Perficient

JUNE 30, 2022

In 2022, FTX broke ground on its new headquarters in Nassau, the country’s capital. Ryan Salame, the co-CEO of FTX, said the campus could serve as a bellwether for similar crypto companies looking to take advantage of the island country’s favorable tax and regulatory frameworks. Crypto Conference.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

DECEMBER 23, 2019

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. They’ll be taxed at a rate of 32.5 million last year and 6.1 percent to 37.5

Taxes 134

Taxes Conference Capital Cards 134

PYMNTS

JULY 9, 2019

small business lender and commercial card company Capital on Tap is collaborating with accounting software company Receipt Bank to launch the Receipt Bank Card, a commercial card solution for small businesses, according to a press release Monday (July 8).

Capital 143

Capital Cards Software Taxes 143

PYMNTS

FEBRUARY 1, 2021

Plus, European Union legislators have told four tech companies that they are willing to delay a potential hearing past its initially scheduled date. The European Parliament had invited leaders of the companies to a hearing in Europe to help them come to an opinion in strict new rules the European Commission had put forward.

social media 236

social media Taxes Payments Apple 236

PYMNTS

JULY 1, 2020

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. Gennette also said the company does not expect another complete closure, but is “staying flexible” and is “prepared to address increases in cases on a regional level.”.

Taxes 232

Taxes Retail Maine Regional 232

PYMNTS

JANUARY 26, 2021

The round, headed up by Sequoia Capital , doubled the company’s total funding to $120 million, the release stated. Pilot will use the money to help boost its back-office services that remove distractions in order to help companies focus more on business, the release stated.

Millennials 262

Millennials Taxes Boston Analysis 262

PYMNTS

JANUARY 8, 2019

Stocks in Mexico rose on the news that the country’s government would cut the tax rate for equity IPOs, and allow private pension funds the chance to invest in more instruments. The tax rate for new equity will get slashed to 10 percent from 30 percent. Financial Times reported that Mexico’s IPC stock index was trading at 1.6

Taxes 109

Taxes Marketing Capital Company 109

PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Because digital currency is so new, regulations vary around the world.

Regulation 143

Regulation Company cryptocurrency Taxes 143

PYMNTS

APRIL 16, 2019

tax authorities’ approach to small businesses that fall behind on tax payments. Reports in AltFi said Funding Options argued that the approach by HM Revenue and Customs (HMRC) to late tax payments is “too aggressive,” citing the high number of applications HMRC submitted to shutter small businesses.

Taxes 108

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PYMNTS

JULY 20, 2018

Tilray , the first cannabis company to conduct an initial public offering on a U.S. at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. “It exchange, closed up 32 percent.

Company 144

Company Capital Taxes Industry 144

PYMNTS

FEBRUARY 28, 2020

An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. “In our very first company, we were totally bootstrapped — and because of that, we had to be very frugal, so we did our own bookkeeping,” he said. “In retrospect, it was a big mistake.

Capital 154

Capital Taxes Software Data 154

PYMNTS

JANUARY 16, 2020

In other news, South Korean cryptocurrency exchange Bithumb is going to court to fight an almost $69 million tax bill from the National Tax Service (NTS), according to a report Thursday (Jan. The tax is called a retention tax, which is an income tax paid to the government by the income payer and not its recipient.

Taxes 131

Taxes Bitcoin cryptocurrency National 131

PYMNTS

MAY 19, 2020

Payment collections software company Ontario Systems has acquired SwervePay to help bolster its electronic payment capabilities, according to a press release. Ontario Systems aims to sell RevQ+ software on the market, which works with managing the collection of fees for court-ordered debt payment, income taxes and property tax.

System 239

System Payments Taxes Software 239

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. based Paid will go toward enhancing the company's eProcurement solution for both buyers and suppliers. million in new funding for U.K.-based and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

BankUnderground

JUNE 8, 2022

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 131

Capital Policies Tools Regulation 131

PYMNTS

NOVEMBER 12, 2020

She said the company has almost reached 100,000 accounts, “which is a record number for us.”. It specializes in offering banking services, expense tracking, tax and financial services in one place for freelance workers of all kinds — from accountants to models. “We We don't charge any account fees [and] there are no minimum balances.

Taxes 254

Taxes Capital Tools Groups 254

PYMNTS

OCTOBER 15, 2020

Mastercard is working with portable benefits program Stride in order to help companies offer U.S. FinTech Mobility Capital Finance (MoCaFi) and Jobble are two of the first companies that will provide workers with healthcare through the partnership, the release stated.

Tools 237

Tools Taxes Capital Mobile 237

PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. Crossing borders and crossing the Rubicon.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. As of last year, the company employed 63 people, reports said, citing Utah Business data. As of last year, the company employed 63 people, reports said, citing Utah Business data.

Capital 108

Capital Marketing Utah Taxes 108

Abrigo

JUNE 15, 2017

By examining the credits and debits (for payroll, loan or tax payments, supplies purchased or other expenses) within business deposit/savings accounts, JPMorgan Institute determined each business’s cash buffer. “A large share of small businesses in the U.S. Review sources of incoming cash and list all of the one-time and recurring outflows.

