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MAY 10, 2019

The voice ID system was put into place in January of 2017. The Information Commissioner’s Office (ICO) conducted the investigation after receiving the complaint, and found that the tax office collected the data illegally. The HMRC was sent a notice to delete the voice records on May 9, and it has 28 days from that date to do so.

Taxes 108

Taxes Data System Groups 108

The Paypers

MARCH 21, 2017

(The Paypers) The US Internal Revenue Service (IRS) has issued a warning to tax professionals and citizens to be on the lookout for last-minute frauds for the 2017 tax season.

Taxes 28

Taxes Fraud US Security 28

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers. And though local U.S.

Taxes 177

Taxes Payments District of Columbia Alabama 177

PYMNTS

SEPTEMBER 30, 2019

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

Retail Taxes Virginia South Dakota 109

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JULY 15, 2019

The report noted there has been an 86 percent increase in fraud investigations done internally, with confirmation of fraud in as many as 75 percent of the cases investigated between 2016 and 2017, according to the report. Separately, in Oklahoma, a computer software company owner has pleaded guilty to payroll tax fraud. Grayson Jr.,

Fraud 109

Fraud Cards Taxes Payments 109

PYMNTS

MARCH 1, 2018

56 percent | Percentage of ground transportation expenses Uber secured for travel and expense company Certify’s customers in 2017, up 52 percent in 2016. The ridesharing industry overall landed 68 percent of 2017 ground travel spend, towering over car rentals (25 percent) and traditional taxis (7 percent). workforce by 2020.

Innovation 100

Innovation Data Taxes Lending 100

PYMNTS

DECEMBER 18, 2017

20,000 | Cryptocurrency bitcoin finally managed to break the barrier after all, reaching a value of more than $20,000 per coin before the end of 2017. 50 percent | Portion of North American CFOs who believe large companies will benefit the most from tax reform, according to a CNBC survey. Of those, only 3.35 Of those, only 3.35

Bitcoin 100

Bitcoin Data Taxes cryptocurrency 100

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

Taxes 134

Taxes Fraud Operations Security 134

Abrigo

JULY 20, 2017

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. Electronic Tax Return Reader (ETRR). AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. The products featured in the report include: · Credit Analysis. Loan Administration.

Software 150

Software Report United States Compliance 150

PYMNTS

OCTOBER 8, 2019

Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform. 54 percent of SMBs say the Tax Cuts and Jobs Act positively impacted their businesses , new research from the National Federation of Independent Businesses said.

Survey 134

Survey Taxes Data Report 134

PYMNTS

DECEMBER 26, 2019

According to data from Refinitiv, funds secured through Indian IPOs dropped to $2.8 billion in 2017 prior to a notable fall to just $5.5 This was only a day before Indian markets were boosted via an official announcement of a cut in the corporate tax rate. billion in 2019. IPO value was at $11.7 billion in 2018. overall in 2019.

Taxes 130

Taxes Marketing Security Industry 130

PYMNTS

JANUARY 12, 2017

Analysis from Bloomberg BNA in its “ 2017 Outlook — International Payroll ” report released just before the new year suggests data protection has become a paramount concern for payroll managers. Data Security. a new payroll tax, the Apprenticeship Levy, will come into effect in April. India, South Africa, Brazil and Australia.

Data 100

Data Taxes Compliance Regulation 100

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FEBRUARY 21, 2020

She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers. James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent.

Fraud 223

Fraud New York City New York Taxes 223

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FEBRUARY 23, 2018

Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday (Feb. In other news gleaned from the filing, unreserved legal costs in their entirety have been estimated at $1 billion as of the end of 2017, down from the $1.5 billion that had been tallied at the end of the September quarter.

Cards 109

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FEBRUARY 21, 2020

More than $1 trillion is expected to be spent on cybersecurity solutions worldwide between 2017 and 2021 as companies address the need for protections and make major investments in digital fraud-fighting techniques. One study found a 46 percent increase in reports of such attacks between 2017 and 2018. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

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FEBRUARY 16, 2018

tax code will help it post a profit in the not-too-distant future. percent during the fourth quarter of fiscal 2017. The news comes as Sears is commencing private exchange offers for its outstanding unsecured notes due in 2019 and its secured notes due in 2018, according to a filing with the Securities and Exchange Commission (SEC).

Taxes 100

Taxes Branding Security Retail 100

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JANUARY 26, 2018

Securities and Exchange Commission (SEC) has reportedly opened an investigation into the accounting practices of digital industrial company General Electric (GE). GE released its Q4 2017 earnings data earlier this week, revealing a one-time $6.2 billion tax charge related to the nation’s recent tax reform.

Washington 117

Washington Taxes Course National 117

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. Although businesses in tax havens are not necessarily illegal, some of the geographies involved are also hot sites for money laundering. We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40

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FEBRUARY 27, 2019

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.

Security 159

Security National Wyoming Idaho 159

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SEPTEMBER 14, 2018

Securities and Exchange Commission (SEC) claims that two high-frequency traders routed millions through Citi Match, while the firm allegedly told clients that they were not using the service, Financial Times reported. ” The news comes as the U.S. billion that had been tallied at the end of the September quarter.

United States 134

United States Taxes Regulation Cards 134

BankBazaar

JUNE 18, 2020

If your tax slab is 30%, your FD returns will be taxed to that extent, unless you’re a senior citizen eligible for certain income tax bene?ts after income tax and that is your e?ective ective post-tax return (refer to Table 2). higher per annum post tax than ?xed ts on this front.

