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Procure-To-Pay’s Tax Conundrum

PYMNTS

One of the largest challenges for procurement chiefs today, according to Sovos VP of Strategy Christiaan Van Der Valk, is tax compliance, and it can easily trip up organizations as regulations become more complex — and as regulators’ strategies to ensure tax compliance become more sophisticated.

Taxes 139
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New Digital Taxes Loom On Tech Firms In Europe

PYMNTS

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. Health Records and Google.

Taxes 130
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Xero Targets Taxes With Instafile Acquisition

PYMNTS

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.

Taxes 148
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Big Tech Compliance Tracker: EU Watchdogs Make ‘Big Tech Hit List’; France To Go Ahead With Digital Services Tax Plan

PYMNTS

Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143
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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. The world needs a FinTech operating system.”. And governments have an incentive to foster growth in debit payments because they want to collect tax revenue on cash transactions.

System 258
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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

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.

Taxes 195
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Investing in America: 7 Strategies and 7 Tactics That Can Drive Business

South State Correspondent

The breadth of these programs is massive and combines grants, tax credits, production incentives, tax relief, and private investment stimulus. This is all on top of the tax benefits, such as the Employee Retention Credits businesses still claim have yet to be dispersed. There are lots of details and breadth in these programs.

America 195