Company 150

Company eBook Taxes Industry 150

PYMNTS

FEBRUARY 23, 2020

Credit Karma, currently a privately-held company, could find itself owned by Intuit by Monday, officials said, unless the deal falls apart. Intuit is known for making online tax filing service TurboTax, which is used by millions of people. The company makes money when users use those products.

Report 180

Report Taxes Online Financial Technology 180

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

Taxes 100

Taxes Bitcoin blockchain Seattle 100

PYMNTS

FEBRUARY 1, 2021

Special purpose acquisition companies, or SPACs , are now eyeing the Asian market for merger deals as they compete to finalize deals before their initial public offerings (IPOs) expire. SPACs, also known as blank-check companies, have become a popular vehicle on the U.S. market for taking private companies public.

Capital 198

Capital Taxes Operations America 198

PYMNTS

DECEMBER 27, 2020

And digging down a bit, special purpose acquisition companies (or SPACs) were certainly in the spotlight and were enthusiastically received in the US. As Reuters reported, direct listings now get the green light for larger companies that want to pursue that model of selling shares directly to investors.

New York 270

New York US Examples Training 270

PYMNTS

SEPTEMBER 24, 2018

public companies has gone up this year. listed companies since 2005, finding firms that had to reissue their financials due to errors. tax law and revenue accounting rules. Camping World Holdings, for example, had to file a restatement after it incorrectly recorded a deferred tax asset related to its acquisition of a 41.7

Taxes 170

Taxes Massachusetts Software Analytics 170

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

SEPTEMBER 15, 2020

Five times we went to a particular bank during COVID, and five times they had the debit card attached to the wrong company.”. The company said last year that it had launched smart business accounts in tandem with Mastercard , where accounts can be activated within 24 hours after identity verification within Oyster’s app.

System 258

System Operations Fintech Taxes 258

PYMNTS

DECEMBER 15, 2020

the current wholly-owned intermediate holding company of JD Sports Fashion Plc in the U.S., Shoe Palace provided a $52 million pre-tax profit in the year ending Dec. Genesis Holdings Inc., bought all of the issued shares in the Shoe Palace Corporation and the members’ interests in Nice Kicks LLC, according to a Tuesday (Dec.

California 220

California Hawaii Arkansas Nevada 220

PYMNTS

NOVEMBER 4, 2019

have resulted in a delay for legislation that is now in draft form, which would include a provision to tax larger tech firms that derive sales from the region. The bill has proposed a 2 percent tax on revenues for firms as diverse as Facebook and Amazon. As noted by Bloomberg last week, the December elections on deck for the U.K.

Taxes 101

Taxes Fraud Data Regional 101

PYMNTS

AUGUST 5, 2020

4) night after the San Francisco-based financial services company posted better-than-expected quarterly results for its mobile payment app. CNBC reported the company had $1.92 In addition, he said tax refunds provided the tailwinds that drove momentum in the Cash App. Square saw its shares skyrocket Tuesday (Aug.

San Francisco 218

San Francisco Capital Taxes Report 218

PYMNTS

FEBRUARY 8, 2019

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. Participants in the round also included 42K Investimentos, Chromo Invest and Capital Labs, as well as previous backers Yellow Ventures and Osher Tech.

Fintech 188

Fintech Capital New York City Analysis 188

PYMNTS

OCTOBER 25, 2019

Yet, small business (SMB) banking wasn’t the only highlight of this week’s B2B venture capital roundup, with the two largest fundraises showcasing China’s rising B2B FinTech ecosystem in areas like expense management and invoicing. Cybersecurity startup Firedome announced $10 million in new funding this week.

Capital 101

Capital Fintech blockchain Management 101

PYMNTS

JULY 31, 2020

In a venture capital slowdown, any investment round is a win. The company offers businesses a platform to manage their third-party partners, connecting users to its Trust Catalog of corporate profiles. The company raised $17.25 million in fresh investment for the industry. PYMNTS rounds up the latest deals below.

Security 166

Security Data Capital Utah 166

BankUnderground

NOVEMBER 16, 2023

Some have said that companies have increased their profits over that period: so-called ‘greedflation’. We use published company accounts for thousands of large listed companies to look for signs of increased profits in the data. Companies in the euro area are in a similar position. Why look at large companies?

Company 138

Company Trends Policies Taxes 138

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. based company said it will use its seed funding to propel the company’s expansion. Lendingkart.

Fintech 179

Fintech Analytics Capital Lending 179

PYMNTS

OCTOBER 14, 2019

Alfa-Bank and Novolipetsk Steel Company (NLMK), along with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via Marco Polo. We expect Marco Polo to ensure seamless collaboration of several sides engaged in international trade operations (banks, suppliers, insurance companies, etc.)

Taxes 109

Taxes blockchain Bitcoin social media 109

Bank Innovation

JULY 19, 2018

The largest gains came from the bank’s ownership stake in the payment processing company Worldpay, formerly Vantiv. The sale of five million shares of common stock of Worldpay resulted in a $205 million pre-tax gain. Fintech partnerships paid off for Fifth Third Bank this quarter. of […].

Fintech 199

Fintech Taxes Report Payments 199