PYMNTS

SEPTEMBER 28, 2020

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. Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities.

Data 166

Data Management Taxes Meeting 166

FICO

JUNE 11, 2019

Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Tax Compliance - Why Use Analytical Models at Tax Agencies? The IRS, among other tax agencies are investing in predictive analytics. Tax Compliance - Predictive Analytical Models. Three Types.

Taxes 58

Taxes Analytics Compliance Resources 58

PYMNTS

JANUARY 16, 2019

In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

Abrigo

JANUARY 6, 2017

For example, this technology could help create completely traceable audit trails or ultimately automate the entire audit process. Some 90 percent of respondents in the Future of the Cloud Computing Survey reported they use the cloud in some way. In auditing, for example, there’s a lot of inefficiency in gathering the audit evidence.

Trends 218

Trends blockchain Taxes Survey 218

PYMNTS

AUGUST 12, 2020

As PYMNTS has detailed though an ongoing series of consumer surveys, the shift to digital commerce is becoming ever more pronounced. In just a few examples: More than 42 percent of consumers surveyed are engaging in retail shopping via the web as of the end of May, up markedly from the 12.3 percent seen in March.

Taxes 276

Taxes Survey Online Tools 276

PYMNTS

OCTOBER 8, 2019

This week’s B2B Data Digest dives into the latest surveys of U.S. Cyberattacks continue to rise, for example, with experts warning that small businesses are especially at-risk. companies have experienced a cyberattack in the last year , new Ponemon Institute research revealed in a survey of 592 firms. 76 percent of U.S.

Survey 134

Survey Taxes Data Report 134

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. The study surveyed more than 5,000 U.S. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. Fast Fact No. are growing — but slowly.

Trends 306

Trends Study Taxes Payments 306

Abrigo

DECEMBER 18, 2023

But Kirby recommended examining data and surveys used to support this idea. For example, a recent study found that trips to central business districts in large cities have plateaued at about 60% of pre-pandemic levels, while those in smaller towns have fully bounced back. They’re not your hometown. The impact is not consistent.”

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

FEBRUARY 8, 2018

If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. Only 23 percent of those surveyed are satisfied with the way insurance firms disburse payments — nearly at the bottom of the barrel. In one example, One, Inc.

Taxes 101

Taxes Payments social media Policies 101

South State Correspondent

AUGUST 31, 2022

Then there are vendor contracts, employment agreements, statements of work, loan documents, financial statements, tax returns, deposit account documents, policies, and an array of similar applications. Pulling data off a tax return has a low error rate while pulling data off an attorney-prepared loan document is more challenging.

Training 448

Training Data Examples Taxes 448

FICO

JANUARY 22, 2020

We recently conducted a survey with banks in the region and found that 4 out of 5 (78 percent) have seen their fraud losses increase. The survey bore this out with 40 percent of banks in FICO’s survey naming social engineering as the number one fraud concern when it comes to real-time payments. by Dan McConaghy.

Survey 52

Survey Fraud Payments Regional 52

Abrigo

JANUARY 3, 2023

Construction lenders will typically advance funds for these purposes: Land acquisition costs Engineer and architect fees Survey costs Title insurance costs Legal fees Contractors submit monthly progress payment requests as materials are purchased and construction proceeds. Owner-occupied borrowers’ repayment comes from the business operation.

Lending 195

Lending Policies Survey Risk Management 195

PYMNTS

AUGUST 10, 2020

Instant payments that enable the 24/7, year-round transfer of tax refunds, benefits, dividend payments and other disbursements could be key to quickly getting them money for much needed purchases within 30 minutes or less. This is in turn driving a need for fresh financial solutions that can help customers pay — and get paid — fast.

Millennials 222

Millennials Data United States Report 222

Abrigo

SEPTEMBER 19, 2016

Identifying service opportunities is especially important for firms looking to transition from a focus on compliance services , such as tax and audit, to value-added advisory services that might generate higher margins. After all, accountants are commonly known as providing services such as tax preparation and audits.

