PYMNTS

JANUARY 21, 2020

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.

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Taxes Policies Capital United States 130

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.

Taxes 148

Taxes Software Compliance Meeting 148

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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Taxes cryptocurrency blockchain Tools 139

PYMNTS

OCTOBER 11, 2019

In the digital age, it’s become easier than ever for companies of all sizes to broaden their reach and sell to new markets. But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes.

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Taxes Course Company Training 123

PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

Taxes 116

Taxes System Compliance Online 116

PYMNTS

OCTOBER 19, 2020

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. It is probable that size and market share will be determining factors in who lands on the “Big Tech hit list.”.

Taxes 143

Taxes Compliance Regulation Google 143

BankBazaar

APRIL 11, 2021

Got a big tax refund? We all dread that time of the year when we have to file our Income Tax returns. All those calculations and figuring out which section of the Income Tax Act to claim refunds under can get pretty complicated, we admit. But think of the time when you get a sudden windfall as a sizeable tax refund.

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Taxes Cards Meeting How To 97

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. Larry Hogan vetoed the levy. percent to 10 percent.

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Maryland Taxes Online Groups 151

PYMNTS

FEBRUARY 25, 2020

New Zealand is considering changes to its treatment of cryptocurrencies, including dropping a tax on goods and services that many people are unhappy with, according to CoinDesk. The goods and services tax (GST) is unpopular with some. That means a “double tax” could later be applied with income tax, after the coin has changed hands.

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Taxes Bitcoin Operations cryptocurrency 141

TheGuardian

JUNE 1, 2021

EU forecast to reap extra €50bn per year with UK expected to gain €200m from BP alone A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research.

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PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. Google Raises Specter of Making Search Inaccessible in Australia.

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Taxes Google Compliance Apple 141

PYMNTS

FEBRUARY 18, 2020

In today’s top news, Alibaba has made almost $3 billion in loans available for companies hurt by the coronavirus, and Japan’s recent sales tax triggers fears of a recession. Japanese Sales Tax Triggers 6 Pct Economic Contraction. Also, HSBC cuts 35,000 jobs and $100 billion in assets in a streamlining and restructuring effort.

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Taxes Apple Payments Cards 130

PYMNTS

OCTOBER 9, 2018

tax reform on the small business community, but so far, small business owners say the overhauls have made little impact on their hiring practices. “We asked, ‘What effect on your hiring plans has the Tax Cuts and Jobs Act had?' . “We asked, ‘What effect on your hiring plans has the Tax Cuts and Jobs Act had?'”

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Taxes Survey Community Regulation 140

PYMNTS

MAY 19, 2020

Payment collections software company Ontario Systems has acquired SwervePay to help bolster its electronic payment capabilities, according to a press release. Ontario Systems aims to sell RevQ+ software on the market, which works with managing the collection of fees for court-ordered debt payment, income taxes and property tax.

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System Payments Taxes Software 239

PYMNTS

NOVEMBER 6, 2019

Entering global markets is not easy for SaaS providers, who need to launch compelling products, promote them through robust global marketing campaigns and also provide convenient, locally tailored payment experiences. Supplying Emerging Markets’ Local Payment Methods . Fighting Churn in Emerging Markets .

Marketing 101

Marketing Payments Taxes Cards 101

PYMNTS

NOVEMBER 7, 2019

The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. For retailers and other firms, there’s the persistent lure of broadened reach into new markets. That means they must navigate tax collection nuances. Wayfair, Inc. ,

Taxes 100

Taxes South Dakota Online Compliance 100

PYMNTS

DECEMBER 15, 2017

A new survey from Citizens Bank explores how mid-market CFOs in the U.S. are anticipating new technologies and market trends for the year to come, with these professionals signaling interest in real-time and electronic payments. In an announcement Thursday (Dec. In an announcement Thursday (Dec. ”

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Marketing Payments Survey Taxes 116

PYMNTS

MAY 22, 2019

As relayed in recent coverage and interviews with Fundbox and Keeper Tax, the needs (and opportunities) are significant. trillion: Value of the small business lending market as estimated by the CFPB. 20 percent: Keeper Tax’s estimate of gig workers’ tax “overpayment.”.

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Taxes Lending Data Operations 134

PYMNTS

JULY 26, 2018

The American Institute of Certified Public Accountants (AICPA) submitted recommendations to policymakers this week, urging clarity and simplification in how the Tax Cuts and Jobs Act impacts small business (SMBs) accounting rules. The letter outlined eight recommendations for the Tax Cuts and Jobs Act.

