PYMNTS

AUGUST 30, 2019

The only certainties in life, the saying goes, are death and taxes. We’ll underscore the certainty of the latter — taxes — for eCommerce firms and sales taxes , especially. Although taxes may be certain — just how much tax is due, and where, and perhaps even when, are all variables that are far from certain.

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PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

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PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs And Manual Tax Frustrations. Digitizing these processes can ease SMBs’ tax frustrations. Spring may seem far away, but U.S.

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PYMNTS

MAY 22, 2019

Likewise, small business owners need credit to help them get operations in place to get top lines flowing. As relayed in recent coverage and interviews with Fundbox and Keeper Tax, the needs (and opportunities) are significant. 20 percent: Keeper Tax’s estimate of gig workers’ tax “overpayment.”.

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PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations. he said. .

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PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. The idea comes after years of negotiations at the European level, where France and other larger European countries have tried and so far failed to convince smaller countries that tech companies have been taking advantage of the region’s tax structure.

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PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

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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?

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PYMNTS

APRIL 5, 2018

Filing taxes is hardly a walk in the park. Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7

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PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. The Cambridge Centre for Alternative Finance released a study last year, finding a sharp increase in the onboarding of new cryptocurrency users, rising from 18 million at the end of 2017 to 35 million at the end of 2018, Invest in Blockchain reports said.

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PYMNTS

MAY 9, 2018

Direct deposits, new products and tax refunds helped Green Dot beat revenue expectations for the first quarter of 2018. Green Dot on Wednesday (May 9) reported that total operating revenue increased 25 percent year over year in the first quarter, to $315 million. Green Dot’s tax refund business also showed gains.

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PYMNTS

SEPTEMBER 3, 2019

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. billion tax expense due to the case, and Alphabet turned around on a $418 million benefit. Facebook disclosed a $1.1

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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.

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PYMNTS

JULY 19, 2018

billion on back-to-school shopping, and while that number is expected to slide slightly in 2018 to $82.8 This year 17 states will have sales tax holidays of one form or another — up from 16 last year, but down from the national high of 20 states in 2010. How Tax Holidays Work. In 2017, Americans spent $83.6

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PYMNTS

AUGUST 29, 2019

And students are showing interest, with twice as many students taking a crypto or blockchain course this year than they did in 2018. In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country.

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PYMNTS

FEBRUARY 13, 2019

In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 million in 2018 — up nearly 8 percent from $247 million in 2017. million in 2018 — up nearly 8 percent from $247 million in 2017.

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PYMNTS

OCTOBER 3, 2019

sales tax obligations via the company’s sales tax application programming interface (API). Wayfair last year, many online retailers now have to collect sales tax in additional states. TaxCloud is delighted to support retailers’ ability to be compliant with the changing sales tax landscape in the U.S.

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South Dakota North Dakota Taxes Retail 164

PYMNTS

AUGUST 7, 2020

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. The watchdog told KKT UG CEO Adam Gramowski to cease crypto trading business in Germany back in February for reportedly operating without a trading or banking license. Movie2k.to

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PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

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PYMNTS

MARCH 12, 2019

In addition, the problem of fraudulent tax returns could keep growing as digital processes come to the tax-filing-and-return space. 172 billion: The value of peer-to-peer (P2P) transfers consumers made via their bank accounts in 2018. 10 : The number of countries in the region in which Grab operates.

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Bank Innovation

OCTOBER 27, 2017

EXCLUSIVE- With two products and a recently announced partnership with tax preparation software provider Intuit, Marcus by Goldman Sachs is keen on growing its brand through more new partnerships and products in 2018. The […].

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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.

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PYMNTS

SEPTEMBER 23, 2019

The unified rewards and punishment system significantly increases the potential for one violation to snowball across your operations until you have this avalanche of penalties that make it impossible to operate until you solve that one thing,” Kendra Schaefer, head of digital research at Trivium China, told the NYT.

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PYMNTS

APRIL 16, 2018

tax reform, and strong economic growth around the globe is also benefitting these players. This week’s B2B Data Digest examines the numbers released by the institutions for Q1 2018, highlighting the role corporate and wholesale banking operations did (or did not do) to support an overall impressive quarter. JPMorgan Chase.

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PYMNTS

OCTOBER 28, 2019

The 2018 South Dakota v. An additional 12 states have added or amended marketplace facilitator laws, and even more states are slated to implement remote seller tax laws in the next few years. . New remote seller laws hinder sales tax avoidance, and states are using the Wayfair ruling to apply additional tax forms to these sellers.

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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. The government plans to spend 4.75 suggests businesses could be following suit.

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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 […].

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PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 Ant operates Alipay, the digital payment service in a battle with Tencent ‘s WeChat Pay for dominance in China.

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Jeff For Banks

DECEMBER 13, 2018

But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. The Bank operates five full service offices. It also operates 13 Home Loan Centers in Oregon and Idaho. The bank operates twelve branches, eleven in California and one in Nevada. Oregon Bancorp, Inc.

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PYMNTS

FEBRUARY 20, 2020

31, 2019, with total operating revenues of $249.3 million in the 2018 quarter. The company also reported non-GAAP total operating revenues of $238.4 such as non-operating nest income, income tax benefit and expense, and more. Green Dot reported its earnings for its fourth quarter ending Dec. Green Dot is a U.S.-based

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PYMNTS

JANUARY 10, 2019

In addition to the new invoicing feature, the bank noted that it is readying to help small business clients comply with the upcoming “Making Tax Digital” initiative in the U.K., with plans to introduce new tax-related features to its platform “over the coming months.” in early 2018.

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PYMNTS

JULY 3, 2019

In December , local Chinese vendors operating in Yiwu International Trade City were upbeat about the future. . tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expected cross-border sales to grow.

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PYMNTS

OCTOBER 24, 2019

NRF On The Case For Revising eCommerce Sales Tax Laws. After the 2018 South Dakota v. Wayfair ruling, cities and states were given more leeway in taxing eCommerce operations that do business in their jurisdictions. Now, some are pushing for even more taxing abilities, and it’s causing contention in the industry. .

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PYMNTS

NOVEMBER 6, 2020

6) it would sell its retail operations in Argentina to Grupo de Narváez, a top South American supermarket chain. Securities and Exchange Commission that it will record a $1 billion, after-tax, non-cash loss in its third quarter report for next year, Reuters reported. Argentina faces trouble on two fronts.

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PYMNTS

OCTOBER 2, 2019

Food delivery company Deliveroo saw huge revenue growth in 2018, but its losses also grew as it expanded and poured money into new areas and ventures in the highly competitive food delivery market. The company’s revenues went up 72 percent in 2018, according to a report by the Financial Times , but it saw its operating expenses increase £349.4

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PYMNTS

JANUARY 26, 2020

The micromobility company launched in London in 2018, and has struggled since then to get its business off the ground. ” As such, they are subject to tax, driver’s licenses and insurance. Laws in Britain effectively ban eScooters from being on the roads, and Corbett had finally had enough.

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PYMNTS

SEPTEMBER 30, 2019

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. It will continue operations in Mexico and Latin America, the article said. Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018.

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