Taxes 150

Taxes Compliance eBook Resources 150

PYMNTS

JULY 8, 2020

Hessam Nadji, president and CEO of real estate firm Marcus & Millichap, told CNBC this week, “I think the next 18 to 24 months are going to show a lot of exodus out of central business districts, as you can expect… We’re seeing there’s a lot of office vacancy, for example, in the suburbs that have now been absorbed. For example, the U.S.

New York City 144

New York City San Jose New York Seattle 144

PYMNTS

AUGUST 29, 2018

Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and tax services provider PwC, and appears to be moving away from cryptocurrencies in the process. Companies have dabbled in the lab,” the company wrote.

blockchain 101

blockchain Survey Taxes cryptocurrency 101

Abrigo

JULY 3, 2017

These are among the findings of a recent survey of 1,000 business owners by business payments network Bill.com. The survey found that all age groups of business owners – but particularly those younger than age 55 -- prefer their accountants to handle all or most of their accounting work paperlessly.

Mobile 150

Mobile Millennials Survey eBook 150

Cisco

APRIL 26, 2022

Some familiar examples are receiving banking fraud alerts on mobile devices, submitting photos for insurance adjustments, or using robo-advisors for investment decisions. Their goal is to move beyond tax-related services to deliver a holistic financial services platform to small businesses and their employees, inclusive of banking services.

Big Data 143

Big Data Data Analytics Examples 143

PYMNTS

FEBRUARY 21, 2020

The IRS is committed to fairness in the tax system, and we want to remind people across all income categories that they need to file their taxes,” said Paul Mamo, director of collection operations for the agency’s small business and self-employed division. Email is still ubiquitous but limited.

Taxes 141

Taxes Boston Florida Course 141

PYMNTS

SEPTEMBER 9, 2020

trillion in stimulus checks tended to use those payments to bolster their savings or pay down debt – and only a small percentage of those surveyed actually spent that money. A recent report by the National Bureau of Economic Research (NBER) finds that recipients of the initial $2.2

Payments 173

Payments Survey National Taxes 173

Abrigo

APRIL 27, 2016

Often, it was a crisis – a lost job or a major health problem, for example. With so many accounting firms wrapping up tax season and looking to other engagements in the year, it’s the ideal time to redouble efforts to be the trusted advisor your business clients want. in the Washington, D.C.,

Taxes 150

Taxes Analysis Examples Technology 150

PYMNTS

JANUARY 27, 2020

This is where accounts payable (AP) automation is making a major difference, streamlining the onboarding of gig personnel, automating tax compliance for their W-9s, paying global freelancers in local currencies, reconciling payments and integrating with ERP systems. New York State’s Dependent Worker Act is similar.

Software 220

Software New York Taxes Compliance 220

South State Correspondent

SEPTEMBER 13, 2023

From survey and polling data, payees and payers say that they will use instant payments because of their speed about 20% of the time. Maybe the payer needs a breakout of taxes, or perhaps the payee was only able to ship a partial order. It is unclear, but if you need the money, it is essential. How often does this happen?

Payments 221

Payments Fraud Data Taxes 221

PYMNTS

APRIL 7, 2020

This issue is gaining attention, with a recent survey of financial professionals in the Asia-Pacific finding that 45 percent of respondents believe interoperable open banking strategies would be “very” important, for example. The April B2B API Tracker® explores these and other issues relating to how open banking is evolving.

Groups 159

Groups Lending Examples Taxes 159

CFPB Monitor

OCTOBER 25, 2022

The Official Commentary states: “Reasonable sources of information may include, for example: information obtained from recent transfers to the same institution or the same country or region; fee schedules from the recipient institution; fee schedules from the recipient institution’s competitors; surveys of recipient institution fees in the same country (..)

Comparison 78

Comparison Hawaii Regional Resources 78

Qudos Bank

FEBRUARY 15, 2024

In fact, 48% of Australians admit to having a bank account balance that “could be better” 1 , according to survey results by Finder. For example, if you’re currently paying off two credit card debts of $2,000 and $5,000 each, these two payments likely have their own interest rates, payment due dates, and recurring payment amount.

