PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

Taxes 134

Taxes South Dakota New York Nebraska 134

PYMNTS

OCTOBER 28, 2019

The 2018 South Dakota v. Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

OCTOBER 24, 2019

The 2018 South Dakota v. Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101

Taxes San Jose Kansas South Dakota 101

PYMNTS

JULY 19, 2018

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. billion on back-to-school shopping, and while that number is expected to slide slightly in 2018 to $82.8 How Tax Holidays Work. In 2017, Americans spent $83.6

Taxes 101

Taxes Trends Massachusetts Louisiana 101

Bankelele

MAY 20, 2018

The Kenya government, through the National Treasury, is proposing some long overdue changes to the country’s income tax laws, which are contained in a draft bill that will be submitted to Parliament. The post Kenya Income Tax Cuts, Increases, and Other changes 2018 appeared first on Bankelele.

Taxes 31

Taxes National Industry 31

Bankelele

SEPTEMBER 19, 2018

In a year in which there were crucial changes proposed to Kenya’s tax system, the National Assembly passed the Finance Bill 2018, but the President refused to assent to it and sent it back to Parliament with his proposed amendments to fuel, banking, housing, gambling and other taxes. Banking: For […].

Taxes 41

Taxes National System 41

PYMNTS

OCTOBER 25, 2019

The 2018 South Dakota v. tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

DECEMBER 23, 2019

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Reports in Zawya on Monday (Dec. Reports in Zawya on Monday (Dec.

Taxes 130

Taxes Conference System Mobile 130

Bobsguide

AUGUST 22, 2018

The GDP of Africa’s most industrialised nation started off 2018 by contracting at its sharpest rate in nine years, and there’s little reason to believe things are going to improve much in the near future. South Africa’s economy has been in trouble for a while now. That’s why.

Taxes 60

Taxes National 60

PYMNTS

FEBRUARY 7, 2019

A new report from the State Bank of Pakistan says a lack of electronic payment services like PayPal in the country has led the nation to lose out on as much as $2 billion in payments related to the information and communication technology sector. Reports in the Express Tribune on Wednesday (Feb. But the true value could be as high as $2.5

National 165

National Taxes Report Payments 165

Bankelele

JANUARY 8, 2018

Today, the Pambazuka National Lottery (PNL) followed partner Sportpesa in suspending its operation in Kenya following a new 35% tax that came into force on January 1, 2018. PNL, which is operated by Bradley Limited, interpretation of the tax change is that, whereas they had been paying out 55% out as prizes and 25% as […].

Taxes 28

Taxes National Operations 28

Abrigo

NOVEMBER 21, 2019

The US is at a disadvantage without a national beneficial ownership registry. . This was long before the United States passed legislation in 2018 to unveil the secrecy of legal entity ownership. Is a national beneficial ownership database in the works? The importance of CDD and EDD around beneficial ownership.

United States 195

United States Regulation National Taxes 195

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

Taxes 144

Taxes America National Community 144

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

PYMNTS

JANUARY 27, 2020

The change may have been telegraphed more than a year ago in October 2018, when Mick Mulvaney, who had been serving as acting director of the agency, said that the CFPB was working on a new regulation to define those practices, as reported in The Wall Street Journal. Digital Taxes, Abroad.

New York 179

New York Taxes California Conference 179

PYMNTS

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

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Still, less than half said they expect their local economies and the national economy to improve in 2018. Eighty-one percent of U.S. billion in working capital is on the books for U.K.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

JANUARY 21, 2019

Part of the reason for the potential slowdown is that taxpayers won’t be getting the boost in take-home pay many got last year, as a new tax law went into effect recently. The National Federation of Independent Business (NFIB), an advocacy group, did a survey of its members. percent by Q4, down from 7.5

Conference 128

Conference Taxes Retail Groups 128

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. And so went the birth of First National Bank of Keystone's meteoric rise. The town, already depressed from coal's decline, had a population of 600.

National 78

National West Virginia Virginia Pennsylvania 78

BankBazaar

JANUARY 31, 2021

The National Sample Survey Office conducted a survey between 2017 and 2018, sampling 113,823 urban and rural households. National Asset Monetising Pipeline launched to monitor asset monetisation process. National Rail Plan created to bring a future-ready Railway system by 2030. The findings indicate that a whopping 85.9

Metro 122

Metro Taxes National Survey 122

PYMNTS

JANUARY 26, 2018

billion tax charge related to the nation’s recent tax reform. GE Needs to hit 2018 targets on cost cuts, asset sales and improved earnings and cash flow,” said Jim Corridore, independent investment research firm CFRA equity analyst, in a research note cited by the publication.