Taxes 100

Taxes Capital Compliance Survey 100

PYMNTS

SEPTEMBER 12, 2017

Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./ billion in back taxes plus interest for “undue tax benefits” obtained from the Irish government from 2003 to 2014. That means a 10 percent tax would amount to $3.5

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Taxes US Google Regional 115

Bank Innovation

AUGUST 21, 2017

We are not engaged in it right now,” Greg Lull, Chief Marketing Officer at Credit Karma, told Bank Innovation. Could personal finance management be the next chapter in free credit-score provider, Credit Karma growing business? Could it leverage its consumer data to branch out into the popular PFM space? But I wouldn’t take it […].

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Taxes Innovation Data Management 345

PYMNTS

JANUARY 24, 2020

Italian postal service Poste Italiane is introducing a new payments technology in an effort to attract more domestic small businesses, according to a report by Reuters. Marco Siracusano, the head of digital payment company PostePay, shared the news on Friday (Jan. The new technology is aimed at the estimated 2.3

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Payments Fraud Taxes Technology 234

PYMNTS

JUNE 22, 2018

Supreme Court opened the door to state collection of sales taxes for eCommerce purchases, questions swirled about software, Congressional action, marketplace sellers and how consumers would react. First, no sense of sky-is-falling doom emerged from any reliable retail or payments source. A day after the U.S. It accounts for more U.S.

Taxes 114

Taxes Online South Dakota Retail 114

TheGuardian

SEPTEMBER 5, 2022

Tax cuts and spending pledges could spook global markets and trigger a collapse in sterling, Deutsche Bank warns Britain could face a 1970s-style balance of payments crisis in which the pound crashes if Liz Truss’s government loses the confidence of international investors, one of Europe’s biggest banks has warned.

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Taxes Leadership Payments Marketing 98

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. The age of digital payments finds adherents from any number of analog-dominated verticals where payments come by way of dead trees. In one example, One, Inc.

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Taxes Payments social media Policies 101

PYMNTS

JANUARY 12, 2021

That includes Payments-as-a-Service (PaaS) in which providers help enterprises accept a range of transactions from their end customers — whether those end users (the ones actually paying and getting paid) are consumers or corporates. Technology brings the concept of flexible payments into reality. Flexibility Is Key.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

FEBRUARY 27, 2018

this year, driven largely by tax reform. The IBBA, along with M&A Source and the Pepperdine Private Capital Markets Project, announced their research on Monday (Feb. With the corporate tax rate dropping to 21 percent and the repatriation of overseas capital, companies will have more capital to allocate to acquisitions.

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Taxes Capital Survey Analysis 109

PYMNTS

APRIL 4, 2018

The rise of new technology has dramatically altered the traditional nature of payments, allowing gig workers and full-time workers faster access to their earnings while enabling businesses and banks to move funds more quickly across international borders. Around the Smarter Payments World.

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Taxes Report System blockchain 100

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times.

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Cards Payments Taxes Study 188

PYMNTS

MAY 7, 2018

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 billion a year, reports from Xinhua said.

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Taxes Policies Conference Training 100

Bank Innovation

MARCH 31, 2016

Maybe tax season has mobile users worrying about their credit history, or contemplating borrowing some cash? Tax worries seem to already be a thing of the past. Last week Credit Karma passed Chase Mobile to slip into first place on both Android and iOS platforms.

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Taxes Google Mobile America 150

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. The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers. In 2020, the U.S.

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Taxes Community Bank Community Operations 195

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

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Capital Marketing Utah Taxes 108

PYMNTS

NOVEMBER 30, 2020

But Coombs added that many entrepreneurs don’t have a choice, because costly professional services from accountants, lawyers, marketing firms or the like is often more than small businesses want to pay for (or can even afford to). He said many firms have never had the option of offering such fully funded payment plans before.

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Payments United States Taxes Exercises 192

PYMNTS

FEBRUARY 11, 2020

Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. Small and medium-sized businesses (SMBs) using Xero can email invoices with the built-in Square payment functionality.

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San Francisco Payments New York California 207

PYMNTS

DECEMBER 27, 2019

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. 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. .

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Taxes Mobile Management blockchain 101

PYMNTS

AUGUST 6, 2019

5) the launch of its MTrac payment platform in the state, designed to facilitate payments down the marijuana supply chain. The platform will go live the same day the state’s legal medical marijuana market goes live, Tuesday (Aug. Global Payout Inc. subsidiary MTrac Tech Corp. announced Monday (Aug.

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Louisiana Payments Taxes Maine 135