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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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Sage Sells Off US Payroll Operations In Cloud Push

PYMNTS

Human resources (HR) management company iSolved HCM , based in the U.S., Sage first entered the payroll market in 2015 with the launch of the Sage Payroll Center , enabling its small business accountant users to introduce payroll services for their own business clients. assets for $100.3 million, Reuters reported on Tuesday (Jan.

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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. The data would indicate not marketing to a new customer is a mistake. There is a reason for this.

Marketing 195
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Bitcoin Daily: Korean Commission Suggests Allowing FIs To Offer Crypto; China’s OneConnect Platform Supports New Blockchain Financing Product

PYMNTS

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. ”

Bitcoin 132
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Bankers: Can You Create a Culture of Operating Discipline Even if You Have No or Few Shareholders?

Jeff For Banks

Even though they pay no federal corporate income taxes? But I know of no credit union that pays their employees materially above market wages or has materially better tech than their banking brethren. So why is their profitability in the form of Return on Average Assets ("ROA") noticeably and consistently inferior to banks?

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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. The benefits of using digital B2B payments solutions extend far beyond their ability to support a decentralized workforce.