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How Merchants Navigate Tax Collection Complexity With Technology  

PYMNTS

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. And, in retail, The North Face is offering outdoorsy experiential retail in the city, while PUMA brought its first-ever North American flagship store to New York.

Taxes 122
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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116
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US Supreme Court Gives The Green Light For Online Sales Taxes

PYMNTS

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. retail sales. retail sales. A New Type of “Physical Presence”.

Taxes 119
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SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tackling Tax.

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TaxCloud Announces New Stripe Integration

PYMNTS

sales tax obligations via the company’s sales tax application programming interface (API). Since the Supreme Court issued its opinion in South Dakota v. Wayfair last year, many online retailers now have to collect sales tax in additional states.

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A Rough Map To The New World Of Online Sales Taxes

PYMNTS

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
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Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair

PYMNTS

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. .