is rolling out its Tax Compliance Services initiative, which aims to streamline the tax filing process for companies with 1099-classified employees. “Remaining compliant with the tax requirements of a 1099 workforce is no small task,” said Hyperwallet CEO Brent Warrington in a statement.

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PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Amazon Encounters EU Charges Over Seller Data.

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PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

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PYMNTS

SEPTEMBER 15, 2020

The world needs a FinTech operating system.”. Fraud is a real risk when handing over the (tangible) plastic, said Poovala, especially when fraudsters lift the card data and then use that information to buy goods and services online. The world doesn’t need another bank,” Poovala told Webster.

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PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. The idea comes after years of negotiations at the European level, where France and other larger European countries have tried and so far failed to convince smaller countries that tech companies have been taking advantage of the region’s tax structure.

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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.

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PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. In one example, Indonesia is “already preparing legislation” that would require tech companies with online services to pay value-added tax on local sales, the report noted. Libra, Too.

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PYMNTS

APRIL 15, 2019

Mastercard has announced it is upgrading commercial cardholders’ back-office insights by providing companies with more data for Amazon Business transactions. Now, Mastercard said, it is providing mid- and large-sized operations with an easier way to understand and manage expenses. The product is currently available in the U.S.,

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PYMNTS

SEPTEMBER 24, 2019

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

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PYMNTS

JULY 29, 2019

The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation. The two massive firms first inked the deal earlier this year, which will see Fiserv purchase First Data for $22 billion in an all-stock transaction. He also noted that outside the U.S.,

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PYMNTS

JULY 19, 2018

billion , it is still a more valuable run of commerce activity than Mother’s Day, Father’s Day, Easter and Valentine’s Day combined — which is why state tax holidays placed at the end of July and beginning of August have become so very popular over the last two decades. How Tax Holidays Work.

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PYMNTS

JUNE 21, 2018

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. retail sales.

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South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

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PYMNTS

MAY 19, 2020

BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report. Multiple crypto operations serving the country, however, are legally based in other nations.

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PYMNTS

AUGUST 29, 2019

New data from Coinbase has found that 56 percent of the world’s top 50 universities now offer at least one course on crypto or blockchain — up from 42 percent last year. In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country.

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PYMNTS

JUNE 2, 2020

The right data can help them get some certainty that unprecedented efforts — stimulus programs and the great shift to digital among them — are bearing fruit. Tax revenues have disappeared, and at the same time the CARES Act passed earlier this year provides hundreds of billions of dollars to state, local and tribal governments.

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PYMNTS

JANUARY 9, 2020

However, other players have warned that, despite the promises of technology, accountants have yet to elevate their positions into a more strategic collaboration with SMBs — manual data entry remains one of the largest burdens, for instance. Data Integration Opportunities. ” That’s only the beginning.

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South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. For employers with 500 or fewer employees, all wages paid to employees can be qualified.

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PYMNTS

APRIL 4, 2018

Today’s smarter payments are delivered much faster – within hours or even just a few seconds – and include data to inform both payers and payees. Recent data from PYMNTS shows 84 percent of surveyed gig workers would do more work if they were paid faster. How Smarter Payments are Enabling Instant Tax Refunds.

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PYMNTS

DECEMBER 19, 2019

Those concerns have eased somewhat, however, as FinTech firms assure accountants that technology can operate in harmony with human professionals — and as analysts urge the CPA community to take on a more strategic role with their clients. “Why? ” The Real-Time Demand.

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PYMNTS

MARCH 12, 2019

While policymakers target protection and customer ownership of data, one of the most prominent selling points for open banking is the ability for data to move seamlessly between once-siloed platforms. According to Reed Smith and Mergermarket data published last November, 94 percent of banks and financial institutions in the U.S.

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PYMNTS

JUNE 13, 2018

Microsoft and human resources management company ADP are partnering for a holistic business management solution that combines financial and human capital data analytics, the companies recently announced. According to the latest data from ADP released last month, the U.S.

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PYMNTS

SEPTEMBER 27, 2019

Also, DoorDash revealed it was the victim of a data breach in May, and Uber plans to merge its ride-hailing and food delivery applications. DoorDash has announced it was the victim of a data breach in May. Uber Turns App Into ‘Everyday Operating System’. What Local Sales Tax Laws Mean for Tobacco eSellers .

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PYMNTS

FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. “This combination increases data accuracy, and shortens payment cycles.” Gearing Up For Disruption.

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PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. payments players are facing the cold shoulder from India’s government as they face fines for violating India’s data privacy laws.

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PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G.

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PYMNTS

DECEMBER 18, 2017

When enriched by data, artificial intelligence (AI) and a seamless integration with payments, voice becomes a platform for merchants to offer more services in a way that adds value to the customer and, ultimately, more sales to merchants. Voice provides a more complete, natural and delightful experience for customers, Gauthier said.

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FluentBanking

JULY 3, 2021

Lenders were able to make a compelling profit through investments in the capital market during the first half of the current year Despite the disruptions caused by the ongoing Covid-19 pandemic, Bangladeshi banks have seen a rise in operating profits within the first six months of this year. There are currently 60 banks in Bangladesh.

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Jeff For Banks

NOVEMBER 4, 2022

Even though they pay no federal corporate income taxes? I don't have the data or CU by CU analysis to make a definitive BS call, but let's say I'm skeptical. So why is their profitability in the form of Return on Average Assets ("ROA") noticeably and consistently inferior to banks? Twenty-seven basis points YTD inferior.

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PYMNTS

JANUARY 7, 2020

OneConnect used Guangdong’s “digital government” tech resources, as well as its own blockchain tech, AI and Big Data, to create the platform — which has access to data in 213 categories from 26 departments of government, and has connected with 129 financial institutions in the China province.

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PYMNTS

NOVEMBER 23, 2020

According to Wimbish Potter , general manager of SMB payments at Deluxe : “SMBs are the backbone of our country, but [for legacy banks] it's hard … to reach out and say, ‘let me [create] a lending program,’ because they're not seeing the data come in anymore.”. For FIs, fresh data that they can’t see represents a new competitive threat.

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PYMNTS

FEBRUARY 23, 2020

Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing. Intuit is valued at around $77 billion.

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