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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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Is Sales Tax An Anchor On Amazon?

PYMNTS

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101
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What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141
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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternative credit sources when financial emergencies hit, often in the form of a payday, title, tax refund anticipation or installment loan. And that’s just accessing money itself.

Online 100
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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Honored as the Innovation Showcase Award winner by the attendees of the BAI Retail Delivery conference. Teamed up with WooCommerce to help online merchants manage sales taxes. Announced sales-tax accuracy guarantee. Won Best Use of IT in Retail Banking at 16th Annual Banking Technology 2015 awards. BehavioSec ( FD15 ).

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Malls, Restaurants Request Aid As Coronavirus Forces Closures

PYMNTS

The National Restaurant Association (NRA) is forecasting a drop in sales of $225 billion over the next three months due to the outbreak. In the most immediate term, we believe the federal government should guarantee or directly pay for business interruption coverage for retailers, restaurants and other tenants as well as landlords.”.