Washington 117

Washington Taxes Course National 117

PYMNTS

MAY 22, 2019

The spokesman said the apps were using Nepal ‘s internet connectivity, but the transactions are being made in China and not in the country’s national accounts. They comprise the largest group after Indian tourists, which amounted to 200,000 in 2018. million tourists to Nepal last year, 153,000 were from China.

Taxes 158

Taxes Regulation Payments System 158

PYMNTS

NOVEMBER 7, 2019

Consumers around the world log in to eBay with their Facebook profiles, purchase lunches with Apple Pay and in some cases pay their taxes or register to vote with government-provided digital identities. One of the leaders in national digital ID systems is Estonia, which provides digital IDs to all 1.3 million of its citizens.

System 131

System Guidelines National Online 131

PYMNTS

JULY 13, 2018

Though it is only mid-July, the back-to-school preparations in retail are already underway – and the National Retail Federation (NRF) has released its 2018 predictions. On the whole, 2018 is expected to generate slightly less revenue than the 2017 season, according to the annual NRF and Prosper Insights & Analytics survey.

Retail 100

Retail Taxes Analytics Survey 100

PYMNTS

FEBRUARY 2, 2021

While the instant betting and payout abilities are a positive, there is no competing with the black market when it comes to the collection of taxes. It has rapidly become clear to me that this is a meaningful, material, national, new vertical for money-in and money-out, which is what we do for payments,” Edwards said. The High Rollers.

Tennessee 262

Tennessee Payments social media Regulation 262

PYMNTS

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

DECEMBER 2, 2019

Fees will stay the same as 2019 for the FedACH service, National Settlement Service and Fedwire Securities Service. From 2009 through 2018, the Reserve Banks recovered 102.6 The 2020 private-sector adjustment factor (PSAF) of $18.9 million was also approved. This is an increase of $1.1 million from the 2019 PSAF of $17.8

Payments 101

Payments Kansas Taxes System 101

PYMNTS

FEBRUARY 6, 2019

The National Retail Federation (NRF) predicts that retail sales this year will increase between 3.8 More people are working, they’re making more money, their taxes are lower and their confidence remains high. In addition, the overall economy is set to gain an average of 170,000 jobs per month, a decrease from the 220,000 in 2018.

Retail 116

Retail Taxes National Marketing 116

PYMNTS

FEBRUARY 21, 2018

That was on top of news that Walmart’s increased profit-margin pressure was pushing an annual revenue estimate for 2018 that missed investor expectations. That mild miss, Walmart noted, came as the firm pulled forward some investments for tax purposes. This issue, among others, is on Walmart’s priority list for 2018.

Online 100

Online Taxes Branding Retail 100

PYMNTS

FEBRUARY 12, 2018

The announcement came just in time for the 2018 Winter Olympic Games, currently underway and being held in PyeongChang, South Korea. Users can even receive an instant tax refund at four major airports in the country. Alipay was introduced in South Korea in 2015, and is now available at various merchants around the country.

Mobile 101

Mobile Taxes Regional National 101

PYMNTS

JULY 5, 2018

Furthermore, USA Payroll provides customers with payroll and tax services, timekeeping, third-party administration and other back-office services. Financial terms of the acquisition were not disclosed, but Asure said it has revised its 2018 financial outlook. The tool helps businesses mitigate payroll compliance risk.

Marketing 108

Marketing Software Taxes Resources 108

PYMNTS

JUNE 16, 2019

According to the National Federation of Independent Business ( NFIB ), six factors in the Small Business Optimism Index improved, three were unchanged, and one fell. The index showed an increase in capital outlays by six points to 64 percent — the highest level since February 2018. New data showed that small business optimism rose 1.5

Capital 102

Capital Taxes National Data 102

PYMNTS

JUNE 12, 2019

In a recent blog post citing Billentis research, Sovos highlighted some of the successful eInvoice mandates across Latin America, with Brazil reporting $58 million in tax revenue increases as a result of such a mandate, while Chile and Mexico were able to reduce their VAT gaps by as much as 50 percent.

America 139

America Taxes Regulation Fraud 139

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. The country was eager to adopt digital governmental services with the launch of an online tax payment service in 2000 and a national digital ID system in 2002. More than 4.5

Security 129

Security blockchain United States San Francisco 129

CFPB Monitor

AUGUST 30, 2022

Nevertheless, a large percentage of low-income consumers in 2018 had at least one medical collection on their credit reports. percent had at least one medical collection on their credit report in December 2018, a rate that is nearly three times the rate for people without children earning the same amount.

Policies 78

Policies Regional Report Taxes 78

PYMNTS

MAY 6, 2019

Despite the optimism, 64 percent revealed they did not benefit from recent tax reform, and more than one-third are concerned about the health of the national economy. SMBs turned to online lenders when seeking funding in 2018 , the latest analysis from Funding Circle and Oxford Economics found. Thirty-two percent of U.S.

Survey 115

Survey America Analysis Data 115