PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. ” Electronic invoicing requirements are one example of markets’ heightening focus on tax compliance. .

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PYMNTS

FEBRUARY 24, 2020

Tax season is upon U.S. In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Indeed, tax season isn’t the only threat hitting SMBs, either.

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PYMNTS

DECEMBER 27, 2019

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical necessities in some states might be taxed at high rates in others. 100: Minimum number of local tax codes in Alaska.

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PYMNTS

FEBRUARY 6, 2020

Business information firm Thomson Reuters is teaming up with global tax company KPMG to offer Australia businesses a solution to deal with fringe benefits taxes (FBT), Thomson Reuters announced Thursday (Feb. The ONESOURCE FBT software automates the tax calculations necessary to file an FBT return. “Our

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PYMNTS

SEPTEMBER 28, 2020

Facebook Threatens EU Withdrawal Over Data Sovereignty. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops.

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American Banker

MARCH 12, 2024

The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry.

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PYMNTS

JANUARY 30, 2020

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported. Ransomware, tax evasion and money laundering data, however, are more than likely underestimated because of the difficulty in tracking the relevant data.

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PYMNTS

MARCH 6, 2019

The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD).

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PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns.

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PYMNTS

MAY 10, 2019

The data protection watchdog in the U.K. has found that Her Majesty’s Revenue and Customs (HMRC) collected millions of biometric voice data from citizens without their consent, according to a report. The affected records are those that did not collect specific consent to record biometric data to identify a person.

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PYMNTS

NOVEMBER 25, 2019

Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data & Marketing Association tax counsel, argued Wayfair’s side in the precedent-setting Supreme Court case that has small businesses struggling. is the only country that has such a complex consumption tax system.” .

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PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales.

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PYMNTS

NOVEMBER 14, 2018

As the saying goes, nothing in life is certain but death and taxes. To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning.

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PYMNTS

NOVEMBER 16, 2018

Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. based Instafile to integrate its cloud-based tax preparation and filing solution. The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance.

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TheGuardian

SEPTEMBER 6, 2021

Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities Leading European banks are booking around €20bn (£17bn) a year – equivalent to 14% of their total profits – in tax havens, with Barclays, HSBC and NatWest Group among those enjoying the lowest tax rates, according to a new report.

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Perficient

NOVEMBER 20, 2020

It clearly benefits the FCC / Tax Reporting audience. Additionally, this version introduces these new commands for Tax Reporting and Financial Consolidation and Close: clearDataByProfle, copyDataByProfile, and deployFormTemplates. I am just echoing Oracle’s document. Here are the new features with respect to EPM Automate.

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PYMNTS

AUGUST 7, 2019

The European Central Bank (ECB) said in a report that fixing cryptocurrency asset data gaps still presents a sizable challenge for financial institutions as well as regulators, Cointelegraph reported. Ted Budd (NC) has reintroduced the Virtual Value Tax Fix Act, Coindesk reported. Budd’s legislation comes after U.S.

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PYMNTS

MARCH 6, 2019

EY announced in a press release this week that its new crypto accounting tool targets the tax preparation process. The CAAT solution automates data collection and automatically generates reports for visibility and analytics, while supporting IRS tax return preparation.

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Bobsguide

MAY 19, 2020

The IRS is evolving its efforts to crack down on crypto tax non-compliance, recruiting independent contractors obtain cryptocurrency transactions data. On May 12, software provider CryptoTrader.Tax released an email it received from the IRS, in which the government body said it was “placing.

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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

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

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

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PYMNTS

JANUARY 10, 2018

Stripe has announced an addition to its Stripe Atlas toolkit that will help founders file their corporate tax returns in minutes. This new tool can be especially important for resource-strapped startups, which often have difficulty with the tax process even with the help of an adviser. In addition, the recent U.S.

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Taxes Tools Delaware Resources 168

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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Maryland Taxes Online Groups 151

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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Data Taxes Analytics Resources 260

PYMNTS

DECEMBER 16, 2019

Is there a better way to deal with online sales taxes ? Data: 62 percent: Portion of U.S. Can digital technology really take the hassle out of used car sales – and compete with dealerships and lots? Will fraudsters run wild this holiday shopping season ? And how will challenger banks fare in 2020? 73 percent: Share of U.S.

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Taxes Online Mobile Data 130

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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Taxes Compliance Tools Strategy 172

PYMNTS

SEPTEMBER 3, 2019

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. All this, Today in Data. Data: 8,000: Square footage of The North Face’s recently opened store in Soho. 2018: The year of the Supreme Court decision in the South Dakota vs. Wayfair case.

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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

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

MAY 22, 2019

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.”. 20 percent: Keeper Tax’s estimate of gig workers’ tax “overpayment.”.

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PYMNTS

FEBRUARY 23, 2017

While most adults typically are excited about receiving their tax refunds to splurge on luxury items, research from the National Retail Federation (NRF) and Prosper Insights & Analytics is telling a different story. Here are the numbers: 48 percent | Percentage who plan to put tax refunds into savings.

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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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Taxes Regulation cryptocurrency Google 133

Cisco

APRIL 26, 2022

The future of financial services will be shaped by the ability of financial institutions to extract and deliver more customer value from data. Those opportunities will rely on data and analytics for real-time decision making. Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey.

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Big Data Data Analytics Examples 148

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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Taxes Google Apple Meeting 122

PYMNTS

NOVEMBER 25, 2020

CryptoQuant CEO Ki Young Ju said on social media that the resumption of the withdrawal service could lead to pricing volatility, and CryptoQuant data indicates that OKEx has been experimenting with opening its withdraw infrastructure again.

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Taxes US Report social media 243

PYMNTS

DECEMBER 4, 2018

France and Germany have come up with a compromise for a European Union (EU)-wide digital tax, abandoning a wide-ranging 3 percent tax on revenues generated by ad sales in the digital economy. According to the Financial Times ( FT ), the new version would target tech giants like Facebook and Google through their sales of advertising.

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