Management 78

Management Taxes Examples Capital 78

Abrigo

SEPTEMBER 6, 2017

Federal Reserve Small Business Credit Survey The 2016 Small Business Credit Survey from the Federal Reserve states that moving into 2017, small businesses “expressed continued optimism while also reporting trouble making ends meet and accessing credit.” The reason members have joined a credit union is for the relationship,” says Brown.

Survey 150

Survey Taxes Comparison Fintech 150

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AUGUST 12, 2019

million in sales taxes. The firm defaulted on and then refinanced a 2017 $21 million loan that was recently purchased by Money Chest, who gave Loot Crate a $10 million bankruptcy loan. Cash flow issues have put the company in a precarious financial position, with $20 million worth of unshipped merchandise and $30 million in debt.

Los Angeles 109

Los Angeles Company Delaware Taxes 109

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JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

Payments 130

Payments US Fraud Innovation 130

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MARCH 5, 2019

tax authority, HM Revenue & Customs (HMRC), conducted a week-long investigation into 50 estate agents suspected of trading without being registered. million over 2017 to 2018. According to Financial Times ( FT ), the U.K.

Compliance 134

Compliance Training Taxes National 134

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FEBRUARY 12, 2018

Even amid the competition, eCommerce retail in Brazil has slowly taken off due to fears over security. Tax and logistics in Brazil can be challenging due to the large size of the country. Amazon’s expansion into electronics spooked investors , who sold off shares of MercadoLibre, with stocks dropping by as much as 9 percent in 2017.

Los Angeles 122

Los Angeles Retail Taxes National 122

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MARCH 2, 2018

Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016. While we received fewer overall complaints in 2017, consumers reported losing more money to fraud than they did the year before,” Tom Pahl, the acting director of the FTC’s Bureau of Consumer Protection, said in the press release.

Millennials 138

Millennials Fraud Taxes Report 138

PYMNTS

NOVEMBER 3, 2017

Cardtronics , the world’s largest ATM owner and operator, revealed that it has exceeded earnings expectations for the third quarter of 2017. The company, which is based out of Houston, TX and operates globally, had total revenues of $402 million in the quarter ending September 30, 2017 – a 22 percent increase from $328.3 million ($193.5

ATM 108

ATM DC Houston Operations 108

PYMNTS

DECEMBER 9, 2020

9) that it had reviewed an email to Deutsch Bank staff announcing that Brigitte Bomm, global head of tax, would replace Loetscher effective immediately. Apas suspects that EY partners knew they were issuing “factually inaccurate” audits for Wirecard in 2017 and 2018, according to the FT report. The FT reported Wednesday (Dec.

Leadership 151

Leadership Taxes Report Payments 151

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APRIL 16, 2018

A bit of a commerce chill settled on consumer-spending patterns in the later days of 2017 and early 2018, but it seems customers have found their appetites again for cars, appliances and furniture. After looking sluggish in the first few months of the year, U.S. Auto sales were looking particularly heathy, with a 2 percent bounce in March.

Retail 110

Retail Taxes National Trends 110

PYMNTS

APRIL 1, 2019

For 2018, the company said in its IPO filing with the Securities and Exchange Commission (SEC) that it earned $2.16 million loss it logged in 2017. California is expected to have a tax revenue windfall as a result of the renewed IPO market. billion, up from $1.06 million, up from the $688.3

California 115

California Taxes Marketing Company 115

PYMNTS

JULY 15, 2019

The advisers are reportedly looking into many options that encompass bankruptcy in addition to others that would aid it in avoiding a bankruptcy filing like securing further financing or a sale. According to previous reports from the outlet, that nearly wiped out earnings prior to tax, interest, amortization and depreciation.

New York City 109

New York City New York Retail Taxes 109

PYMNTS

FEBRUARY 20, 2019

At the end of last year, the company submitted paperwork for an initial public offering to the Securities and Exchange Commission (SEC), and it’s expected to make the actual IPO filing next week, naming Nasdaq as the listing exchange. The NYSE listed a few marquee companies in 2017, including Spotify and Snap. billion by 2019.

New York 116

New York Taxes Company Security 116

PYMNTS

NOVEMBER 7, 2018

Management also stated that the CLUB Certificate Program — defined as whole loan transactions structured as tradable pass-through securities — is nearing the $1 billion mark, after having been launched less than a year ago, in December of 2017. CEO Sanborn stated that that engagement with the Federal Trade Commission remains ongoing.

Taxes 159

Taxes Management Risk Management Capital 159

PYMNTS

FEBRUARY 14, 2018

2017 was a transformative year for OnDeck,” CEO Noah Breslow noted at the beginning of his remarks. He reminded investors that the firm, which had a very rocky start in 2017, managed to end the year with its effective interest yield up by over 200 basis points and its net charge-off rate down by over 100 basis points.

Taxes 101

Taxes Lending Risk Management Report 101

PYMNTS

MARCH 2, 2018

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 Alternative Lending.

Fintech 118

Fintech Capital blockchain Lending 118

PYMNTS

APRIL 7, 2017

The tool — which allows users to directly port their electronic tax return into the Free Application for Federal Student Aid form — had to be unplugged in March when it was discovered that enterprising cybercriminals were using the tool for an unintended purpose: gathering information to file fake tax returns.

Tools 100

Tools Data Taxes Fraud 100