Taxes 52

Taxes Meeting Guidelines Payments 52

TrustBank

APRIL 26, 2021

percent payroll tax on all employee wages, beginning January 1, 2022. Is There a Cap on the Amount of Wages That Are Taxed? All wages including stock-based compensation, bonuses, paid time off, and severance pay, are subject to the tax. Which Employees Are Subject to Tax/Premium Collections? 04, will be funded by a 0.58

Washington 64

Washington Taxes Idaho Oregon 64

Abrigo

JULY 17, 2017

While accountants express the desire to generate a large share of firm revenue from providing advisory services , survey data has shown that many firms derive very little revenue from the types of value-added, consultative services that comprise advisory. Recognize that there are set stages in the way you approach these services,” he says.

Honolulu 150

Honolulu Taxes eBook Leadership 150

Abrigo

SEPTEMBER 20, 2017

A really important estimate Using a number for reasonable compensation that results in a valuation that is too high or too low can cause issues when it comes to alimony payments, gift and estate taxes, regulations, etc., Below are eight examples of misclassified personal expenses to watch out for, according to Yeanoplos: 1.

Examples 170

Examples Taxes Resources Survey 170

PYMNTS

SEPTEMBER 9, 2019

billion a year from a widespread legal sports betting market, largely as the result of increased fan engagement, and data from this survey show that bettors are more likely to engage with the league, its media partners and with other fans,” the trade group said. Lack of confidence will lead to lower tax revenues.”. Digital Wallets.

Innovation 137

Innovation Payments Taxes User Experience 137

PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. Fighting these threats requires an equally wide range of defenses, says Jamie Armistead, Zelle vice president. Bank customers are largely on board with these new security measures, but only t o a point.

Fraud 222

Fraud Payments Security Data 222

PYMNTS

MAY 19, 2016

The survey polled treasurers from 90 Western European corporations last month, from both the U.K. Less than a quarter of those surveyed said they had established hedges to mitigate currency or interest rate volatility, for example, according to Greenwich Associates. exit on their companies.”. and mainland Europe.

Survey 101

Survey Taxes Analysis Policies 101

Abrigo

NOVEMBER 13, 2023

Read the 2023 Loan Review Survey results for expert analyses of emerging trends WATCH WEBINAR Takeaway 1 Annual loan review is separate from covenant testing and underwriting, but many banks conflate these processes. Make sure to look at lien perfection, tax payments, and insurance. Profitability analysis.

Analysis 195

Analysis Lending System Survey 195

Abrigo

OCTOBER 25, 2014

Technology provider The Sleeter Group recently surveyed small- and medium-sized businesses about why they left their accountant, and the top reason was because the accountant gave only reactive – rather than proactive -- advice. “When they think of their accountant, they think of taxes,” he says.

Taxes 284

Taxes Study Survey Fraud 284

PYMNTS

SEPTEMBER 16, 2019

The requests center on, for example, Amazon’s acquisition of Whole Foods — and, separately, the way Google ranks its search results. On the Continent — and Taxes in Sight. Google’s own regulatory and tax issues extend well beyond domestic markets. It is an investigation to determine the facts. GDPR Compliance Lacking.

social media 122

social media Google Taxes Arkansas 122

PYMNTS

JANUARY 17, 2019

The vast majority of the 35,000 survey respondents told the APA that they get paid via direct deposit, with only 4.3 Employers don’t simply want a payroll solution, she said, but a holistic suite of human capital management tools that can handle everything from tax compliance to integrations with time-tracking solutions.

Capital 173

Capital Tools Survey Management 173

PopularBank

APRIL 15, 2021

In a 2019 survey conducted by MyBankTracker , respondents in the U.S. For example, are you a business owner hoping to transition your ownership and ensure your business’s future success? Tax planning. The education planning process empowers you to frame savings goals, timelines and tax-advantaged plans (e.g.,

Taxes 97

Taxes Strategy Study Survey 97