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.”.

Taxes 134

Taxes Lending Data Operations 134

PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132

Taxes Online Policies Philadelphia 132

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.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

JUNE 10, 2020

Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the years on a global stage — and it’s only going to increase. One significant example can be found in the 2018 Supreme Court ruling known as South Dakota v.

Taxes 131

Taxes South Dakota Software Compliance 131

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.

Taxes 145

Taxes Ohio cryptocurrency Payments 145

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. .

Taxes 131

Taxes Policies Compliance Retail 131

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.

Taxes 122

Taxes Google Apple Meeting 122

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.

Taxes 120

Taxes Report Payments System 120

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

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.

Industry 155

Industry Colorado Taxes California 155

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

Taxes 100

Taxes Tools Payments Cards 100

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.

Taxes 100

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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

Taxes 116

Taxes San Francisco Regulation Company 116

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.

South Dakota 164

South Dakota North Dakota Taxes Retail 164

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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Course Taxes Bitcoin blockchain 116

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 […].

Las Vegas 186

Las Vegas Taxes Software Branding 186

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

Taxes 101

Taxes Trends Massachusetts Louisiana 101

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

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

Bitcoin 157

Bitcoin ATM cryptocurrency Operations 157

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.

Taxes 177

Taxes New York System Training 177

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.

Online 132

Online Taxes Compliance Missouri 132

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.

Taxes 166

Taxes Mobile Management Operations 166

PYMNTS

MAY 16, 2019

The gig economy has operated — and thrived — in a gray area. This means these workers won’t qualify for the federal minimum wage or overtime, and will be responsible for their share of Social Security taxes. In Q4 2018, there was a jump in nonseasonal workers sourcing gigs via digital marketplaces (38.4 In Q4 2018, 37.6

Study 191

Study Payments Taxes Survey 191

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.

Taxes 122

Taxes Regional Data Mobile 122

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.

Cards 188

Cards Payments Taxes Study 188

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.

Taxes 134

Taxes Operations Lending Marketing 134

PYMNTS

FEBRUARY 21, 2019

million in net income for the fourth quarter of 2018. Streit also highlighted the firm’s ongoing collaboration with Intuit , with its Turbo Tax solution enabling users to receive tax refunds on a Prepaid Visa Card issued by Green Dot. The firm saw $6.2 billion in purchase volume during Q4, up from $5.65

Taxes 188

Taxes User Experience Cards Operations 188

PYMNTS

FEBRUARY 2, 2021

1, a milestone that also made Action 24/7 the only locally owned sportsbook gaming operator of four licensed by the state. “I 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. But we are growing the size of the player pool.".

Tennessee 262

Tennessee Payments social media Regulation 262

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Fraud 189

Fraud Fintech Compliance Regulation 189

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

PYMNTS

MAY 22, 2019

WeChat Pay is a unit of Tencent’s popular WeChat mobile messaging platform, while Alipay is operated by Ant Financial, an affiliate of Chinese eCommerce giant Alibaba. In a statement to Reuters, Tencent said its WeChat Pay unit meets all regulations in the countries where it operates. “As

Regulation 158

Regulation Taxes Payments System 158

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.

Taxes 100

Taxes Lending Operations Data 100

PYMNTS

FEBRUARY 8, 2019

The disclosures come as Wirecard has said that back in April of 2018, an employee of its Singapore operations had raised concerns about another member of the team. The FT had reported that Edo Kurniawan, who heads accounting operations in the Asia Pacific, had been accused of forging and backdating contracts.

Metro 169

Metro Fraud Compliance Taxes 169

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.

Retail 148

Retail Taxes Analytics America 148

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.

Training 130

Training Online Taxes Operations 130

PYMNTS

OCTOBER 13, 2019

Its chief operating officer Richard Davies recently announced the company’s plans to raise $500 million before the end of the year, while the $1 billion loan would convert into shares if the company received a U.S. In fact, it recently reported a pre-tax loss of £33 million for 2018, which is double the amount of the previous year.

Taxes 163

Taxes Branding Fintech Regional 163

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.

Retail 152

Retail Taxes Regional Operations 152